2021 No. 1173 (C. 66)
Financial Services

The Financial Services Act 2021 (Commencement No. 3) Regulations 2021

Made
The Treasury make the following Regulations in exercise of the power conferred by section 49(5) of the Financial Services Act 20211.

Citation1.

These Regulations may be cited as the Financial Services Act 2021 (Commencement No. 3) Regulations 2021.

Commencement2.

Section 31 of the Financial Services Act 2021 (maximum sentences for insider dealing and financial services offences) comes into force on 1st November 2021.

Alan Mak
Rebecca Harris
Two of the Lords Commissioners of Her Majesty’s Treasury
EXPLANATORY NOTE
(This note is not part of the Regulations)

Regulation 2 of these Regulations commences a provision of the Financial Services Act 2021 (c. 22) dealing with maximum sentences for insider dealing and financial services offences (section 31). An impact assessment has not been published for these Regulations as they have no impact on the costs to business or the public or voluntary sectors independent of the provision these Regulations bring into force. A full impact assessment has been published in relation to the Act and copies can be obtained from HM Treasury, 1 Horse Guards Road, London, SW1A 2HQ or at https://publications.parliament.uk/pa/bills/cbill/58-01/0200/FS%20Bill%20Impact%20Assessment%20-%20October%202020%20-%20201020.pdf.

NOTE AS TO EARLIER COMMENCEMENT REGULATIONS
(This note is not part of the Regulations)

Provision

Date of Commencement

S.I. No.

Section 1

1st January 2022

2021/671

Section 2

1st July 2021

2021/671

Section 3

9th June 2021

2021/671

Section 4

9th June 2021

2021/671

Section 5

9th June 2021

2021/671

Section 7

26th June 2021

2021/671

Section 8

1st July 2021

2021/739

Section 9

1st July 2021

2021/739

Section 10

1st July 2021

2021/739

Section 11

1st July 2021

2021/739

Section 12

1st July 2021

2021/739

Section 13

1st July 2021

2021/739

Section 14

1st July 2021

2021/739

Section 15

1st July 2021

2021/739

Section 16

1st July 2021

2021/739

Section 17

1st July 2021

2021/739

Section 18

1st July 2021

2021/739

Section 19

1st July 2021

2021/739

Section 20

1st July 2021

2021/739

Section 21

1st July 2021

2021/739

Section 27

1st July 2021

2021/739

Section 28

1st July 2021

2021/739

Section 29

1st July 2021

2021/739

Section 34

1st July 2021

2021/739

Section 37

1st July 2021

2021/739

Section 38

1st July 2021

2021/739

Section 39

1st July 2021

2021/739

Section 40

1st July 2021

2021/739

Section 43

1st July 2021

2021/739

Schedule 1

1st January 2022

2021/671

Schedule 2

1st July 2021

2021/671

Schedule 3

9th June 2021

2021/671

Schedule 4 (partially)

26th June 2021

2021/671

Schedule 4 (remaining)

1st January 2022

2021/671

Schedule 5

1st July 2021

2021/739

Schedule 10

1st July 2021

2021/739

Schedule 11

1st July 2021

2021/739

Schedule 12 (partially)

28st June 2021

2021/739