1.—(1) These Regulations may be cited as the Solvency 2 Regulations 2015.
(2) Except where paragraph (3) applies, these Regulations come into force on 1st January 2016.
(3) Regulations 1, 2, 38 to 58 and paragraph 15 of Schedule 1 come into force on 31st March 2015.
(4) Before 1st January 2016, references to “the Solvency 2 Directive” in any amendment of FSMA that comes into force in accordance with paragraph (3) are to be read as if the amendments made by paragraphs 16(b) and 17(3) of Schedule 1 were already in force.