Member

My noble friend Lord Maude is not here to speak to his Amendment 61A. It would make sure that, where possible—we spoke about this earlier—there are effective existing competition structures with their own regulatory rules, such as the rules on financial fair play. It says that, first and foremost, the regulators should look to those bodies and make sure that they are effective in what they are doing. If they are doing it and they have it covered, we should rely on them to carry on doing it rather than trying to come in over the top of them.