My Lords, in begging to move that the fourth report of the Conduct Committee be agreed to, I shall speak also to the fifth report.
The Conduct Committee is committed to minimising the number of new editions of the Code of Conduct. These reports propose the first changes since May last year. As I have previously said at the Dispatch Box, I hope to appear here as infrequently as possible.
The code itself is 34 paragraphs long, but the guide is 208. Updating, clarifying and, wherever possible, simplifying remains a work in progress. The fourth report proposes a number of amendments, mostly minor, which the committee has considered in the last year.
First, the report recommends redrafting the scope provisions of the code to make them clear—and this is important—without changing the substance.
Secondly, the report proposes a change to the provisions, setting out what happens when a Member under investigation by the Commissioner for Standards leaves the House. Under current rules, the investigation would come to an end in nearly all cases. The report proposes that the commissioner should, in those cases, be authorised to complete a pre-existing investigation, but only if the Conduct Committee is assured that is in the public interest. I hope noble Lords can think of cases where we would judge that to be so.
Thirdly, the report proposes uprating the threshold for registration of shareholdings from £50,000 to £100,000. This is the first time the threshold has been updated since 2010.
Fourthly—and in this case the committee was responding to requests to look at this from Members of this House, from several noble Lords—the report sets out a way for them to register substantial private equity investments or corporate debt securities. We required some expert help in understanding these issues, which we sought. The provisions would now require Members to register such investments in category 4 and they establish a threshold for doing so.
Fifthly and finally, the report proposes some other minor changes to the code and guide, which are explained in the report.
I now turn to the committee’s fifth report. Earlier this year, the committee decided to review the provisions in the code and guide on parliamentary advice and services for the first time since they were agreed in 2009 and 2010. We were not seeking to tighten the rules, which have broadly worked well, but rather to ensure that they are expressed as clearly and logically as possible, so that all noble Lords understand them. To inform the review, we issued a consultation paper containing draft proposals, to which all noble Lords were invited to respond—28 did so, and I thank them for their thoughtful and helpful suggestions, some of which were incorporated into what we did. We also spoke the chair of the Committee on Standards in Public Life, my noble friend Lord Evans of Weardale.