Further amendments to the FSM Bill have been published for debate in the Public Bills Committee. Among the suggested changes and additions are:
- a power for Treasury to direct a regulator to publish specified metrics, if the regulator does not already do so;
- a requirement that the FCA Cost Benefit Analysis panel must include at least two members external to FCA, Treasury or the BoE, and that it consider relevant representations from non-governmental bodies and industry associations; and
- a requirement for FCA and PRA to publish annually responses to representations made to them by their respective Cost Benefit Analysis panels.
This week, the Committee is sitting on 25 and 27 October.