UK:
Mansion House 2023 & Edinburgh Reforms 2022: Progress Tracker
14 July 2023
Herbert Smith Freehills
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On 10 July 2023, the Chancellor gave his Mansion House speech where he presented a
series of 'Mansion House reforms'. Building on last
year's Edinburgh Reforms, the proposals fall under
three themes:
- improving outcomes for long-term savers and increasing
investment in high-growth companies by reforming the UK's
pension market through a series of measures (see our blog posts here and here);
- incentivising companies to start and stay in the UK by
strengthening the UK's position as a listings destination;
and
- reforming and simplifying the financial services rulebook to
ensure that the UK has 'the most growth-friendly regulation
of any financial services centre, without compromising
[our] commitment to stability'.
The full Mansion House package can be accessed here.
The FCA has issued a statement in which it welcomed the
Chancellor's speech and confirmed its commitment to work
closely with HM Treasury to support the proposals announced.
We have updated our briefing to help you keep track of the
latest reform developments following the publication of the Mansion
House package. You can access our briefing on the Mansion
House and Edinburgh Reforms here.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
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