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  Water Industry (Financial Assistance) Bill  - Clause 2 - Risk Managment Framework - Providing Financial Assistance for Water Infrastructure
  
  --- MOTION EFFECT ---
  
  @ MP voted aye to require the use of a specified risk management framework when providing financial assistance for the construction of water infrastructure. 
  @ MP voted no against requiring the use of a specified risk management framework when providing financial assistance for the construction of water infrastructure. 
  
  The majority of MPs vote against requiring the use of a specified risk management framework when providing financial assistance for the construction of water infrastructure. 
  
  MPs were considering the Water Industry (Financial Assistance) Bill[1]. The amendment rejected in this vote was:
  
  :Amendment 4, page 3, line 3, at end insertâ
  
  :â(5A) Financial assistance may only be given under subsection (1) if the financing of the infrastructure is being secured by a group company which has adopted the equator principles.â.
  
  Had the amendment not been rejected the additional subclause would have been added to clause 2 of the Bill[2] which was titled ''Financial assistance for major works'' and would have added a condition to when the Secretary of State may give financial assistance for the construction of water or sewerage infrastructure.
  
  The [http://en.wikipedia.org/wiki/Equator_Principles#The_Principles Equator Principles] form a risk management framework, adopted by financial institutions, for determining, assessing and managing environmental and social risk in projects and are primarily intended to provide a minimum standard for due diligence to support responsible risk decision-making. The Principles also include transparency and stakeholder engagement requirements.   
  
  ==
  
  * [1] [http://services.parliament.uk/bills/2010-12/waterindustryfinancialassistance.html Parliament's webpage on the Water Industry (Financial Assistance) Bill  (now an Act)]
  * [2] [http://www.publications.parliament.uk/pa/bills/lbill/2010-2012/0133/lbill_2010-20120133_en_2.htm#l1g2 Clause 2 of the Water Industry (Financial Assistance) Bill as at the time of the vote]
  
  
  --- COMMENTS AND NOTES ---
  
  (put thoughts and notes for other researchers here)
  