New objectives and regulatory principles
Having left the EU, the government wants to ensure that the framework of objectives and principles that guide the regulators’ actions, particularly given their additional rule-making responsibilities, continues to set the right strategic considerations.
	As set out in the strategy document published alongside the Chancellor’s Mansion House speech in July 2021, the UK will continue to remain a global leader in promoting high international standards. Alongside this commitment, the government’s intention is to ensure that the financial services sector is delivering for businesses and consumers across the UK.
	The government considers that the regulators’ current objectives are each important in helping to deliver these outcomes. Robust regulatory standards encouraged by these objectives are the cornerstone of the UK market’s attractiveness, and the stability and soundness of the UK’s market remains an important priority for the government.
	The government therefore considers that the regulators’ existing objectives set broadly the right strategic considerations and wants to maintain the regulators’ focus on these objectives.