Financial Services Act

Overview of the Act The Financial Services Act ensures the UK’s regulatory framework continues to function effectively following the UK’s withdrawal from the EU, and makes important updates to the regulatory framework. The Act enhances the UK’s world-leading prudential standards and promote financial stability by enabling the implementation of the full set of Basel III […]

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Trade Agreements

Overview of the Act The Trade Act provides key measures that are required as the UK Government develops its trade policy for the UK now it has left the European Union (EU). These measures include: A power to ensure that the UK can implement procurement obligations that arise from the UK acceding to the Agreement […]

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Procurement GPA

Policy background Government Procurement Agreement The GPA is a plurilateral agreement which mutually opens up government procurement markets among its parties within the framework of the WTO. The UK acceded as an independent party on 1 January 2021. The GPA consists of (a) the main text of the agreement and (b) schedules of coverage. The […]

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Qualifications Act

Overview of the Act The Professional Qualifications Act 2022 (“the Act”) revokes the current EU-based system for recognising professional qualifications gained overseas and establishes a new approach based on regulator autonomy and delivering international agreements. It also helps aspiring professionals understand how to access professions.The Act contains provisions to: End the interim system for the […]

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Qualifications

Part 3: Professional Qualifications and Regulations UK Market Access: Professional qualifications and regulation Section 24: Access to professions on grounds of qualifications or experience This section sets out when a professional qualified in one part of the UK is automatically treated as qualified in respect of that profession in another part of the UK (the […]

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