The UK HM Treasury has updated their programme of secondary legislation to ensure that the UK continues to have a functioning financial services regulatory regime in all scenarios, when the UK leaves the EU. This collection sets out how HM Treasury intends to use the powers under the European Union (Withdrawal) Act 2018, to ensure that the UK will have a functioning financial services regulatory regime in all scenarios, when the UK leaves the EU.

This work involves making statutory instruments (SIs) under the European Union (Withdrawal) Act to prevent, remedy or mitigate any failure of EU law to operate effectively after the UK leaves the EU. These SIs are not intended to make policy changes, other than those necessary to reflect the UK’s new position outside the EU, and to smooth the transition to this situation.

Visit the HM Treasury website to see updated guidance, including the addition of ‘Trade Repository Registration Arrangements under the UK Securities Financing Transactions Regulation’ document under Approach Papers.