I seek clarification as to the precise role of the new Office of Rail Regulation. I presume that the rail regulator will have been involved with the present COTIF, and that he will be working with the European Union to set the standards for the COTIF regulations that we hear will be forthcoming under part 6. It would be timely to have some clarification of what will be the duties and responsibilities of the Office of Rail Regulation, as it is by no means clear.
This little clause is consequential upon the creation of the Strategic Rail Authority under the Transport Act 2000. The amendment made by clause 101 will ensure that the Office of Rail Regulation has regard to the financial position of the Strategic Rail Authority for all of its duties, rather than concentrating on franchising alone. It is clearly correct that the Office of Rail Regulation should do that. The rail regulator has precisely the same duties.
Question put and agreed to.
Clause 101 ordered to stand part of the Bill.