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

Regulators rethink D&I targets 'to avoid additional burdens on firms'

Regulators rethink D&I targets 'to avoid additional burdens on firms'

FCA and PRA to take different appraoch to diversity and inclusion

Linus Uhlig
clock 13 March 2025 • 2 min read
FCA's shelved name and shame policy 'deeply flawed from the outset'

FCA's shelved name and shame policy 'deeply flawed from the outset'

The decision to drop the policy described as ‘significant development’

Sahar Nazir
clock 12 March 2025 • 2 min read
SDR 'not easy' but has 'raised the bar' - FCA's Sacha Sadan

SDR 'not easy' but has 'raised the bar' - FCA's Sacha Sadan

More than 100 funds have adopted one of the four SDR labels

Cristian Angeloni
clock 12 March 2025 • 4 min read