---

Company Law Reform Bill [HL]

My Lords, I shall not repeat everything that the noble Baroness said about our thanks for how the Government have responded to the concerns expressed in Committee. We now have a workable series of clauses that respond to our original concerns. Although my name is not attached to Amendment No. 391A, the issue that remains—albeit one for which there should be an explanation—is from what point in time the damage accrues. In these sorts of cases, we will be dealing with loss or profit, which may continue over a long period—for example, if an audit mistake is made at point X but the claim is that the profits or losses occurred sometime after that. An explanation of that will be very valuable.