UK Sets 2022 Date For New Financial Regulation Regimes

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British authorities said on Monday they planned to implement new financial regulation regimes on Jan. 1 2022.

They comprise the UK’s Investment Firms Prudential Regime, which covers investment firms, and certain Basel 3 reforms that cover bank regulation.

“We have decided to target an implementation date of 1 January 2022 for these two regimes,” the Bank of England and Britain’s finance ministry said in a joint statement.

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