{
  "url": "https://openlegislation.uk/financial-services-act-2021-commencement-no-5-regulations-2023/regulation-2",
  "json_url": "https://openlegislation.uk/financial-services-act-2021-commencement-no-5-regulations-2023/regulation-2.json",
  "legislation": "uksi/2023/934",
  "legislation_title": "The Financial Services Act 2021 (Commencement No. 5) Regulations 2023",
  "legislation_url": "https://openlegislation.uk/financial-services-act-2021-commencement-no-5-regulations-2023",
  "path": "regulation/2",
  "kind": "regulation",
  "number": "2",
  "heading": "Provisions of the Financial Services Act 2021 coming into force on 1 September 2023",
  "text": "The provisions of the Financial Services Act 2021 specified in paragraphs (a) to (c) come into force on 1 September 2023—\n(a) section 22(5) and Schedule 6 (Gibraltar-based persons carrying on activities in the UK) only so far as they insert the following paragraphs of Schedule 2A into FSMA 2000—\n(i) paragraph 1 (Gibraltar-based person);\n(ii) paragraph 2 (regulators) except for the definition of “UK regulator” in sub-paragraph (1);\n(iii) paragraph 3 (activities and branches);\n(iv) paragraph 5 (approval of regulated activities);\n(v) paragraph 6 (corresponding activities regulated in Gibraltar);\n(vi) paragraph 7 (objectives);\n(vii) paragraph 8 (alignment of law and practice);\n(viii) paragraph 9 (co-operation);\n(ix) paragraph 10 (consultation);\n(x) paragraph 12(4) (definition of “Schedule 2A permission”);\n(xi) paragraph 55(5) (power to prescribe the meaning of “private person”);\n(xii) paragraph 83 (Gibraltar-based individuals carrying on insurance distribution activities);\n(b) section 22(7) and the following paragraphs of Schedule 8 (Gibraltar: minor and consequential amendments)—\n(i) paragraph 5 only so far as it inserts section 137AA(3) and (4) into FSMA 2000 (power to limit the FCA’s general rules);\n(ii) paragraph 6 only so far as it inserts section 137GA(2) and (3) into FSMA 2000 (power to limit the PRA’s general rules);\n(iii) paragraph 7 (amendments to section 213 of FSMA 2000);\n(iv) paragraph 9 (amendments to section 224 of FSMA 2000);\n(v) paragraph 14 (amendments to section 417 of FSMA 2000) except for the definition of “Schedule 2B permission”;\n(vi) paragraph 16 (amendments to section 429 of FSMA 2000) except so far as it relates to paragraphs 58(3)(a), 59(3)(a) and 60(8) of Schedule 2A;\n(c) section 22(8) to (11) (power to amend Parts 7 and 18A of FSMA 2000, etc).",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2023/934/regulation/2",
    "retrieved_at": "2026-10-28T21:41:16.020879+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."
}