The Retained EU Law (Revocation and Reform) Act 2023 (Consequential Amendment) Regulations 2023 (with related Explanatory Memorandum) came into force on January 1, 2024, clarifying that certain changes provided for under the Retained EU Law (Revocation and Reform) Act 2023 have come into effect. The Regulations:
Examples of financial services legislation affected by the Regulations include the Financial Services and Markets Act 2000, the Financial Services Act 2021 and the Financial Services and Markets Act 2023. The U.K. Government continues to make post-Brexit reforms to the U.K. statute book, including in the context of financial services. Our webpage, “Future of Financial Services Regulation in the UK”, discusses the changes the U.K. has made or is proposing for the regulation of financial services.
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