Deposit Takers Bill

Members, we come now to our final debate: clauses 1 and 2. This is the debate on clauses 1 and 2, title and commencement.

It would be useful for the Minister to just identify why, under clause 2(3), the commencement date for “Any part of the Act that has not come into for by”—originally, it was the fifth, and now it’s been amended to “the sixth anniversary of Royal assent”. Maybe it would be useful just for the Minister to state why that has occurred, because that’s obviously important in terms of its implementation date.

We’ll let you know.

Clause 1 agreed to.

The question is that the Minister’s amendments to clause 2 set out on Supplementary Order Paper 361 be agreed to.

Amendments agreed to.

Clause 2 as amended agreed to.

Bill to be reported with amendment.