Legal Services Bill [HL]

I am listening with great interest to the Minister. These amendments would still mean that these firms would be regulated. I pay tribute to the Minister for her work in bringing forward the Compensation Act 2006; her light touch is legendary. But given that we have the Law Society with its existing regulatory requirements, why cannot we allow LDPs to continue under that particular regulator and regulatory regime rather than wait for a much more onerous and difficult-to-understand regime, which no doubt we shall discuss under later amendments?