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Following techUK’s ‘Call for Comments’ process toward the Public Bill Committee’s review of the Government’s Financial Services and Markets Bill, techUK will be hosting a briefing with Mathew Rutter, Partner at DAC Beachcroft covering key areas of the Bill and what it means for the UK’s financial services sector. See below for an overview of the Bill’s Fin-Tech related coverage, giving some inspiration for questions to ask Mathew on the day –

The Financial Services and Markets Bill (FSMB) seeks to define the sector’s post-Brexit regulatory framework, including numerous changes to how both financial institutions and firms use technology and data. From a perspective of financial-technology policy-making the proposals can be summed-up in four key areas:

  1. Changes to regulatory relations between regulatory/financial institutions, firm and ‘critical’ third parties within tackling systemic/firm specific operational resilience challenges
  1. HM Treasury’s powers in formulating Financial Market Infrastructure (FMI) sandboxes within the task of ‘testing’ various regulatory environments
  1. Expanded coordination between regulatory institutions to improve technology use across the sector, tackle threats of systemic crisis and open regulatory space for digital currencies including stablecoin
  1. Secondary objective for both the FCA and PRA for international competitiveness

Sign-up for this briefing to see how the Bill will impact suppliers within the financial space, with a chance to ask Matthew in-depth questions (so please plan these in advance) on what the Bill will mean for the future regulatory policy-making landscape of the financial sector.

See here for techUK’s overview of the Bill.

Mathew  Rutter

Mathew Rutter

Partner, DAC Beachcroft

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