Citation and extent

1.—(1) These Regulations may be cited as the Financial Services and Markets Act 2023 (Commencement No. 9) Regulations 2025.

(2) These Regulations extend to England and Wales, Scotland and Northern Ireland.

Provisions coming into force on the day after these Regulations are made

2. The following provisions of the Financial Services and Markets Act 2023 come into force on the day after the day on which these Regulations are made—

(a)section 1(1) (revocation of assimilated law relating to financial services and markets), so far as it relates to the provisions in paragraphs (b), (c) and (d) of this regulation;

(b)in Part 3 (EU tertiary legislation etc.) of Schedule 1 (revocation of assimilated law relating to financial services), the revocation of Commission Delegated of 14 July 2016 supplementing Regulation (EU) 2017/583 of the European Parliament and of the Council on markets in financial instruments with regard to regulatory technical standards on transparency requirements for trading venues and investment firms in respect of bonds, structured finance products, emission allowances and derivatives(Regulation (EU) No 600/20142);

(c)in Part 4 (primary legislation) of Schedule 1, the repeal of the following provisions of the Financial Services and Markets Act 2000(3)—

(i )section 55J(7A) to (7C);

(ii )section 55KA;

(iii)section 367(3)(za);

(d)in Part 5 (other EU-derived legislation) of Schedule 1, the revocation of the Financial Services and Markets Act 2000 (Regulated Activities) (Amendment) (No. 2) Order 2003(4).

Provisions coming into force on 31st July 2025

3. The following provisions of the Financial Services and Markets Act 2023 come into force on 31st July 2025—

(a)section 1(1), so far as it relates to the provision in paragraph (b) of this regulation;

(b)in Part 2 (subordinate legislation) of Schedule 1, the revocation of the Capital Requirements (Capital Buffers and Macro-prudential Measures) Regulations 2014(5).