Investing news in 2023
6 stories, newest first.
- May 2023
Treasury Committee recommends regulating unbacked cryptoasset trading as gambling
The Treasury Committee has told the Government to regulate retail trading and investment in unbacked cryptoassets as gambling, not as a financial service, in a report published on 17 May 2023.
- April 2023
Amendments to ISA and Child Trust Funds legislation take effect
HM Revenue and Customs has published amendments to Individual Savings Accounts and Child Trust Funds legislation, taking effect from 6 April 2023, covering safeguards for investors and clarification of doubtful cases.
Dividend and capital gains tax allowance cuts take effect
The dividend and capital gains tax allowances announced in Jeremy Hunt's 2022 Autumn Budget took effect on 6 April 2023, halving the amounts that can be earned before tax is due.
- March 2023
ISA Regulations amended for Dormant Assets Act 2022, recognised schemes, investment trusts and junior ISA manager rules
The Treasury has amended the ISA Regulations 1998 with effect from 6 April 2023, changing dormant account definitions, recognised scheme status, investment trust share rules and junior ISA manager withdrawal.
Silicon Valley Bank and Credit Suisse collapse sparks FSCS review
The Bank of England is reviewing the deposit guarantee scheme after the March 2023 collapses of Silicon Valley Bank and Credit Suisse, including whether to raise the £85,000 protection limit.
- January 2023
HM Treasury consults on future financial services regulatory regime for cryptoassets
HM Treasury has opened a consultation and call for evidence on a future financial services regulatory regime for cryptoassets, setting out plans to bring crypto activities within the existing framework of financial regulation.