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The Financial Services and Markets Act 2023 (Digital Securities Sandbox) Regulations 2023
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- UK Statutory Instruments
- 2023 No. 1398
- Regulation 8
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Modification of technical standards
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8.—(1) The appropriate regulator may make such modifications of any technical standards having effect for the purposes of a relevant enactment if it considers it to be necessary or expedient for the purpose of implementing and operating the FMI sandbox arrangements.
(2) The power to modify technical standards in paragraph (1) includes the power to—
(a)provide for the technical standards not to apply for the purposes of the FMI sandbox arrangements;
(b)provide for modifications in the application of the technical standards for those purposes;
(c)provide for the application of the technical standards (with or without modifications) for those purposes.
(3) This regulation ceases to have effect when the revocation of section 138P of FSMA 2000(1) by Part 4 of Schedule 1 to the Act is commenced.
(1)
Section 138P was inserted by S.I. 2018/1115.
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