请帮我翻译一下

Some commentators have expressed concern that the new proposals represent a "hardening" of the Regulator's attitude towards clearance applications. In practice, however, many of the new proposals are either already implicit in the current clearance guidance, or represent the approach already adopted by the Regulator's office to clearance applications. It seems unlikely that the proposals, if implemented, will make much difference to applications for clearance

That latter prediction has certainly come true: trustees do now play a more prominent role in M&A deals - the current bid for Sainsbury's, and current discussions at EMI, being particularly high profile examples. But the clearance procedure operated by the Regulator has gone a long way to calm the fears of private equity sponsors. It ensures that deals can be done (almost) without concern that the Regulator will subsequently require shortfalls in the pension fund to be made good by the employer, or people "connected or associated with" the employer.

有论者担心，新的建议，代表了“强化了监管机构的审批申请方面的态度”。但在实践中，许多新的建议，就是已隐含在目前的通关的指导下，或代表已被监管机构的办公室审批申请采取的办法。
这似乎不大可能，这些建议如能实施，将带来多大的改变的审批申请
后一项预测，肯定成真：受托人现在发挥的并购交易更重要的角色-为塞恩斯伯里的，并在电磁干扰当前的讨论，尤其是高姿态的例子当前出价。但是，放行手续，监管经营已经走过了一条漫长的道路，以平静的私人股本保荐人的恐惧。
它确保交易可以做（几乎），而不用担心监管当局随后要求在养老基金的不足之处，必须由雇主或有联系“或”雇主相关的好。