Source · Select Committees · Treasury Committee
Recommendation 9
9
Deferred
Paragraph: 52
We will only be able to conclude with more certainty on the merits or risks...
Conclusion
We will only be able to conclude with more certainty on the merits or risks of activity- based regulation once the Government provides more details on their proposals in its next consultation.
Government response summary AI-generated
The government states it is considering the recommendations and will bring forward detailed proposals in a second consultation in the autumn, therefore deferring a detailed response until then to avoid prejudging the consultation.
Summary of the government's response below — read the verbatim text to verify.
Paragraph Reference:
52
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.
Read the full response on Parliament ↗