text_body: --- DIVISION TITLE ---
  
  Bank of England and Financial Services Bill - Banks Authorised to Issue Banknotes
  
  --- MOTION EFFECT ---
  
  
  @ MP voted aye to enable the set of banks authorised to issue banknotes to expanded. 
  @ MP voted no against enabling the set of banks authorised to issue banknotes to expanded. 
  
  The majority of MPs voted against enabling the set of banks authorised to issue banknotes to expanded. 
  
  MPs were considering the Bank of England and Financial Services Bill[1]. 
  
  The amendment rejected in this vote was:
  :Amendment 4, in clause 36, page 34, line 15, at beginning insertâ
  
  :â( ) Subject to the provisions of subsection (3A).â
  
  The amendment was accompanied by the following explanatory note:
  
  :This amendment and amendment 5 would enable Lloyds Banking Group, the holder of the Bank of Wales trademark, to issue banknotes in Wales.
  
  The amendment would have impacted Clause 36 of the Bill[2] titled: ''Banks authorised to issue banknotes in Scotland and Northern Ireland''. As it stood the Bill sought to restrict authorisations to issue bank notes to banks in the same group as those already authorised. 
  
  Section 3A would have been introduced by amendment 5[3] which was not the subject of this vote, that amendment stated:
  
  :Clause  36,  page  34,  line  44,  at end insertâ
   		
  :â(3A) Regulations under subsection (1) must make provision authorising Lloyds. Banking Group to issue banknotes in Walesâ.
   
  Despite the title of the clause referring to "Scotland and Northern Ireland" it appears to apply to any parts of the UK specified in regulations made under it. 
  
  
  ==
  
  * [1] [http://services.parliament.uk/bills/2015-16/bankofenglandandfinancialservices.html Parliament's webpage on the Bank of England and Financial Services Bill (now an Act)]
  * [2] [http://www.publications.parliament.uk/pa/bills/cbill/2015-2016/0139/16139.pdf Version of the Bill to which the amendment relates, PDF required for applicable page numbering.]
  * [3] [http://www.publications.parliament.uk/pa/bills/cbill/2015-2016/0139/amend/bank_day_rep_0418.8-12.html Page of amendment paper containing this amendment]
  
  
  
  --- COMMENTS AND NOTES ---
  
  (put thoughts and notes for other researchers here)
  