The U.K. government has published a response to the Treasury Committee's report on the Financial Conduct Authority's perimeter of regulation. The Committee's Report is part of its ongoing inquiry, The Work of the Financial Conduct Authority, which is considering: (i) the timeliness in which the FCA is able to take action; (ii) the transparency of the FCA's work and decisions; and (iii) the scope of the FCA's regulatory perimeter.
The Committee made several recommendations to HM Treasury on the remit and powers of the FCA to enhance the understanding of consumers of the regulatory perimeter, reduce harm to consumers and mitigate against regulatory arbitrage. The Government has responded to the recommendations, including the following:
View the Government's response.
View details of the Committee's report.
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