The BVRLA has responded to HM Treasury's Future Regulatory Framework Review, which considers how the regulatory framework for financial services needs to adapt to be fit for the future and reflect the UK’s new position outside of the EU.
The consultation marks the launch of the second phase of the Future Regulatory Framework Review.
In its response, the BVRLA welcomes the review and sees that there are now to not only review EU legislation, but to also review UK legislation that may no-longer be deemed fit for purpose. This is an opportunity to ensure that UK financial services have clear, transparent, outcomes-led regulation by bodies which are accountable to Government.
Members interested in this ongoing workstream should get in touch with BVRLA’s Head of Policy and Public Affairs, Thomas McLennan.