The HM Treasury (HMT) has updated its policy paper on its new approach to ensure regulators and regulations support growth. The paper was originally published on 17 March. The update includes an amendment in relation to action 2 of the paper, which seeks to reduce uncertainty across the UK regulatory system by working with regulators to achieve clarity on their roles, approach and processes. The amendment confirms that HMT will review the Financial Conduct Authority and Prudential Regulation Authority key performance indicators to ensure they are as ambitious as possible, to provide faster, more proportionate authorisations.
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