The Financial Services (Implementation of Legislation) Bill – policy note
This policy note outlines the bill’s purpose, and provides detail on the EU legislative proposals to which it would apply.
▤ Verbatim text from source document
The Financial Services (Implementation of Legislation) Bill would provide the power, in a no-deal scenario, for the UK to implement and make changes to a specified list of ‘in-flight files’. These are pieces of European Union financial services legislation agreed or in negotiation at the point of exit, with implementation dates falling in the two years after exit. This policy note outlines the bill’s purpose, and provides detail on the ‘in-flight files’ specified in the bill itself.