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HANSARDFinancial Services (Implementation of Legislation) Bill [HL]I am happy to give that undertaking. I thank the noble Lord for his work on the committee and thank it for its report, which raises specific concerns. I will address those…08 Jan 2019HANSARDFinancial Services (Implementation of Legislation) Bill [HL]That is not the case. I accept that the noble Lord is presenting a caricature of the situation that proves a particular point, but of course that is not what will happen. First of…08 Jan 2019HANSARDFinancial Services (Implementation of Legislation) Bill [HL]I thank the noble Baroness for her intervention. There is a difference between the two elements and between the use of “adjustments” and the terms used earlier, “similar” and…08 Jan 2019HANSARDFinancial Services (Implementation of Legislation) Bill [HL]I am happy to do that. As the negotiations on these files continue, further amendments may be agreed, proposed or dropped that the Government will wish to domesticate or remove…08 Jan 2019HANSARDFinancial Services (Implementation of Legislation) Bill [HL]For the points I will come to in a minute, which the noble Lord has slightly pre-empted. Obviously he has read the wind-up speech I gave at Second Reading—the arguments about…08 Jan 2019HANSARDFinancial Services (Implementation of Legislation) Bill [HL]We will have the debate under the future group of amendments on equivalence. We are not setting here the test or the bar as one of equivalence. We are simply talking about the…08 Jan 2019HANSARDFinancial Services (Implementation of Legislation) Bill [HL]Equivalence is one of a range of considerations that could be taken into account at that point.08 Jan 2019