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On 11 November 2024, the draft Short Selling Regulations 2024 were published on legislation.gov.uk, along with a draft explanatory memorandum.

Background

The Financial Services and Markets Act 2023 repeals assimilated law in financial services, subject to commencement. That assimilated law will be replaced with rules set by the UK financial services regulators.

Purpose of

On 11 November 2024, the draft Financial Services and Markets Act 2000 (Designated Activities) (Supervision and Enforcement) Regulations 2024 were published on legislation.gov.uk, along with a draft explanatory memorandum.

Background

The Financial Services and Markets Act 2023 inserted a new Part 5A into the Financial Services and Markets Act 2000 (FSMA 2000)

On 31 October 2024, the draft Financial Services and Markets Act 2023 (Addition of Relevant Enactments) Regulations 2024 (the draft Regulations) were published on legislation.gov.uk, along with a draft explanatory memorandum.

The draft Regulations use powers set out in section 17(6) of the Financial Services and Markets Act 2023 to bring the following

On 28 October 2024, the Financial Services and Markets Act 2023 (Commencement No. 8) Regulations 2024 were made and published on legislation.gov.uk.

These Regulations are the seventh commencement Regulations made under the Financial Services and Markets Act 2023 (FSMA 2023).

The explanatory note to the Regulations provide further information on those provisions of

On 7 October 2024, the draft Prudential Regulation of Credit Institutions (Meaning of CRR Rules and Recognised Exchange) (Amendment) Regulations 2024 (the draft Regulations) were published on legislation.gov.uk, along with a draft explanatory memorandum.

The draft Regulations make two changes:

  • Regulations 2 and 3 make amendments to primary legislation in connection with the

On 7 October 2024, the draft Securitisation (Amendment) (No. 2) Regulations 2024 (the draft Regulations) were published on legislation.gov.uk, along with a draft explanatory memorandum.

The draft Regulations extend a temporary arrangement granting preferential prudential treatment for EU-origin Simple, Transparent, and Standardised (STS) securitisations. UK investors, where they are subject to

On 7 October 2024, the draft Packaged Retail and Insurance-based Investment Products (Retail Disclosure) (Amendment) Regulations 2024 (the draft Regulations) were published on legislation.gov.uk, along with a draft explanatory memorandum.

The Packaged Retail and Insurance-based Investment Products (PRIIPs) Regulation is part of assimilated law that was transferred into UK law in

On 2 September 2024, the Financial Services and Markets Act 2023 (Commencement No. 7) Regulations 2024 were made and published on legislation.gov.uk.

These Regulations are the seventh commencement Regulations made under the Financial Services and Markets Act 2023 (FSMA 2023).

Section 1 of FSMA 2023 revokes retained EU law which is referred to

On 17 July 2024, the Financial Conduct Authority (FCA) published Policy Statement PS24/7 on implementing the Overseas Funds Regime (OFR). In PS24/7, the FCA sets out the final rules and guidance necessary to implement the OFR, as well as responding to feedback to its consultation CP23/26.

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