Member

Finally, the Economic Crime and Corporate Transparency Act 2023 regulations introduce necessary technical changes to ensure that the wider regime operates effectively. We are quite content with them; I will not rehearse all the various provisions, but I would be grateful if the Minister committed to keeping the House as informed as possible on the progress being made. We live in an increasingly challenging economic climate, and trust in business is vital. A robust and transparent corporate framework is not just an anti-fraud tool but a foundation for growth. When businesses know that the playing field is level and bad actors cannot hide behind shell companies, entities or anonymity, the market system can function more efficiently. The noble Lord, Lord Sikka, went into that in forensic detail, and I am sure that the Minister will answer in equally forensic detail.