Company Law Reform Bill [HL]

My Lords, the noble and learned Lord the Attorney-General is quite right that people—practitioners, or whoever they are—should be fearful of the criminal law when it has been passed into statute. However, I genuinely seek education from him. I am self-evidently not a lawyer, but I know that words spoken by Ministers and reported in Hansard—particularly those spoken by noble and learned Lords such as the Attorney-General—can be carefully studied in future years. I have never heard the term ““light-touch offence”” before. I thought an offence was an offence was an offence. What does ““light touch”” mean in this context?