Member

Amendments 188 and 189, also tabled by my noble friend Lord Markham, seek to insert the word “only” into Clauses 34 and 35. That is to link up the wording used in the Explanatory Notes and in the Bill, thereby limiting the ability of the regulator to investigate incumbent owners and officers. This will guarantee that the regulator can exercise its powers under Clause 34 or 35 only if it is in possession of information that gives it cause for concern. The tightening of the language here can only benefit the Bill.