Member

My own experience both as a regulator and being on the receiving end of regulatory decisions is that clarity of the regulator’s remit is crucial, particularly when it comes to decisions on issues that can be challenged in the courts or tribunals. My worry is that, as it stands, the Bill is not sufficiently clear about the criteria to be used, particularly if the panel is eventually forced to decide between two final offers. In the amendment, we have tried to set out more clearly some of the factors that we suggest should be considered and the data that should be monitored over time.