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Regulatory Enforcement and Sanctions Bill [HL]

I hope that I am not, but I take the noble and learned Lord’s point. For example, a minor breach of a licence—having forgotten to put it in in time—might well be a prescribed amount whether it is for a massive multinational undertaking or a small business. However, there will also be carefully prepared criteria so that the regulator—and the noble and learned Lord is concerned about what they may do—will have to look at the criteria set down in order, decide which apply to this case and which do not, and then make his decision about the amount due on the basis solely of the criteria. We do not have the criteria before us, which is a disadvantage. They will come much later. If he has not dealt with the criteria in an appropriate way, there will be a remedy for business; first, it can ask the regulator to look again, and in practice that will be a different regulator, more senior than the one who took the decision, and if that is not satisfactory, it will be able to go to an independent tribunal.