Better Regulation Update

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Better Regulation Update
Better Regulation

• Gillian Kiy
• FSA Better Regulation Team
• 020 7276 8394

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Regulatory Enforcement Sanctions Act 2008
Local Better Regulation Office
Primary Authority Scheme
Macrory Sanctions
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• Now up and running as a NDPB
• Retail Enforcement Pilot
• World-class delivery of regulatory services
• MoU with the FSA
• Rogers Review

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Primary Authority Scheme

• Test and refinement process
• How different from Home Authority scheme?
• Effect on enforcement work
• Definition of enforcement action
• BERR consultation

5
Macrory Sanctions

• FSAs view of sanctions
• Drawn-out access process
• How will they improve consumer protection?
• Local authority access

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Simplification Programme
SIMPLER REGULATION ? EASIER ENFORCEMENT ? BETTER
COMPLIANCE ? BETTER CONSUMER PROTECTION

• Have simplification measures saved resources for
  local authorities?
• Have they better targeted enforcement action?
• What about advice and guidance?