Policy paper

The Financial Services (Implementation of Legislation) Bill – policy note

This policy note outlines the bill’s purpose, and provides detail on the EU legislative proposals to which it would apply.

• From: HM Treasury
• Published: 28 November 2018
• Last updated: 19 February 2019
  Show all updates

  1. 19 February 2019

     Updated with latest version of 'The Financial Services (Implementation of Legislation) Bill – policy note'

  2. 28 November 2018

     First published.

This was published under the 2016 to 2019 May Conservative government

Documents

The Financial Services (Implementation of Legislation) Bill

PDF, 508 KB, 18 pages

Details

The Financial Services (Implementation of Legislation) Bill would provide the power, in a no-deal scenario, for the UK to implement and make changes to a specified list of ‘in-flight files’. These are pieces of European Union financial services legislation agreed or in negotiation at the point of exit, with implementation dates falling in the two years after exit. This policy note outlines the bill’s purpose, and provides detail on the ‘in-flight files’ specified in the bill itself.