Financial Services and Markets Act 2023

65 Power to amend enactments in consequence of rules U.K.

(1) FSMA 2000 is amended as follows.

(2) After section 141A insert—

“141B Power to consequentially amend enactments

(1) The Treasury may by regulations make provision amending an enactment that is consequential on rules.

(2) In this section—

• “enactment” includes—

  (a)

  an enactment comprised in subordinate legislation,

  (b)

  retained direct EU legislation,

  (c)

  an enactment comprised in, or in an instrument made under, a Measure or Act of Senedd Cymru,

  (d)

  an enactment comprised in, or in an instrument made under, an Act of the Scottish Parliament, and

  (e)

  an enactment comprised in, or in an instrument made under, Northern Ireland legislation;

• “subordinate legislation” has the same meaning as in the Interpretation Act 1978 (see section 21 of that Act) but does not include rules of either regulator.”

(3) Omit section 144F (power to consequentially amend enactments).

(4) In section 429 (Parliamentary control of statutory instruments), in subsection (2), in the list of sections beginning with “90B”—

(a) insert at the appropriate place “141B,”;

(b) omit “144F,”.

Commencement Information

I1 S. 65 not in force at Royal Assent, see s. 86(3)

I2 S. 65 in force at 29.8.2023 by S.I. 2023/779, reg. 4(qq)