My Lords, I thank all noble Lords who have spoken on this. There seems to be a large measure of agreement, and enthusiastic endorsement of the fact, that the ICAI is the body that is fit to do this. I was particularly grateful for my noble friend’s recommitment to the role that ICAI can play here. “Highly likely” falls somewhat short of a slamdunk, but at this stage it is probably satisfactory. We hope that the words both from the Front Bench and from the noble Lord, Lord Purvis, the proposer, will carry weight as we move forward on the Bill. I beg leave to withdraw the amendment.
Amendment 22 withdrawn.
Amendments 23 and 24 not moved.
Clause 6: Short title, commencement and extent
Moved by Lord Butler of Brockwell
25: Clause 6, page 3, line 1, leave out subsection (2) and insert—
“(2) This Act comes into force on such day on or after
(2A) A statutory instrument containing regulations under subsection (2) may not be made unless a draft of the instrument has been laid before and approved by a resolution of each House of Parliament.”