Update: Financial Services EU Exit Statutory Instruments
This statement provides an update on HM Treasury’s financial services statutory instruments under the European Union (Withdrawal) Act 2018 and the European Union (Withdrawal Agreement) Act 2020.
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HM Treasury has been using powers under the European Union (Withdrawal) Act 2018, as amended by the European Union (Withdrawal Agreement) Act 2020, to ensure that the UK will have an independent, coherent and effective financial services regulatory regime at the end of the Transition Period.
This programme of work involves making statutory instruments (SIs) to prevent, remedy or mitigate any failure of EU law to operate effectively at the end of the Transition Period.
This statement provides an update on that programme, setting out the Treasury’s approach to further secondary legislation that will be brought forward under the European Union (Withdrawal) Act 2018 and the European Union (Withdrawal Agreement) Act 2020.