Consultation outcome

Future Regulatory Framework (FRF) Review: Proposals for Reform

• From: HM Treasury
• Published: 9 November 2021
• Last updated: 20 July 2022 — See all updates

This was published under the 2019 to 2022 Johnson Conservative government

This consultation has concluded

Read the full outcome

Response to the Consultation

Ref: ISBN 978-1-5286-3646-9 , CP 737

PDF, 8.15 MB, 24 pages

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Detail of outcome

This document provides a summary of the key themes raised by respondents in response to the questions in the consultation and notes the government’s final policy position on the Future Regulatory Framework Review reforms. The government is legislating for these reforms through the Financial Services and Markets (FSM) Bill and further detail is available in the accompanying Bill documents.

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Original consultation

Summary

A consultation setting out the government’s proposals for adapting the UK regulatory framework for financial services to ensure that it remains fit for the future, and to reflect our new position outside the EU.

This consultation ran from
9am on 9 November 2021 to 11:45pm on 9 February 2022

Consultation description

The Future Regulatory Framework (FRF) Review was established to consider how the financial services regulatory framework should adapt to be fit for the future, and in particular to reflect the UK’s new position outside of the EU.

In his speech at Mansion House on 1 July 2021, the Chancellor set out the government’s vision for an open, green and technologically advanced financial services sector that is globally competitive and acts in the interests of communities and citizens across the UK. Delivering the outcomes of the FRF Review is a key part of achieving this vision.

This document sets out the government’s response to the feedback received on the previous consultation. It makes a series of proposals to deliver the intended outcomes of the FRF Review, building on the strengths of the UK’s existing framework.

This consultation will remain open for three months, and close on 09 February 2022. Please submit your responses to FRF.Review@hmtreasury.gov.uk.

Documents

Financial Services Future Regulatory Framework Review: Proposals for Reform

Ref: ISBN 978-1-5286-2990-4 , CP 548

PDF, 815 KB, 80 pages

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If you use assistive technology (such as a screen reader) and need a version of this document in a more accessible format, please email digital.communications@hmtreasury.gov.uk. Please tell us what format you need. It will help us if you say what assistive technology you use.

Published 9 November 2021
Last updated 20 July 2022 + show all updates

1. 20 July 2022

   Government Response added

2. 9 November 2021

   First published.