I beg to move amendment No. 108, in page 134, line 43, at end

insert

'( ) For the purposes of this Part, 'privileged communication' shall have the same meaning as in section 30 of the Competition Act 1998.'.

The amendment is about good housekeeping as much as anything. Indeed, in the light of the explanation that we heard under the previous group of amendments, I hope that the Under-Secretary will be happy to take this amendment on board on the basis that good housekeeping means that the 1987 Act and this legislation should have parallels. There is also a view that the issue of privileged communication should at least be married up with the Competition

Act 1998. It has more in common with the Bill than even the 1987 Act, which introduced the concept of banking privilege.

Our proposal is fairly straightforward. The concept of privileged communication should have the same meaning in the clause and the Bill as it does in section 30 of the 1998 Act. That change would avoid inconsistency, and I hope that it is not objectionable to the Under-Secretary.