On 31 October 2025, UK Treasury issued instrument re overseas recognition.
- UK Treasure issued statutory instrument Financial services (overseas recognition regime designations) regulations 2025 (StIn 2025/1147), and explanatory memo.
- Follows UK Treasury July 2025, details of overseas recognition regimes.
Overseas Recognition Regimes
- As per the powers in the Financial Services and Markets Act 2023 (FSMA 2023), UK Treasury makes this instrument and sets out certain powers and obligations.
- Specifically, in relation to UK Treasury's overseas recognition regimes, and the instrument has legislative provisions that allow recognition by UK Treasury.
- This is in order that UK Treasury can recognize the regulatory framework governing the financial services of any country/territory outside the UK (overseas jurisdiction).
- Also, the Short Selling Regulations 2025 definition of overseas jurisdiction is amended.
Effectiveness
- The StIn 2025/1147 regulations become effective 28 November 2025.
