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Select committee: Industry and Regulators Committee

Recommendation 12

1st Report - Who watches the watchdogs? Improving the performance, independence and accountability of UK regulators Published 8 Feb 2024 Paragraph 85

Industry and Regulators Committee UK Regulators All items in this report Report on parliament.uk ↗ Inquiry on parliament.uk ↗

Recommendation (the committee's words)
The Government should ensure that it provides a strategic steer or policy statement to any regulator facing political or distributional trade-offs in its duties and objectives. These documents should be clear, concise and provide high-level guidance on how to prioritise between any duties or objectives that may conflict. We see merit in such guidance being issued once a Parliament, while noting the need for there to be flexibility in the face of urgent issues or crises.

From: Industry and Regulators Committee, 1st Report - Who watches the watchdogs? Improving the performance, independence and accountability of UK regulators, paragraph 85, 8 February 2024

Government response

A response document is linked to this report, dated 16 May 2024. Response attribution to this recommendation has not been verified. Read the response document ↗