BVRLA responds to Treasury consultation on future regulation of financial services

HM Treasury has consulted on its third phase of the Future Regulatory Framework (FRF) Review, which looks at the post-EU regulatory approach for the financial services sector.

The BVRLA has engaged with the consultation at each stage of the process.

In this response, the BVRLA agreed with the proposed approach of shifting power away from legislation into the hands of the regulators. The BVRLA highlighted that the scope of this approach must be applied across aspects of UK legislation, such as Consumer Credit Act reform, in addition to retained EU legislation.