UK Financial Services and Markets Bill

We are awaiting with interest the introduction to Parliament of the recently announced Financial Services and Markets Bill, which should help promote investment, boost the UK's capital markets and reduce unnecessary burdens for market participants. Significant new protections for consumers are being proposed, such as protecting access to cash and additional measures to reduce the risks and consequences of scams. It is unclear whether the Bill will include the new measures to close the regulatory loophole for non-transferable securities, which the HM Treasury recently concluded its consultation on and which would sit well with this round of legislative changes.