Member

48: Clause 17, page 22, line 13, at end insert— “(za) in paragraph 19 (PRA annual reports), in sub-paragraph (1), after paragraph (bza) (inserted by section 16(7)) insert—“(bzb) its consideration of the proportionality regulatory principles (see section 3B(1A)),”;”Member's explanatory statement This amendment would require PRA annual reports to include its consideration of the proportionality regulatory principles (as defined in the amendment in the name of Lord Pitt-Watson to clause 17 at page 22, line 3).