Professions: Regulation

Department for Business, Energy and Industrial Strategy written question – answered on 26th July 2021.

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Photo of Baroness Hayter of Kentish Town Baroness Hayter of Kentish Town Shadow Spokesperson (Cabinet Office), Shadow Deputy Leader of the House of Lords, Shadow Minister (Business, Energy and Industrial Strategy) (Labour), Shadow Spokesperson (Cabinet Office, Constitutional and Devolved issues)

To ask Her Majesty's Government, further to the Written Answer by Lord Grimstone of Boscobel on 15 July (HL1644), which regulators covered by the Professional Qualifications Bill do not already have the powers to enter into recognition agreements with counterparts from other countries.

Photo of Lord Grimstone of Boscobel Lord Grimstone of Boscobel The Minister of State, Department for International Trade, The Minister of State, Department for Business, Energy and Industrial Strategy

The Professional Qualifications Bill will allow the relevant national authority to enable regulators to enter into regulator recognition agreements with their overseas counterparts. Such arrangements are led by regulators.

The existing powers available to regulators differ depending upon the relevant underpinning legislation. Some regulators may need additional powers to enter into recognition agreements, if regulators choose to do so. This will complement existing legislation. Some examples of regulators in this position include:

This list is not exhaustive, as not all government departments and regulators have assessed whether or not they deem that they have the powers to enter into regulator recognition agreements. We would expect engagement to be carried out with the relevant regulator before any regulations were laid to provide these additional powers.

The Government will continue to engage with regulators on the Professional Qualifications Bill, including on whether they may benefit from additional powers to enter into regulator recognition agreements.

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