Question to the HM Treasury:

To ask the Chancellor of the Exchequer, when she expects to receive the report on Mutuals from the Financial Conduct Authority and Prudential Regulation Authority.

In line with the government’s manifesto commitment to double the size of the co-operative and mutuals sector, the Chancellor announced measures to support the sector at Mansion House 2024. This included asking the Prudential Regulation Authority (PRA) and Financial Conduct Authority (FCA) to prepare a report on the mutuals landscape, to ensure that regulation for all mutuals remains proportionate and enables growth.

The report is expected to be published by the regulators before the end of 2025.