Introductory text

FINANCIAL SERVICES AND MARKETS

Made 15th September 2025

Coming into force in accordance with regulation 1

The Treasury make these Regulations in exercise of the powers conferred by sections 21(10)^f1, 22(1)^f2, 286(1)^f3 and 428(3)^f4 of, and paragraph 25 of Schedule 2^f5 to, the Financial Services and Markets Act 2000^f6 and sections 4^f7, 83(1) and (2), 84(2) and 86(5) and (6) of the Financial Services and Markets Act 2023^f8.

In accordance with section 429(9)^f9 of the Financial Services and Markets Act 2000 and sections 4(9) and 84(5) of the Financial Services and Markets Act 2023^f10, a draft of these Regulations has been laid before, and approved by a resolution of, each House of Parliament.

Annotations

Footnotes

f1: See section 21(15) for the definition of “specified”.
f2: See section 22(5) for the definition of “specified”.
f3: Amended by paragraph 2(2) of Schedule 8 to the Financial Services Act 2012 (c. 21) and by S.I. 2017/1064.
f4: Amended by section 66(3)(a) of the Financial Services and Markets Act 2023 (c. 29).
f5: Paragraph 25 was amended by section 8(2) of the Financial Services Act 2012 and section 27(13)(a) of the Financial Guidance and Claims Act 2018 (c. 10).
f6: 2000 c. 8.
f7: Amended by S.I. 2023/1424.
f8: 2023 c. 29.
f9: Inserted by paragraph 16(3) of Schedule 8 to the Financial Services Act 2021 (c. 22); amended by section 8(8)(c) of the Financial Services and Markets Act 2023.
f10: For the meaning of “the affirmative procedure”, see section 84(3) of the Financial Services and Markets Act 2023.