The Association of British Insurers has welcomed the publication of the Financial Services and Markets Bill.
The ABI says the publication of the Bill confirms the Government's commitment to ensure carefully thought through legislation reaches the statute book as soon as possible.
But it has also emphasised the need for the Government to continue listening and responding to views on the Bill as it makes its passage through Parliament.
ABI director general Mary Francis says: "This is an important step towards the radical overhaul of financial regulation in Britain. We need to study the detail, but the Government has clearly sought to respond to many of the comments and criticisms put forward on the draft bill."