By: Jochen Vester, Anita Edwards, Simon Lovegrove
On 11 November 2024, HM Treasury ( HMT ) published its response to the consultation on near-term reforms to the UK ring-fencing regime. It also published the draft Financial Services and Markets Act 2000 (Ring-fenced Bodies, Core Activities, Excluded Activities and Prohibitions) (Amendment) Order 2024 (draft Order ) on legislation.gov.uk, along with a draft explanatory memorandum.