Fifth Report - The Future Framework for Regulation of Financial Services

Select Committee
Treasury Committee HC 147 6 July 2021
Report Status Government responded
Conclusions & Recommendations 20 items (7 recs)
Source View on Parliament website
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
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Recommendations & Conclusions

1 results
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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