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  4. 2023
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  1. Financial Services and Markets Act 2023 (c. 29) (FSMA 2023)
  2. Part 1 Regulatory framework (ss. 1-53)
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Part 1 Regulatory framework (ss. 1-53)

Comparing proposed amendment...
Chapter 1 Revocation of assimilated law (ss. 1-7)
Partly in force
 1 Revocation of assimilated law relating to financial services and markets
Partly in force
 2 Transitional amendments
In force
 3 Power to make further transitional amendments
In force
 4 Power to restate and modify saved legislation
In force
 5 Power to replace references to EU directives
In force
 6 Restatement in rules: exemption from consultation requirements etc
In force
 7 Interpretation of Chapter
Chapter 2 New Regulatory Powers (ss. 8-24)
Designated activities regime (s. 8)
In force
 8 Designated activities
Financial market infrastructure: general rules and requirements (ss. 9-12)
In force
 9 Rules relating to central counterparties and central securities depositories
In force
 10 Central counterparties and central securities depositories: other requirements
In force
 11 Rules relating to investment exchanges and data reporting service providers
In force
 12 Treasury directions to Bank of England: restrictions
Financial market infrastructure: piloting powers (ss. 13-17)
In force
 13 Testing of FMI technologies or practices
In force
 14 Reports on FMI sandboxes
In force
 15 Permanent implementation of arrangements tested under an FMI sandbox
In force
 16 Regulations
In force
 17 Interpretation
Powers in relation to critical third parties (ss. 18-19)
In force
 18 Critical third parties: designation and powers
In force
 19 Critical third parties: related amendments
Financial promotion (s. 20)
In force
 20 Financial promotion
Sustainability disclosure requirements (s. 21)
In force
 21 Sustainability disclosure requirements
Digital settlement assets (ss. 22-23)
In force
 22 Digital settlement assets
In force
 23 Digital settlement assets: power to make regulations
Mutual recognition (s. 24)
In force
 24 Implementation of mutual recognition agreements
Chapter 3 Accountability of regulators (ss. 25-53)
FCA and PRA objectives and regulatory principles (ss. 25-28)
In force
 25 Competitiveness and growth objective
In force
 26 Competitiveness and growth objective: reporting requirements
Partly in force
 27 Regulatory principles
In force
 28 Sections 25 and 27: consequential amendments
FCA and PRA powers to make rules etc (ss. 29-34)
In force
 29 Review of rules
In force
 30 Treasury power in relation to rules
In force
 31 Matters to consider when making rules
In force
 32 Effect of rules etc on deference decisions
In force
 33 Effect of rules etc on international trade obligations
In force
 34 Power to disapply or modify rules
FCA and PRA engagement (ss. 35-39)
In force
 35 Responses to recommendations of the Treasury
In force
 36 Public consultation requirements
In force
 37 Engagement with statutory panels
In force
 38 Engagement with Parliamentary Committees
In force
 39 Reporting requirements
Co-operation of FCA and others (s. 40)
In force
 40 Duty to co-operate and consult in exercising functions
Panels and policy statements (ss. 41-47)
In force
 41 Listing Authority Advisory Panel
In force
 42 Insurance Practitioner Panel
Partly in force
 43 Cost Benefit Analysis Panels
In force
 44 Statement of policy on cost benefit analyses
In force
 45 Statement of policy on panel appointments
In force
 46 Composition of panels
In force
 47 Panel reports
Bank of England regulatory powers (ss. 48-50)
Partly in force
 48 Exercise of FMI regulatory powers
In force
 49 Bank of England: rule-making powers
Partly in force
 50 Application of FSMA 2000 to FMI functions
Payment Systems Regulator (ss. 51-52)
Partly in force
 51 Payment Systems Regulator
In force
 52 Chair of the Payment Systems Regulator as member of FCA Board
Consultation on rules (s. 53)
In force
 53 Consultation on rules
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