The proposed power would have enabled the Treasury to make, amend or revoke regulators’ rules.
The Treasury Committee today publishes correspondence confirming the Government will not proceed with the proposed ‘call-in’ power in the Financial Services and Markets Bill.
The Committee took a large volume of evidence on the proposed power in recent weeks, including from:
Correspondence on the proposed call-in
power between Andrew Griffith, Economic Secretary to the Treasury, and
then-Interim Treasury Committee Chair Dame Angela Eagle can be found
here (Monday 31 October) and here (Tuesday 1 November).
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