Milestone for UK financial services as Bill receives Royal Assent
The UK has taken an important first step in shaping its own financial services regulation outside the EU as the Financial Services Bill received Royal Assent today (29 April 2021).
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the Financial Services Bill has received Royal Assent and is now law
represents major milestone in shaping a regulatory framework for UK financial services outside of the EU
enhances competitiveness of the sector and ensures it continues to deliver for UK consumers and businesses
The Bill – which is now an Act – will ensure the UK remains an open and dynamic financial centre, with the highest regulatory standards, and protect people across the UK as they use financial services.