Active Announced in the King's Speech on 13 May 2026. 115 events
Threads / Enhancing Financial Services Bill / Timeline
Lifecycle stage Implementation
92 days in stage

Enhancing Financial Services Bill

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.

Log in for AI briefing
Showing all 115 signals
Sort Latest first Oldest first
Family
Signal
Year
Body
Role

2026

18 events
14 May 2026 | Announcement Treasury linked direct

Reforms to Money Market Fund Regulations

Why linked: Companion WMS on Money Market Fund Regulations reform (House of Commons version) - substantive regulatory reform affecting investment funds sector

UIN: HCWS1562 Money market funds (MMFs) play an important role in the financial system. MMFs are widely used for cash management and provide an alternative or complement to bank deposits for a broad range of investors, including asset managers, insurers, …

▤ View document · ↗ GOV.UK
14 May 2026 | Announcement Treasury linked direct

Reforms to Money Market Fund Regulations

Why linked: Written Ministerial Statement on Money Market Fund Regulations reform - directly within scope of financial services regulatory modernisation and capital markets regulation

UIN: HLWS1566 My honourable friend the Economic Secretary to the Treasury (Lucy Rigby) has today made the following Written Ministerial Statement.Money market funds (MMFs) play an important role in the financial system. MMFs are widely used for cash management and …

▤ View document · ↗ GOV.UK
13 May 2026 | Policy paper British Transport Police Delegated Powers and Regulatory Reform Committee Department for Transport Network Rail Office of Rail and Road Regulatory Policy Committee Transport Committee Transport Focus Context · primary home: Tackling State Threats Bill linked direct

The King's Speech 2026 – Background Briefing Notes (PDF)

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.

▤ View document · ↗ GOV.UK
13 May 2026 | Policy paper HM Treasury linked commitment

King's Speech announces Enhancing Financial Services Bill

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.

▤ View document · ↗ GOV.UK · ↓ The King's Speech 2026: background briefing not… (129pp)
1 May 2026 | Other Prudential Regulation Authority linked direct

PRA Regulatory Digest – April 2026

Why linked: PRA Regulatory Digest (April 2026) - official Prudential Regulation Authority publication providing regulatory intelligence and implementation guidance relevant to financial services reform

PRA Regulatory Digest (April 2026) - official Prudential Regulation Authority publication providing regulatory intelligence and implementation guidance relevant to financial services reform

▤ View document · ↗ GOV.UK
28 Apr 2026 | Analysis HM Treasury linked direct

Prudential Regulation Authority: Performance Review Meeting – January 2026

Why linked: PRA performance review meeting record (Jan 2026) — operationalises the regulator-accountability regime the Bill formalises.

PRA performance review meeting record (Jan 2026) — operationalises the regulator-accountability regime the Bill formalises.

In response to: HM Treasury and Prudential Regulation Authority Performance Reviews

▤ View document · ↗ GOV.UK
28 Apr 2026 | Policy paper HM Treasury linked direct

HM Treasury and Financial Conduct Authority Performance Reviews

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.

▤ View document · ↗ GOV.UK · ↓ Financial Conduct Authority: Performance Review…
+1 more
↓ Financial Conduct Authority: Performance Review meeting – J…
28 Apr 2026 | Policy paper HM Treasury linked direct

HM Treasury and Prudential Regulation Authority Performance Reviews

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.

▤ View document · ↗ GOV.UK · ↓ Prudential Regulation Authority: Performance Re…
+1 more
↓ Prudential Regulation Authority: Performance Review meeting…
21 Apr 2026 | Consultation outcome HM Treasury linked direct

A Streamlined Approach to Payment Systems Regulation Consultation

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.

▤ View document · ↗ GOV.UK · ↓ A Streamlined Approach to Payment Systems Regul… (30pp)
+3 more
↓ A Streamlined Approach to Payment Systems Regulation Consul… ↓ A Streamlined Approach to Payment Systems Regulation: Consu… (22pp) ↓ A Streamlined Approach to Payment Systems Regulation: Consu…
11 Mar 2026 | Written question Treasury Context · primary home: European Partnership Bill linked direct

To ask His Majesty's Government what discussions they have had with the European Union regarding financial services as part of the UK-EU reset.

Why linked: Written Question on UK-EU financial services discussions as part of reset (March 2026)—relevant to post-Brexit regulatory divergence and equivalence scope

To ask His Majesty's Government what discussions they have had with the European Union regarding financial services as part of the UK-EU reset.

▤ View document · ↗ GOV.UK
19 Feb 2026 | Policy paper HM Treasury linked direct

Applying the FSMA 2000 model of regulation to the Capital Requirements Regulation

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

▤ View document · ↗ GOV.UK · ↓ The Overseas Prudential Requirements Regime - d… (12pp)
+10 more
↓ Applying the Financial Services and Markets Act 2000 model … (21pp) ↓ Applying the Financial Services and Markets Act 2000 model … ↓ Applying the Financial Services and Markets Act 2000 model … (22pp) ↓ Applying the Financial Services and Markets Act 2000 model… ↓ Basel 3.1 Market Risk Transitional Provision - draft regula… (3pp) ↓ Restatement of Capital Requirements Regulation definitions … (12pp) ↓ Applying the FSMA 2000 model of regulation to the Capital R… (22pp) ↓ Revocation of CRR provisions to implement Basel 3.1 - draft… (11pp) ↓ Restatement of provisions on capital buffers - draft regula… (10pp) ↓ Revocation of CRR provisions on the definition of capital -… (6pp)
12 Feb 2026 | Statutory Instrument linked direct

The Financial Services (Designated Consumer Body and Designated Representative Body) Order 2026

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 …

▤ View document · ↗ GOV.UK
29 Jan 2026 | Other linked direct

House of Lords Financial Services Regulation Committee Launches Stablecoin Inquiry (January 2026)

Why linked: Lords Financial Services Regulation Committee stablecoin inquiry — directly relevant to the cryptoasset and stablecoin elements of the Bill.

"We have launched this inquiry to assess the opportunities and risks that the growth of stablecoins may present for the UK financial services sector and the wider economy, and whether the Bank of England and FCA's proposed regulatory frameworks provide …

▤ View document · ↗ GOV.UK

2025

29 events
15 Dec 2025 | Statutory Instrument linked direct

The Financial Services and Markets Act 2000 (Cryptoassets) Regulations 2025 – Draft Instrument (UKDSI)

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.

▤ View document · ↗ GOV.UK
8 Dec 2025 | Debate linked direct

Financial Services and Markets Act 2023 (Prudential Regulation of Credit Institutions) (Consequential Amendments) Regulations 2025

Why linked: Parliamentary debate on Financial Services and Markets Act 2023 (Prudential Regulation of Credit Institutions) (Consequential Amendments) Regulations 2025 – direct statutory instrument implementing prudential regulatory reform within scope

Considered in Grand Committee 15:45:00 Moved by Lord Wilson of Sedgefield: That the Grand Committee do consider the Financial Services and Markets Act 2023 (Prudential Regulation of Credit Institutions) (Consequential Amendments) Regulations 2025. Lord in Waiting/Government Whip (Lord Wilson of …

▤ View document · ↗ GOV.UK · ↓ Download transcript (text)
2 Dec 2025 | Committee sitting Delegated Legislation Committee linked direct

Delegated Legislation Committee: Draft Financial Services and Markets Act 2023 (Prudential Regulation of Credit Institutions) (Consequential Amendments) Regulations 2025 Draft Financial Services and Markets Act 2000 (Regulated Activities) (ESG Ratings) Order 2025

Why linked: Delegated Legislation Committee scrutiny of Draft Financial Services and Markets Act 2023 (Prudential Regulation of Credit Institutions) (Consequential Amendments) Regulations 2025 – implementation instrument

The Committee consisted of the following Members: Chair: Carolyn Harris † Ali, Tahir (Birmingham Hall Green and Moseley) (Lab) † Argar, Edward (Melton and Syston) (Con) † Baker, Alex (Aldershot) (Lab) † Barron, Lee (Corby and East Northamptonshire) (Lab) † …

▤ View document · ↗ GOV.UK · ↓ Download transcript (text)
2 Dec 2025 | Debate linked direct

Draft Financial Services and Markets Act 2023 (Prudential Regulation of Credit Institutions) (Consequential Amendments) Regulations 2025 Draft Financial Services and Markets Act 2000 (Regulated Activities) (ESG Ratings) Order 2025

Why linked: Parliamentary debate (Commons) on Draft Financial Services and Markets Act 2023 (Prudential Regulation of Credit Institutions) (Consequential Amendments) Regulations 2025 – key statutory instrument

General Committees debate | Commons

▤ View document · ↗ GOV.UK
10 Nov 2025 | Statutory Instrument linked direct

The Financial Services and Markets Act 2000 (Regulated Activities etc.) (Amendment) (No. 2) Order 2025

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 …

▤ View document · ↗ GOV.UK
15 Oct 2025 | Consultation outcome Financial Conduct Authority linked direct

PS25/15: Remuneration reform

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.

▤ View document · ↗ GOV.UK
3 Sep 2025 | Debate linked direct

Financial Services and Markets Act 2023 (Capital Buffers and Macro-prudential Measures) (Consequential Amendments) Regulations 2025

Why linked: Parliamentary debate on Financial Services and Markets Act 2023 (Capital Buffers and Macro-prudential Measures) (Consequential Amendments) Regulations 2025 – prudential regulatory reform within Bill scope

Considered in Grand Committee 17:55:00 Moved by Lord Wilson of Sedgefield: That the Grand Committee do consider the Financial Services and Markets Act 2023 (Capital Buffers and Macro-prudential Measures) (Consequential Amendments) Regulations 2025. Lord in Waiting/Government Whip (Lord Wilson of …

▤ View document · ↗ GOV.UK · ↓ Download transcript (text)
1 Sep 2025 | Policy paper HM Treasury linked direct

Memorandum of Understanding on financial crisis management

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

▤ View document · ↗ GOV.UK · ↓ Memorandum of Understanding on financial crisis…
+1 more
↓ Memorandum of Understanding on financial crisis management (22pp)
21 Jul 2025 | Consultation (closed) HM Treasury linked evidence

Financial Services Growth and Competitiveness Strategy

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.

▤ View document · ↗ GOV.UK · ↓ Financial Services Growth & Competitiveness Str… (39pp)
+2 more
↓ The Financial Services Growth and Competitiveness Strategy (76pp) ↓ Financial Services Growth and Competitiveness Strategy: Ove…
17 Jul 2025 | Policy paper HM Treasury linked direct

Financial Services Regulators Complaints Commissioner Annual Report and Accounts 2024-25 and regulator responses

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.

▤ View document · ↗ GOV.UK · ↓ Financial Services Regulators Complaints Commis… (32pp)
+2 more
↓ The Financial Conduct Authority’s response to the Complaint… (26pp) ↓ The Prudential Regulation Authority’s Response to the Compl… (3pp)
15 Jul 2025 | Statutory Instrument linked direct

The Financial Services and Markets Act 2000 (Regulated Activities etc.) (Amendment) Order 2025

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 …

▤ View document · ↗ GOV.UK
15 Jul 2025 | Policy paper HM Treasury linked direct

Memorandum of Understanding: Overseas Recognition Regimes

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.

▤ View document · ↗ GOV.UK · ↓ Memorandum of Understanding: Overseas Recogniti… (11pp)
+1 more
↓ Memorandum of Understanding: Overseas Recognition Regimes (…
15 Jul 2025 | Policy paper HM Treasury evidence

Overseas Recognition Regimes Guidance Document

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.

▤ View document · ↗ GOV.UK · ↓ Overseas Recognition Regimes Guidance Document (22pp)
+3 more
↓ Overseas Recognition Regimes Guidance Document (Accessible) ↓ Table of UK HMT Equivalence Decisions and Overseas Recognit… ↓ Table of the Lead Regulator for the Provision of Advice Und…
26 Jun 2025 | Policy paper HM Treasury linked direct

Competitiveness and Growth – the Prudential Regulation Authority’s second report 2024/25

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 …

▤ View document · ↗ GOV.UK · ↓ Competitiveness and growth: the PRA’s second re… (82pp)
15 May 2025 | Other linked direct

The Government should prioritise financial services in EU relations by using the EU-UK Financial Regulatory Forum to build on previous best practice and advance regulatory cooperation. (Recommendation, Paragraph 76)

Why linked: Parliamentary recommendation on EU relations and EU-UK Financial Regulatory Forum 2025 - post-Brexit regulatory coordination strategy

The Government should prioritise financial services in EU relations by using the EU-UK Financial Regulatory Forum to build on previous best practice and advance regulatory cooperation. (Recommendation, Paragraph 76) Type: recommendation | Number: 16 | Response status: accepted Government response: …

▤ View document · ↗ GOV.UK
16 Apr 2025 | Consultation (closed) Financial Conduct Authority linked direct

CP25/8: Data Decommissioning: Removing reporting and notification requirements[pdf]

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.

▤ View document · ↗ GOV.UK · ↓ CP25/8: Data Decommissioning: Removing reportin…
10 Mar 2025 | Written question Treasury linked direct

To ask His Majesty's Government whether their Financial Services Growth and Competitiveness Strategy will include policies to encourage more firms to list on the London Stock Exchange.

Why linked: Parliamentary written question March 2025 on Financial Services Growth and Competitiveness Strategy including listing rules reform

To ask His Majesty's Government whether their Financial Services Growth and Competitiveness Strategy will include policies to encourage more firms to list on the London Stock Exchange.

▤ View document · ↗ GOV.UK
3 Mar 2025 | Written question Treasury linked direct

To ask the Chancellor of the Exchequer, whether she has made an assessment of the potential merits of reforms to UK listing rules, in the context of support for tech companies.

Why linked: Written Question to Chancellor on reforms to UK listing rules for tech company support – directly addresses capital markets competitiveness element of Bill scope

To ask the Chancellor of the Exchequer, whether she has made an assessment of the potential merits of reforms to UK listing rules, in the context of support for tech companies.

▤ View document · ↗ GOV.UK
31 Jan 2025 | Consultation (open) linked direct

CP25/2: Further Changes to the Public Offers and Admissions to Trading Regime and the UK Listing Rules (FCA, January 2025)

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.

▤ View document · ↗ GOV.UK
31 Jan 2025 | Consultation (closed) Financial Conduct Authority linked direct

CP25/2: Consultation on further changes to the public offers and admissions to trading regime and the UK Listing Rules[pdf]

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.

▤ View document · ↗ GOV.UK · ↓ CP25/2: Consultation on further changes to the …
14 Jan 2025 | Statutory Instrument linked direct

The Financial Services and Markets Act 2000 (Designated Activities) (Supervision and Enforcement) Regulations 2025

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 …

▤ View document · ↗ GOV.UK
14 Jan 2025 | Statutory Instrument linked direct

The Short Selling Regulations 2025

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 …

▤ View document · ↗ GOV.UK
14 Jan 2025 | Statutory Instrument linked direct

The Short Selling Regulations 2025

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 …

▤ View document · ↗ GOV.UK

2024

16 events
17 Dec 2024 | Statutory Instrument linked direct

The Financial Services and Markets Act 2023 (Addition of Relevant Enactments) Regulations 2024

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 …

▤ View document · ↗ GOV.UK
27 Nov 2024 | Consultation outcome Financial Conduct Authority linked direct

PS25/13: The MiFID Organisational Regulation

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.

▤ View document · ↗ GOV.UK
21 Nov 2024 | Statutory Instrument linked direct

The Consumer Composite Investments (Designated Activities) Regulations 2024

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, …

▤ View document · ↗ GOV.UK
21 Nov 2024 | Statutory Instrument linked direct

The Consumer Composite Investments (Designated Activities) Regulations 2024

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, …

▤ View document · ↗ GOV.UK
14 Nov 2024 | Announcement HM Treasury linked direct

Chancellor fires up financial services sector to drive growth

Why linked: News announcement on Chancellor's Mansion House speech on financial services reform (November 2024)—recent policy direction statement

Chancellor to announce package of reforms to ensure the UK’s status as a global powerhouse for financial services in her first Mansion House speech.

▤ View document · ↗ GOV.UK
15 Oct 2024 | Announcement Treasury linked direct

Financial Services Policy Update

Why linked: Written Ministerial Statement on Financial Services Policy Update (October 2024)—recent policy development relevant to thread timeline

UIN: HLWS132 My honourable friend the Economic Secretary to the Treasury (Tulip Siddiq) has today made the following Written Ministerial Statement.The government’s response to its consultation concerning enhancements to the Special Resolution Regime noted that the Ban...

▤ View document · ↗ GOV.UK · ↓
9 Oct 2024 | Statutory Instrument linked direct

The Financial Services Act 2012 (Relevant Functions in relation to Complaints Scheme) (Amendment) Order 2024

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 …

▤ View document · ↗ GOV.UK
19 Sep 2024 | Announcement Financial Conduct Authority HM Treasury linked direct

Reforms to Financial Services retail-disclosure requirements

Why linked: Reforms to retail disclosure requirements 2024 - specific regulatory reform on conduct/disclosure rules affecting investment firms

The Government and FCA announce plans to reform UK retail disclosure rules, and will temporarily exempt investment trusts from assimilated EU law requirements.

▤ View document · ↗ GOV.UK
24 Apr 2024 | Other HM Treasury linked direct

A Smarter Regulatory Framework for financial services

Why linked: HM Treasury programme for secondary legislation to replace retained EU law and deliver Smarter Regulatory Framework (April 2024)—directly relevant to implementation mechanism

HM Treasury’s programme of secondary legislation to replace retained EU law in order to deliver a Smarter Regulatory Framework for financial services tailored to the UK.

▤ View document · ↗ GOV.UK
19 Apr 2024 | Statutory Instrument linked direct

The Financial Services and Markets Act 2000 (Disapplication or Modification of Financial Regulator Rules in Individual Cases) Regulations 2024

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 …

▤ View document · ↗ GOV.UK
21 Mar 2024 | Policy paper HM Treasury linked direct

Building a Smarter Financial Services Regulatory Framework: Next Phase

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.

▤ View document · ↗ GOV.UK · ↓ Building a Smarter Financial Services Regulator… (16pp)

2023

16 events
20 Dec 2023 | Consultation (closed) Financial Conduct Authority linked direct

CP23/33: Consultation on payments to data providers and DRSP forms including Policy Statement for the framework for UK consolidated tape (CP23/15)

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 …

▤ View document · ↗ GOV.UK
20 Dec 2023 | Consultation (closed) Financial Conduct Authority linked direct

CP23/31: Primary Markets Effectiveness Review: Feedback to CP23/10 and detailed proposals for listing rules reforms[pdf]

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.

▤ View document · ↗ GOV.UK · ↓ CP23/31: Primary Markets Effectiveness Review: …
11 Jul 2023 | Policy paper HM Treasury linked direct

State of the sector: annual review of UK financial services 2023

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.

▤ View document · ↗ GOV.UK · ↓ State of the sector: annual review of UK financ… (32pp)
11 Jul 2023 | Announcement Treasury linked direct

Financial Services Update

Why linked: Commons Written Ministerial Statement on Financial Services Update (July 2023)—ministerial update on competitiveness programme

UIN: HCWS927 On 10 July 2023, I set out in a speech at Mansion House the government’s progress in delivering a financial services sector that is globally competitive, while retaining our commitment to high international standards.Building on the Edinburgh Reforms …

▤ View document · ↗ GOV.UK
11 Jul 2023 | Announcement Treasury linked direct

Financial Services Update

Why linked: Lords Written Ministerial Statement on Financial Services Update (July 2023)—progress report on competitive financial services sector

UIN: HLWS914 My right honourable friend the Chancellor of the Exchequer (Jeremy Hunt) has today made the following Written Ministerial Statement.On 10 July 2023, I set out in a speech at Mansion House the government’s progress in delivering a financial …

▤ View document · ↗ GOV.UK
11 Jul 2023 | Policy paper HM Treasury linked direct

Building a Smarter Financial Services Regulatory Framework: Delivery Plan

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.

▤ View document · ↗ GOV.UK · ↓ Building a Smarter Financial Services Regulator… (30pp)
11 Jul 2023 | Policy paper HM Treasury linked direct

Investment Research Review

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.

▤ View document · ↗ GOV.UK · ↓ Call for Evidence – UK Investment Research revi…
+2 more
↓ Terms of Reference – Investment Research Review ↓ UK Investment Research Review (82pp)
10 Jul 2023 | Announcement linked direct

FCA Statement on the Chancellor's Mansion House Speech (FCA)

Why linked: FCA Statement on listing rules reforms linked to Mansion House Speech – direct policy intent statement on competitiveness reforms

Our reform of UK listing rules — the most significant in 3 decades — aims to encourage a wide range of companies to list and raise capital in the UK, increasing opportunities for investors.

▤ View document · ↗ GOV.UK
27 Jun 2023 | Policy paper HM Treasury linked direct

UK-EU Memorandum of Understanding on Financial Services Cooperation

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.

▤ View document · ↗ GOV.UK · ↓ UK-EU Memorandum of Understanding on Financial … (4pp)
+1 more
↓ UK-EU Memorandum of Understanding on Financial Services Coo…
13 Jun 2023 | Debate linked direct

Financial Services and Markets Bill

Why linked: Financial Services and Markets Bill report (3rd day) – parliamentary scrutiny of Bill during legislative process

Report (3rd Day) Relevant document: 23rd Report from the Delegated Powers Committee 15:24:00 Amendment 91 Moved by 91: After Clause 65, insert the following new Clause— “Forest risk commodities (1) FSMA 2000 is amended in accordance with subsection (2).(2) After …

▤ View document · ↗ GOV.UK · ↓ Download transcript (text)
8 Jun 2023 | Debate linked direct

Financial Services and Markets Bill

Why linked: Financial Services and Markets Bill report (2nd day continued) – parliamentary scrutiny of Bill

Report (2nd Day) (Continued) 14:58:00 Clause 35: Engagement with statutory panels Amendment 23 Moved by 23: Clause 35, page 49, line 40, at end insert— “(ic) how it has complied with the statement of policy on panel appointments prepared under …

▤ View document · ↗ GOV.UK · ↓ Download transcript (text)
23 Mar 2023 | Debate linked direct

Financial Services and Markets Bill

Why linked: Financial Services and Markets Bill committee (10th day) – parliamentary scrutiny of Bill

Committee (10th Day) Relevant document: 23rd Report from the Delegated Powers Committee 13:03:00 The Deputy Chairman of Committees (Baroness Garden of Frognal) (LD): My Lords, if there is a Division in the Chamber while we are sitting, the Committee will …

▤ View document · ↗ GOV.UK · ↓ Download transcript (text)
13 Mar 2023 | Debate linked direct

Financial Services and Markets Bill

Why linked: Financial Services and Markets Bill committee (8th day) – parliamentary scrutiny of Bill

Committee (8th Day) Relevant document: 23rd Report from the Delegated Powers Committee 15:45:00 The Deputy Chairman of Committees (Baroness Bull) (CB): My Lords, if there is a Division in the Chamber while we are sitting, the Committee will adjourn as …

▤ View document · ↗ GOV.UK · ↓ Download transcript (text)
10 Jan 2023 | Debate linked direct

Financial Services and Markets Bill

Why linked: Parliamentary Second Reading of Financial Services and Markets Bill in Lords (January 2023)—substantive legislative debate and scrutiny

Second Reading 16:42:00 Moved by Baroness Penn: That the Bill be now read a second time. The Parliamentary Secretary, HM Treasury (Baroness Penn) (Con): My Lords, this Bill is a landmark piece of legislation—the most ambitious reform of our financial …

▤ View document · ↗ GOV.UK · ↓ Download transcript (text)

2022

17 events
16 Dec 2022 | Research House of Lords Library linked direct

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

Why linked: Lords Library Note on Financial Services and Markets Bill 2022-23—substantive analysis of bill provisions

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 …

▤ View document · ↗ GOV.UK · ↓ LLN-2022-0058.pdf
16 Dec 2022 | Research House of Lords Library linked direct

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

Why linked: Lords Library Note on Financial Services and Markets Bill 2022-23—comprehensive briefing on wide-ranging regulatory changes

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 …

▤ View document · ↗ GOV.UK · ↓ LLN-2022-0058.pdf
15 Dec 2022 | Written question Treasury linked direct

To ask His Majesty's Government which of the Chancellor’s proposed reforms to financial services regulation, announced in Edinburgh on 8 December, will (1) require primary legislation, (2) require secondary legislation, (3) be achievable using existing po

Why linked: Written Question on Edinburgh reforms and primary legislation requirements (December 2022)—parliamentary scrutiny of reform programme

To ask His Majesty's Government which of the Chancellor’s proposed reforms to financial services regulation, announced in Edinburgh on 8 December, will (1) require primary legislation, (2) require secondary legislation, (3) be achievable using existing po

▤ View document · ↗ GOV.UK
14 Dec 2022 | Announcement Treasury linked direct

Financial Services

Why linked: Written Ministerial Statement on Financial Services (December 2022) following Autumn Statement—policy update on regulatory approach

UIN: HLWS437 My right honourable friend the Chancellor of the Exchequer (Jeremy Hunt) has made the following Written Ministerial Statement.In the Autumn Statement, I set out the government's strategy for boosting growth by investing in our people, in the infrastructur...

▤ View document · ↗ GOV.UK
9 Dec 2022 | Announcement HM Treasury linked direct

Edinburgh Reforms hail next chapter for UK Financial Services

Why linked: Edinburgh Reforms 2022 - over 30 regulatory reforms to unlock investment and growth; substantive regulatory reform roadmap in scope

Chancellor of the Exchequer Jeremy Hunt today unveiled the “Edinburgh Reforms” of UK financial services – over 30 regulatory reforms to unlock investment and turbocharge growth in towns and cities across the UK.

▤ View document · ↗ GOV.UK
9 Dec 2022 | Other HM Treasury linked direct

Financial Services: The Edinburgh Reforms

Why linked: Edinburgh Reforms announcement (December 2022) by Chancellor—foundational policy direction for financial services reform

On 9 December, the Chancellor of the Exchequer announced a set of reforms to drive growth and competitiveness in the financial services sector.

▤ View document · ↗ GOV.UK
9 Dec 2022 | Announcement Treasury linked direct

Financial Services

Why linked: Written Ministerial Statement on Financial Services (December 2022) setting out strategy for financial services growth—policy context

UIN: HCWS425 In the Autumn Statement, I set out the government's strategy for boosting growth by investing in our people, in the infrastructure that connects our country, by creating the right environment for business investment, and by supporting our world-leading …

▤ View document · ↗ GOV.UK
9 Dec 2022 | Policy paper HM Treasury linked direct

Building a smarter financial services framework for the UK

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.

▤ View document · ↗ GOV.UK · ↓ Policy statement – Building a smarter financial… (35pp)
+6 more
↓ Draft Statutory Instrument - Admissions to Trading and Publ… (32pp) ↓ Draft Statutory Instrument – Securitisation Regulation (26pp) ↓ Draft Statutory Instrument - Payment Services and E-Money R… (4pp) ↓ The Securitisation Regulation – Illustrative Statutory Inst… (21pp) ↓ FCA Rulemaking Power for Payments – Illustrative Statutory … (12pp) ↓ Public Offers and Admissions to Trading Regime – Illustrati… (27pp)
7 Dec 2022 | Debate linked direct

Financial Services and Markets Bill

Why linked: Financial Services and Markets Bill consideration of bill as amended in public bill committee – parliamentary scrutiny of Bill

Consideration of Bill, as amended in the Public Bill Committee New Clause 17 Reporting requirements ‘(1) FSMA 2000 is amended as follows. (2) After paragraph 11 of Schedule 1ZA insert— “Other reports 11A (1) The Treasury may (subject to this …

▤ View document · ↗ GOV.UK · ↓ Download transcript (text)
30 Nov 2022 | Research House of Commons Library linked direct

Financial Services and Markets Bill 2022-23

Why linked: Commons Briefing Paper on Financial Services and Markets Bill 2022-23 providing substantive analysis of regulatory changes post-Brexit—essential background for the thread

Type: Commons Briefing Paper (CBP-9594) Background to and discussion of the Bill, which would implement changes to the regulation of financial services arising from the UK's departure from the EU.

▤ View document · ↗ GOV.UK · ↓ CBP-9594.pdf
15 Nov 2022 | Written question Treasury linked direct

To ask the Chancellor of the Exchequer, what steps his Department is taking to improve the regulatory framework for the financial services sector.

Why linked: Written Question on regulatory framework improvement (November 2022)—parliamentary scrutiny of regulatory approach

To ask the Chancellor of the Exchequer, what steps his Department is taking to improve the regulatory framework for the financial services sector.

▤ View document · ↗ GOV.UK
7 Sep 2022 | Debate linked direct

Financial Services and Markets Bill

Why linked: Parliamentary proceeding on Financial Services and Markets Bill (September 2022) with reference to Treasury Committee reports—relevant scrutiny material

[Relevant documents: The First Report of the Treasury Committee, Future of financial services regulation, HC 141, and the responses, HC 690; Written evidence to the Treasury Committee, on Future of financial services, reported to the House on 6 September 2022, …

▤ View document · ↗ GOV.UK · ↓ Download transcript (text)
20 Jul 2022 | Other HM Treasury linked direct

Financial Services and Markets Bill

Why linked: Direct reference to the Financial Services and Markets Bill introduced July 2022 to Parliament—a key instrument in the policy thread timeline

The Financial Services and Markets Bill was introduced to Parliament on 20 July 2022

▤ View document · ↗ GOV.UK
20 Jul 2022 | Announcement HM Treasury linked direct

Financial Services Bill to unlock growth and investment across the UK

Why linked: Direct announcement of the 2022 Financial Services Bill introducing it to Parliament with explicit focus on competitiveness and growth—core to the thread's scope

Legislation to enhance the competitiveness of the UK financial services sector and unlock tens of billions of pounds of investment across the economy was introduced to Parliament today

▤ View document · ↗ GOV.UK

2021

14 events
15 Dec 2021 | Policy paper HM Treasury linked direct

Post-Legislative Scrutiny Memorandum: Financial Services

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.

▤ View document · ↗ GOV.UK · ↓ Post-Legislative Scrutiny Memorandum: Financial… (204pp)
9 Nov 2021 | Announcement Treasury linked direct

Financial Services

Why linked: Written Ministerial Statement on Financial Services (November 2021) on second Future Regulatory Framework consultation—key consultation in reform timeline

UIN: HCWS382 The government has today laid before Parliament the second consultation on the Future Regulatory Framework (FRF) Review, Financial Services Future Regulatory Framework Review: Proposals for Reform (CP 548). The FRF Review provides a once-in-a-generation o...

▤ View document · ↗ GOV.UK
9 Nov 2021 | Announcement Treasury linked direct

Financial Services

Why linked: Written Ministerial Statement on Financial Services (November 2021) regarding Future Regulatory Framework consultation—relevant to regulatory reform agenda

UIN: HLWS368 My honourable friend the Economic Secretary to the Treasury (John Glen) has today made the following Written Ministerial Statement.The government has today laid before Parliament the second consultation on the Future Regulatory Framework (FRF) Review, Fin...

▤ View document · ↗ GOV.UK
28 Jul 2021 | Consultation (closed) Financial Conduct Authority linked direct

CP21/24: Diversity and inclusion on company boards and executive committees[pdf]

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

▤ View document · ↗ GOV.UK · ↓ CP21/24: Diversity and inclusion on company boa…
5 Jul 2021 | Policy paper HM Treasury linked direct

A new chapter for financial services

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.

▤ View document · ↗ GOV.UK · ↓ A new chapter for financial services (21pp)
+1 more
↓ A new chapter for financial services (web accessible) (38pp)
1 Jul 2021 | Announcement HM Treasury linked direct

Chancellor sets out how UK financial services can create prosperity at home and project values abroad in first Mansion House speech

Why linked: Chancellor Mansion House speech 2021 - sets out plans to make UK financial services hub, directly relevant to competitiveness objective

Plans to make the UK the world’s most advanced and exciting financial services hub to create prosperity at home and help the UK project its values abroad, were set out by the Chancellor in a speech at Mansion House today …

▤ View document · ↗ GOV.UK
30 Apr 2021 | Consultation (closed) Financial Conduct Authority linked direct

CP21/10: Investor protection measures for special purpose acquisition companies: Proposed changes to the Listing Rules[pdf]

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.

▤ View document · ↗ GOV.UK · ↓ CP21/10: Investor protection measures for speci…
15 Mar 2021 | Research House of Commons Library linked direct

Executive accountability in financial services: the Senior Managers and Certification Regime

Why linked: Commons Briefing Paper on Senior Managers and Certification Regime – parliamentary research on SMCR within scope of Bill reform

Type: Commons Briefing Paper (CBP-9168) The UK's Senior Managers and Certification Regime was introduced as part of post-financial crisis reforms to drive up standards in people working in financial services. This note explains the regime's history, content and impact.

▤ View document · ↗ GOV.UK · ↓ CBP-9168.pdf
3 Mar 2021 | Announcement HM Treasury linked direct

Independent review recommends reforms to UK Listing rules to boost growth and markets

Why linked: Independent review recommends reforms to UK Listing rules – Lord Hill's listing review directly informing competitiveness agenda

Reforms to the rules that govern how companies raise finance on public markets will ensure the UK remains one of the most attractive places to grow and list successful innovative companies, according to a new review published today (3 March …

▤ View document · ↗ GOV.UK
3 Mar 2021 | Announcement linked direct

FCA Welcomes Lord Hill's Listing Review Report (FCA, March 2021)

Why linked: FCA Welcomes Lord Hill's Listing Review Report – FCA response to Lord Hill review on listing rule reforms

The FCA will carefully consider Lord Hill's recommendations for changes to listing rules, including on free float, dual class share structures, and SPACs, aiming to publish a consultation paper by summer 2021.

▤ View document · ↗ GOV.UK
16 Feb 2021 | Research House of Commons Library linked direct

Brexit and financial services

Why linked: Commons Briefing Paper on Brexit and financial services 2021 - contextual analysis of regulatory divergence and equivalence

Type: Commons Briefing Paper (CBP-7628) What does Brexit mean for financial services? This briefing reviews progress and possibilities – from the 2018 Political Declaration to preparations for Brexit with no deal.

▤ View document · ↗ GOV.UK · ↓ CBP-7628.pdf
14 Jan 2021 | Policy paper HM Treasury evidence

Guidance Document for the UK’s Equivalence Framework for Financial Services

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.

▤ View document · ↗ GOV.UK · ↓ Guidance Document for the UK’s Equivalence Fram…
+2 more
↓ Lead Regulator Annex ↓ Table of UK Equivalence Decisions

2020

4 events
9 Nov 2020 | Announcement HM Treasury linked direct

Chancellor sets out ambition for future of UK financial services

Why linked: Chancellor's ambition statement 2020 on UK financial services future - outlines strategic direction for sector reform and leadership

The UK will remain an open, attractive international financial centre, and extend its global leadership in green finance and financial technology, under plans outlined by the Chancellor Rishi Sunak today (9 November).

▤ View document · ↗ GOV.UK
23 Jun 2020 | Announcement HM Treasury linked direct

Regulatory reforms in Financial Services

Why linked: News announcement on regulatory reforms in Financial Services post-EU withdrawal (June 2020)—early stage of reform programme

Details on the UK’s continued commitment to high regulatory standards for the financial services sector post-EU withdrawal have been published today.

▤ View document · ↗ GOV.UK
11 Mar 2020 | Policy paper HM Treasury linked direct

Prudential standards in the Financial Services Bill: policy statement

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 …

▤ View document · ↗ GOV.UK · ↓ Prudential standards in the Financial Services… (9pp)
11 Mar 2020 | Consultation outcome HM Treasury linked direct

Financial Services Future Regulatory Framework Review

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.

▤ View document · ↗ GOV.UK · ↓ Future Regulatory Framework Review Call for Evi… (19pp)
+2 more
↓ Future Regulatory Framework GDPR notice (3pp) ↓ Financial Services Future Regulatory Framework Review: Resp… (25pp)

2019

1 event