(This note is not part of the Regulations)
These Regulations are the seventh commencement Regulations made under the Financial Services and Markets Act 2023, (c.29) ("the Act").
Section 1 of the Act revokes assimilated law relating to financial services and markets that is referred to in Schedule 1 to the Act. Regulation 2 brings into force section 1(1) of the Act so far as it relates to the revocation of certain instruments (or provisions of instruments) referred to in Schedule 1 to the Act. Those instruments or provisions are as follows -
• so far as its revocation is not already in force, Regulation (EU) 2017/2402 of the European Parliament and of the Council of 12 December 2017 laying down a general framework for securitisation and creating a specific framework for simple, transparent and standardised securitisation and amending Directives 2009/65/EC, 2009/138/EC and 2001/61/EU and Regulations (EC) No 1060/2009 and (EU) No 648/2012 ("the EU Securitisation Regulation 2017");
…