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The UK is ripping up the EU trading rulebook — five key takeaways from the Financial Services and Markets Bill

The bill affects everything from dark trading to crypto to regulators' powers

By

Jeremy Chan

New Chancellor Nadhim Zahawi launched a 330-page overhaul of rules for the UK finance industry post Brexit
New Chancellor Nadhim Zahawi launched a 330-page overhaul of rules for the UK finance industry post Brexit Photo: Getty Images

The UK government dropped its flagship legislation that would change many of the rules governing Britain’s financial markets.

Since Brexit, the UK has been operating with EU laws but with the introduction of the whopping 330-page Financial Services and Markets Bill, the divergence between Britain and the continent is set to widen.

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