Member

Amendment 186 in the name of my noble friend Lord Markham seeks to limit to one month the period in which the regulator must make a determination under Clauses 28 and 29. We have heard concerns expressed across the Committee about the risks of overregulation and mission creep, and this amendment seeks to probe the Government’s intention regarding these judgments. As I hope the Government will appreciate, as is the case in any regulated sector, timely decision-making is crucial to prevent the regulator hampering good governance or having the sort of chilling effect that we want to avoid.