LONDON (Reuters) – 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.
(Reporting by Andy Bruce; Editing by William Schomberg)
