This is an update of an article originally published on 5 June 2023 as part of our publication "Securitisation markets and regulation: choosing different paths?", accessible here. Please note that we have updated this article only in this specific circumstance due to the passing of the FSMA 2023 and the REUL Act.
The Edinburgh Reforms will bring about the biggest change in UK financial services regulation since the Financial Services and Markets Act in 2000. So when will we start to see this change, what will it mean for regulated firms and market participants, and how does this fit with the broader programme for repeal of legacy EU legislation?