Here are some of the measures announced:
- Reforming the Ring-Fencing Regime for Banks
- Issuing new remit letters for the PRA and FCA with clear, targeted recommendations on growth and international competitiveness
- Reforming securitisation regulation
- Launching a Call for Evidence on reforming the Short Selling Regulation
- Welcoming the PRA consultation on removing rules for the capital deduction of certain non-performing exposures held by banks
- Overhauling the UK's regulation of prospectuses
- Committing to establish the independent Investment Research Review
- Committing to having a regime for a UK consolidated tape in place by 2024
- Consulting on reform to the VAT treatment of fund management
- Consulting in Q1 2023 on bringing Environmental, Social, and Governance ratings providers into the regulatory perimeter
- Consulting on a UK retail central bank digital currency alongside the Bank of England in the coming weeks
- Publishing a response to the consultation on expanding the Investment Manager Exemption to include cryptoassets
- Laying regulations in early 2023 to remove well-designed performance fees from the pensions regulatory charge cap
(Reporting by William James)