Policy paper: Building a Smarter Financial Services Regulatory Framework: Next Phase | GovWire News

Policy paper: Building a Smarter Financial Services Regulatory Framework: Next Phase

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Hm Treasury

March 21

16:00 2024

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The Financial Services 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 Services Framework for the UK: HM Treasurys 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. This follow-up paper sets out detail on the next phase of the programme.

Published 21 March 2024

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								<p class="original-link"><a href="https://www.gov.uk/government/publications/building-a-smarter-financial-services-regulatory-framework-next-phase" target="_blank">View the original news story</a></p>
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