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Consultations & legislation
24 May 2006
Consultation on the Government’s proposals to amend various provisions in the Financial Services and Markets Act 2000 (FSMA). The proposals will be implemented by a Regulatory Reform Order (RRO) made under the Regulatory Reform Act 2000 (RRA).
A formal consultation was launched on 5 December 2005 and closed on 5 March 2006. Thirty four responses were received, including proposals for new deregulatory measures. In light of these responses we now propose to modify some of our proposals, and to make some new proposals. As a result of the consultation and further analysis, we have decided not to pursue some of the proposals further – our reasoning for this is set out in text.
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