(This note is not part of the Regulations)

These Regulations restate with modifications the provisions of the Data Reporting Services Regulations 2017 ("the 2017 Regulations") (S.I. 2017/699), with the broad exception of Part 3 of the 2017 Regulations referred to below. The 2017 Regulations made arrangements for the registration and supervision by the FCA of data reporting service providers. They are retained EU law and are revoked by section 1(1) of, and Schedule 1 to, the Financial Services and Markets Act 2023 (c. 29).

Certain of the revoked provisions are being replaced in rules made by the Financial Conduct Authority under section 300H of FSMA 2000 ("data reporting service rules" as defined in regulation 2). These relate principally to operating requirements for authorised or verified persons, for which Part 3 of the 2017 Regulations had made provision. Corresponding modifications to these Regulations include -

- in Part 3, references to a requirement imposed by or under these Regulations includes data reporting service rules (regulation 2(4));

- applicants for authorisation to provide a data reporting service or for verification of compliance with these Regulations must demonstrate compliance with the data reporting service rules (regulations 5, 7 and 8);