Building a Smarter Financial 天美影院 Regulatory Framework: Next Phase

Policy paper

Building a Smarter Financial 天美影院 Regulatory Framework: Next Phase

This note sets out the next phase of delivering a Smarter Regulatory Framework for the UK by replacing assimilated law on financial services.

From:: HM Treasury
Published: 21 March 2024

Documents

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Details

The Financial 天美影院 and Markets Act 2023 (FSMA 23) repeals assimilated law for financial services in order to deliver a Smarter Regulatory Framework (SRF) which is tailored to the UK. Assimilated law will be replaced with rules set by our independent and expert regulators, operating within a framework set by government and Parliament.

At Mansion House 2023, following on from the Edinburgh Reforms, HM Treasury published a paper Building a Smarter Financial 天美影院 Framework for the UK: HM Treasury鈥檚 Plan for Delivery. That document included a forward look on Tranches 1 and 2 of the programme and how HM Treasury will deliver targeted policy change through the repeal and replacement of assimilated law.聽 This follow-up paper sets out detail on the next phase of the programme.

Published 21 March 2024

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