(1) The following provisions of these Regulations come into force on the day after that on which these Regulations are made ("the initial commencement day") -

(a) this Part, and

(b) Part 2 (designated activities).

(2) The remaining provisions of these Regulations come into force on the initial commencement day for the following purposes only -

(a) enabling the FCA -

(i) to make or approve rules,

(ii) to give guidance,

(iii) to give directions, or

(iv) to issue statements of policy;

(b) enabling applications for -

(i) a Part 4A permission under section 55A of FSMA 2000 [Section 55A was inserted by section 11 of the Financial Services Act 2012 (c. 21) and amended by S.I. 2018/135 and S.I. 2018//1149.],