Treasury sub-committee launched to scrutinise financial regulators post-Brexit

Additional Financial Services Scrutiny Unit

clock • 2 min read

The UK Treasury Committee has launched a sub-committee to scrutinise financial services regulatory proposals, as rule-making powers transfer to UK regulators post-Brexit.

The Sub-Committee on Financial Services Regulations will scrutinise proposals and have the power to summon witnesses, order the production of documents and agree reports, the Treasury Committee said. In its second report this session, Future parliamentary scrutiny of financial services regulations, it said that "at the very least" proposals that contain legal ramifications from the Financial Conduct Authority, the Prudential Regulation Authority and the Bank of England, should be assessed against their likely impact on providers and consumers. An examination of justification for polic...

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

Law, not likes: Cracking down on social media financial promotions

Law, not likes: Cracking down on social media financial promotions

‘Every individual social post or communication must comply with the rules’

Sarah Wylie and Owen McLennan
clock 28 October 2024 • 4 min read
How Labour can support investment management vibrancy

How Labour can support investment management vibrancy

The formation of a new government – now just over 100 days’ old – has brightened the spotlight on UK financial services regulation, writes IIMI CEO Dani Hristova

Dani Hristova
clock 28 October 2024 • 4 min read
Number of non-financial misconduct reports in the City spikes in three years

Number of non-financial misconduct reports in the City spikes in three years

FCA reveals survey results

Cristian Angeloni
clock 25 October 2024 • 4 min read