Another matter on which the Minister can help the Committee, whether now or in a few moments’ time, is that of liquidators. I suspect that he would be the first to agree that it would be helpful if the failure regime currently employed by Monitor was in front of both Houses when we consider the Bill and any regulations that may arise from it, particularly given that such regulations are subject to a negative resolution. I hope that he will be equally happy to make that failure regime available to the Committee.
The hon. Gentleman is aware that the failure regime is still a matter for discussion; therefore, I am not in a position to provide him with it. However, I can tell him that the time frame he asked about is annual.