(7 months, 2 weeks ago)
Commons ChamberThe Bill is reasonably clear that the regulator considers not only those rules, but any other rules that it wishes to write into the rulebook. This will give us for the first time ever a subjective test set by the regulator, which can be enforced with statute backing it up.
The hon. Gentleman seems to be saying that it is a subjective test. I was asking whether there are any objective tests, because I think that is important in terms of fairness. Where are they objective, where are they subjective? Concepts such as competency can be interpreted both objectively and subjectively, and I would appreciate the Minister’s clarification of what he views as the Government’s position.