Member

The noble Lord, Lord Moynihan, and others also raised questions about specific clubs and whether current owners of specific clubs will be tested under this guidance. It is not for the Government to prejudge the regulator’s assessment of who meets the definition of an owner. Simply because an incumbent individual meets the definition, including if they exert significant influence or control, does not mean the regulator is required to test them. It may test an incumbent owner if there are grounds for concern about their suitability, but it would be inappropriate for the Government to prejudge this.