The Financial Services and Markets Bill is a government bill that would make wide-ranging changes to the regulation of financial services in the UK. It would implement the outcomes of the Future Regulatory Framework review by repealing retained EU law relating to financial services. It would transfer responsibility for these areas of regulation to the financial services regulators. Among other things, the bill contains provisions to enable the establishment of a regime to regulate stablecoins, a type of cryptoasset, and to protect access to cash.
Financial Services and Markets Bill (466KB PDF)
On 10 January 2023, the second reading of the Financial Services and Markets Bill is scheduled to take place in the House of Lords.
The Financial Services and Markets Bill seeks to make wide-ranging changes to the regulation of financial services in the UK. It would implement the outcomes of the Future Regulatory Framework review, a several-stage process conducted between 2019 and 2022 that sought views on the regulation of financial services after the UK’s exit from the EU.
The bill would make provision for the revocation of retained EU law relating to financial services. It would transfer responsibility for these areas of regulation to the financial services regulators.
The bill also provides for establishment of a regime to regulate stablecoins, a type of cryptoasset. These and other provisions could be used to regulate cryptoassets more generally in the future.
The bill would, among other things, bring in measures to allow regulators to:
The bill also contains measures to:
The Labour Party has stated that it “broadly supports” the measures in the bill.
Financial Services and Markets Bill (466KB PDF)
Concerns have been raised about levels of welfare spending in the UK and increasing numbers of young people not in education, employment or training. This briefing sets out statistics, government policy and commentary on welfare and youth employment. This includes the government’s youth guarantee, its ‘Get Britain working’ policies and the interim report by Alan Milburn on young people and work.
Rural areas contribute a significant proportion of England’s economic output. The government has announced several policies intended to support growth in the rural economy, including farming. However, it has faced criticism for the delay in outlining its overall strategy for the agricultural sector. This briefing provides data on the rural economy and summarises government policy and stakeholder reaction
The Financial Services and Markets Bill [HL] is a government bill that would make reforms to several areas of financial regulation, including reforms to the Financial Ombudsman Service, abolishing the Payment Systems Regulator, introducing a ‘provisional licences’ authorisation scheme, and making reforms to the UK’s bank ring-fencing regime. Its second reading in the House of Lords is scheduled to take place on 8 June 2026.
![Financial Services and Markets Bill [HL]: HL Bill 5 of 2026–27](https://lordslibrary-parliament.studio24.dev/content/uploads/sites/2/2026/06/tadas-petrokas-G7nWQwb6AP4-unsplash-568x320.jpg)