EXPLANATORY NOTE
(This note is not part of the Regulations)
Regulation 2 of these Regulations commences sections 28, 33 and 34 of the Financial Guidance and Claims Act 2018 (c.10) on the day after the day on which these Regulations are made.
The Lord Chancellor’s consent was required to commence section 33 in accordance with section 37(10) of the Financial Guidance and Claims Act 2018.
A full impact assessment has not been produced for these Regulations as they have no, or no significant, impact on the costs of business or the voluntary sector. A full impact assessment has been produced in relation to the provisions of the Financial Guidance and Claims Act 2018 (c. 10), including the provisions that are commenced by these Regulations, and a copy is available at https://publications.parliament.uk/pa/bills/lbill/2017-2019/0001/financial-guidance-and-claims-IA1.pdf. A hard copy of this impact assessment can be obtained from HM Treasury, 1 Horse Guards Road, London, SW1A 2HQ.