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Regulatory Enforcement and Sanctions Bill [HL]

The Minister has lifted a further veil on the Government’s position, because what we have been told hitherto was that the regulators had said that they did not want the powers, because they were sufficient already—and therefore that was it. If the Minister is saying that not he, but his officials, have looked in detail at what particular civil and criminal sanctions the regulators believe they have that are just as good if not better than the sanctions they would have under the Bill, it would be helpful for the Committee if the result of that work could be made available to us in written form before we debate this matter on Report. As I said, he has lifted the veil, we would like to see the—well, perhaps I had better not pursue the metaphor any further. He knows what I mean. On that basis, I am happy to withdraw the amendment.