Source · Select Committees · Industry and Regulators Committee

Recommendation 1

1 Paragraph: 34

It is claimed that the OfS’ statutory duties are clearly set out in legislation, but...

Conclusion
It is claimed that the OfS’ statutory duties are clearly set out in legislation, but they have been applied inconsistently and unequally. Given that the OfS’ duties are “have regard to” duties, with no sense of priorities, the regulator, and by extension the Government, have a large degree of freedom in choosing what to focus on. In our view, this creates confusion over the OfS’ objectives.
Paragraph Reference: 34
Government Response

A response document is linked to this report, dated 28 November 2023. Response attribution to this conclusion has not been verified. Read the response document ↗