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Compensation Bill [HL]

My Lords, before the Minister sits down, it would be helpful if she could be a little more specific about who will be the regulator. I believe that that is the question that the House was hoping to have answered. I recognise that the Minister has said who the regulator will not be and that is most helpful. I hope the Claims Standards Council will have a useful continuing role to play. I hope this Chamber can send a message that the Minister intends the regulator to be effective and independent. There are a number of proposals, which we put to the Minister in Committee, about the FSA model. I recognise that the Minister cannot yet tell us the final decision, but I hope she is prepared to consider that model.