Brexit caused a lot of upheavals, and, like many sectors, the financial services sector continues to feel the effect.
The Edinburgh Reforms
The Edinburgh Reforms announced in December 2022 introduced the next phase in the Government’s strategy to maintain the UK’s position as a leading financial services hub.
“The Edinburgh Reforms seize on our Brexit freedoms to deliver an agile and home-grown regulatory regime that works in the interest of British people and our businesses.” (Chancellor of the Exchequer, Jeremy Hunt)
Changes And New Timeframes
The Reforms brought further changes, and timeframes, causing firms to reconsider planned changes.
Do your horizon scanning activities already have these developments firmly on the radar?
Read our blog to:
- gain an overview of the changes and revised timeframes
- identify what’s changing, and
- consider how this might affect your business processes
Are you familiar with The Edinburgh Reforms? Find out more about the changes and the timeframes so you can stay on top of them.