On 30 October 2025, The Financial Services (Overseas Recognition Regime) Regulations 2025 were made together with an explanatory memorandum.

Using the powers established by the Financial Services and Markets Act 2023, this statutory instrument (SI) sets out powers and obligations in relation to HM Treasury’s (HMT) Overseas Recognition Regimes. Overseas Recognition Regimes are legislative provisions that allow HMT to recognise the regulatory framework governing financial services in any country or territory outside of the United Kingdom and can enable overseas firms to provide services directly into the UK or provide regulatory relief by removing duplicative requirements on cross-border business. The SI also makes some amendments to Overseas Recognition Regimes that have already been established to ensure that there’s clarity and uniformity across Overseas Recognition Regimes.

The SI comes into force on 28 November 2025.