Context
HM Treasury (HMT) has published a letter from the Chancellor, responding to a request from the Chair of the Treasury Committee for an update on the delivery of the Edinburgh reforms.
Key points to note
Key milestones noted in the letter include:
- Publishing near final legislation to reform the UK’s prospectus regime on 11 July 2023, delivering the recommendations as made in Lord Hill’s UK Listing Review.
- Accepting all of the recommendations made to government by the independent Investment Research Review.
- Publishing a draft Statutory Instrument to deliver a regulatory framework for a UK consolidated tape by the end of 2023.
- Bringing forward legislation in December 2022 and March 2023 to implement reforms recommended in the Wholesale Markets Review.
- On 7 February 2023, launching a consultation on a UK retail central bank digital currency alongside the Bank of England.
- Launching the updated Green Finance Strategy on 30 March 2023.
A full breakdown of HMT’s progress in implementing the Edinburgh reforms, including current status and planned completion dates where relevant, is attached to the letter.
Next actions
None – for information and awareness.