Financial Services and Markets Act 2023
E794063
The Financial Services and Markets Act 2023 is a UK law that updates and reforms the post-Brexit regulatory framework for financial services, including rules for markets, payments, and financial regulators.
Statements (44)
| Predicate | Object |
|---|---|
| instanceOf |
Act of Parliament of the United Kingdom
ⓘ
United Kingdom statute ⓘ |
| aimsTo |
replace retained EU law in financial services with UK-specific rules
ⓘ
streamline and modernise financial regulation ⓘ |
| appliesTo |
UK financial market infrastructures
ⓘ
United Kingdom financial services firms ⓘ payment service providers in the UK ⓘ |
| containsProvisionsOn |
Bank of England regulatory powers
ⓘ
critical third parties to the financial sector ⓘ designated activities regime ⓘ powers of the Financial Conduct Authority ⓘ powers of the Prudential Regulation Authority ⓘ regulation of digital and crypto assets ⓘ regulation of financial markets ⓘ regulation of payment systems ⓘ |
| country | United Kingdom ⓘ |
| jurisdiction | United Kingdom ⓘ |
| languageOfWorkOrName | English ⓘ |
| legalSystem | English law ⓘ |
| legislature | Parliament of the United Kingdom NERFINISHED ⓘ |
| policyObjective |
consumer protection in financial services
ⓘ
financial stability ⓘ growth and competitiveness of the UK financial services sector ⓘ regulatory reform ⓘ |
| purpose |
to adjust powers and responsibilities of UK financial regulators
ⓘ
to reform the UK regulatory framework for financial services after Brexit ⓘ to update rules for financial markets and payments ⓘ |
| regulatorImpacted |
Bank of England
NERFINISHED
ⓘ
Financial Conduct Authority NERFINISHED ⓘ Payment Systems Regulator NERFINISHED ⓘ Prudential Regulation Authority NERFINISHED ⓘ |
| regulatoryDomain |
financial market infrastructure
ⓘ
financial markets ⓘ financial services ⓘ payment services ⓘ |
| relatedTo |
European Union (Withdrawal) Act 2018
NERFINISHED
ⓘ
post-Brexit financial regulation ⓘ |
| replacesOrAmends | Financial Services and Markets Act 2000 NERFINISHED ⓘ |
| shortName | FSMA 2023 NERFINISHED ⓘ |
| subjectMatter |
financial regulation
ⓘ
markets and securities regulation ⓘ payments and e-money regulation ⓘ regulatory governance ⓘ |
| yearEnacted | 2023 ⓘ |
Referenced by (1)
Full triples — surface form annotated when it differs from this entity's canonical label.
Financial Services and Markets Act 2000 (as amended)
→
wasAmendedBy
→
Financial Services and Markets Act 2023
ⓘ
subject surface form:
Financial Services and Markets Act 2000