Company Law Bill [HL]

I understand the point that the Minister is making. However, I am not sure that in his remarks he has dealt with my point about the clause permitting redenomination, subject to conditions. If in fact this is restricted to the 15-day period referred to, it clearly significantly limits the conditions that in practice can be applied to the redenomination. For that reason I suggested a longer period. I have no pride in three months; I just think that in practical terms 15 days is too short. I certainly would not go so far as the year that the noble Lord, Lord Hodgson, suggests because of the spot-rate point. I just think that in practical terms, if you are permitting conditions to be applied to the redenomination, 15 days is too short. I hope that, before we come back to this, the Minister could give some thought on whether 15 days is too short a period.