BRITAIN REVEALS ITS POST-BREXIT CAPITAL MARKET REFORM AGENDA
In March 1, 2022 speech, Britain’s Economic Secretary to the Treasury outlined plans to make the country’s capital markets more attractive following Brexit. The announcement comes following Treasury’s Wholesale Markets Review consultations. Proposed reforms include:
The speech acknowledges these represent some divergence from the current MiFID framework, an outcome which was to be expected as the UK and the EU adapt their regulatory frameworks to their markets’ needs.