# The Financial Services and Markets Act 2023 (Commencement No. 13) Regulations 2026, Note: Explanatory note


(This note is not part of the Regulations)
These Regulations are the 13th commencement regulations made under the Financial Services and Markets Act 2023 (c. 29) (“FSMA 2023”).
Section 1(1) of FSMA 2023 revokes the legislation listed in Schedule 1 to that Act, which includes Regulation (EU) No 575/2013 of the European Parliament and of the Council of 26 June 2013 on prudential requirements for credit institutions and investment firms and amending Regulation (EU) No 648/2012 (EUR 2013/575) (“the Capital Requirements Regulation”).
Regulation 2 brings into force on 1st January 2027 section 1(1) of, and Schedule 1 to, FSMA 2023 so far as they relate to the revocation of Articles 4, 4A, 4B and 5 of the Capital Requirements Regulation. These Articles provide for definitions of terms used in the Capital Requirements Regulation. Some definitions in Article 4 are revoked on 1st January 2027 by virtue of regulation 3 of the Financial Services and Markets Act 2023 (Commencement No. 12 and Saving Provisions) Regulations 2026 (S.I. 2026/45 (C. 5)).
A full impact assessment has not been produced for this instrument as no, or no significant, impact on the private, voluntary or public sector is foreseen. A full impact assessment has been published in relation to FSMA 2023 and copies can be obtained from HM Treasury, 1 Horse Guards Road, London, SW1A 2HQ or at https://bills.parliament.uk/publications/49053/documents/2621.

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Source: https://www.legislation.gov.uk/uksi/2026/174/note (the official version)
Page: https://openlegislation.uk/financial-services-and-markets-act-2023-commencement-no-13-regulations-2026/note
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.