Chancellor hails planned repeal of EU financial laws
The current Chancellor of the Exchequer, Nadim Zahawi, has pledged that laws will be changed under the newly-published Financial Services and Markets Bill.
In a speech at Mansion House this week, Zahawi, said: “The Bill implements the outcomes of the Future Regulatory Framework Review.
“I can announce today that we will repeal hundreds of pieces of retained EU law.
“UK financial regulation will once again be decided in the United Kingdom, for the United Kingdom, by the UK’s expert, independent regulators.
“And, as the regulators take on new responsibilities, we will give the FCA and PRA a new, secondary objective: to facilitate growth and
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