Introductory text

Draft Regulations laid before Parliament under sections 71S(2) and 429(9) of the Financial Services and Markets Act 2000 (c. 8) and sections 4(9), 83(3) and 84(5) of the Financial Services and Markets Act 2023 (c. 29), for approval by resolution of each House of Parliament.

FINANCIAL SERVICES AND MARKETS

Made

Coming into force in accordance with regulation 2

The Treasury make these Regulations in exercise of the powers conferred by sections 71K, 71M(3), 71N(2) and (5), 71O(2) and (10), 71Q, 71R and 428(3) of the Financial Services and Markets Act 2000^f1 and sections 4, 83(1) and (2), 84(2) and 86(5) and (6) of the Financial Services and Markets Act 2023^f2.

A draft of these Regulations has been laid before and approved by a resolution of each House of Parliament in accordance with sections 71S(2) and 429(9) of the Financial Services and Markets Act 2000^f3 and sections 4(9), 83(3) and 84(5) of the Financial Services and Markets Act 2023^f4.

Annotations

Footnotes

f1: 2000 c. 8; sections 71K, 71M, 71N, 71O, 71Q and 71R were inserted by section 8(2) of the Financial Services and Markets Act 2023 (c. 29). Section 428(3) was amended by section 66(3)(a) of the Financial Services and Markets Act 2023.
f2: 2023 c. 29.
f3: Section 71S was inserted by section 8(2) of the Financial Services and Markets Act 2023; section 429(9) was inserted by paragraph 16(3) of Schedule 8 to the Financial Services Act 2021 (c. 22) and amended by section 8(8)(c) of the Financial Services and Markets Act 2023.
f4: For the meaning of “the affirmative procedure”, see section 84(3) of the Financial Services and Markets Act 2023.