Government lays Financial Services and Markets Bill

The Government laid the Financial Services and Markets Bill in Parliament on 20 July 2022.

The Bill implements the outcomes of the Future Regulatory Framework Review by revoking onshored EU financial services regulation and delegating rule-making powers to the regulators.

The Bill also delivers a number of planned regulatory reforms across financial services, including implementing changes proposed through the Wholesale Markets Review, amendments to bring stablecoins into the regulatory perimeter, and legislation to protect access to cash.

Download this At a glance to see a detailed analysis of the Bill, and what this means for firms.