FIN.

Draft Financial Services (Miscellaneous Amendments) (EU Exit) Regulations 2022 published

Treasury has published a draft version of the Financial Services (Miscellaneous Amendments) (EU Exit) Regulations 2022, which make a variety of amendments to allow retained EU legislation to operate effectively after Brexit.

Amongst others, these include amendments to the PSRs 2017 to require small payment institution applicants to demonstrate that, where they have close links with a person outside the UK, there is nothing which would impede the FCA’s effective supervision of them.

 

Lucy Hadrill