Written question asked by Ben Obese-Jecty (Conservative) on Friday, 10 October 2025, in the House of Commons. It was due for an answer on Tuesday, 14 October 2025. It was answered by Lucy Rigby (Labour) on Thursday, 16 October 2025 on behalf of the Treasury.
Financial Services: Digital Technology
- Question
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To ask the Chancellor of the Exchequer, with reference to the UK’s Modern Industrial Strategy, CP 1337, published on 23 June 2025, what progress she has made on reducing regulation for FinTech firms.
- Answer
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The Financial Services Growth and Competitiveness Strategy, part of the UK’s Modern Industrial Strategy, delivers on the Government’s mission to shape a regulatory environment for financial services that is proportionate, predictable and internationally competitive, embracing innovation and leveraging the UK’s Fintech leadership.
For example, the Strategy committed to make it quicker and easier for new firms to achieve regulatory authorisation, allowing them to conduct limited regulated activities with streamlined conditions, as well as the launch of the FCA and PRA’s Scale-Up Unit to enhance engagement with fast-growing, innovative regulated firms.
Secondary information
- Type
- Written question
- Reference
- 79173
- Session
- 2024-26
- Related items
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The UK’s Modern Industrial Strategy
Monday, 23 June 2025
Command papers
House of Commons
House of Lords
- Subjects
- Digital technology Financial services Regulation
- Link
- View this Written question on www.parliament.uk
Librarians' tools
- Timestamp
- 2026-01-15 18:52:00 +0000
- URI
- http://data.parliament.uk/writtenparliamentaryquestion/commons/2024-26/79173
- In Indexing
- http://indexing.parliament.uk/Content/Edit/1?uri=http://data.parliament.uk/writtenparliamentaryquestion/commons/2024-26/79173
- In Solr
- https://search.parliament.uk/claw/solr/?id=http://data.parliament.uk/writtenparliamentaryquestion/commons/2024-26/79173