Recently the UK updated its approach to ‘onshoring’ financial services and the guidance is here.
The necessary legislation (as statutory instruments) is now being drafted. There will be considerable numbers of these instruments.
Since financial services are not my area, I do not propose to Blog post further about these. So this Blog post is the only post I will write on this topic.
Financial services underpin a very wide range of ordinary daily commercial and domestic activities, such as for example the deposit guarantee scheme guarantees bank deposits. My suggestion is the reader finds someone who is tracking this subject and follow them also.