OTS legislation
The legislation to put the OTS on a permanent, statutory basis has been published as part of the draft Finance Bill
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Following the Chancellor’s announcement in the Summer Budget that the OTS is to be made permanent and put onto a statutory basis, the government has published draft legislation and explanatory notes, as part of the draft Finance Bill 2016 material published on 9 December. The clauses give effect to the Chancellor’s commitment and expand the OTS’s role.