Member

The interaction between the Bill and the insolvency framework is already governed by established legal principles. A report within six months of Royal Assent would be unlikely to provide meaningful evidence about provisions that may not yet have commenced or had sufficient time to take effect. The Government will nevertheless monitor implementation of the new payment framework, including its operation where a purchaser enters an insolvency procedure, and will engage with the Insolvency Service and relevant sector departments should evidence of practical problems arise. For those reasons, I ask the noble Lord to withdraw the amendment.