At Spring Statement, the Chancellor announced HM Treasury’s Future Regulatory Framework Review.
The call for evidence is the first phase in a number of planned interventions by the Treasury to determine the long-term effectiveness of the regulatory regime. It will look at whether more can be done to better coordinate the work of each regulator and limit unnecessary burden.
The wider review will take stock of the overall approach to regulation of the financial services sector, including how the regulatory framework may need to adapt in the future, particularly in relation to the when UK leaves the EU.
It will remain open for three months, and close on 18 October 2019. Please submit your responses to FRF.Review@hmtreasury.gov.uk