On 1 February 2024, a statutory instrument (SI) – the Financial Services Act 2021 (Overseas Funds Regime and Recognition of Parts of Schemes) (Amendment and Modification) Regulations 2024 –was published, along with an explanatory memorandum.

A draft version of the SI was published on 31 January 2024. For more detail, see our blog covering the draft SI here.

The SI enters into force on 26 February 2024.