The Financial Services Act 2021 (Commencement No. 4) Regulations 2022

Statutory Instruments

2022 No. 163 (C. 8)

Financial Services

The Financial Services Act 2021 (Commencement No. 4) Regulations 2022

Made

21st February 2022

The Treasury, in exercise of the powers conferred by section 49(5) of the Financial Services Act 2021(1), make the following Regulations.

Citation

1.  These Regulations may be cited as the Financial Services Act 2021 (Commencement No. 4) Regulations 2022.

Provisions of the Financial Services Act 2021 coming into force on 23rd February 2022

2.  The following provisions of the Financial Services Act 2021 come into force on 23rd February 2022—

(a)section 24 and Schedule 9 (Collective investment schemes authorised in approved countries);

(b)section 25 (Individually recognised overseas collective investment schemes), except for section 25(4)(a); and

(c)section 26 (Money market funds authorised in approved countries).

Provisions of the Financial Services Act 2021 coming into force on 1st January 2023

3.  Section 25(4)(a) of the Financial Services Act 2021 comes into force on 1st January 2023.

Amanda Solloway

Michael Tomlinson

Two of the Lords Commissioners of Her Majesty’s Treasury

21st February 2022

EXPLANATORY NOTE

(This note is not part of the Regulations)

Regulation 2 of these Regulations brings into force on 23rd February 2022 section 24 of, and Schedule 9 to, and sections 25 and 26 of the Financial Services Act 2021 (c. 22) (“the Act”), dealing with access to financial services markets, except for section 25(4)(a) of the Act. Regulation 3 of these Regulations brings into force on 1st January 2023 section 25(4)(a) of the Act which amends the Financial Services and Markets Act 2000 (c. 8). These Regulations are the fourth set of commencement regulations made under the Act. An impact assessment has not been published for these Regulations as they have no impact on the costs to business or the public or voluntary sectors independent of the provision these Regulations bring into force. A full impact assessment has been published in relation to the Act and copies can be obtained from HM Treasury, 1 Horse Guards Road, London, SW1A 2HQ or at https://publications.parliament.uk/pa/bills/cbill/58-01/0200/FS%20Bill%20Impact%20Assessment%20-%20October%202020%20-%20201020.pdf .

NOTE AS TO EARLIER COMMENCEMENT REGULATIONS

(This note is not part of the Regulations)

ProvisionDate of CommencementS.I. No.
Section 11st January 20222021/671
Section 21st July 20212021/671
Section 39th June 20212021/671
Section 49th June 20212021/671
Section 59th June 20212021/671
Section 726th June 20212021/671
Section 81st July 20212021/739
Section 91st July 20212021/739
Section 101st July 20212021/739
Section 111st July 20212021/739
Section 121st July 20212021/739
Section 131st July 20212021/739
Section 141st July 20212021/739
Section 151st July 20212021/739
Section 161st July 20212021/739
Section 171st July 20212021/739
Section 181st July 20212021/739
Section 191st July 20212021/739
Section 201st July 20212021/739
Section 211st July 20212021/739
Section 271st July 20212021/739
Section 281st July 20212021/739
Section 291st July 20212021/739
Section 311st November 20212021/1173
Section 341st July 20212021/739
Section 371st July 20212021/739
Section 381st July 20212021/739
Section 391st July 20212021/739
Section 401st July 20212021/739
Section 431st July 20212021/739
Schedule 11st January 20222021/671
Schedule 21st July 20212021/671
Schedule 39th June 20212021/671
Schedule 4 (partially)26th June 20212021/671
Schedule 4 (remaining)1st January 20222021/671
Schedule 51st July 20212021/739
Schedule 101st July 20212021/739
Schedule 111st July 20212021/739
Schedule 12 (partially)28th June 20212021/739