Question to the HM Treasury:

To ask His Majesty's Government whether they plan to publish draft legislation on the oversight and regulation of the actuarial profession during this parliamentary Session.

In the King’s Speech in July 2024, the Government confirmed its intention to bring forward draft legislation setting out its proposals to create a new statutory regulator – the Audit, Reporting and Governance Authority (ARGA) – with a wider remit and the powers it needs to uphold standards in financial reporting in the UK.

A draft Bill and further information about the Government’s proposals for ARGA, including its responsibilities and scope, will be published in due course.