The IRSG welcomed the opportunity to respond to HMT’s consultation on the value and use cases for a UK taxonomy, as part of the UK’s wider sustainable finance framework. The IRSG believes that it will be important for the government to consider whether proceeding with a UK taxonomy is necessary for the UK to become a world-leading destination for sustainable finance. Alongside this, the government must assess whether introducing a UK taxonomy would maintain and enhance the UK’s position as an internationally competitive and attractive destination for companies to invest and do business, which has a fundamental role to play in delivering sustainable economic growth.
TheCityUK response to HM Treasury's draft SI – ‘The Financial Services and Markets Act 2000 (Regulated Activities and Miscellaneous Provisions) (Cryptoassets) Order 2025’
Our response supports the aims of the SI to bring certain cryptoasset activities within the UK’s financial regulatory perimeter. However, we have identified several technical refinements that are necessary to achieve this effectively and avoid the likely unintended consequences of the current drafting.