Regulatory Enforcement and Sanctions Bill [HL]

My Lords, I briefly thank the Minister for his kind comments and, indeed, for his amendment. When we discussed this in Grand Committee, the noble Baroness, Lady Hamwee, suggested the idea of half less one. I tabled an amendment to this effect but when I played around with the practical implications for the structure of the board, it was clear that the original idea was better. Therefore, I shall not move my amendment and I am grateful to the Minister for adopting the proposal. On Question, amendment agreed to. [Amendment No. 5 not moved.]