The UK government clarifies its legislative plans for financial services regulatory reforms post-Brexit.

By Rob Moulton and Anna Lewis-Martinez

On 23 June 2020, the House of Commons published a written statement from Rishi Sunak, Chancellor of the Exchequer, on the UK’s approach to implementing financial services regulatory reforms before the end of the Brexit transition period, to ensure relevant regulations remain appropriate for the UK financial sector.

The statement outlines several areas, discussed below, in which the UK is looking to amend the implementation of EU financial regulation.