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Company Law Reform Bill [HL]

My Lords, I was basing my remarks in support of the amendment moved by my noble friend, on the statement reported in The Times today by Mr John Roundhill, chairman of Britain’s main registrars’ association, which said that the proposed reforms—that would be as they are in the Bill, not in the amendment—due to be debated in the House today would prove ineffective. Mr Roundhill went on to say that there is no way in which one can define a ““fit and proper”” purpose. From what the noble Lord has said from the Dispatch Box, I understand that he wants a return to what is in the Bill. That does not meet Mr Roundhill’s complaint at all. This is what my noble friend has been trying to do and it is why we need to think this through in order to get something really effective.