EXPLANATORY NOTE
(This note is not part of these Regulations)
These Regulations bring into force on 1st March 2017 certain provisions of the Bank of England and Financial Services Act 2016 (c. 14) (“the Act”). These are the fourth commencement regulations made under the Act.
Regulation 3 makes savings provision in relation to the audit of the final annual accounts of the company known as the Prudential Regulation Authority for the period ending 28th February 2017 or such other date as the directors may determine in accordance with section 390 of the Companies Act 2006 (c. 46).
An impact assessment has not been published for these Regulations as they have no impact on the costs to business or the voluntary sector independent of the provisions these Regulations bring into force. An impact assessment has been published in relation to the Act and copies can be obtained from HM Treasury, 1 Horse Guards Road, London, SW1A 2HQ or at https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/493716/BoE_Bill_Impact_Assessment_13_Jan_2016.pdf.