Legal Services Bill [HL]

I do not want to be misunderstood. I entirely understand the concerns of the consumer lobby and, rightly, it wants to see a system of regulation that is a great deal better than the one it has enjoyed in recent years. But this system essentially depends on the effectiveness of the approved regulator. The Government have accepted the Clementi philosophy, which requires them to trust the approved regulator. That trust should be reflected in the Bill but we do not believe that it has been. I shall of course withdraw the amendment but the noble Baroness knows that we shall return to these matters on Report. I beg leave to withdraw the amendment. Amendment, by leave, withdrawn. [Amendments Nos. 50 and 51 not moved.] Clause 31 agreed to.