Financial Services and Markets Bill: HL Bill 80 of 2022–23

Type: Lords Library Note (LLN-2022-0058) The Financial Services and Markets Bill is a government bill that would make wide-ranging changes to the regulation of financial services in the UK. It would implement the outcomes of the Future Regulatory Framework review by repealing retained EU law relating to financial services. It would transfer responsibility for these areas of regulation to the financial services regulators. Among other things, the bill contains provisions to enable the establishment of a regime to regulate stablecoins, a type of cryptoasset, and to protect access to cash.