(6 days, 16 hours ago)
Lords ChamberMy Lords, I hope that Amendment 180 will be much simpler, because is a bit niche and, dare I say it, anoraky in nature, for which I apologise. It would amend Clause 27 by removing subsection (7).
This subsection states that where a prospective owner or officer does not inform the regulator of their intention to become an owner or an officer
“as soon as reasonably practicable”,
that person must inform the regulator as soon as it is reasonably practicable. We probably understand the issue there. Not to mince my words, it is a slight tongue- twister. It is a bit confusing and nonsensical. In essence, it says that if someone has not told the regulator in the period when they were meant to, they must do so later
“as soon as reasonably practicable”.
I hope that this provision is a fairly simple one to tidy up. Again, I think we all understand the good intentions here, but I would be grateful if the Minister could clear that up. I will leave it to my noble friend Lord Moynihan to raise his amendments.
My Lords, I will be equally brief in proposing my Amendments 187ZA and 187ZB. The drafting of the Bill states that if the regulator takes too long to determine applications for new owners and officers, then the applicants are treated as not suitable under Clause 32(5), through absolutely no fault of their own. This is not aligned with practice in other regulated sectors. It could have an impact on that person wider than purely their involvement in the club and be detrimental to clubs that have only one potential new owner, who is deemed unsuitable purely because the regulator ran out of time.
The change that I propose to Clause 32(5) would reverse the consequence of excessive delay, addressing the inherent unfairness in the current drafting. This is aligned with how statutory time limits on mergers work, for example. If the CMA fails to make a decision within a specified timeline, the merger is automatically allowed. These are clarifying amendments; I very much hope that the Government will see benefit in improving the legislation by accepting them.