Lead member
Lord Agnew of Oulton
Conservative, Life peer
Lords
Decision
Not moved
The amendment was not moved. The House was not invited to take a decision on it (though it may have been debated with other amendments).
Amendment text
Clause 102, page 79, line 20
leave out “the Consolidated Fund” and insert “a fund established by the Secretary of State for the purposes of tackling economic crime (see section 1132B)”
Member’s explanatory statement
This amendment ensures that fines imposed by Companies House go to the economic crime fund rather than the Consolidated Fund (The Treasury). The principle of ring-fenced fines has been agreed with the Treasury in previous instances such as The Gambling Commission (2017), Ofwat (2019), The Information Commissioner (2022), and The Environment Agency (2022).