Source · Select Committees · Treasury Committee
Recommendation 8
8
Deferred
Paragraph: 51
Regulating a company as a whole rather than by activity carried out should provide greater...
Conclusion
Regulating a company as a whole rather than by activity carried out should provide greater flexibility to regulators to respond to new activities as they develop, rather than needing new activity-specific principles or frameworks each time a new activity emerges.
Government response summary AI-generated
The government is considering the committee's recommendations alongside consultation responses and will bring forward detailed proposals in a second consultation in the autumn, thus deferring a detailed response.
Summary of the government's response below — read the verbatim text to verify.
Paragraph Reference:
51
Government Response
Deferred
HM Government · verbatim extract
Deferred
The government is considering the recommendations made by the Committee, alongside the responses to the Financial Services Future Regulatory Framework Review Consultation, which closed on 19 February 2021. The government will bring forward detailed proposals in a second consultation in the autumn. I therefore do not intend to respond in detail to each recommendation in this letter, as doing so would pre-judge that consultation. However, having noted your recommendations with interest, I would like to take this opportunity to reiterate some of the points I raised during my evidence session with the Committee.
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