The Financial Services and Markets Act 2000 (Qualifying Provisions) (Amendment) Order 2022 (revoked)
This Order amends the Financial Services and Markets Act 2000 (Qualifying Provisions) Order 2013 (”QUPO”). The Financial Services Act 2021 (c. 22) inserted regulator rule-making powers into Regulation (EU) No 1286/2014 of the European Parliament and of the Council of 26 November 2014 on key information documents for packaged retail and insurance-based investment products (“PRIIPs regulation”), Regulation (EU) No 600/2014 of the European Parliament and of the Council of 15 May 2014 on markets in financial instruments and amending Regulation (EU) No 648/2012 (“markets in financial instruments regulation”) and Regulation (EU) 648/2012 of the European Parliament and of the Council of 4 July 2012 on OTC derivatives, central counterparties and trade repositories (“European market infrastructure regulation”). Rules made under these powers do not fall within the scope of QUPO and therefore enforcement powers are not currently available to the regulators.
Lifecycle
Department
Made
29 Nov 2022
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In force
01 Jan 2023
Enabling power
The Treasury, in exercise of the powers conferred by the following sections of the Financial Services and Markets Act 2000: 1A(6)(d); 1L(2)(b); 2AB(3)(d); 39(4)(b); 66A(4)(b); 66B(4)(b); 168(4)(k); 204A(2)(b); 293A(1); 296(1A); 297(2A)(c); 312E(2)(c); 312E(3)(c); 380(6)(a)(i); 382(9)(a)(i); 384(7)(a); 428; by paragraph 23(2) of Schedule 1ZA, paragraph 31(2) of Schedule 1ZB and paragraphs 14(2)(d), 26(2)(c), 30(c) and 36(2)(b) of Schedule 17A to that Act; and by regulation 206(1)(a) of the Financial Services and Markets Act 2000 (Amendment) (EU Exit) Regulations 2019, makes the following Order:
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