I do have a note on interface bodies, which I am happy to include for the benefit of my hon. Friend. However, he will be aware that this is a technical and complicated area. If he wants to pursue a further discussion, I would of course be happy to oblige. I can tell him that the amendments will ensure that smart data schemes can replicate and build on the open banking model by allowing the Government to require interface bodies to be set up by members of the scheme. Interface bodies will play a similar role to that of the open banking implementation entity, developing common standards on arrangements for data sharing. Learning from the lessons and successes of the open banking regime, regulations will be able to specify the responsibilities and requirements for interface bodies and ensure appropriate accountability to regulators. I hope that that goes some way to addressing the point that he makes, but I would be happy to discuss it further with him in due course.
I believe these amendments will generally improve the functioning of the Bill and address some specific concerns that I have identified. On that basis, I commend them to the House.