Member

Amendments 6, 11 and 19 take the alternative route. They say that if we must have alignment with foreign laws—there is a case for it in certain areas—why should the European Union be the only source of law that we seek to align with? EU regulation is not generally regarded as perfect in every respect, as is true of every country or territory’s regulation. After Brexit, we now have an opportunity to pick and choose. If we want to align with the regulations of another country, we can choose any high-standard country with which to do so. We can link to more than one set of regulations if we wish. That is the purpose of these amendments—to allow similar cross-references to align with the laws of a defined list of broadly western territories and countries that have the same standards and approach to regulation as we do and to allow regulatory competition, potentially, to allow the best regulations to drive out the worst.