Government consultation detaches UK regulation from the EU post-Brexit

FCA and PRA acting as two separate entities

clock • 2 min read

The Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA) will be awarded new powers as the UK detaches from EU frameworks post-Brexit, according to a government consultation.

The consultation, The Financial Services Future Regulatory Framework Review: Proposals for Reform, sets out government plans to maintain the current regulatory structure in the UK, with the FCA and PRA acting as two separate entities with delegated responsibilities. The two bodies will need to consider how the financial services industry in the UK can grow and compete internationally when setting out new rules on how to thwart malpractice, the Treasury said in a statement. "The plans would require the FCA and the PRA to consider both the implications for growth and international compe...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Regulation

FCA complaints: Pensions and investment gripes on the rise

FCA complaints: Pensions and investment gripes on the rise

Total number of financial services complaints hits 1.85 million

Jenna Brown
clock 23 October 2025 • 1 min read
Updated: Failed financial advice firms tracker

Updated: Failed financial advice firms tracker

Firms that the FSCS has confirmed as failed since the start of 2023

Professional Adviser
clock 21 October 2025 • 1 min read
Regulatory pressure continues to 'weigh' on advisers

Regulatory pressure continues to 'weigh' on advisers

Consumer Duty and FCA reporting cited as biggest regulatory demands

Jenna Brown
clock 20 October 2025 • 1 min read