Member

Amendment 82 in the name of the noble Viscount, Lord Younger of Leckie, would require all regulations to be subject to the affirmative procedure. In our view, Clause 22 already provides a balanced approach in which key regulations—those with significant policy impact—are subject to the affirmative procedure, which guarantees appropriate scrutiny when it is needed. However, it also allows for more technical or operational regulations to follow the negative procedure after the first use of the affirmative procedure. Requiring all regulations always to follow the affirmative procedure could delay minor but necessary adjustments, such as changes to data standards or transfer mechanics, which may need to evolve quickly as the consolidation infrastructure matures.