Regulation of Financial Services (Land Transactions) Bill

The Minister is prudent to have regard to the importance of proportionality. Given the commitment that he has just made to proportionality and to keeping regulation to a necessary minimum, what assessment has he made of the merits of incorporating some of the provisions of the Regulatory Flexibility Act 1980 and of the Small Businesses Regulatory Enforcement Fairness Act 1996, both of which hail, as he knows, from the experience of the United States?