Amendment proposed: 28, in page 5, line 34, at end insert—

“(3) Before making regulations under this section, a Minister of the Crown must carry out an economic impact assessment of the proposed regulations, and conduct a consultation on the proposed regulations with any stakeholders whom the Minister of the Crown considers appropriate.

(4) The Minister of the Crown making regulations under this section must lay before each House of Parliament with a copy or draft of the regulations a copy of the relevant economic impact assessment and a report of the relevant consultation.”—(Peter Kyle.)

This amendment would require an economic impact assessment to be carried out before a Minister could make any provisions for the dual regulatory regime.

Question put, That the amendment be made.

The Committee divided: Ayes 205, Noes 293.

Question accordingly negatived.

Clause 9 ordered to stand part of the Bill.

Clauses 10 and 11 ordered to stand part of the Bill.