My Lords, I will have another look at that. The noble Lord has a problem which I do not have to the same extent, but he makes a perfectly reasonable point and we will look at it.
The noble Lord, Lord Higgins, asked a couple of questions—one about cost and the other about international payments. The cost of the activities comes from the FCA budget and is therefore borne by the regulated population. It is not known at this stage
what the level of fees or the detailed budget will be. These will be determined by the FCA. The regulator will be concerned with UK payments systems only.