Financial Services and Markets Bill
Lord Elton (Conservative)
I have a small question for the Minister. I apologise for not giving him notice of it, but it is probably very simple to answer.
It is apparent from Clause 135 what happens when the takeover panel makes a rule and the authority decides to endorse it. What happens to the endorsement when the takeover panel decides to withdraw a rule? There seems to be a machinery for putting endorsements in place; I take it that there is a machinery for removing them. I dare say that it is only the size of the Bill and the limited time that has prevented me from finding it, but I do not know where it is.