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Legal Services Bill [HL]

This gives me the opportunity to give notice to the future Legal Services Board that, when its annual report is laid by the Lord Chancellor before Parliament—and I very much hope that we shall have the opportunity to debate it—we will want to check against all its activities that it has been a light-touch regulator. Therefore, we shall adjudicate on its performance in its first year on the principle of abstinence. The Legal Services Board can demonstrate to us that it has not interfered with the day-to-day regulatory business of the front-line regulators, but that it has genuinely developed a supervisory role and has intervened only when one of the front-line regulators was clearly failing. I say this in the hope that we will make that even clearer in the Bill at Report stage.