The Financial Services and Markets Act 2023 (Commencement No. 4 and Transitional and Saving Provisions) (Amendment) Regulations 2023

Revocation of retained EU law coming into force on 30th June 2024

5.  The following provisions of the Act come into force on 30th June 2024—

(a) section 1(1), so far as it relates to the provisions in paragraphs (b) and (c) of this regulation;

(b) in Part 2 of Schedule 1, the revocation of the following provisions of the Solvency 2 Regulations 2015 (S.I. 2015/575)—

(i) regulation 4B(1);

(ii) regulation 42(2);

(c) in Part 3 of Schedule 1, the revocation of—

(i) Articles 52 to 54 of Commission Delegated Regulation (EU) 2015/35 of 10 October 2014 supplementing Directive 2009/138/EC of the European Parliament and of the Council on the taking-up and pursuit of the business of Insurance and Reinsurance (Solvency II);

(ii) Commission Implementing Regulation (EU) 2015/500 of 24 March 2015 laying down implementing technical standards with regard to the procedures to be followed for the supervisory approval of the application of a matching adjustment in accordance with Directive 2009/138/EC of the European Parliament and of the Council.

(1)

Regulation 4B was inserted by S.I. 2019/407, which was itself amended by S.I. 2019/1390.

(2)

Regulation 42 was amended by S.I. 2019/407.