Search Legislation

Financial Services and Markets Act 2023

 Help about what version

What Version

 Help about advanced features

Advanced Features

 Help about opening options

Opening OptionsExpand opening options

Status:

This is the original version (as it was originally enacted).

1Revocation of retained EU law relating to financial services and markets

This section has no associated Explanatory Notes

(1)The legislation referred to in Schedule 1 is revoked.

(2)In that Schedule—

(a)Part 1 refers to retained direct principal EU legislation;

(b)Part 2 refers to subordinate legislation;

(c)Part 3 refers to EU tertiary legislation and subordinate legislation made under an instrument referred to in Part 2;

(d)Part 4 refers to primary legislation;

(e)Part 5 refers to other EU-derived legislation not covered by Parts 1 to 3.

(3)Any rights, powers, liabilities, obligations, restrictions, remedies and procedures which—

(a)continue to be recognised and available in domestic law by virtue of section 4 of the European Union (Withdrawal) Act 2018, and

(b)are derived from any provision of legislation referred to in Schedule 1,

cease to be so recognised and available in domestic law.

(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).

(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.

(6)Regulations under subsection (5) are subject to the negative procedure.

Back to top

Options/Help

You have chosen to open The Whole Act

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?

You have chosen to open The Whole Act as a PDF

The Whole Act you have selected contains over 200 provisions and might take some time to download.

Would you like to continue?

You have chosen to open the Whole Act

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?

You have chosen to open Schedules only

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?