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Financial Services Act 2021

What these notes do

These Explanatory Notes relate to the Financial Services Act 2021 (c. 22) which received Royal Assent on 29 April 2021.

  • These Explanatory Notes have been prepared by HM Treasury in order to assist the reader and to help inform debate on the Act. They do not form part of the Act and have not been endorsed by Parliament.
  • These Explanatory Notes explain what each part of the Act will mean in practice; provide background information on the development of policy; and provide additional information on how the Act will affect existing legislation in this area.
  • These Explanatory Notes might best be read alongside the Act. They are not, and are not intended to be, a comprehensive description of the Act.

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