Collection

A Smarter Regulatory Framework for financial services

HM Treasury’s programme of secondary legislation to replace retained EU law in order to deliver a Smarter Regulatory Framework for financial services tailored to the UK.

• From: HM Treasury
• Published: 11 July 2023
• Last updated: 24 April 2024 — See all updates

The Financial Services and Markets Act 2023 repeals retained EU law for financial services. This collection sets out how HM Treasury intends to deliver a Smarter Regulatory Framework for financial services, which is tailored to the UK. Retained EU legislation will be replaced with rules set by the financial services regulators, operating within a framework set by government and parliament.

This collection contains links to the latest announcements, policy papers and Statutory Instruments including those which have been published in draft in advance of laying before Parliament.

Policy papers

• Building a Smarter Financial Services Regulatory Framework: Next Phase
  • 21 March 2024
  • Policy paper
• Building a Smarter Financial Services Regulatory Framework: Delivery Plan
  • 11 July 2023
  • Policy paper
• Building a smarter financial services framework for the UK
  • 9 December 2022
  • Policy paper

Made statutory instruments

• List of Smarter Regulatory Framework statutory instruments
  • 24 April 2024
  • Guidance

Draft statutory instruments for technical checks

• Money Market Funds – Draft SI and Policy Note
  • 6 December 2023
  • Policy paper
• UK Retail Disclosure Framework – Draft SI and Policy Note
  • 22 November 2023
  • Policy paper
• Short Selling Regulations 2024
  • 22 November 2023
  • Policy paper
• Draft Insurance and Reinsurance Undertakings (Prudential Requirements) Regulations
  • 22 June 2023
  • Statutory guidance
• Public Offers and Admissions to Trading Regulations 2023 – Draft SI and Policy Note
  • 11 July 2023
  • Policy paper
• Securitisation Regulations 2023 - Draft SI and Policy Note
  • 11 July 2023
  • Policy paper
• Data Reporting Services Regulations 2023 - Draft SI and Policy Note
  • 11 July 2023
  • Policy paper
• Draft Insurance and Reinsurance Undertakings (Prudential Requirements) Regulations
  • 22 June 2023
  • Statutory guidance

Consultations and calls for evidence

• Short Selling Regulation: Call for Evidence
  • 11 July 2023
  • Call for evidence outcome
• Short Selling Regulation: consultation – sovereign debt and credit default swaps
  • 22 November 2023
  • Consultation outcome
• PRIIPs and UK Retail Disclosure
  • 11 July 2023
  • Consultation outcome
• Consultation on customer information requirements in the Payment Accounts Regulations (PARs) 2015
  • 11 July 2023
  • Consultation outcome

Published 11 July 2023
Last updated 24 April 2024 + show all updates

1. 24 April 2024

   Link removed to Draft affirmative statutory instruments as content consolidated into existing page.

2. 21 March 2024

   Building a Smarter Financial Services Regulatory Framework: Next Phase added

3. 6 December 2023

   Money Market Funds – Draft SI and Policy Note added

4. 22 November 2023

   UK Retail Disclosure Framework - Draft SI and Policy Note and Short Selling Regulations 2024 – Draft SI and Policy Note added

5. 11 July 2023

   First published.