No, I don't. I don't think this should be left to regulations.
There's likely going to be a gap between the time the bill gets royal assent and those eventual regulations. Why don't we use the precautionary principle? Ban it now, and allow it as permitted by regulations. I think that's a far safer approach.
It will also require regulatory impact analysis. There is a balance to be met here. Why don't we get the actual numbers? Who's drawing the line?