Introductory text

This Statutory Instrument has been made in consequence of a defect in S.I. 2019/325 and is being issued free of charge to all known recipients of that Statutory Instrument.

Draft Regulations laid before Parliament under sections 3(10) and 84(5) of the Financial Services and Markets Act 2023, for approval by resolution of each House of Parliament.

FINANCIAL SERVICES

Made ***

Coming into force in accordance with regulation 1(2)

The Treasury, in exercise of the powers conferred by sections 3(1) and 83 of the Financial Services and Markets Act 2023 (“the Act”)^f1 and regulation 67(1) of the Collective Investment Schemes (Amendment etc.) (EU Exit) Regulations 2019^f2 make these Regulations.

The Treasury have consulted the Financial Conduct Authority and Prudential Regulation Authority in accordance with section 3(6) of the Act.

In accordance with sections 3(10) and 84(5) of the Act, a draft of these Regulations was laid before Parliament and approved by a resolution of each House of Parliament.