Regulation between the European Union and the UK is set to continue on a path of divergence in 2024, as the UK Government looks to onshore EU legislation.
With the passing of the Financial Services and Markets Act in June, the UK government is primed to create a "huge amount of change coming through next year", which will diverge from current EU legislation, according to Pippa Tasker, financial services partner at CMS. The migration of legislation began with various elements in 2023, and Tasker said this would "continue into next year", as further detail is added. Proof of value a key challenge for firms as industry shifts focus to consumer Sumit Indwar, financial regulation partner for Linklaters, explained that while 2023 was a yea...
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