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Regulatory Enforcement and Sanctions Bill [HL]

My Lords, perhaps I may ask the Minister to clarify one point in relation to my noble friend’s amendment. He referred to the support that the Treasury would give to the LBRO. Was that de facto or de jure? Will it actually happen or is it bound to happen by law? Reading the ““Status”” paragraph in Schedule 1, I was struck that it was as close to saying that the LBRO is flying on its own as it could be without those words being used. The paragraph states: "““LBRO is not to be regarded as a servant or agent of the Crown … The property of LBRO is not to be regarded as the property of, or property held on behalf of, the Crown””." I understand that the Government may be forced to stand behind the LBRO but I should like to know whether they are bound to do so by law.