Treasury has published feedback on its consultations on secondary legislation under the Financial Services Act 2012 (FS Act). In addition to the drafts discussed in the item below, it received comments on:
- guidance for bodies seeking designation as super-complainants; and
- the specification of financial institutions that are subject to the powers over parent undertakings.
Treasury does not plan any significant changes to the drafts following responses to the consultation although it undertook carefully to consider views on super-complaints before finalising the criteria. (Source: Treasury Feeds Back on New Framework)