Clause 2 - Provision
Legislative and Regulatory Reform Bill
2:15 pm
Oliver Heald (Shadow Secretary of State for Constitutional Affairs & Shadow Chancellor of the Duchy of Lancaster (Assisted By Shadow Solicitor General), Constitutional Affairs; North East Hertfordshire, Conservative)
It is important that mergers can take place and it may be appropriate to do some of them by order, but why would it not be possible to amend clause 2(2)(a) so that it says, “confer functions on any person exercising a regulatory function”, which is how regulators are described later in the Bill? One understands that conferring functions on a regulator in a particular way to get mergers through might be a good idea, but why does the Bill not just say what I have suggested?