摘要
The Financial Services and Markets Act 2023 is the principal post-Brexit reform of UK financial services regulation. It revokes the body of retained EU law governing financial services (Part 1 and Schedule 1) so that the rules can be replaced by a domestic framework set largely by the regulators (the FCA and PRA) under the model of the Financial Services and Markets Act 2000. It gives the regulators a new secondary objective to facilitate the international competitiveness and growth of the UK economy, strengthens their accountability to Parliament and the Treasury, and creates frameworks for regulating crypto-assets and stablecoins and for overseeing 'critical third parties' to the financial sector. It also legislates to protect access to cash by placing duties on banks and the FCA.
要点
- Revokes retained EU financial services law
- New secondary international competitiveness objective for regulators
- Crypto-asset regulation framework
- Access to cash requirements