Member

We believe the addition of “success”, as per Amendment 209, to this clause would not serve any purpose, other than potentially confusing an aspect of the legislation, given that the word “success” itself is not clearly defined. As I have already mentioned, this would widen the scope—which a number of noble Lords have asked us not to do—requiring the regulator to become actively involved in further areas to ensure success. This could lead to a much more interventionist regime, and, in our view, would. I am therefore confident that the criteria in the Bill for prohibited competitions are sufficient.