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ARTICLE · 03 SEPTEMBER 2025

Leeds Reforms Outline Plans For Financial Services Sector

Addleshaw Goddard
Addleshaw Goddard
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On 15 July, HM Treasury announced Leeds Reforms which represent the most comprehensive overhaul of the UK financial system in over a decade...

United KingdomFinance and Banking
Tess Kelly
Tess Kelly
Stephen Fishbourne
Stephen Fishbourne
Aidan Coghlan
Aidan Coghlan
Julien Bacus
Julien Bacus
Pierre Mathé
Pierre Mathé

On 15 July, HM Treasury announced Leeds Reforms which represent the most comprehensive overhaul of the UK financial system in over a decade, with the aim of making the UK the leading global destination for financial services by 2035. Key initiatives include unlocking retail investment through FCA-led "Targeted Support" and allowing Long Term Asset Funds within ISAs. Reforms will also free up capital for investment by raising the MREL threshold and reviewing the ring-fencing regime, while Basel 3.1 rules will be tailored to support UK competitiveness.

On 15 July, HM Treasury announced Leeds Reforms which represent the most comprehensive overhaul of the UK financial system in over a decade, with the aim of making the UK the leading global destination for financial services by 2035.

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