Section 4 of Part 2 of the Anti-Terrorism, Crime and Security Act 2001 was recently used, as the noble Baroness indicated, to freeze the assets of an Icelandic bank. On the face of it, this does not appear to be appropriate legislation to use against a friendly state. However, I should make it absolutely clear that we, the Opposition, supported the Government's move. There is no doubt that the purpose of the legislation, in the light of its legislative history set out admirably by the noble Baroness, is, to a degree, an occluded one.
I think that there is merit in trying to seek greater certainty about the objects of this legislation. For that reason, I believe that the noble Baroness has made an important contribution to a debate which I know she intends to continue on Report.