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The Financial Services Act 2021 (Commencement No. 3) Regulations 2021

S.I. 2021/1173 · Made 21 October 2021

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Financial Services

Made 21st October 2021

The Treasury make the following Regulations in exercise of the power conferred by section 49(5) of the Financial Services Act 2021f1.

Annotations to the whole text

Footnotes

f1

2021 c. 22.

Contents

  1. 1Citation
  2. 2Commencement
  3. Signature
  4. Explanatory note

1Citation

These Regulations may be cited as the Financial Services Act 2021 (Commencement No. 3) Regulations 2021.

2Commencement

Section 31 of the Financial Services Act 2021 (maximum sentences for insider dealing and financial services offences) comes into force on 1st November 2021.

Signature

Alan Mak

Rebecca Harris

Two of the Lords Commissioners of Her Majesty’s Treasury

21st October 2021

Explanatory note

(This note is not part of the Regulations)

Regulation 2 of these Regulations commences a provision of the Financial Services Act 2021 (c. 22) dealing with maximum sentences for insider dealing and financial services offences (section 31). An impact assessment has not been published for these Regulations as they have no impact on the costs to business or the public or voluntary sectors independent of the provision these Regulations bring into force. A full impact assessment has been published in relation to the Act and copies can be obtained from HM Treasury, 1 Horse Guards Road, London, SW1A 2HQ or at https://publications.parliament.uk/pa/bills/cbill/58-01/0200/FS%20Bill%20Impact%20Assessment%20-%20October%202020%20-%20201020.pdf.