Introductory text

FINANCIAL SERVICES AND MARKETS

Made 10th June 2025

Coming into force 11th June 2025

The Treasury make these Regulations in exercise of the powers conferred by section 3(1) of the Financial Services and Markets Act 2023^f1.

A draft of these Regulations has been laid before and approved by a resolution of each House of Parliament in accordance with section 3(10) of the Financial Services and Markets Act 2023^f2.

The Treasury have consulted the Financial Conduct Authority, the Prudential Regulation Authority and the Bank of England as required by section 3(6) of that Act.

Annotations

Footnotes

f1: 2023 c. 29.
f2: For the meaning of “the affirmative procedure”, see section 84(3) of the Financial Services and Markets Act 2023.