Financial Services Act 2021
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Financial services - legislation - regulation - UK - Brexit.
- First step in shaping UK’s financial services regime post-Brexit
- "The Financial Services Act 2021... is seen as the UK’s first step in retaking control of the financial services regulatory framework post-Brexit and ensuring that the UK remains an 'open and dynamic financial centre' while delivering on the Government’s vision for a more open, technologically advanced and greener industry."
- Allen & Overy - 2021.
Changes introduced by the Act include:
- Amending the UK's MiFIR equivalence regime for third country investment firms to reflect the EU's Investment Firms Regulation.
- Empowering the Financial Conduct Authority to specify reporting requirements for UK MiFIR-registered firms.
- Updating UK EMIR to improve access to clearing services.
- Strengthening the insider dealing and market abuse regime under UK MAR.
See also
Categories:
- Accounting, tax and regulation
- The business context
- Corporate finance
- Investment
- Long term funding
- Compliance and audit
- Ethics
- Identify and assess risks
- Manage risks
- Risk frameworks
- Risk reporting
- Cash management
- Financial products and markets
- Liquidity management
- Technology
- Trade finance
- Treasury operations infrastructure
