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.