Member

The SI is a flagship deliverable under the Government’s strategy to enhance the UK’s position as a global financial centre by facilitating mutual recognition and regulatory co-operation with Switzerland. It supports increased cross-border trade flows, reduces duplicative regulatory burdens and strengthens the UK’s competitiveness in wholesale financial services. This SI is important because it translates an international agreement into practical and enforceable UK law, unlocking new opportunities for cross-border financial services trade and underpinning the UK’s wider strategy for growth and competitiveness in this sector.