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Enhancing Financial Services Bill Announced In King's Speech 2026
The UK government has announced the Enhancing Financial Services Bill as part of the King's Speech 2026, delivering key aspects of the Leeds Reforms to modernise financial services regulation. The legislation aims to reform the Financial Ombudsman Service, consolidate the Payment Systems Regulator within the FCA, streamline the Senior Managers and Certification Regime, expand credit union capabilities, and update the bank ring-fencing regime.
Herbert Smith Freehills Kramer LLP