Introductory text

Financial Services And Markets

Made 8th July 2026

Coming into force 13th July 2026

The Treasury make these Regulations in exercise of the power conferred by section 312L(1) of the Financial Services and Markets Act 2000^f1 (“the Act”).

Having had regard to the matters in section 312L(3) of the Act, in the Treasury’s opinion, a failure in, or disruption to, the provision of services by the persons designated by these Regulations could threaten the stability of, or confidence in, the UK financial system.

Pursuant to section 312L(4) of the Act, the Treasury has—

a) consulted the Financial Conduct Authority, the Prudential Regulation Authority and the Bank of England;

b) given notice in writing to the persons to be designated by these Regulations specifying a reasonable period within which those persons may make representations in writing about the proposal; and

c) had regard to any representations made.

Annotations

Footnotes

f1: 2000 c. 8. Section 312L was inserted by section 18 of the Financial Services and Markets Act 2023 (c. 29).