The chairs of TheCityUK’s Green and Sustainable Finance Group and the IRSG ESG Committee wrote to Baroness Penn, Parliamentary Secretary, HMT, following the publication of the Update to the Green Finance Strategy. The strategy marks a significant step forward in the UK’s move towards a greener future and, with the right delivery, will put the UK in a strong position to attract private finance and implement its net-zero commitments.
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.