Lord Higgins (Shadow Minister, Economic Affairs; Conservative)
My Lords, it may be that the noble Baroness is anticipating later amendments on trustees and member trustees. However, what is not clear from the case she is now putting forward is its relationship to the debate we had the other day on the moral hazard clauses so far as concerns the clearance procedure. I understood the suggestion to be that in certain circumstances the board or the trustees might apply for clearance. Perhaps, in her reply, the Minister could make clear what the situation is.