{
  "url": "https://openlegislation.uk/financial-services-and-markets-act-2023/section-1",
  "json_url": "https://openlegislation.uk/financial-services-and-markets-act-2023/section-1.json",
  "legislation": "ukpga/2023/29",
  "legislation_title": "Financial Services and Markets Act 2023",
  "legislation_url": "https://openlegislation.uk/financial-services-and-markets-act-2023",
  "path": "section/1",
  "kind": "section",
  "number": "1",
  "heading": "Revocation of assimilated law relating to financial services and markets",
  "text": "(1) The legislation referred to in Schedule 1 is revoked.\n(2) In that Schedule—\n(a) Part 1 refers to assimilated direct principal legislation;\n(b) Part 2 refers to subordinate legislation;\n(c) Part 3 refers to EU tertiary legislation and subordinate legislation made under an instrument referred to in Part 2;\n(d) Part 4 refers to primary legislation;\n(e) Part 5 refers to other EU-derived legislation not covered by Parts 1 to 3.\n(3) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\n(4) The revocation of any legislation in accordance with this section does not affect the continued effect of any amendments to other legislation made by that revoked legislation (as those amendments had effect immediately before the revocation).\n(5) The Treasury may by regulations provide for specified subordinate legislation, or for subordinate legislation of a specified description, otherwise falling within Part 5 of Schedule 1, not to fall within that Part.\n(6) Regulations under subsection (5) are subject to the negative procedure.",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "Words in s. 1(2)(a) substituted (1.1.2024) by The Retained EU Law (Revocation and Reform) Act 2023 (Consequential Amendment) Regulations 2023 (S.I. 2023/1424), reg. 1(2), Sch. para. 107(3)(b)"
    },
    {
      "type": "F",
      "label": "F2",
      "text": "S. 1(3) omitted (1.1.2024) by virtue of The Retained EU Law (Revocation and Reform) Act 2023 (Consequential Amendment) Regulations 2023 (S.I. 2023/1424), reg. 1(2), Sch. para. 107(3)(c)"
    },
    {
      "type": "F",
      "label": "F3",
      "text": "Word in s. 1 heading substituted (1.1.2024) by The Retained EU Law (Revocation and Reform) Act 2023 (Consequential Amendment) Regulations 2023 (S.I. 2023/1424), reg. 1(2), Sch. para. 107(3)(a)"
    },
    {
      "type": "I",
      "label": "I1",
      "text": "S. 1 not in force at Royal Assent, see s. 86(3)"
    },
    {
      "type": "I",
      "label": "I2",
      "text": "S. 1(1) in force at 11.7.2023 for specified purposes by S.I. 2023/779, reg. 2(a)"
    },
    {
      "type": "I",
      "label": "I3",
      "text": "S. 1(1) in force at 29.8.2023 for specified purposes by S.I. 2023/779, reg. 3(a)"
    },
    {
      "type": "I",
      "label": "I4",
      "text": "S. 1(1) in force at 14.12.2023 for specified purposes by S.I. 2023/1382, reg. 2(a)"
    },
    {
      "type": "I",
      "label": "I5",
      "text": "S. 1(1) in force at 1.1.2024 for specified purposes by S.I. 2023/779, reg. 5(a)"
    },
    {
      "type": "I",
      "label": "I6",
      "text": "S. 1(1) in force at 1.1.2024 for specified purposes by S.I. 2023/1382, reg. 3(a)"
    },
    {
      "type": "I",
      "label": "I7",
      "text": "S. 1(1) in force at 5.4.2024 for specified purposes by S.I. 2023/1382, reg. 4(a)"
    },
    {
      "type": "I",
      "label": "I8",
      "text": "S. 1(1) in force at 30.6.2024 for specified purposes by S.I. 2023/1382, reg. 5(a)"
    },
    {
      "type": "I",
      "label": "I9",
      "text": "S. 1(1) in force at 29.10.2024 for specified purposes by S.I. 2024/1071, reg. 2(a)"
    },
    {
      "type": "I",
      "label": "I10",
      "text": "S. 1(1) in force at 1.11.2024 for specified purposes by S.I. 2024/891, reg. 2(a)"
    },
    {
      "type": "I",
      "label": "I11",
      "text": "S. 1(1) in force at 31.12.2024 for specified purposes by S.I. 2024/620, reg. 2(a)"
    },
    {
      "type": "I",
      "label": "I12",
      "text": "S. 1(1) in force at 31.12.2024 for specified purposes by S.I. 2024/1071, reg. 5(a)"
    },
    {
      "type": "I",
      "label": "I13",
      "text": "S. 1(1) in force at 14.5.2025 for specified purposes by S.I. 2025/572, reg. 2(a)"
    },
    {
      "type": "I",
      "label": "I14",
      "text": "S. 1(1) in force at 15.7.2025 for specified purposes by S.I. 2025/873, reg. 2(a)"
    },
    {
      "type": "I",
      "label": "I15",
      "text": "S. 1(1) in force at 31.7.2025 for specified purposes by S.I. 2025/572, reg. 3(a)"
    },
    {
      "type": "I",
      "label": "I16",
      "text": "S. 1(1) in force at 23.10.2025 for specified purposes by S.I. 2025/1078, reg. 2(a) (with reg. 11)"
    },
    {
      "type": "I",
      "label": "I17",
      "text": "S. 1(1) in force at 28.11.2025 for specified purposes by S.I. 2025/873, reg. 3(a) (with reg. 5)"
    },
    {
      "type": "I",
      "label": "I18",
      "text": "S. 1(1) in force at 1.12.2025 for specified purposes by S.I. 2025/1078, reg. 4(a)"
    },
    {
      "type": "I",
      "label": "I19",
      "text": "S. 1(1) in force at 1.1.2026 for specified purposes by S.I. 2025/873, reg. 4(a) (with reg. 6)"
    },
    {
      "type": "I",
      "label": "I20",
      "text": "S. 1(1) in force at 19.1.2026 for specified purposes by S.I. 2025/1078, reg. 5(a) (with reg. 12)"
    },
    {
      "type": "I",
      "label": "I21",
      "text": "S. 1(1) in force at 30.3.2026 for specified purposes by S.I. 2025/1078, reg. 6(a)"
    },
    {
      "type": "I",
      "label": "I22",
      "text": "S. 1(1) in force at 6.4.2026 for specified purposes by S.I. 2025/1078, reg. 7(a)"
    },
    {
      "type": "I",
      "label": "I23",
      "text": "S. 1(1) in force at 1.7.2026 for specified purposes by S.I. 2026/45, reg. 2(a)"
    },
    {
      "type": "I",
      "label": "I24",
      "text": "S. 1(1) in force at 13.7.2026 for specified purposes by S.I. 2026/587, reg. 2(a)"
    },
    {
      "type": "I",
      "label": "I25",
      "text": "S. 1(2)(4)(5)(6) in force at 11.7.2023 by S.I. 2023/779, reg. 2(b)"
    }
  ],
  "outstanding_effects": [
    {
      "type": "coming into force",
      "affecting": "uksi/2026/174",
      "affecting_title": "The Financial Services and Markets Act 2023 (Commencement No. 13) Regulations 2026"
    },
    {
      "type": "coming into force",
      "affecting": "uksi/2026/682",
      "affecting_title": "The Financial Services and Markets Act 2023 (Commencement No. 15 and Saving and Transitional Provisions) Regulations 2026"
    },
    {
      "type": "coming into force",
      "affecting": "uksi/2026/45",
      "affecting_title": "The Financial Services and Markets Act 2023 (Commencement No. 12 and Saving Provisions) Regulations 2026"
    },
    {
      "type": "coming into force",
      "affecting": "uksi/2025/1078",
      "affecting_title": "The Financial Services and Markets Act 2023 (Commencement No. 11 and Saving Provisions) Regulations 2025"
    },
    {
      "type": "coming into force",
      "affecting": "uksi/2025/1078",
      "affecting_title": "The Financial Services and Markets Act 2023 (Commencement No. 11 and Saving Provisions) Regulations 2025"
    }
  ],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2023/29/section/1",
    "retrieved_at": "2026-10-29T08:52:13.792774+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."
}