This one is for the purists. All I can say is that I've taken detailed advice from our advisers in terms of the legal requirements. It's often the case that the Government will say, 'Ah, if you emphasise this by putting it on the face of the Bill, it will cause ambiguity elsewhere where you've not done the same', and you'll have this massive Bill, all of a sudden, because you want to make doubly sure.

This is about ensuring that the new regulatory frameworks are going to be effective. The weight, as I said, on them is going to be much, much heavier than it was previously. We accept that we're doing this not from our own free will, but because the Office for National Statistics requires it because of—and in fairness to them—international accounting standards, and that has an effect on international organisations and how they determine the level of public expenditure in Britain and other such matters. But it's really important that we give this area of the Bill the importance that it deserves, and we can do that by making it very clear in terms of its status as an enactment.

I have to say, in terms of UK Finance, I think their original advice stands: what do you do about those more distant finance sources and investors that may be put off if they feel there's a level of ambiguity and the nature of the regulatory framework will not be strong enough to ensure proper good governance? And that could have an effect on all our housing targets in the social housing sector.

Now, in fairness, the Minister has shared with me the exchange of e-mails with UK Finance and I welcome that; it's open government, but it is fairly cursory, I have to say. FootnoteLink This happened in late March. It's an e-mail detailing why UK Finance needn't be worried, and that runs to a little over half a page of A4 not closely typed, and then they get, a week later, a one-liner back from UK Finance. Well, I have to say, that doesn't quite satisfy the obligations of scrutiny that I think fall upon this Assembly. And frankly, if you're relying on that, it should've been perhaps made available to the Assembly more widely—