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The Financial Services and Markets Act 2023 (Commencement No. 14) Regulations 2026

S.I. 2026/587 · Made 3 June 2026

Original text. legislation.gov.uk does not revise statutory instruments, so later amendments are not shown here. Changes made to it are listed under each provision when known.

FINANCIAL SERVICES AND MARKETS

Made 3rd June 2026

The Treasury make these Regulations in exercise of the power conferred by section 86(3) of the Financial Services and Markets Act 2023f1.

Annotations to the whole text

Footnotes

f1

2023 c. 29.

Contents

  1. 1Citation
  2. 2Provisions coming into force on 13th July 2026
  3. Signature
  4. Explanatory note

1Citation

These Regulations may be cited as the Financial Services and Markets Act 2023 (Commencement No. 14) Regulations 2026.

2Provisions coming into force on 13th July 2026

The following provisions of the Financial Services and Markets Act 2023 come into force on 13th July 2026—

(a)

section 1(1) (revocation of assimilated law relating to financial services and markets), so far as it relates to the provisions in paragraphs (b) to (d) of this regulation;

(b)

in Part 1 (assimilated direct principal legislation) of Schedule 1 (revocation of assimilated law relating to financial services), the revocation of Regulation (EU) No 236/2012 of the European Parliament and of the Council of 14 March 2012 on short selling and certain aspects of credit default swapsf1;

(c)

in Part 2 (subordinate legislation) of Schedule 1, the revocation of the Financial Services and Markets Act 2000 (Short Selling) Regulations 2012f2;

(d)

in Part 3 (EU tertiary legislation etc.) of Schedule 1, the revocation off3—

(i)

Commission Delegated Regulation (EU) No 826/2012 of 29 June 2012 supplementing Regulation (EU) No 236/2012 of the European Parliament and of the Council with regard to regulatory technical standards on notification and disclosure requirements with regard to net short positions, the details of the information to be provided to the European Securities and Markets Authority in relation to net short positions and the method for calculating turnover to determine exempted sharesf4;

(ii)

Commission Implementing Regulation (EU) No 827/2012 of 29 June 2012 laying down implementing technical standards with regard to the means for public disclosure of net position in shares, the format of the information to be provided to the European Securities and Markets Authority in relation to net short positions, the types of agreements, arrangements and measures to adequately ensure that shares or sovereign debt instruments are available for settlement and the dates and period for the determination of the principal venue for a share according to Regulation (EU) No 236/2012 of the European Parliament and of the Council on short selling and certain aspects of credit default swapsf5;

(iii)

Commission Delegated Regulation (EU) No 918/2012 of 5 July 2012 supplementing Regulation (EU) No 236/2012 of the European Parliament and of the Council on short selling and certain aspects of credit default swaps with regard to definitions, the calculation of net short positions, covered sovereign credit default swaps, notification thresholds, liquidity thresholds for suspending restrictions, significant falls in the value of financial instruments and adverse eventsf6;

(iv)

Commission Delegated Regulation (EU) No 919/2012 of 5 July 2012 supplementing Regulation (EU) No 236/2012 of the European Parliament and of the Council on short selling and certain aspects of credit default swaps with regard to regulatory technical standards for the method of calculation of the fall in value for liquid shares and other financial instrumentsf7;

(v)

The Short Selling (Notification Thresholds) Regulations 2021f8;

(vi)

The Short Selling (Notification Threshold) Regulations 2023f9.

Signature

Taiwo Owatemi

Christian Wakeford

Two of the Lords Commissioners of His Majesty’s Treasury

3rd June 2026

Explanatory note

(This note is not part of the Regulations)

These Regulations are the 14th commencement Regulations made under the Financial Services and Markets Act 2023 (c. 29) (“the Act”).

Section 1(1) of the Act revokes the legislation listed in Schedule 1 to that Act, which includes assimilated direct principal legislation, subordinate legislation and EU tertiary legislation.

These Regulations bring into force on 13th July 2026 section 1(1) of the Act so far as it relates to the revocation of certain instruments referred to in Schedule 1 to the Act. Those instruments are as follows—

  • Regulation (EU) No 236/2012 of the European Parliament and of the Council of 14 March 2012 on short selling and certain aspects of credit default swaps (“the EU Short Selling Regulation 2012”);

  • the Financial Services and Markets Act 2000 (Short Selling) Regulations 2012;

  • instruments made under the EU Short Selling Regulation 2012.

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 the Act 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.