Valerie Chairs Delegated Legislation Committee

As a member  of the Panel of Chairs, I chaired the delegated legislation committee on the The Draft Financial Services and Markets Act 2023 (Addition of Relevant Enactments) Regulations 2024 on 9 December 2024.

This statutory instrument aims to  update the Financial Services and Markets Act 2023 by adding specific laws to a list that can be modified for testing new financial technologies or methods (called “FMI sandboxes”). It includes rules on government stocks, money laundering, and securities, allowing more flexibility to experiment with innovations while ensuring legal compliance.