Member

Amendment 69A would require the Treasury to lay before Parliament a report on the implementation of supervision reform before the Act comes into force. The Government fully recognise the importance of transparency and effective implementation. The issues identified in the amendment, including transition arrangements, the proportionality of burdens on firms, support for the supervised population and stakeholder engagement are important considerations that are already being addressed through implementation planning. As I have already set out, implementation planning has been a priority throughout the development of these reforms.