Member

Moving on, I will address the points made on the new transparency requirements. The noble Baroness, Lady Stowell, set out that she would like to see the reporting requirements revisited when an appropriate vehicle emerges to clarify how they operate in law. The delegated powers within the Enterprise Act do not allow these regulations to introduce a statutory requirement for the Secretary of State to report to Parliament on notifications received. I am grateful to the noble Baroness for her engagement on this matter. While there are no specific vehicles on the horizon that I am aware of, we will of course keep all our policies under review to assess their effectiveness. I will pass her suggestion on to the Minister in the other place who is responsible for these regulations.