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

Provisions coming into force on 1st January 2024

9.—(1) The following provisions of the Act come into force on 1st January 2024—

(a) section 21 (sustainability disclosure requirements);

(b) section 33 (effect of rules etc on international trade obligations);

(c) section 70(1), (3) and (4) (Bank of England levy) for the following purposes—

(i) enabling the Bank to determine the day on which a levy year begins under paragraph 3(1) of Schedule 2ZA;

(ii) enabling the Treasury to make regulations under paragraphs 5 and 10(4) of Schedule 2ZA;

(d) in Schedule 7 (accountability of the Payment Systems Regulator)—

(i) paragraph 1, so far as it relates to the provisions in paragraphs (ii) and (iii) below;

(ii) paragraph 2, so far as it is not already in force;

(iii) paragraph 8 (international trade obligations).

(2) In this regulation—

(a) “levy year” has the meaning given in paragraph 3 of Schedule 2ZA;

(b) “Schedule 2ZA” means Schedule 2ZA to the Bank of England Act 1998(1) (as inserted by section 70(4) of the Act).

(1)

1998 c. 11, amended by sections 70 and 71 of the Financial Services and Markets Act 2023.