Statutory Instruments
2021 No. 1388
Financial Services
The Financial Services and Markets Act 2000 (Consequential Amendments of References to Rules) Regulations 2021
Made
8th December 2021
Laid before Parliament
10th December 2021
Coming into force
1st January 2022
The Treasury, in exercise of the powers conferred by section 141A(2) of the Financial Services and Markets Act 2000( 1 ), make the following Regulations.
Citation and commencement
1. —(1) These Regulations may be cited as the Financial Services and Markets Act 2000 (Consequential Amendments of References to Rules) Regulations 2021.
(2) These Regulations come into force on 1st January 2022.
Financial Services and Markets Act 2000
2. —(1)The Financial Services and Markets Act 2000 is amended as follows.
(2) In section 143B(1)( 2 ) (definitions), in the definition of “ Directive 2013/36/EU “1 January 2022” .
(3) In section 144H(3)( 3 ) (relationship with the capital requirements regulation), in the definition of “ Directive 2013/36/EU “1 January 2022” .
(4) In section 192O(1)( 4 ) (interpretation of Part 12B – approval of certain holding companies), in the definition of “ Directive 2013/36/EU “1 January 2022” .
Undertakings for Collective Investment in Transferable Securities Regulations 2011
3. In regulation 7(3) (interpretation) of the Undertakings for Collective Investment in Transferable Securities Regulations 2011( 5 ), for “IP completion day” substitute “1 January 2022” .
Alternative Investment Fund Managers Regulations 2013
4. In regulation 2(5) (interpretation) of the Alternative Investment Fund Managers Regulations 2013( 6 ), for “IP completion day” substitute “1 January 2022” .
Regulation (EU) No 575/2013 of the European Parliament and of the Council of 26 June 2013 on prudential requirements for credit institutions and investment firms and amending Regulation (EU) No 648/2012
5. In article 4A(1) (definitions: regulators’ rules) of Regulation (EU) No 575/2013 7 ), in point (c)(i), for “IP completion day” substitute “1 January 2022” .
Commission Delegated Regulation (EU) 2016/438 of 17 December 2015 supplementing Directive 2009/65/EC of the European Parliament and of the Council with regard to obligations of depositories
6. In article 1(c) (definitions) of Commission Delegated Regulation (EU) 2016/438( 8 ), for “IP completion day” substitute “1 January 2022” .
Commission Delegated Regulation (EU) No 231/2013 of 19 December 2012 supplementing Directive 2011/61/EU of the European Parliament and of the Council with regard to exemptions, general operating conditions, depositories, leverage, transparency and supervision
7. In article 1(11) (definitions) of Commission Delegated Regulation (EU) No 231/2013 9 ), for “IP completion day” substitute “1 January 2022” .
Alan Mak
Craig Whittaker
Two of the Lords Commissioners of Her Majesty’s Treasury
8th December 2021
2000 c. 8 ; Part 9A (sections 137A-141A) was substituted for Part 9A (sections 138-164) by section 24(1) of the Financial Services Act 2012 (c. 21) .
Section 143B was inserted by paragraph 1 of Schedule 2 to the Financial Services Act 2021 (c. 22) .
Section 144H was inserted by paragraph 1 of Schedule 3 to the Financial Services Act 2021.
Section 192O was inserted by S.I. 2020/1406 .
S.I. 2011/1613 ; regulation 7(3) was inserted by S.I. 2019/325 .
S.I. 2013/1773 as amended by S.I. 2019/328 ; there are other amending instruments but none are relevant.
EUR 2013/575; article 4A was inserted by S.I. 2018/1401 and amended by S.I. 2019/1232 , S.I. 2020/1301 and is prospectively amended by paragraph 3 of Schedule 1 to the Financial Services Act 2021.
EUR 2016/438; article 1(c) was inserted by S.I. 2019/328 .
EUR 231/2013; article 1(11) was inserted by S.I. 2019/328 .