Compensation Bill [HL]

moved Amendment No. 18:"Page 3, line 42, leave out ““, or enable the Regulator to provide,””." The noble Baroness said: My Lords, I ““shall”” move this amendment. The amendment removes the role of the regulator from the exemptions provision in Clause 4 and is in part consequential on the amendments of the waiver provisions that I agreed to make in Grand Committee. We envisaged a clear role for the regulator in advising the Secretary of State of those persons or classes of persons who met the criteria for authorisation. This would have enabled him to make judgements about who fell within the broad terms of an order which described a particular class in general terms, for example advice agencies which comply with certain standards and advise the Secretary of State of those who met the criteria for exemption. The regulator will now of course fulfil this role under the waiver provisions as agreed. I beg to move.