Years in the making, the landmark Financial Services and Markets Bill was finally tabled this afternoon as the last piece of legislation under the Johnson Government.
The Bill repeals the financial services framework inherited from the EU, offering regulators vast new powers to reform EU rules, the ability to devise new regimes on issues including issues including stablecoins and Critical Third Parties, among others, while establishing a new secondary objective for regulators to promote “economic growth and international competitiveness”.
To help your organisation understand this significant Bill and its wide-ranging implications, the H/Advisors Cicero team have written this overview highlighting key proposal across the financial services sector and the likely timeline for the Bill being made law.
Enter your details below to access H/Advisors Cicero’s overview of the UK Financial Services and Markets Bill 2022:
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