Compensation Bill [HL]

moved, as an amendment to Amendment No. 31, Amendment No. 32:"Line 4, leave out paragraph (a) and insert—" ““(a)   if that person has applied to the Secretary of State for exemption under section 4,”” The noble Lord said: My Lords, these are sensible revised proposals. However, bearing in mind that waivers may be granted by the regulator, I am not certain how either the regulator or the Secretary of State will know in advance whether he intends to exempt the person under Section 4, as the current draft reads. It seems to me that it might be better that the power to grant a waiver should be restricted to people who have already applied for an exemption. I beg to move.