{
  "url": "https://openlegislation.uk/financial-services-act-2021-commencement-no-1-regulations-2021/regulation-5",
  "json_url": "https://openlegislation.uk/financial-services-act-2021-commencement-no-1-regulations-2021/regulation-5.json",
  "legislation": "uksi/2021/671",
  "legislation_title": "The Financial Services Act 2021 (Commencement No. 1) Regulations 2021",
  "legislation_url": "https://openlegislation.uk/financial-services-act-2021-commencement-no-1-regulations-2021",
  "path": "regulation/5",
  "kind": "regulation",
  "number": "5",
  "heading": "Provisions coming into force on 1st January 2022",
  "text": "(1) The following provisions of the Act come into force on 1st January 2022—\n(a) section 1 (exclusion of certain investment firms from the Capital Requirements Regulation);\n(b) Schedule 1 (exclusion of certain investment firms from the Capital Requirements Regulation: consequential amendments);\n(c) Schedule 4 in so far as it is not already in force.\n(2) Where the effect of paragraph (1) is to remove the FCA’s power to make, modify, amend or revoke technical standards, the FCA shall retain the power to modify, amend or revoke any technical standards in force immediately before the 1st January 2022 which were—\n(a) adopted by the European Commission before IP completion day, or\n(b) made by the FCA after IP completion day\nunder the relevant provisions.\n(3) In this regulation, “FCA” means the Financial Conduct Authority.",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "Reg. 5 renumbered as reg. 5(1) (1.1.2022) by The Financial Services Act 2021 (Commencement No. 1) (Amendment) (Savings Provision) Regulations 2021 (S.I. 2021/1163), regs. 1(2), 2(2)(a)"
    },
    {
      "type": "F",
      "label": "F2",
      "text": "Reg. 5(2)(3) inserted (1.1.2022) by The Financial Services Act 2021 (Commencement No. 1) (Amendment) (Savings Provision) Regulations 2021 (S.I. 2021/1163), regs. 1(2), 2(2)(b)"
    },
    {
      "type": "I",
      "label": "I1",
      "text": "Reg. 5 in force at made date"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2021/671/regulation/5",
    "retrieved_at": "2026-10-28T22:12:39.553517+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}