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Pre-Budget Report
05 December 2005
This Regulatory Reform Order proposes to reduce regulatory burdens on industry which stem from the Financial Services and Markets Act 2000, in particular removing restrictions, requirements, inconsistencies and anomalies which relate to how the Financial Services Authority (FSA) operates. This proposed Order should provide for better-targeted FSA regulation which is more risk-based, and includes proposals to remove unnecessary or disproportionate consultation burdens placed by the FSA on industry, and to enable the FSA to deregulate more freely by issuing waivers and modifications to rules in a wider range of circumstances.
'Regulatory Reform Order: a consultation on proposed changes to the Financial Services and Markets Act 2000' is available below in Adobe Acrobat Portable Document Format (PDF). If you do not have Adobe Acrobat installed on your computer you can download the software free of charge from the Adobe website. For alternative ways to read PDF documents and further information on website accessibility visit the HM Treasury accessibility page.
