FS Sector Strategy: Regulatory Environment - Cross-Cutting Reforms
Read the full outcome
Detail of outcome
This document provides a summary of the key themes raised by respondents in response to the questions in the consultation and notes the government鈥檚 final policy position on the proposals within the consultation. The government will bring forward primary legislation to deliver the reforms when Parliamentary time allows.
Original consultation
Consultation description
This consultation forms part of the government鈥檚 Financial Services Growth and Competitiveness Strategy. It covers a number of changes the government is proposing in relation to the overarching regulatory framework for financial services.
These proposals are designed to ensure that the framework is effective and proportionate and in line with the government鈥檚 overall ambition on regulation. This includes:
- Shorter statutory deadlines for the regulators to determine key applications.
- A requirement for the regulators to produce long-term strategies with clear goals and priorities.
- Rationalisation of how various legislative 鈥渉ave regards鈥� feed into regulator policymaking.
Documents
Updates to this page
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Consultation outcome added.
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First published.