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Company Law Reform Bill [HL]

We discussed this in a similar context when we examined chapter 12 of Part 15, which related to the disclosure gateways around the Financial Reporting Council and the FRRP. Those gateways are similarly widely drawn to those in Schedule 2. We will wish to return to the issue in connection with chapter 15 on Report. I suggest to my noble friend Lord Hodgson that the similarities between this and the other disclosure requirements merit being looked at further. A number of gateways have been set up in legislation over the past few years that raise significant issues. The noble and learned Lord the Attorney-General and I have debated them in connection with another Bill, where we were concerned to ensure that the delegation levels were the right ones to put the appropriate controls around the gateway provisions. Similar issues may well arise in connection with this Bill, which is why we intend to return to the issue on Report.