Regulation 2 CommencementI1

United Kingdom

(1)

The following provisions come into force on the day after that on which these Regulations are made—

(a)

this Part,

(b)

Part 2 (designated activities),

(c)

regulation 8 (matters to which FCA and PRA must have regard when making rules relating to securitisation),

(d)

regulation 13 (designation of country or territory in relation to securitisations), for the purpose only of enabling the Treasury to make regulations, and

(e)

the remaining provisions, for the purposes only of enabling the FCA or the PRA—

(i)

to make rules,

(ii)

to give directions or guidance, or

(iii)

to issue statements of policy.

(2)

So far as not already in force by virtue of paragraph (1), these Regulations come into force on F11st November 2024 (“the main commencement day”).

Annotations

Textual amendments

F1: Words in reg. 2(2) substituted (23.5.2024) by The Securitisation (Amendment) Regulations 2024 (S.I. 2024/705), regs. 1(2)(a), 2(2)

Commencement

I1: Reg. 2 in force at 30.1.2024, see reg. 2(1)(a)