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Postal Services Bill [HL]

My Lords, Amendment 62 aims to apply the affirmative resolution procedure to any further regulations dealing with the scheme for the assessment, collection and distribution of contributions to a compensation fund. This would require Parliament formally to approve any proposals put forward by Ofcom before it could create such a scheme. Although the Bill already provides strict tests that must be met before a compensation fund may be set up, I can see some merit in the amendment and would like to consider it further with a view to returning to the issue at Third Reading. In addition, and in the light of other issues raised in Committee in respect of reporting and evaluation more generally on the universal service obligation, I would also like to give further consideration to the issue of reporting on the USO, again with a view to returning to it at Third Reading. On that basis, I hope that the noble Lord, Lord Hunt, is content to withdraw his amendment.