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  1. Financial Services Act 2021 (c. 22)
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Version status: Partly in force | Document consolidation status: Updated to reflect all known changes
Published date: 29 April 2021

Financial Services Act 2021 (c. 22)

Consolidation Status: Updated to reflect all known changes
Comparing proposed amendment...
Introductory Text
Prudential regulation of credit institutions and investment firms (ss. 1-7)
In force
 1. Exclusion of certain investment firms from the Capital Requirements Regulation
In force
 2. Prudential regulation of certain investment firms by FCA rules
In force
 3. Transfer of certain prudential regulation matters into PRA rules
In force
 4. CRR Basel standards
In force
 5. Prudential regulation of credit institutions etc by PRA rules
Not yet in force
 6. Power to amend the Credit Rating Agencies Regulation
In force
 7. Amendments of the Capital Requirements Regulation
Benchmarks (ss. 8-21)
In force
 8. Review of which benchmarks are critical benchmarks
In force
 9. Mandatory administration of a critical benchmark
In force
 10. Prohibition on new use where administrator to cease providing critical benchmark
In force
 11. Assessment of representativeness of critical benchmarks
In force
 12. Mandatory contribution to critical benchmarks
In force
 13. Designation of certain critical benchmarks
In force
 14. Use of Article 23A benchmarks
In force
 15. Orderly cessation of Article 23A benchmarks
In force
 16. Review of exercise of powers under Article 23D
In force
 17. Policy statements relating to critical benchmarks
In force
 18. Critical benchmarks provided for different currencies etc
In force
 19. Changes to and cessation of a benchmark
In force
 20. Extension of transitional period for benchmarks with non-UK administrators
In force
 21. Benchmarks: minor and consequential amendments
Access to financial services markets (ss. 22-27)
Partly in force
 22. Regulated activities and Gibraltar
Not yet in force
 23. Power to make provision about Gibraltar
In force
 24. Collective investment schemes authorised in approved countries
In force
 25. Individually recognised overseas collective investment schemes
In force
 26. Money market funds authorised in approved countries
In force
 27. Provision of investment services etc in the UK
Variation or cancellation of permission to carry on regulated activity (s. 28)
In force
 28. Part 4A permissions: variation or cancellation on initiative of FCA
Rules about level of care provided by authorised persons (s. 29)
In force
 29. FCA rules about level of care provided to consumers by authorised persons
Insider dealing and money laundering etc (ss. 30-34)
In force
 30. Insider lists and managers' transactions
In force
 31. Maximum sentences for insider dealing and financial services offences
In force
 32. Money laundering offences: electronic money institutions, payment institutions and deposit-taking bodies
Partly in force
 33. Forfeiture of money: electronic money institutions and payment institutions
In force
 34. Application of money laundering regulations to overseas trustees
Debt respite scheme (s. 35)
In force
 35. Debt respite scheme
Help to save (s. 36)
In force
 36. Successor accounts for Help-to-Save savers
Miscellaneous (ss. 37-44)
In force
 37. Regulated activities and application of Consumer Credit Act 1974
In force
 38. Amendments of the PRIIPs Regulation etc
In force
 39. Retention of personal data under the Market Abuse Regulation
In force
 40. Over the counter derivatives: clearing and procedures for reporting
In force
 41. Regulations about financial collateral arrangements
In force
 42. Appointment of chief executive of FCA
In force
 43. Subordinate legislation made under retained direct EU legislation
In force
 44. Payment services and the provision of cash
General (ss. 45-50)
In force
 45. Power to make consequential provision
In force
 46. Regulations
In force
 47. Interpretation
In force
 48. Extent
In force
 49. Commencement and transitional provision
In force
 50. Short title
Schedules
Schedule 1 Exclusion of certain investment firms from the Capital Requirements Regulation: consequential amendments
In force
 Schedule 1, Part 1 Amendments of the Capital Requirements Regulation
In force
 Schedule 1, Part 2 Amendments of the Capital Requirements (Country-By-Country Reporting) Regulations 2013
Schedule 2 Prudential Regulation of FCA Investment Firms
In force
 Schedule 2, Part 1 New Part 9C of the Financial Services and Markets Act 2000
In force
 Schedule 2, Part 2 Minor and consequential amendments
In force
 Schedule 2, Part 3 Transitional provision
Schedule 3 Prudential regulation of credit institutions etc
In force
 Schedule 3, Part 1 New Part 9D of the Financial Services and Markets Act 2000
In force
 Schedule 3, Part 2 PRA's powers in relation to certain holding companies
In force
 Schedule 3, Part 3 Minor and consequential amendments
In force
 Schedule 3, Part 4 Transitional provision
In force
 Schedule 4 Amendments of the Capital Requirements Regulation
In force
 Schedule 5 Benchmarks: minor and consequential amendments
Partly in force
 Schedule 6 Gibraltar-based persons carrying on activities in the UK
Not yet in force
 Schedule 7 UK-Based Persons Carrying on Activities in Gibraltar
Partly in force
 Schedule 8 Gibraltar: Minor and Consequential Amendments
Schedule 9 Collective investment schemes authorised in approved countries
In force
 Schedule 9, Part 1 Provisions to be inserted in Chapter 5 of Part 17 of the Financial Services and Markets Act 2000
In force
 Schedule 9, Part 2 Minor and consequential amendments
In force
 Schedule 10 Amendments of the Markets in Financial Instruments Regulation
In force
 Schedule 11 Variation or cancellation of Part 4A permission on initiative of FCA: additional power
In force
 Schedule 12 Forfeiture of money: electronic money institutions and payment institutions
Explanatory Notes
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