LONDON Reuters Britains finance minister pledged on Thursday to sharpen the competitive advantage of the UK financial services sector as he set out his vision for its future after Brexit.

In his first Mansion House speech, traditionally an annual address given by the Chancellor of the Exchequer in the City of London financial district, Rishi Sunak said Britains departure from the European Union was a unique opportunity to tailor rules while maintaining high regulatory standards and open markets.

Brexit has largely severed the Citys ties with investors in the EU, triggering a shift in over 7,500 financial jobs from London to new hubs in the bloc.

Last year the finance ministry rolled out reviews to listings rules, fintech and insurance capital rules, and on Thursday it announced there would be further public consultations on financial reforms.

Sunak said rules on prospectuses, which give investors information about companies that want to list, would be reviewed so that more companies can and do list on UK markets.

He said a review of capital markets would focus first on immediate changes to remove the most ineffective and distortionary regulatory requirements that Britain inherited from the EU, such as the share trading obligation and double volume cap.

These refer to rules that require banks to trade on a particular platform, and curbs on how much share trading can take place off an exchange in the dark.

The finance ministry will also set out how it wants to…