Legislation – The Financial Services and Markets Act 2023 (Commencement No. 11 and Saving Provisions) Regulations 2025
Provisions coming into force on 1st January 20279.
The following provisions of the Act come into force on 1st January 2027—
(a)
section 1(1), so far as it relates to the provisions in paragraphs (b) to (d) of this regulation;
(b)
in Part 1 of Schedule 1, the revocation of paragraph 19 of Schedule 3 to Regulation (EU) No 600/2014 of the European Parliament and of the Council of 15 May 2014 on markets in financial instruments and amending Regulation (EU) No 648/2012 (powers to make technical standards transferred to the FCA);
(c)
in Part 3 of Schedule 1, the revocation of Commission Delegated Regulation (EU) 2017/592 of 1 December 2016 supplementing Directive 2014/65/EU of the European Parliament and of the Council with regard to regulatory technical standards for the criteria to establish when an activity is considered to be ancillary to the main business15;
(d)
in Part 5 of Schedule 1, the revocation of the following provisions in article 72J of the Financial Services and Markets Act 2000 (Regulated Activities) Order 2001 (persons seeking to use the exemption under Article 2.1(j) of the markets in financial instruments directive)16—
(i)
in paragraph (1), sub-paragraphs (a) and (b);
(ii)
in paragraph (3), the definitions of “market threshold calculation”, “official source”, “relevant data” and “the delegated regulation”.