Reforms to Money Market Fund Regulations
Why linked: Reforms to Money Market Fund Regulations gov.uk announcement — directly maps to the WMSs already on the thread.
The Government and FCA announce plans to reform UK Money Market Fund Regulations.
The King's Speech 2026 bill for financial services reform, intended to support UK competitiveness, investment and the sector's contribution to growth while maintaining effective regulation.
Why linked: Reforms to Money Market Fund Regulations gov.uk announcement — directly maps to the WMSs already on the thread.
The Government and FCA announce plans to reform UK Money Market Fund Regulations.
Why linked: Official King's Speech legislative-programme source mentions this thread or its named Bill.
The full PDF of the King's Speech 2026 background briefing notes from the Prime Minister's Office, containing dedicated section on the Railways and Passenger Benefits Bill (p.75) setting out the rationale for establishing Great British Railways.
Why linked: The King's Speech 2026 and official briefing notes announce the Enhancing Financial Services Bill as part of the government's legislative programme.
The King's Speech 2026 bill for financial services reform, intended to support UK competitiveness, investment and the sector's contribution to growth while maintaining effective regulation.
Why linked: HMT-FCA performance review records — parallel accountability mechanism for FCA's competitiveness objective.
Records of the meetings between the Economic Secretary to the Treasury and the Chief Executive of the Financial Conduct Authority (FCA) to discuss the FCA’s performance.
Why linked: HMT-PRA performance review records — operational accountability evidence for the secondary competitiveness objective.
Records of the meetings between the Economic Secretary to the Treasury and the Chief Executive of the Prudential Regulation Authority (PRA) to discuss the PRA’s performance.
Why linked: FSMA 2023 Commencement No. 13 Regulations 2026; duplicate entry for commencement regulations.
This consultation sets out proposals for consolidating the Payment Systems Regulator within the Financial Conduct Authority.
Why linked: HMT policy paper extending the FSMA model of regulation to UK CRR — central plank of prudential reform under the Smarter Regulatory Framework.
Legislation to facilitate changes to the UK prudential banking framework, including implementation of Basel 3.1 and the Small Domestic Deposit Takers (SDDT) regime
Why linked: Designates Money and Mental Health Policy Institute under s.234C FSMA and s.68 FSBRA — operational example of the consumer-protection architecture the Bill modernises.
This Order designates the Money and Mental Health Policy Institute as a designated consumer body under section 234C(2) of the Financial Services and Markets Act 2000 (“FSMA 2000”) and a designated representative body under section 68(2) of the Financial Services …
Why linked: FSMA 2000 (Cryptoassets) Regulations 2026 — central Leeds Reforms cryptoasset SI; directly relevant to the Bill's modernisation agenda.
These Regulations establish a regulatory regime for certain cryptoasset activities pursuant to powers conferred by the Financial Services and Markets Act 2000 (c. 8)(“the Act”).
Why linked: Draft FSMA 2000 (Cryptoassets) Regulations 2025 instrument — the predecessor draft underpinning the cryptoasset perimeter SI.
The draft instrument laid before Parliament on 15 December 2025, specifying new regulated activities including issuing qualifying stablecoin and operating a cryptoasset trading platform.
Why linked: Statutory instrument amending Financial Services and Markets Act 2000 (Regulated Activities etc.) (Amendment) Order 2025 – implements regulatory reform
This Order amends the Financial Services and Markets Act 2000 (Regulated Activities etc.) (Amendment) Order 2025 (S.I. 2025/859) (“the 2025 Order”), which provides for certain deferred payment credit agreements, also referred to as “buy-now-pay-later” agreements, to become regulated credit agreements …
Why linked: PS25/15: Remuneration reform policy statement (FCA/PRA joint) – implements regulatory reform on remuneration rules for dual-regulated firms, directly relevant to SMCR and conduct reform
This joint Policy Statement with the Prudential Regulation Authority (PRA) sets out feedback and our final policy on changes to the remuneration rules for dual-regulated firms.
Why linked: CP25/25: Application of FCA Handbook for Regulated Cryptoasset Activities – regulatory reform extending FCA framework to new asset class
CP25/25: Application of FCA Handbook for Regulated Cryptoasset Activities
Why linked: Memorandum of Understanding on financial crisis management (HM Treasury, BoE, PRA) – establishes regulatory coordination framework within scope
Memorandum of Understanding between His Majesty’s Treasury, and The Bank of England and Prudential Regulation Authority in respect of Resolution Planning and Financial Crisis Management
Why linked: Filled the "Competitiveness reviews or industrial strategy documents naming financial services" gap via web research
This call for evidence will inform the development of the financial services sector plan, a key part of the government’s modern industrial strategy.
Why linked: Financial Services Regulators Complaints Commissioner Annual Report 2024-25 – oversight and accountability document on FCA/PRA operations relevant to regulatory governance
The annual report and accounts for the Financial Services Regulators Complaints Commissioner for the year ended 31 March 2025,and the responses provided by the Financial Conduct Authority and Prudential Regulation Authority.
Why linked: Statutory instrument: Financial Services and Markets Act 2000 (Regulated Activities etc.) (Amendment) Order 2025 on buy-now-pay-later – regulatory activity designation within scope
This Order provides for certain “buy-now-pay-later” agreements which are currently exempt agreements within article 60F(2) of the Financial Services and Markets Act 2000 (Regulated Activities) Order 2001 (S.I. 2001/544) (“the Regulated Activities Order”) to become regulated credit agreements within the …
Why linked: Memorandum of Understanding on Overseas Recognition Regimes (HM Treasury, BoE, PRA, FCA) – post-Brexit regulatory equivalence and divergence strategy within scope
Memorandum of understanding between HM Treasury, the Bank of England, the Prudential Regulation Authority and the Financial Conduct Authority on Overseas Recognition Regimes.
Why linked: Filled the "Post-Brexit financial services equivalence and regulatory divergence strategy" gap via web research
This guidance document outlines the principles and processes which govern the UK’s Overseas Recognition Regimes.
Why linked: PRA's Competitiveness and Growth second report 2024/25 – directly addresses embedding competitiveness objective within prudential regulation, core to Bill intent
The PRA’s second report on how it is embedding its secondary to facilitate, subject to aligning with relevant international standards, the international competitiveness of the economy of the United Kingdom (including in particular the financial services sector), and its growth …
Why linked: CP25/8: Data Decommissioning – FCA consultation on removing reporting requirements, regulatory simplification within reform agenda
We are consulting on a proposal to decommission certain regular returns and remove the relevant sections from in the FCA handbook.
Why linked: PS25/1: Reforming the commodity derivatives regulatory framework – FCA policy statement implementing regulatory reform
This Policy Statement (PS) sets out the FCA response and final position on the rules and guidance to be included in the FCA Handbook.
Why linked: CP25/2: Further Changes to Public Offers and Admissions to Trading Regime and UK Listing Rules – listing rule reform within scope for capital markets competitiveness
We're consulting on further proposals to support the Public Offers and Admissions to Trading Regulations (POATRs) and to change UK Listing Rules, following CP24/12 published in July 2024.
Why linked: CP25/2: Consultation on further changes to public offers and admissions to trading regime and UK Listing Rules – listing regulatory reform
We set out further proposals to support the new Public Offers and Admissions to Trading Regulations (POATRs) for companies admitting securities to regulated markets.
Why linked: Statutory instrument: Financial Services and Markets Act 2000 (Designated Activities) (Supervision and Enforcement) Regulations 2025 – FCA supervision and enforcement powers
These Regulations make amendments of the Financial Services and Markets Act 2000 (c. 8) (“FSMA 2000”) relating to the supervision and enforcement by the Financial Conduct Authority (“FCA”) of requirements imposed as a result of “designated activity regulations” (defined in …
Why linked: The Short Selling Regulations 2025 – financial instruments regulation replacing prior EU framework, regulatory reform instrument
These Regulations make provision about the short selling of shares and other financial instruments, and transactions which have a similar effect to a short sale. They replace Regulation (EU)236/2012 of the European Parliament and of the Council of 14 March …
Why linked: The Short Selling Regulations 2025 – duplicate entry, financial instruments regulation
These Regulations make provision about the short selling of shares and other financial instruments, and transactions which have a similar effect to a short sale. They replace Regulation (EU)236/2012 of the European Parliament and of the Council of 14 March …
Why linked: Financial Services and Markets Act 2023 (Addition of Relevant Enactments) Regulations 2024 - statutory instruments under FSMA 2023 framework
These Regulations add to the list of “relevant enactments” for the purposes of sections 13 to 17 of the Financial Services and Markets Act 2023 (c.29) (“the Act”). Under section 13 of the Act the Treasury may make regulations (an …
Why linked: PS25/13: The MiFID Organisational Regulation – FCA policy statement transferring MiFID requirements into FCA Handbook, post-Brexit regulatory reform
We summarise the feedback we received to CP24/24 and Chapter 4 of CP24/11 and set out our final rules to transfer the firm-facing requirements of the MiFID Org Reg into FCA Handbook rules.
Why linked: CP24/24: The MiFID Organisational Regulation – consultation on transferring MiFID Org Reg into FCA Handbook rules
We are consulting on proposals to transfer the firm facing requirements of the MiFID Org Reg into FCA handbook rules.
Why linked: The Consumer Composite Investments (Designated Activities) Regulations 2024 – designates new investment activity for regulatory framework
These Regulations designate activities in relation to consumer composite investments (“CCIs”) for the purposes of the Financial Services and Markets Act 2000 (c. 8) (“FSMA 2000”) (see Part 5A of FSMA 2000), replacing assimilated law revoked by section 1(1) of, …
Why linked: The Consumer Composite Investments (Designated Activities) Regulations 2024 – duplicate entry
These Regulations designate activities in relation to consumer composite investments (“CCIs”) for the purposes of the Financial Services and Markets Act 2000 (c. 8) (“FSMA 2000”) (see Part 5A of FSMA 2000), replacing assimilated law revoked by section 1(1) of, …
Why linked: The Financial Services Act 2012 (Relevant Functions in relation to Complaints Scheme) (Amendment) Order 2024 – amends regulator governance and accountability framework
Section 84 of the Financial Services Act 2012 (c. 21), required the Financial Conduct Authority (“FCA”) and other financial services regulators to establish a complaints scheme, for the investigation of complaints made in connection with their exercise of, or failure …
Why linked: PS24/6: Primary Markets Effectiveness Review – FCA policy statement on listing rules reform to support capital markets competitiveness
Primary Markets Effectiveness Review: Feedback to CP23/31 and final UK Listing Rules.
Why linked: The Financial Services and Markets Act 2000 (Disapplication or Modification of Financial Regulator Rules in Individual Cases) Regulations 2024 – extends regulatory flexibility powers to PRA
These Regulations provide for section 138BA of the Financial Services and Markets Act 2000 (“FSMA 2000”) (c. 8) to apply to any rules made by the Prudential Regulation Authority under that Act, except for rules excluded by section 138BA(3). Section …
Why linked: HM Treasury 'Next Phase' policy paper on Smarter Regulatory Framework (March 2024)—continuing legislative and regulatory roadmap
This note sets out the next phase of delivering a Smarter Regulatory Framework for the UK by replacing assimilated law on financial services.
Why linked: UK Listing Rules (consequential amendments) instrument 2024 – listing rules reform implementation
We have made this instrument in the exercise of the following powers and related provisions of the Financial Services and Markets Act 2000.
Why linked: UK Listing Rules instrument 2024 – listing rules reform implementation
We have made this instrument in the exercise of powers and related provisions in the Financial Services and Markets Act 2000.
Why linked: CP23/33: Consultation on payments to data providers and DRSP forms including bond CT framework – market infrastructure and conduct regulation
This Policy Statement summarises the feedback received and sets out our final position on the rules and guidance to be included in the FCA Handbook on the bond CT. It also provides some feedback on the discussion paper questions on …
Why linked: CP23/31: Primary Markets Effectiveness Review – detailed proposals for listing rules reforms
CP23/31: Primary Markets Effectiveness Review: Feedback to CP23/10 and detailed proposals for listing rules reforms.
Why linked: State of the sector: annual review of UK financial services 2023 — empirical baseline for competitiveness assessments.
This is the second annual report on the attractiveness and international competitiveness of UK financial services, prepared by the City of London Corporation, in partnership with HM Treasury.
Why linked: HM Treasury Delivery Plan for Smarter Regulatory Framework (July 2023)—implementation guidance and roadmap for regulatory reform
This plan sets out how the government is delivering a Smarter Regulatory Framework for the UK by replacing retained EU law on financial services.
Why linked: Investment Research Review (Rachel Kent review) – addresses competitiveness of UK investment research sector within financial services
The Investment Research Review, led by Rachel Kent, was launched on 9 March 2023, to consider levels of financial services investment research in the UK, and its contribution to UK capital markets competitiveness.
Why linked: UK-EU Memorandum of Understanding on Financial Services Cooperation June 2023 - post-Brexit regulatory alignment and equivalence strategy
On 27 June 2023, the UK and EU signed the memorandum of understanding (MoU) on regulatory cooperation in financial services.
Why linked: DP23/3: Review of the Senior Managers and Certification Regime (SM&CR) – discussion paper on SMCR reform within scope
In this joint Discussion Paper (DP) with the PRA, we are seeking input on potential ways to improve the Senior Managers and Certification Regime (SM&CR).
Why linked: HM Treasury policy paper 'Building a smarter financial services framework' (December 2022) setting out government approach to replacing retained EU law—core strategic document for the thread
This statement sets out the government’s approach to repealing and replacing retained EU law on financial services to deliver a comprehensive FSMA model of regulation tailored to the UK.
Why linked: Post-Legislative Scrutiny Memorandum: Financial Services – reviews implementation of Financial Services Act 2012 and related legislation
A post-legislative scrutiny memorandum covering the Financial Services Act 2012, the Financial Services (Banking Reform) Act 2013, and the Bank of England and Financial Services Act 2016.
Why linked: PS21/22: Primary Market Effectiveness Review – FCA policy on listing rules reforms supporting competitiveness
This Policy Statement summarises the feedback received to CP21/21, setting out our policy response to a review of the effectiveness of our primary markets.
Why linked: CP21/24: Diversity and inclusion on company boards (listing rules) – ESG governance reform within listing rules scope
We are consulting on a proposal to change our Listing Rules to require in scope companies to disclose publicly in their annual financial report whether they meet specific board diversity targets relating to gender and ethnicity on a ‘comply or
Why linked: Foundational 'A new chapter for financial services' (Mansion House 2021) policy paper that sets the strategic frame inherited by the Leeds Reforms.
Published alongside the Chancellor’s Mansion House speech, this document sets out the government’s vision for the future of the financial services sector.
Why linked: PS21/10: Investor protection measures for SPACs – listing rules reform
We set out changes to our Listing Rules that apply to special purpose acquisition companies (SPACs)
Why linked: CP21/10: Investor protection measures for SPACs – listing rules reform proposals
In this consultation paper, we are proposing changes to aspects of our Listing Rules that apply to special purpose acquisition companies.
Why linked: Filled the "Post-Brexit financial services equivalence and regulatory divergence strategy" gap via web research
This guidance document outlines the principles and processes which govern the UK’s equivalence framework.
Why linked: Prudential standards policy statement 2020 - government's intention to implement Basel III standards, core prudential reform mechanism
The policy statement confirms the Government’s intention to implement the internationally agreed Basel III banking standards in the UK. The statement also announces the Government will take powers to enable the implementation of updated prudential rules for UK banks and …
Why linked: Financial Services Future Regulatory Framework Review 2020 - call for evidence on regulatory coordination, foundational to reform scope
A Call for Evidence seeking views on regulatory coordination in the financial services sector.
Why linked: Financial Services (Implementation of Legislation) Bill policy note 2019 - regulatory implementation powers and framework
This policy note outlines the bill’s purpose, and provides detail on the EU legislative proposals to which it would apply.