On 9 December 2022, the UK Chancellor announced “The Edinburgh Reforms” - a new package for the UK financial services sector comprising 30 regulatory reforms that aim to take forward the government’s “ambition for the UK to be the world’s most innovative and competitive global financial centre". This is all against the backdrop of the Future Regulatory Framework Review outcomes which are being implemented in the Financial Services and Markets Bill currently in Parliament and is likely to be passed at some point in 2023.
On this hub we aim to keep you apprised of the latest news and developments relating to The Edinburgh Reforms, linking related content on financial services regulatory and tax issues covered within the reforms package.
Watch our Flash Call or read our Edinburgh Reforms View of 13 December 2022 where we react to the announcements and set out the key takeaways and our opinion on how ‘new’ they are.
Contact Alex Ainley or your usual Simmons contact for a discussion on how the Edinburgh Reforms will affect your business.
Or let us know here if you would like to sign up to receive further insights on the Edinburgh reforms.
This document (and any information accessed through links in this document) is provided for information purposes only and does not constitute legal advice. Professional legal advice should be obtained before taking or refraining from any action as a result of the contents of this document.
Key contacts
If you have any questions, contact a member of the Edinburgh Reforms team for assistance:
