On 3 August 2022, UK Finance published a blog ‘What does the Financial Services and Markets Bill mean for UK capital markets?’
UK Finance has been readily engaged in driving and shaping the market reform agenda. Over the last twelve months UK Finance has worked with members to respond to key initiatives such as the Wholesale Markets Review, Lord Hill’s Listings Review and the subsequent Prospectus Regime Review amongst others. The Financial Services and Markets Bill (the Bill) therefore represents the implementation of many of the changes UK Finance has been advocating for.
UK Finance highlights that the Bill proposes several important primary legislation changes to the UK’s capital markets rulebook, and importantly, takes forward the UK’s future regulatory framework. As such, UK Finance has set out in an accompanying document, a summary of the capital markets and wholesale changes within the Bill.