Member

The amendment seeks to provide the regulator with an annual opportunity to reflect on how successful it has been in avoiding the negative consequences established by Clause 7(2). That echoes some of the provisions in Amendment 89 in the name of the noble Baroness, Lady Taylor of Bolton, which has broader scope and would require the regulator to publish a report detailing not just the extent of its success in discharging its duties but how it has achieved its objectives and complied with the regulatory principles. I rather support both those amendments.