Accountability of regulators Regulator engagement with HM Treasury, external stakeholders, and Parliament Engagement with stakeholders Strengthening the role of statutory panels Placing the Listing Authority Advisory Panel and the PRA Practitioner Panel’s insurance sub-committee on a statutory footing
The Act puts the FCA’s Listing Authority Advisory Panel and the PRA Practitioner Panel’s insurance sub-committee on a statutory footing. This is intended to ensure consistency across all panels and seeks to provide confidence for stakeholders that the currently voluntary practices of operating these panels will endure. The Act also seeks to clarify that the minimum requirements for the regulators in relation to both of these panels will be the same as for other statutory panels, including the appointment of a chair and the appointment of members.