House of Lords Official Report

Total Page:16

File Type:pdf, Size:1020Kb

House of Lords Official Report Vol. 754 Monday No. 16 30 June 2014 PARLIAMENTARY DEBATES (HANSARD) HOUSE OF LORDS OFFICIAL REPORT ORDER OF BUSINESS Questions Health: Multiple Sclerosis................................................................................................................................................1527 Busking ...............................................................................................................................................................................1529 Education: Citizenship Studies ........................................................................................................................................1531 Disabled Students’ Allowance..........................................................................................................................................1535 Co-operative and Community Benefit Societies and Credit Unions Act 2010 (Consequential Amendments) Regulations 2014 Motion to Approve ...........................................................................................................................................................1537 Legislative Reform (Clinical Commissioning Groups) Order 2014 Motion to Approve ...........................................................................................................................................................1537 Criminal Justice and Courts Bill Second Reading..................................................................................................................................................................1537 EU Council June 2014 Statement ............................................................................................................................................................................1572 Criminal Justice and Courts Bill Second Reading (Continued) ...........................................................................................................................................1583 Grand Committee Financial Services and Markets Act 2000 (Regulated Activities) (Green Deal) (Amendment) Order 2014 Motion to Consider....................................................................................................................................................GC 191 Banking Act 2009 (Banking Group Companies) Order 2014 Motion to Consider....................................................................................................................................................GC 194 Banking Act 2009 (Exclusion of Investment Firms of a Specified Description) Order 2014 Banking Act 2009 (Restriction of Partial Property Transfers) (Recognised Central Counterparties) Order 2014 Motions to Consider ..................................................................................................................................................GC 202 Banking Act 2009 (Third Party Compensation Arrangements for Partial Property Transfers) (Amendment) Regulations 2014 Anonymous Registration (Northern Ireland) (No. 2) Order 2014 Motions to Consider ..................................................................................................................................................GC 203 Donations to Candidates (Anonymous Registration) Regulations 2014 European Parliamentary Elections (Anonymous Registration) (Northern Ireland) Regulations 2014 Motions to Consider ..................................................................................................................................................GC 207 Northern Ireland Assembly (Elections) (Amendment) Order 2014 Representation of the People (Northern Ireland) (Amendment) Regulations 2014 Health Care and Associated Professions (Indemnity Arrangements) Order 2014 Motions to Consider ..................................................................................................................................................GC 208 United Nations International Widow’s Day Question for Short Debate........................................................................................................................................GC 216 Written Statements.............................................................................................................................................WS 143 Written Answers ..................................................................................................................................................WA 205 £4·00 Lords wishing to be supplied with these Daily Reports should give notice to this effect to the Printed Paper Office. No proofs of Daily Reports are provided. Corrections for the bound volume which Lords wish to suggest to the report of their speeches should be clearly indicated in a copy of the Daily Report, which, with the column numbers concerned shown on the front cover, should be sent to the Editor of Debates, House of Lords, within 14 days of the date of the Daily Report. This issue of the Official Report is also available on the Internet at www.publications.parliament.uk/pa/ld201415/ldhansrd/index/140630.html PRICES AND SUBSCRIPTION RATES DAILY PARTS Single copies: Commons, £5; Lords £4 Annual subscriptions: Commons, £865; Lords £600 LORDS VOLUME INDEX obtainable on standing order only. Details available on request. BOUND VOLUMES OF DEBATES are issued periodically during the session. Single copies: Commons, £105; Lords, £60 (£100 for a two-volume edition). Standing orders will be accepted. THE INDEX to each Bound Volume of House of Commons Debates is published separately at £9·00 and can be supplied to standing order. All prices are inclusive of postage. The first time a Member speaks to a new piece of parliamentary business, the following abbreviations are used to show their party affiliation: Abbreviation Party/Group CB Cross Bench Con Conservative Con Ind Conservative Independent DUP Democratic Unionist Party GP Green Party Ind Lab Independent Labour Ind LD Independent Liberal Democrat Ind SD Independent Social Democrat Lab Labour Lab Ind Labour Independent LD Liberal Democrat LD Ind Liberal Democrat Independent Non-afl Non-affiliated PC Plaid Cymru UKIP UK Independence Party UUP Ulster Unionist Party No party affiliation is given for Members serving the House in a formal capacity, the Lords spiritual, Members on leave of absence or Members who are otherwise disqualified from sitting in the House. © Parliamentary Copyright House of Lords 2014, this publication may be reproduced under the terms of the Open Parliament licence, which is published at www.parliament.uk/site-information/copyright/. 1527 Health: Multiple Sclerosis[30 JUNE 2014] Health: Multiple Sclerosis 1528 past two or three months, which is great news. Is there House of Lords any chance that these new drugs will be included in the risk-sharing initiative with industry? Monday, 30 June 2014. Earl Howe: My Lords, I think that the answer is 2.30 pm almost certainly no because the risk-sharing scheme initiated under the previous Government is quite complex Prayers—read by the Lord Bishop of Oxford. to administer and we would need to be persuaded that the administrative burdens associated with it were worth while. Now that we have the NICE process, it is Health: Multiple Sclerosis probably best that NICE should look at these drugs in Question the context of its new clinical guideline, which is what the stakeholder groups thought was preferable. 2.36 pm Lord Blencathra (Con): My Lords, I declare a personal, Asked by Baroness Gardner of Parkes though not a financial, interest in this Question. My To ask Her Majesty’s Government what plans noble friend may be aware that there is a drug called they have to introduce new treatment for relapsing- benztropine which has been approved for the past remitting multiple sclerosis. 10 years for use in Parkinson’s patients. We know that it is not carcinogenic, mutagenic, teratogenic or any other genic—it is safe. US researchers have just discovered The Parliamentary Under-Secretary of State, Department that it seems to completely restore the myelin sheath of Health (Earl Howe) (Con): My Lords, it is important on the spinal cord, at least in laboratory animals. This that people are able to access the innovative and effective is of enormous interest to MS patients. Will my noble new treatments they need. Many thousands of people friend add benztropine to the list of medicines for in England with multiple sclerosis have benefited from urgent consideration by his early access to medicines the medicines recommended by the National Institute scheme? for Health and Care Excellence or covered by the MS risk-sharing scheme. Earl Howe: My Lords, we are keen to see candidates being proposed for the early access to medicines scheme. Baroness Gardner of Parkes (Con): My Lords, I If a body of evidence suggests that benztropine could thank the Minister for that reply. People with multiple qualify for designation as a promising innovative sclerosis consider that specialist MS nurses are the key medicine—a PIM—the Medicines and Healthcare health professionals for providing responsive, person- products Regulatory Agency stands ready to consider centred, co-ordinated and integrated care. The latest such evidence. However, it is for the manufacturer of MS Trust report assesses the provision of MS nurses the drug, not the Government, to decide whether it across the UK and considers that there is a shortage of wishes to propose the drug as a candidate for the around 200, and that more specialist nurses are required scheme. to ensure
Recommended publications
  • P R E S S BACKGROUND1 FOREIGN AFFAIRS COUNCIL Monday 23
    Brussels, 20 June 2014 BACKGROUND 1 FOREIGN AFFAIRS COUNCIL Monday 23 June 2014 in Luxembourg The Council, chaired by the EU High Representative for Foreign Affairs and Security Policy, Catherine Ashton, will start at 10.00. The newly-appointed Foreign Minister of Ukraine , Pavlo Klimkin, will be invited to discuss with the ministers the developments in his country. The Council will then have an internal debate to take stock of developments in Ukraine, on which it is expected to adopt conclusions. The Council will exchange views on events in Libya and also discuss the latest developments in Iraq and Syria . Over lunch, ministers will debate the latest developments in Iraq as well as related aspects of the Syrian crisis , in the presence of Nikolay Mladenov, Special Representative of the UN Secretary General for Iraq and Head of the UN Assistance Mission in Iraq. The EU-Turkey Association Council will take place at 8.00. The EU delegation will be led, on behalf of the High Representative, by the Greek Deputy Prime Minister and Foreign Minister, Evangelos Venizelos (TV/photo opportunity at 8.45). Press conferences: • following the EU-Turkey Association Council (+/- 10.00) • after the Foreign Affairs Council (+/- 16.00) * * * Press conferences and public events by video streaming: http://video.consilium.europa.eu/ Video coverage in broadcast quality (MPEG4): http://tvnewsroom.consilium.europa.eu Photographic library on www.consilium.europa.eu/photo for photos in high resolution. * * * 1 This note has been drawn up under the responsibility of the press office P R E S S Council of the European Union - Press Office Rue de la Loi 175 B – 1048 BRUSSELS Tel.: +32 (0) 2 281 6319 [email protected] http://www.consilium.europa.eu/press Ukraine Ukrainian Foreign Minister Pavlo Klimkin is invited to address EU foreign ministers at the start of the session.
    [Show full text]
  • Luxembourg's Development Cooperation Annual Report 2015
    Luxembourg’s development cooperation Annual report 2015 Lëtzebuerger Entwécklungszesummenaarbecht www.cooperation.lu There is also an independent microsite containing the annual reports on Luxembourg’s development cooperation since 2010 at the following address: www.cooperation.lu. Table of contents Annual report 2015 4 Introduction by the Minister 7 Meetings and trips in 2015 11 European Year for Development 14 COP21 and the Paris Agreement 16 I. Luxembourg’s official development assistance in 2015 26 II. Cooperation with the main partner countries 26 The new Indicative Cooperation Programmes and the focus on least developed countries 29 Africa 29 Burkina Faso 30 Cabo Verde 31 Mali 32 Niger 33 Senegal 34 Central America 34 El Salvador 35 Nicaragua 36 Asia 36 Laos 37 Vietnam 38 III. Regional cooperation and cooperation with other countries 40 Balkans (Kosovo – Montenegro – Serbia) 40 Mongolia 41 Myanmar 42 Occupied Palestinian Territories 43 Afghanistan/Tajikistan 44 IV. Multilateral cooperation 53 V. European Union 55 VI. Cooperation with development NGOs 59 VII. Humanitarian action 67 VIII. Programme support 69 IX. Development education and awareness raising 70 X. Inclusive finance 71 XI. Evaluation 73 XII. Report on the progress of the work of the Interministerial Committee 77 Appendices 77 A. Useful addresses 79 B. Organisational chart of the Directorate for Development Cooperation 81 C. Useful links 3 Introduction by the Minister Dear friends of Luxembourg’s development cooperation, It is my pleasure to present to you this annual report 2015 on Luxembourg de- velopment cooperation. In last year’s annual report I highlighted the fact that 2015 would be a pivotal year for development cooperation and that the major international meetings would to a large extent reconfigure our post-2015 devel- opment cooperation and its financing.
    [Show full text]
  • SGAC-Annual-Report-2014.Pdf
    ANNUAL REPORT SPACE GENERATION ADVISORY COUNCIL 2014 In support of the United Nations Programme on Space Applications A. TABLE OF CONTENTS A. Table of Contents 2 In support of the United Nations Programme B. Sponsors and Partners 4 on Space Applications 1. Introduction 10 1.1 About the SGAC 12 14 c/o European Space Policy Institute (ESPI) 1.2 Letter from the Co-chairs 15 Schwarzenbergplatz 6 1.3 Letter from the Executive Director 16 Vienna A-1030 1.4 SGAC output at a glance AUSTRIA 2. SGAC Background 22 2.1 History of the SGAC 24 26 [email protected] 2.2 Leadership and Structure 27 www.spacegeneration.org 2.3 Programme +41 1 718 11 18 30 3. The organisation in 2014 30 32 +43 1 718 11 18 99 3.1 Goal Achievement Review 3.2 SGAC Activity Highlights 36 42 © 2015 Space Generation Advisory Council 3.3 Space Generation Fusion Forum Report 3.4 Space Generation Congress Report 50 3.5 United Nations Report 62 3.6 SGAC Regional Workshops 66 3.7 SGAC Supported Events 68 3.8 Financial Summary 72 Acknowledgements 4. Projects 78 4.1 Project Outcomes and Highlights 80 The SGAC 2014 Annual Report was compiled and 4.2 Space Technologies for Disaster Management Project Group 81 edited by Minoo Rathansabapathy (South Africa/ 4.3 Near Earth Objects Project Group 82 Australia), Andrea Jaime (Spain), Laura Rose (USA) 4.4 Space Law and Policy Project Group 84 and Arno Geens (Belgium) with the assistance of 4.5 Commercial Space Project Group 86 Candice Goodwin (South Africa), Justin Park (USA), 4.6 Space Safety and Sustainability Project Group 88 Nikita Marwaha (United Kingdom), Dario Schor 4.7 Small Satellites Project Group 90 (Argentina/Canada), Leo Teeney (UK) and Abhijeet 4.8 Space Exploration Project Group 92 Kumar (Australia) in editing.
    [Show full text]
  • People in the EU: Who Are We and How Do We Live?
    Statistical books People in the EU: who are we and how do we live? 2015 edition Statistical books People in the EU: who are we and how do we live? 2015 edition Europe Direct is a service to help you find answers to your questions about the European Union. Freephone number (*): 00 800 6 7 8 9 10 11 (*) The information given is free, as are most calls (though some operators, phone boxes or hotels may charge you). More information on the European Union is available on the Internet (http://europa.eu). Luxembourg: Publications Office of the European Union, 2015 ISBN 978-92-79-50328-3 doi: 10.2785/406462 N° Cat: KS-04-15-567-EN-N Theme: Population and social conditions Collection: Statistical books © European Union, 2015 Reproduction of contents other than photo is authorised, provided that the source is acknowledged. Copyright for the photos: foreword © European Union; other photos © Fotolia, 2015 For reproduction or use of these photos, permission must be sought directly from the copyright holder. Printed in Luxembourg PRINTED ON ELEMENTAL CHLORINE-FREE BLEACHED PAPER (ECF) Contents Contents Contents 3 Foreword 4 Abstract 6 Introduction 7 1. Demographic changes — profile of the population 21 2. Changing family life — portrait of household and family structures 43 3. Home comforts — housing conditions and housing characteristics 65 4. Native diversity — residents’ origin 87 5. Changing places — geographic mobility 113 6. An ageing society — focus on the elderly 133 7. Demographic challenges — population projections 157 Abbreviations 174 People in the EU: who are we and how do we live? 3 Foreword Foreword of Commissioner Thyssen Europe's ambition is to make sure that more than 500 million people can fully participate in society.
    [Show full text]
  • Parliamentary Debates (Hansard)
    Monday Volume 583 30 June 2014 No. 15 HOUSE OF COMMONS OFFICIAL REPORT PARLIAMENTARY DEBATES (HANSARD) Monday 30 June 2014 £5·00 © Parliamentary Copyright House of Commons 2014 This publication may be reproduced under the terms of the Open Parliament licence, which is published at www.parliament.uk/site-information/copyright/. 577 30 JUNE 2014 578 Mr Speaker: I call the hon. Member for Romford House of Commons (Andrew Rosindell)—[Interruption.] After the initiative of the right hon. Gentleman in bringing about the grouping and then in so graciously recollecting the fact Monday 30 June 2014 that he had done so, the hon. Member for Romford is sadly not with us. The House met at half-past Two o’clock Mr Pickles: Perhaps I was prescient. Mr Speaker: Yes, the right hon. Gentleman might PRAYERS have been prescient. I am sure the hon. Member for Romford was told by the Department. If he was not, we are sorry. If he was, he should be here and we are sorry [MR SPEAKER in the Chair] that he is not. No doubt further and better information will become available in due course. Development (Brownfield Land) Oral Answers to Questions 2. Mr Marcus Jones (Nuneaton) (Con): What steps he is taking to encourage development on brownfield land. [904504] COMMUNITIES AND LOCAL GOVERNMENT 4. Chloe Smith (Norwich North) (Con): What steps he is taking to encourage development on brownfield land. [904507] The Secretary of State was asked— 10. Stephen Mosley (City of Chester) (Con): What Waste and Inefficiency steps he is taking to encourage development on brownfield land.
    [Show full text]
  • Changing the Culture of Financial Regulation: a Corporate Governance Approach
    Changing the Culture of Financial Regulation: a Corporate Governance Approach Thesis submitted in accordance with the requirements of the University of Liverpool for the degree of Doctor in Philosophy by Steven Ronald Cairns September 2014 1 | P a g e For Rhonda and John 2 | P a g e Acknowledgements First and foremost, I wish to express my sincerest gratitude to my supervisors, Dr Rob Stokes and Prof Anu Arora. Their patience and support throughout the entire process has gone beyond what is expected of any supervisory team, and for that I am truly thankful. It is amazing to think that this whole journey began with an email conversation six years ago around a failed bank and an unsuccessful furore into the city. Six years, and a few more grey hairs later, we are at the end of what has been a rollercoaster journey towards completion. I would like to take this opportunity to thank my partner Sarah Montagu, I am sure it hasn’t been easy putting up with me throughout this whole process and her selfless attitude and unconditional support has been the rock that the thesis has been built upon. I love you and couldn’t have done it without you. My gratitude also extends to my friend Bleddyn Davies. I will always appreciate our conversations; they kept me focused on the task at hand. I want to thank my Nan, Elsie May Nash, who has always believed in me no matter what I have undertaken, and for her steak pies that have gotten me through more than one late night session in the library.
    [Show full text]
  • Key Concepts in the Frontex and Exit
    Frontex and Exit Governance Dataveillance, civil society and markets for border control Lemberg-Pedersen, Martin; Joel Halpern, Oliver Publication date: 2021 Document version Publisher's PDF, also known as Version of record Citation for published version (APA): Lemberg-Pedersen, M., & Joel Halpern, O. (2021). Frontex and Exit Governance: Dataveillance, civil society and markets for border control. Advancing Alternative Migration Governance (AdMiGov) http://admigov.eu/upload/Deliverable_23_Frontex_and_Exit_Governance_Lemberg-Pedersen_Halpern.pdf Download date: 06. okt.. 2021 Key Concepts Advancingin the Alternative Migration Governance Frontex and Exit Governance: Dataveillence, Civil Society and Markets for Border Control Deliverable 2.3 Martin Lemberg-Pedersen & Oliver Joel Halpern 2021 This project has received funding from the European Union's Horizon 2020 research and innovation programme under grant agreement No 822625. The content reflects only the authors’ views, and the European Commission is not responsible for any use that may be made of the information it contains Publication information You are free to share and adapt the material if you include a proper reference. You may not use the material for commercial purposes. Suggested citation: Lemberg-Pedersen, M. and Halpern, O. J. (2021) Frontex and Exit Governance: Dataveillance, civil society and markets for border control. AdMiGov Deliverable 2.3., Copenhagen: University of Copenhagen. Available at http://admigov.eu Acknowledgments This paper has been written by Martin Lemberg-Pedersen and Oliver Joel Halpern, and peer- reviewed by Julien Jeandesboz. The views presented are those of the author(s) and do not necessarily represent the views of the institutions with which they are affiliated. Any enquiries regarding this publication should be sent to us at: [email protected] Table of content List of Figures ........................................................................................................................................
    [Show full text]
  • NEWSLETTER February 2014
    NEWSLETTER February 2014 the final step before the official Highlights in this issue Editorial launch of the strategy in late 2014. 1 February: Australians push 12 February was a Our member associations are as for dementia on G20 agenda busy month in active as ever: Portugal has Luxembourg and 11 February: ADI releases 17 opened yet another day care it appears that report on nutrition centre and new campaigns are this pace will 18 February: AE holds lunch 2 running in Denmark and France. continue during Romania held a successful annual debate in the European the whole year. Parliament conference and a dementia We are working seminar took place in the 20 February: Malta begins 12 on the 2014 Conference and also Norwegian Parliament. The Dutch consultation on national our annual publications. We have association is funding new dementia strategy also attended various meetings – research projects and Northern 20 February: Piramal’s 15 and have received an astonishing Ireland will soon see its first florbetaben approved by number of proposals to participate dementia-friendly communities. European Commission in new IMI and Horizon 2020 In the science world, IMI has 26 February: European 8 projects. rd named new experts to head its Parliament approves 3 EU Our first event of the year was a Health Plan Scientific Committee and lunch debate hosted by MEP AstraZeneca and Merck both Françoise Grossetête. The debate announced Phase 3 trials of their focused on the current and future respective BACE inhibitors. activities of IMI, presented by Executive Director Michel February also saw the launch of Goldman.
    [Show full text]
  • Scientific Publishing
    PhD-FLSHASE-2014-19 The Faculty of Language and Literature, Humanities, Arts and Education DISSERTATION Defense held on 17/10/2014 in Luxembourg to obtain the degree of DOCTEUR DE L’UNIVERSITÉ DU LUXEMBOURG EN SCIENCES DE L'ÉDUCATION by Philippe BLANCA Born on 22 February1970 in Châtillon sur Chalaronne (France) THE SCIENTIFIC JOURNAL IN THE AGE OF DIGITAL MULTIMODALITY Dissertation defense committee Dr Ch. Max, Dissertation supervisor Professor, Université du Luxembourg Dr Ch. Schommer, Chairman Professor, Université du Luxembourg Dr P. Hitzler, Vice-chairman Professor, Write State University, Dayton, USA Dr G. Kress, Committee member Professor, University of London Dr P. Caire, Committee member Professor, Université du Luxembourg The Scientific Journal in the Age of Digital Multimodality Page 1 Preface It is common to compare the process of completing a PhD dissertation with a journey. This is no different in the present case. From a personal point of view, this dissertation is an attempt to put together ideas and experiences coming from various contexts I was involved in over the past 15 years. In particular, my involvement as a member of the editorial board of the French multidisciplinary journal Le Croquant founded by Prof. Michel Cornaton in 1987 is pivotal. The present work is also the result of reflections related to readings in various domains (from poetry and literature to social sciences and philosophy) and discussions in connection with the organisation of scientific conferences fully integrating artistic events, such as music concerts, painting exhibitions and plays. Finally, these pages are the result of a long process of transformation of an initial question that has arisen from lively discussions and debates with friends – each of us, according to her or his preferences, celebrating or defending the unique values of words, sounds, drawings, images or photographs etc.
    [Show full text]
  • European Real Snapshot Autumn 2014
    EUROPEAN REAL SnapShot! Advisory Real Estate / Autumn 2014 Current developments in the key real estate markets in Europe Special focus: The Hotel Investment Market Content Germany 6 Historically low prime yields – will the rally in the German Hotel Market continue? United Kingdom 9 No let up in demand for UK real estate Nordic Region 16 Upswing is underway The Netherlands 20 Residential market boosts foreign investment Belgium 23 Stability in the market Luxembourg 26 Stable growth in a safe economy France 30 Big deals underpinned the market Switzerland 34 Real estate investment market loses momentum Austria 37 Robust market conditions Italy 40 Economy still fragile, but outlook optimistic Spain 44 At a stage of recovery CEE 46 Further recovery in the region may be jeopardised by the ongoing geopolitical crisis Russia 52 Under pressure, or an opportunity to buy in? Turkey 57 missing Good growth prospects Trends in the European Real Estate Investment Markets Global capital in the search for European real estate the same percentage throughout 2013. Retail secured an investments additional 2% share of investment volumes, increasing to Thank you for your interest in KPMG’s Real SnapShot. This 25% in H1 2014. In contrast, residential experienced some publication gives you an overview and insight into the softening, declining slightly from 16% of 2013’s market developments under way in the real estate markets across volume to 12% in H1 2014. Turning to our special focus Europe. sector for this issue, hospitality transaction volumes secured 8% of total investments made in the first half of the year. Momentum continues to build across these markets, with investment property transaction volumes delivering a 10% Y-o-Y growth for H1 2014 showed strong increases in retail year-on-year (“Y-o-Y”) growth to reach €89bn in the first half and office investment volumes (51% and 14% respectively).
    [Show full text]
  • Indicator D1. How Does Time Spent by Students in the Classroom Vary Over the Years?
    350 D1. HOW DOES TIME SPENT BY STUDENTS IN THE CLASSROOM VARY OVER THE YEARS? Indicator D1. How does time spent by students in the classroom vary over the years? Highlights In most OECD and partner countries, the number of hours of instruction in compulsory primary and lower secondary education does not change much from year to year. However, between 2014 and 2019 the instruction time regulations have changed at least once in a majority of the countries with available data. The total number of compulsory instruction hours in primary and general lower secondary education changed in three-quarters of the countries with available data between 2014 and 2019. The changes exceeded 5% in Australia, Denmark, Hungary, Lithuania, Portugal and Spain. Changes in instruction time regulations could influence one or more aspects of students’ compulsory instruction time: the number of grades in different levels of compulsory education, the length of school year and the distribution of compulsory instruction time by subject and/or by grade. Context Providing instruction in formal classroom settings accounts for a large portion of public investment in education. Countries make various choices concerning the overall amount of time devoted to instruction and which subjects are compulsory. These choices reflect national and/or regional priorities and preferences concerning what material students should be taught and at what age. These priorities and preferences may change over time to adapt to the changes in the society or education policy. Changes may also be implemented further to specific crisis, such as the pandemic due to COVID-19 (Box D1.2).
    [Show full text]
  • Designation of Payment Systems: Response to the Consultation
    Designation of payment systems: response to the consultation March 2015 Designation of payment systems: response to the consultation March 2015 © Crown copyright 2015 This publication is licensed under the terms of the Open Government Licence v3.0 except where otherwise stated. To view this licence, visit nationalarchives.gov.uk/doc/open-government-licence/version/3 or write to the Information Policy Team, The National Archives, Kew, London TW9 4DU, or email: [email protected]. Where we have identified any third party copyright information you will need to obtain permission from the copyright holders concerned. This publication is available at www.gov.uk/government/publications Any enquiries regarding this publication should be sent to us at [email protected] ISBN 978-1-910337-85-1 PU1774 Contents Page Chapter 1 Introduction 3 Chapter 2 The legislative framework: the Financial Services (Banking 5 Reform) Act 2013 Chapter 3 Designated payment systems 9 Chapter 4 Other payment systems 11 1 1 Introduction 1.1 The Financial Services (Banking Reform) Act 2013 (“the 2013 Act”) received Royal Assent on 18 December 2013. It created a new competition-focused, economic regulator for retail payment systems in the UK: the Payment Systems Regulator (PSR). In April 2014, the PSR came formally into being as it was incorporated as a subsidiary of the Financial Conduct Authority (FCA). It will be fully operational from 1 April 2015. The 2013 Act provides that the Payment Systems Regulator will oversee all payment systems used in the UK that are brought into its scope by being designated by HM Treasury.
    [Show full text]