F1The Treasury, in exercise of the powers conferred on them by section 2(2) of the European Communities Act 1972 M1, sections 784(1), 785(1), 788 and 1292 of the Companies Act 2006 M2 and section 8(1) of, and paragraph 1 of Schedule 4 and paragraph 21 of Schedule 7 to, the European Union (Withdrawal) Act 2018 M3, make the following Regulations.

The Treasury are designated M4 for the purposes of section 2(2) of the European Communities Act 1972 in relation to financial services.

In accordance with section 789 of the Companies Act 2006, the Treasury have carried out such consultation as appeared to them to be appropriate.

In accordance with sections 784(3) and 1290 of the Companies Act 2006, paragraph 2(2) of Schedule 2 to the European Communities Act 1972 M5 and paragraphs 1(1) and 12 of Schedule 7 to the European Union (Withdrawal) Act 2018, a draft of these Regulations was laid before Parliament and approved by a resolution of each House of Parliament.C1

Annotations:

Amendments (Textual)

Regulations revoked (14.12.2023 for the revocation of reg. 13) by Financial Services and Markets Act 2023 (c. 29), s. 86(3), Sch. 1 Pt. 2 (with s. 1(4)); S.I. 2023/1382, reg. 2(c)(xxiii)

Modifications etc. (not altering text)

Regulations: power to modify conferred (11.7.2023) by Financial Services and Markets Act 2023 (c. 29), ss. 3, 86(3), Sch. 1 Pt. 2; S.I. 2023/779, reg. 2(d)

Marginal Citations

1972 c.68; section 2(2) was amended by section 27 of the Legislative and Regulatory Reform Act 2006 (c.51) and by section 3 of, and the Schedule to, the European Union (Amendment) Act 2008 (c.7).

2006 c.46. Section 785 was amended by section 112 of the Financial Services Act 2012 (c.21).

2018 c.16.

S.I. 2012/1759.

Paragraph 2(2) was amended by section 27 of the Legislative and Regulatory Reform Act 2006.