The Chancellor’s speech noted how government is delivering on its vision for an open, green, and technologically advanced financial services sector that is globally competitive.

An important part of this agenda is the Financial Services and Markets Bill, introduced on 20th July. The Bill seizes the opportunities of Brexit, tailoring financial services regulation to UK markets to bolster the competitiveness of the UK as a global financial centre and deliver better outcomes for consumers and businesses.

In addition, the Chancellor set out progress in a number of other areas, including:

• Accepting the recommendations to the government of the Secondary Capital Raising Review, including appointing a Chair of a new Digitisation Taskforce
• Delivering reforms to the Prospectus Regime
• Delivering reforms to Solvency II
• Supporting the work of the Transition Plan Taskforce
• Working to understand the application of Distributed Ledger Technology to sovereign debt issuance
• Publishing the first edition of the State of the Sector Report jointly with the City of London Corporation