Regulation 4 Rules: procedure, etc.I1

United Kingdom

(1)

The following provisions of the Act apply in respect of rules made under regulation 3 as they apply in respect of rules made by the FCA under that Act.

(2)

The provisions are—

(a)

section 138A (modification or waiver of rules) M1;

(b)

section 138B (publication of directions under section 138A) M2;

(c)

section 138F (notification of rules) M3;

(d)

section 138G (rule-making instruments) M4;

(e)

section 138H (verification of rules) M5;

(f)

section 138I (consultation by the FCA) M6 as if—

(i)

in subsection (6), after paragraph (e) there were inserted—

“(f)
regulation 3 of the Credit Rating Agencies (Amendment, etc.) (EU Exit) Regulations 2019.”;

(ii)

in subsection (10), after paragraph (b) there were inserted—

“, or
(c)
to rules made by the FCA under regulation 3 of the Credit Rating Agencies (Amendment, etc.) (EU Exit) Regulations 2019.”;

(iii)

after that subsection there were inserted—

“(10A)
Subsection (2)(d) does not apply to rules made by the FCA under regulation 3 of the Credit Rating Agencies (Amendment, etc.) (EU Exit) Regulations 2019.”

Annotations

Marginal citations

M1: Inserted by section 24(1) of the Financial Services Act 2012 (c. 21) and amended by paragraph 8 of Schedule 3 to the Financial Services (Banking Reform) Act 2013 (c. 33) and S.I. 2013/1388.
M2: Inserted by section 24(1) of the Financial Services Act 2012 (c. 21).
M3: Inserted by section 24(1) of the Financial Services Act 2012 (c. 21) and amended by paragraph 7 of Schedule 3 to the Pension Schemes Act 2015 (c. 8), sections 29(3) and 33(3) of, and paragraph 35 of Schedule 2 to, the Bank of England and Financial Services Act 2016 (c. 14) and paragraph 13 of Schedule 3 to the Financial Guidance and Claims Act 2018 (c. 10).
M4: Inserted by section 24(1) of the Financial Services Act 2012 (c. 21).
M5: Inserted by section 24(1) of the Financial Services Act 2012 (c. 21).
M6: Inserted by section 24(1) of the Financial Services Act 2012 (c. 21) and amended by paragraph 8 of Schedule 3 to the Pension Schemes Act 2015 (c. 8), sections 29(4) and 33(4) of the Bank of England and Financial Services Act 2016 (c. 14) and paragraph 14 of Schedule 3 to the Financial Guidance and Claims Act 2018 (c. 10).

Commencement

I1: Reg. 4 in force at 31.12.2020 on IP completion day (in accordance with 2020 c. 1, Sch. 5 para. 1(1)), see reg. 1(3)

Notes on the whole SI

Textual amendments

F1: Regulations revoked (1.1.2024 for the revocation of reg. 3(3)) by Financial Services and Markets Act 2023 (c. 29), s. 86(3), Sch. 1 Pt. 2 (with s. 1(4)); S.I. 2023/779, reg. 5(c)(iii)