Source · Select Committees · Industry and Regulators Committee
Recommendation 51
51
Paragraph: 268
The relationship between regulators and those they regulate needs to be finely balanced, as the...
Conclusion
The relationship between regulators and those they regulate needs to be finely balanced, as the danger of regulatory capture is ever present. However, there must be an open and frank dialogue between regulators and those they regulate, providing clarity for industry on regulatory requirements and giving regulators a better picture of developments in their sectors.
Paragraph Reference:
268
Government Response
A response document is linked to this report, dated 16 May 2024. Response attribution to this conclusion has not been verified. Read the response document ↗