Treasury publishes draft Brexit amendment SI

Treasury has published a draft statutory instrument, intended to take effect from 1 January 2024 which will use powers under FSMA 2023 to make various changes to primary and secondary legislation to remove or amend provisions that are no longer relevant following Brexit. One change will amend the Payment Account Regulations to remove definitions that are no longer needed as a result of repeals of Schedules 1 and 2 of the Regulations.

Emma Radmore