Source · Select Committees · Treasury Committee

Fifth Report - The Future Framework for Regulation of Financial Services

Treasury Committee HC 147 Published 6 July 2021

Report Status

Government responded

Conclusions & Recommendations

20 items (7 recs)

Source

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Government Response

AI assessment · 20 of 20 classified

Accepted 1

Acknowledged 7

Deferred 7

Not Addressed 5

Government response

Fourth Special Report: The Future Framework for Regulation of Financial Services: Responses to the Committee’s Fifth Report · published 20 Sep 2021

Read the government response ↗ Response on the Index

Recommendations & Conclusions

1 item

12 Conclusion Accepted

We believe that a measure of “ex-ante” scrutiny by Parliament is necessary.

Conclusion

We believe that a measure of “ex-ante” scrutiny by Parliament is necessary. But we do not believe that it would be proportionate for Parliament or its committees to carry out, as a necessary part of the rule-making process, the detailed … Read more

Government Response Summary

The government welcomes the committee's recommendation for a 'targeted approach' to parliamentary scrutiny of regulator activity, agreeing that it is a more appropriate model than detailed textual scrutiny.

HM Treasury

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