Thanks for getting back to me. I think some people are in doubt because of the current government regulators and their lack of meaningful action in their markets - OFWAT and the water companies for instance.
But the IFR is a new organisation, with new legislation, so can be given the necessary powers. At the moment the consultation stage is ongoing for the Owners and Directors suitability tests. We've been mentioned in Parliament, the Sheffield MPs are on the case, and the House Of Commons can do *anything* it wants, even sell a football club against the owner's wishes - the only restraint for the government is whether it can get the IFR powers passed through the HoC and as there's a massive majority of MPs in favour, from all parties, there shouldn't be a problem.
We should know soon enough tho.