AFB Annual Regulatory Conference – Session 1: The Future of UK Onshored Legislation and the Re-shaping of the UK Regulatory Framework

The Future of UK Onshored Legislation and the Re-shaping of the UK Regulatory Framework
Discussion and Q&A

Tim Garbutt, Head of Retained EU Law Policy – Financial Services Group, HM Treasury
Martin Boffey, Chief Counsel, International, Governance and Operations, FCA

Chaired by Alex Ainley, Partner, Simmons & Simmons

This session covered:

HM Treasury’s and the FCA’s work on retained EU law, including:

• The Financial Services and Markets Bill (here) and the Government’s Policy Statement on building a new financial services framework in the UK (here)
• How reshaping the regulatory framework will work in practice
• How the FCA is addressing the expansion of its Handbook
• HM Treasury’s engagement with the FCA
• The FCA’s engagement with the financial services industry
• How the regulators will be supervised by Parliament in practice
• The implementation of the new secondary competitiveness objective for the FCA