---

Company Law Reform Bill [HL]

I am grateful to the Minister for the teaching on the takeovers directive. I have noted that. What gave rise to concern outside was that category C was separated from A and B; that is to say, it was not the Financial Services Authority or an equivalent body in an EU jurisdiction, and ditto for the Takeover Panel. It was the idea that category C was something completely different that gave rise to concern that there were a whole series of other bodies out there that people did not quite understand, which might be involved and therefore brought into this network. Can you have a network of gateways? I do not know. I will read carefully what the Minister said. In the mean time, I beg leave to withdraw the amendment. Amendment, by leave, withdrawn.