- Latest available (Revised)
- Original (As enacted)
There are currently no known outstanding effects for the Financial Services and Markets Act 2023, Section 17.
Revised legislation carried on this site may not be fully up to date. At the current time any known changes or effects made by subsequent legislation have been applied to the text of the legislation you are viewing by the editorial team. Please see ‘Frequently Asked Questions’ for details regarding the timescales for which new effects are identified and recorded on this site.
(1)This section applies for the purposes of this section and sections 13 to 16.
(2)The “appropriate regulator”, in relation to an FMI sandbox, means the regulator specified in that sandbox as the appropriate regulator (and both of the regulators may be specified); and for this purpose “regulator” means—
(a)the FCA, or
(b)the Bank of England.
(3)“Relevant enactment” means any provision made by or under—
(a)FSMA 2000;
(b)the Companies Act 2006;
[F1(ba)the Stock Transfer (Gilt-edged Securities) (CGO Service) Regulations 1985 (S.I. 1985/1144);]
(c)the Financial Markets Insolvency (Settlement Finality) Regulations 1999 (S.I. 1999/2979);
(d)the Uncertificated Securities Regulations 2001 (S.I. 2001/3755);
(e)the Financial Collateral Arrangements (No. 2) Regulations 2003 (S.I. 2003/3226);
[F2(ea)the Government Stock Regulations 2004 (S.I. 2004/1611);
(eb)the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 (S.I. 2017/692);]
(f)Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (market abuse regulation);
(g)Regulation (EU) No 600/2014 of the European Parliament and of the Council of 15 May 2014 on markets in financial instruments;
(h)Regulation (EU) No 909/2014 of the European Parliament and of the Council of 23 July 2014 on improving securities settlement in the European Union and on central securities depositories;
(i)Commission Delegated Regulation (EU) 2017/565 of 25 April 2016 supplementing Directive 2014/65/EU of the European Parliament and of the Council as regards organisational requirements and operating conditions for investment firms and defined terms for the purposes of that Directive;
[F3(j)Regulation (EU) 2017/1129 of the European Parliament and of the Council of 14 June 2017 on the prospectus to be published when securities are offered to the public or admitted to trading on a regulated market, and repealing Directive 2003/71/EC.]
(4)The following terms are defined as follows—
“FMI activities” has the meaning given by section 13(11)(b);
“FMI entity” has the meaning given by section 13(11)(a);
“FMI sandbox” has the meaning given by section 13(3);
“FMI sandbox arrangements” has the meaning given by section 13(11)(c);
“this group of sections” means the sections referred to in subsection (1).
(5)The following terms have the same meanings as in Part 18 of FSMA 2000—
“multilateral trading facility”;
“organised trading facility”;
“overseas investment exchange”;
“recognised investment exchange”;
“recognised CSD”.
(6)The Treasury may by regulations amend subsection (3) so as to add to the list of relevant enactments.
(7)Regulations under subsection (6) are subject to the affirmative procedure.
Textual Amendments
F1S. 17(3)(ba) inserted (17.12.2024) by The Financial Services and Markets Act 2023 (Addition of Relevant Enactments) Regulations 2024 (S.I. 2024/1347), regs. 1(2), 2(2)(a)
F2S. 17(3)(ea)(eb) inserted (17.12.2024) by The Financial Services and Markets Act 2023 (Addition of Relevant Enactments) Regulations 2024 (S.I. 2024/1347), regs. 1(2), 2(2)(b)
F3S. 17(3)(j) inserted (17.12.2024) by The Financial Services and Markets Act 2023 (Addition of Relevant Enactments) Regulations 2024 (S.I. 2024/1347), regs. 1(2), 2(2)(c)
Commencement Information
I1S. 17 not in force at Royal Assent, see s. 86(3)
I2S. 17 in force at 29.8.2023 by S.I. 2023/779, reg. 4(l)
The Whole Act you have selected contains over 200 provisions and might take some time to download. You may also experience some issues with your browser, such as an alert box that a script is taking a long time to run.
Would you like to continue?
The Whole Act you have selected contains over 200 provisions and might take some time to download.
Would you like to continue?
The Whole Act you have selected contains over 200 provisions and might take some time to download. You may also experience some issues with your browser, such as an alert box that a script is taking a long time to run.
Would you like to continue?
The Schedules you have selected contains over 200 provisions and might take some time to download. You may also experience some issues with your browser, such as an alert box that a script is taking a long time to run.
Would you like to continue?
Latest Available (revised):The latest available updated version of the legislation incorporating changes made by subsequent legislation and applied by our editorial team. Changes we have not yet applied to the text, can be found in the ‘Changes to Legislation’ area.
Original (As Enacted or Made): The original version of the legislation as it stood when it was enacted or made. No changes have been applied to the text.
Geographical Extent: Indicates the geographical area that this provision applies to. For further information see ‘Frequently Asked Questions’.
Show Timeline of Changes: See how this legislation has or could change over time. Turning this feature on will show extra navigation options to go to these specific points in time. Return to the latest available version by using the controls above in the What Version box.
Text created by the government department responsible for the subject matter of the Act to explain what the Act sets out to achieve and to make the Act accessible to readers who are not legally qualified. Explanatory Notes were introduced in 1999 and accompany all Public Acts except Appropriation, Consolidated Fund, Finance and Consolidation Acts.
Access essential accompanying documents and information for this legislation item from this tab. Dependent on the legislation item being viewed this may include:
This timeline shows the different points in time where a change occurred. The dates will coincide with the earliest date on which the change (e.g an insertion, a repeal or a substitution) that was applied came into force. The first date in the timeline will usually be the earliest date when the provision came into force. In some cases the first date is 01/02/1991 (or for Northern Ireland legislation 01/01/2006). This date is our basedate. No versions before this date are available. For further information see the Editorial Practice Guide and Glossary under Help.
Use this menu to access essential accompanying documents and information for this legislation item. Dependent on the legislation item being viewed this may include:
Click 'View More' or select 'More Resources' tab for additional information including: