On 28 November 2023, there was published on legislation.gov.uk The Financial Services and Markets Act 2023 (Panel Remuneration and Reports) Regulations 2023.
These Regulations, which come into force on 26 December 2023, are intended to ensure that the Financial Conduct Authority, Prudential Regulation Authority, and the Payment Systems Regulator can remunerate members of certain statutory panels for their work on the panel. It also requires FCA Cost Benefit Analysis Panel, the PRA Cost Benefit Analysis Panel and the FCA Consumer Panel to produce and publish annual reports on their work. HM Treasury will be required to lay these reports before Parliament.