Member

I turn to Amendments 86 and 87, in the name of the noble Lord, Lord Maude of Horsham. On his Amendment 86, I will take each proposed new principle individually. On his proposed new principle (h), we believe that this is covered through the regulatory principles already—in particular, principle (c) on proportionality, which gets to the heart of what he is proposing here. We believe that the aspects in proposed new principles (i), (j) and (k) are already covered by the duty in Clause (7)(2) to have regard to key secondary outcomes such as competitiveness and investment. There is nothing in the regulator’s regime that will preclude ambitious investment, provided that it is done sustainably. On proposed new principle (l), this is already achieved by Clause 88, which places restrictions on the disclosure of information.