Legal Services Bill [HL]

My Lords, I thought the noble Lord, Lord Kingsland, put it very well; better, in fact, than my speaking note. He is quite right about the approach that is taken and I am grateful for his support. On Question, Motion agreed to. 15: Page 27, line 1, leave out subsection (3) and insert- ““( ) In preparing a statement of policy, the Board must have regard to the principle that its principal role is the oversight of approved regulators. ( ) The statement of policy prepared under subsection (1) must- (a) take account of the desirability of resolving informally matters which arise between the Board and an approved regulator, and (b) specify how, in exercising the functions mentioned in that subsection, the Board will comply with the requirements of section 3(3) (regulatory activities to be proportionate, consistent and targeted only at cases in which action is needed, etc).””