Select committee: Financial Services Regulation Committee
Conclusion 23
1st Report - Naming and shaming: how not to regulate
Published 6 Feb 2025
Paragraph 122
Financial Services Regulation Committee FCA enforcement guidance consultation All items in this report Report on parliament.uk ↗ Inquiry on parliament.uk ↗
Conclusion (the committee's words)
We remain unconvinced that the FCA has adequately demonstrated how the proposals contained in CP24/2 Part 2 align with its secondary international competitiveness and growth objective. The FCA would have been wise to have consulted with the Government on the initial development of these proposals—that the previous Chancellor had to question whether the proposals were consistent with the secondary objective was deeply concerning.
From: Financial Services Regulation Committee, 1st Report - Naming and shaming: how not to regulate, paragraph 122, 6 February 2025
Government response
No government response is linked to this report.