- Draft legislation
This is a draft item of legislation and has not yet been made as a UK Statutory Instrument.
Draft Regulations laid before Parliament under paragraph 26 of Schedule 2 to the Financial Services and Markets Act 2000 (c. 8), and sections 5(3) and 84(5) of the Financial Services and Markets Act 2023 (c. 29), for approval by resolution of each House of Parliament.
Draft Statutory Instruments
FINANCIAL SERVICES AND MARKETS
Made
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Coming into force
1st January 2025
The Treasury make these Regulations in exercise of the powers conferred by sections 22(1) and (5) and 428(3) of, and paragraph 25(1)(a) of Schedule 2 to, the Financial Services and Markets Act 2000(1), and sections 5(1), 83(1) and (2) of the Financial Services and Markets Act 2023(2).
In the opinion of the Treasury, one of the effects of these Regulations is that an activity which is not a regulated activity will become a regulated activity.
In accordance with paragraph 26 of Schedule 2 to the Financial Services and Markets Act 2000 and sections 5(3) and 84(5) of the Financial Services and Markets Act 2023(3), a draft of these Regulations has been laid before, and approved by a resolution of, each House of Parliament.
For the meaning of “affirmative procedure”, see 84(3) of the Financial Services and Markets Act 2023 (c. 29).
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