UK: financial regulation reform - responses to Government consultation

HM Treasury has published the responses received in respect of its consultation paper A new approach to financial regulation: judgement, focus and stability: see here. A summary of the responses, and the Government's position on various matters raised in the consultation, is available here (pdf).

The summary confirms that the Government has decided that the UK Listing Authority will remain a part of the successor to the FSA's markets division within the new Consumer Protection and Markets Authority (CPMA). It is also confirmed that the FSA's criminal enforcement powers in relation to market conduct will be retained within the CPMA and will not be transferred to a new Economic Crime Agency.