Financial Services Regulatory Reform, led by HM Treasury, addresses modernisation of the UK financial regulatory framework including the Senior Managers & Certification Regime, in-person banking services, and settlement acceleration (T+1). The reform agenda is active and coordinated with international partners through the US-UK Financial Regulatory Working Group and UK-Japan Financial Regulatory Forum.
Records of the meetings between the Economic Secretary to the Treasury and the Chief Executive of the Prudential Regulation Authority (PRA) to discuss the PRA’s performance.
Records of the meetings between the Economic Secretary to the Treasury and the Chief Executive of the Financial Conduct Authority (FCA) to discuss the FCA’s performance.
A draft of statutory provisions to amend the Financial Services and Markets Act 2000 (Cryptoassets) Regulations 2026 and policy note setting out the aims behind these provisions.
U.S. Treasury and HM Treasury Joint Statement on the 12th official meeting of the U.S. – UK Financial Regulatory Working Group.
HM Treasury and Japan Financial Services Agency joint statement on the fourth meeting of the Financial Regulatory Forum.
HM Treasury and European Commission joint statement on the fifth EU-UK Financial Regulatory Forum.
The Accelerated Settlement Taskforce and its Technical Group have developed a plan to move to faster settlement of securities trades on financial markets.
An Action Plan setting out the government's approach to regulation and regulators
An Action Plan setting out the government's approach to regulation and regulators
HM Treasury and European Commission joint statement on the fourth EU-UK Financial Regulatory Forum.
HM Treasury and Australian Treasury Joint Statement on the Inaugural Dialogue.
The annual report and accounts for the Financial Services Regulators Complaints Commissioner for the year ended 31 March 2025,and the responses provided by the Financial Conduct Authority and Prudential Regulation Authority.
The annual report and accounts for the Financial Services Regulators Complaints Commissioner for the year ended 31 March 2025,and the responses provided by the Financial Conduct Authority and Prudential Regulation Authority.
This strategy sets out the government’s approach to digitalising the UK’s wholesale financial markets
HM Treasury and U.S. Treasury joint statement on the 11th official meeting of the UK-U.S. Financial Regulatory Working Group.
Record of the meeting between the Economic Secretary to the Treasury and the Chief Executive of the Financial Conduct Authority (FCA) to discuss the FCA’s Perimeter Report.
HM Treasury and European Commission joint statement on the third EU-UK Financial Regulatory Forum.
HM Treasury and Japan Financial Services Agency joint statement on the third meeting of the Financial Regulatory Forum.
India-UK Financial Markets Dialogue focused on collaboration in capital markets, insurance, fintech and financial data and sustainable finance to boost growth and investment.
In response to: Next steps for reforming the UK Markets in Financial Instruments Directive
A written ministerial statement on the Bank of England’s consultation on MREL and its interaction with the Bank Resolution (Recapitalisation) Bill.
A final draft of legislation to slow down payments processing when there are reasonable grounds to suspect fraud or dishonesty.
HM Treasury and European Commission joint statement on the second EU-UK Financial Regulatory Forum.
The Accelerated Settlement Taskforce, chaired by Charlie Geffen, was launched by the Chancellor on 9 December 2022 to explore the potential for faster settlement of financial trades in the UK.
The Accelerated Settlement Taskforce, chaired by Charlie Geffen, was launched by the Chancellor on 9 December 2022 to explore the potential for faster settlement of financial trades in the UK.
This note sets out the next phase of delivering a Smarter Regulatory Framework for the UK by replacing assimilated law on financial services.
A near-final version of legislation to slow down payments processing when there are reasonable grounds to suspect fraud, which is being published for checks.
This Code of Practice sets out the tools and powers available for resolving a CCP, as set out under the Financial Services and Markets Act 2023.
The government is publishing an illustrative draft of a proposed statutory instrument to enable the Financial Ombudsman Service to charge case fees to claims management companies and other relevant professional representatives.
Joint statement on the combined UK-Japan Financial Dialogue and Financial Regulatory Forum.
Record of the meeting between the Economic Secretary to the Treasury and the Chief Executive of the Financial Conduct Authority (FCA) to discuss the FCA’s Perimeter Report.
Record of the meeting between the Economic Secretary to the Treasury and the Chief Executive of the Financial Conduct Authority (FCA) to discuss the FCA’s Perimeter Report.
HM Treasury and European Commission joint statement on the first EU-UK Financial Regulatory Forum.
HM Treasury and US Treasury joint statement on the eighth official meeting of the UK-US Financial Regulatory Working Group.
The government is publishing a near-final version of the statutory instrument replacing retained EU law related to Data Reporting Service Providers for checks.
This plan sets out how the government is delivering a Smarter Regulatory Framework for the UK by replacing retained EU law on financial services.
On 27 June 2023, the UK and EU signed the memorandum of understanding (MoU) on regulatory cooperation in financial services.
HM Treasury has introduced two technical amendments to the Financial Services & Markets (FSM) Bill to help facilitate UK firms’ continued use of non-UK Central Counterparties (CCPs) under the run-off regime.
India and the UK held the second meeting of the India-UK Financial Markets Dialogue on 19 April 2023, to deepen bilateral ties in the financial sector.
India and the UK held the second meeting of the India-UK Financial Markets Dialogue on 19 April 2023, to deepen bilateral ties in the financial sector.
HM Treasury and U.S. Department of the Treasury joint statement on the seventh meeting of the UK-U.S. Financial Regulatory Working Group.
This statement sets out the government’s approach to repealing and replacing retained EU law on financial services to deliver a comprehensive FSMA model of regulation tailored to the UK.
The government sets out its response to the recommendations of the Independent Panel on Ring-fencing and Proprietary Trading.
HM Treasury and U.S. Department of the Treasury joint statement on the sixth meeting of the UK-U.S. Financial Regulatory Working Group.
The government is publishing two post-implementation reviews and a forward-looking review of the UK’s anti-money laundering and countering the financing of terrorism regime.
At the inaugural UK-Japan Financial Regulatory Forum, the UK and Japan signed an Exchange of Letters operationalising key financial services provisions under the UK-Japan Comprehensive Economic Partnership Agreement.
HM Treasury and U.S. Department of the Treasury joint statement on the fifth meeting of the UK-U.S. Financial Regulatory Working Group.
HM Treasury and U.S. Department of the Treasury joint statement on the fifth meeting of the UK-U.S. Financial Regulatory Working Group.
A post-legislative scrutiny memorandum covering the Financial Services Act 2012, the Financial Services (Banking Reform) Act 2013, and the Bank of England and Financial Services Act 2016.
The third annual Financial Inclusion Report has been published.
The third annual Financial Inclusion Report has been published.
The Financial Conduct Authority's review of data on mortgage prisoners.
The Financial Conduct Authority's review of data on mortgage prisoners.
Brazil and the UK held the inaugural meeting of the Brazil-UK Financial Markets Dialogue on 5 October 2021, to deepen bilateral ties in the financial sector.
Brazil and the UK held the inaugural meeting of the Brazil-UK Financial Markets Dialogue on 5 October 2021, to deepen bilateral ties in the financial sector.
On 8 July 2021, senior officials from HM Treasury and the Indian Ministry of Finance held the 1st UK-India Financial Markets Dialogue.
On 8 July 2021, senior officials from HM Treasury and the Indian Ministry of Finance held the 1st UK-India Financial Markets Dialogue.
Published alongside the Chancellor’s Mansion House speech, this document sets out the government’s vision for the future of the financial services sector.
Financial Services Compensation Scheme's annual report and accounts 2020 to 2021.
Financial Services Compensation Scheme's annual report and accounts 2020 to 2021.
HM Treasury and U.S. Department of the Treasury joint statement on the fourth meeting of the UK-U.S. Financial Regulatory Working Group.
HM Treasury and U.S. Department of the Treasury joint statement on the fourth meeting of the UK-U.S. Financial Regulatory Working Group.
The UK Listings Review, chaired by Lord Hill, was launched by the Chancellor on 19 November 2020 as part of a plan to strengthen the UK’s position as a leading global financial centre.
HM Treasury and U.S. Department of the Treasury joint statement on the third meeting of the UK – U.S. Financial Regulatory Working Group
HM Treasury and U.S. Department of the Treasury joint statement on the third meeting of the UK – U.S. Financial Regulatory Working Group
This report summarises the PSR’s activities over the year 2019 to 2020. The PSR is required to publish this report under Paragraph 7 of Schedule 4 of the Financial Services (Banking Reform) Act 2013.
This report summarises the PSR’s activities over the year 2019 to 2020. The PSR is required to publish this report under Paragraph 7 of Schedule 4 of the Financial Services (Banking Reform) Act 2013.
A statement on the government’s intention to streamline the FCA’s process for cancelling the authorisation of firms no longer carrying out FCA-regulated activities.
A list of the Financial Services Compensation Scheme annual report and accounts.
A list of the Financial Services Compensation Scheme annual report and accounts.
This policy statement provides detail on HM Treasury’s legislative approach for prudential standards in the Financial Services Bill. The statement also provides detail on how the government will tailor these prudential regimes to the specifics of the UK market.
This is a summary of the fifth meeting of the Financial Inclusion Policy Forum, held via video conference on 27 April 2020.
The policy statement confirms the Government’s intention to implement the internationally agreed Basel III banking standards in the UK. The statement also announces the Government will take powers to enable the implementation of updated prudential rules for UK banks and …
This thematic review is an early post implementation review focusing on the way IFRS 9 and IFRS 15 were implemented in central government.
A record of the meeting between the Chancellor of the Exchequer and Governor of the Bank of England on the bank's Financial Stability Report.
This publication sets out HM Treasury’s approach to laying financial services statutory instruments under the EU (Withdrawal) Act 2018.
A list of the Financial Services Compensation Scheme annual report and accounts.
A list of the Financial Services Compensation Scheme annual report and accounts.
This policy note outlines the bill’s purpose, and provides detail on the EU legislative proposals to which it would apply.
A Treasury Department of the United States and HM Treasury joint statement on the formation of a Financial Regulatory Working Group.
A Treasury Department of the United States and HM Treasury joint statement on the formation of a Financial Regulatory Working Group.
The Fintech Sector Strategy sets out action the government has taken to make the UK the best place for Fintech business, and what it plans to do to maintain this position
This plan shows how financial services regulators are ensuring their approach to regulation supports innovation.
HMT cover note and technical response to the EU Commission’s call for evidence on the EU regulatory framework for financial services.
The government has published a policy paper detailing the measures in the Bank of England and Financial Services Bill to extend and reform the Senior Managers and Certification Regime.
How we are creating a competitive market that will help people take responsibility for their finances.
How the government is reforming the way financial services firms are regulated, to give regulators greater powers and make sure customers are treated fairly.
Setting out which legislation HM Treasury has committed to review and when these reviews will take place.