On 28 January 2025, the Retained EU Law (Revocation and Reform) Act 2023 (Consequential Amendments) Regulations 2025 (the Regulations) were published on legislation.gov.uk, along with an explanatory memorandum.
The Regulations make consequential amendments to secondary legislation necessitated by provisions of the Retained EU Law (Revocation and Reform) Act 2023, with the aim of
On 13 January 2025, the Financial Services and Markets Act 2000 (Ring-fenced Bodies, Core Activities, Excluded Activities and Prohibitions) (Amendment) Order 2025 (the Order) was made and published on legislation.gov.uk, along with an explanatory memorandum.
The Order implements reforms to the bank ring-fencing regime which are intended to improve its functionality. As set
On 13 January 2025, the Short Selling Regulations 2025 (the Regulations) were made and published on legislation.gov.uk, along with an explanatory memorandum. The Regulations will replace assimilated law concerning short selling, including the Short Selling Regulation.
The Regulations establish a new legislative framework for the regulation of short selling, which creates designated activities
On 14 January 2025, the Financial Services and Markets Act 2000 (Designated Activities) (Supervision and Enforcement) Regulations 2025 (the Regulations) came into force and were published on legislation.gov.uk, along with an explanatory memorandum.
The Regulations enable the Financial Conduct Authority (FCA) to supervise and enforce rules that it makes under the
On 3 December 2024, the Markets in Financial Instruments (Equivalence) (Singapore) Regulations 2024
were laid before Parliament and published on legislation.gov.uk, along with an explanatory memorandum.
The Regulations set out HM Treasury’s determination that Singapore’s regulatory and supervisory regime for trading in derivatives is equivalent to the UK’s and allows UK counterparties to fulfil
On 2 December 2024, the Bank of England (BoE) published a consultation paper setting out its proposal to revoke the retained EU law Technical Standard 2019/348 on Simplified Obligations (SO UKTS).
Background
Following its withdrawal from the EU, the UK retained the EU framework for determining the level of information required within
On 27 November 2024, the Financial Conduct Authority (FCA) published a consultation paper, CP24/24, on proposals to transfer the firm-facing requirements of the MiFID Organisational Regulation (MiFID Org Regulation) into FCA Handbook rules.
Background
The UK version of the MiFID Org Regulation contains conduct rules as well as systems and
On 22 November 2024, the Securitisation (Amendment) (No. 2) Regulations 2024 came into force and were published on legislation.gov.uk, along with an explanatory memorandum.
The Regulations extend a temporary arrangement granting preferential prudential treatment for EU-origin simple, transparent and standardised (STS) securitisations. UK investors, where they are subject to prudential regulation, currently access lower
On 14 November 2024, HM Treasury issued a Call for Evidence on the Government’s Financial Services Growth & Competitiveness Strategy.
Once finalised the strategy will serve as the central guiding framework through which the Government will seek to achieve sustainable, inclusive growth for the financial services sector and secure the UK’s competitiveness as an international
On 11 November 2024, HM Treasury (HMT) published its response to the consultation on near-term reforms to the UK ring-fencing regime. It also published the draft Financial Services and Markets Act 2000 (Ring-fenced Bodies, Core Activities, Excluded Activities and Prohibitions) (Amendment) Order 2024 (draft Order) on legislation.gov.uk, along with a draft explanatory