Financial Services and Markets Bill: the post-Brexit platform takes shape

As the UK takes next steps towards its bespokefinancial services regulatory framework outside the European Union, a bill ispoised to revoke a swathe of laws and introduce a number of new measures. Emma Radmore explains how the proposedlegislation is more than just post-Brexit admin.

Emma Radmore(legal director) is a member of WombleBond Dickinson’s financial services team in London. Contact her onemma.radmore@wbd-uk.com.

After what seems like years of promises,discussions and consultations on measures to improve and modernise thestructure and perimeter of financial regulation, the Government finallyintroduced the Financial Services and Markets Bill into Parliament on 20 July2022, just in time to have its first reading before the Parliamentary Summerrecess.