On 30 January 2023, the House of Commons’ Treasury Sub-Committee on Financial Services Regulation published correspondence between itself and the PRA and FCA on proposed changes to sustainable investments, broadening access to financial advice, and changes to bank reporting requirements. In relation to its new sustainability labelling proposals, the FCA has stated that one third of funds currently claiming to offer sustainable products would not qualify, and another third would not apply to be regulated. As for its proposals to broaden access to financial advice, the FCA states that there is “strong appetite” from consumers for the proposals, but it refuses to say how much cheaper this service is likely to be, for fear of being seen to set a “regulator-approved price”.