Moved by
Baroness Noakes
37: Clause 18, page 29, leave out lines 34 to 36 and insert—
“(3) In complying with the duty in subsection (1) the relevant regulators must ensure that any information or other requirements imposed on a critical third party minimise, so far as is reasonably practicable, the burden placed on the critical third party.”
Member’s explanatory statement
This amendment shifts the emphasis from burdens on regulators to burdens on third parties.