As last captured

Financial Services and Markets Act 2023 · CHAPTER 1 Revocation of assimilated law

7 Interpretation of Chapter

s. 7 · in force: yes

Captured statutory text (L5)

7 Interpretation of Chapter

(1)In this Chapter— “EU directive” means a directive within the meaning of Article 288 of the Treaty on the Functioning of the European Union; “EU tertiary legislation” has the same meaning as in the European Union (Withdrawal) Act 2018 (see section 20(1)); “legislation” means primary legislation, assimilated direct legislation or subordinate legislation; “regulator” means— the FCA, the PRA, the Bank of England, or the Payment Systems Regulator; “the transitional period” has the meaning given in section 2(2).
(2)For the purposes of this Chapter, references to legislation do not include references to rules made by a regulator.
(3)For the purposes of this Chapter, subordinate legislation was subject to affirmative resolution on being made if it was made with approval given by a resolution of each House of Parliament (whether before or after it was made).
(4)References in this Chapter to the revocation of legislation are, in relation to the legislation referred to in Part 4 of Schedule 1, to be read as references to its repeal.
Full captured verbatim text
(1) In this Chapter—

“EU directive” means a directive within the meaning of Article 288 of the Treaty on the Functioning of the European Union;

“EU tertiary legislation” has the same meaning as in the European Union (Withdrawal) Act 2018 (see section 20(1));

“legislation” means primary legislation, assimilated direct legislation or subordinate legislation;

“regulator” means—

the FCA,

the PRA,

the Bank of England, or

the Payment Systems Regulator;

“the transitional period” has the meaning given in section 2(2).

(2) For the purposes of this Chapter, references to legislation do not include references to rules made by a regulator.

(3) For the purposes of this Chapter, subordinate legislation was subject to affirmative resolution on being made if it was made with approval given by a resolution of each House of Parliament (whether before or after it was made).

(4) References in this Chapter to the revocation of legislation are, in relation to the legislation referred to in Part 4 of Schedule 1, to be read as references to its repeal.

What this provision means

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Relevance to Signicat: 1/3 · detailed summary (L4) Status: not needed for a short provision · Stored artifact; current recipe verification unavailable

Defines statutory terms used in Chapter 1, including EU directive, EU tertiary legislation, legislation, regulator, and transitional period.

Only the one-line summary above is stored for this provision; the text itself is the evidence.

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Referred to by

cross-reference internal_cite · Sch. 14 para. 5

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Instrument tier unavailable

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Pending effects amendments not yet applied to this text

s. 1(1) coming into force by The Financial Services and Markets Act 2023 (Commencement No. 11 and Saving Provisions) Regulations 2025 reg. 9(a) · Effective date unknown · s. 1

Sch. 1 Pt. 1 coming into force by The Financial Services and Markets Act 2023 (Commencement No. 11 and Saving Provisions) Regulations 2025 reg. 9(b) · Effective date unknown

Sch. 1 Pt. 3 coming into force by The Financial Services and Markets Act 2023 (Commencement No. 11 and Saving Provisions) Regulations 2025 reg. 9(c) · Effective date unknown

Sch. 1 Pt. 5 coming into force by The Financial Services and Markets Act 2023 (Commencement No. 11 and Saving Provisions) Regulations 2025 reg. 9(d)(i) · Effective date unknown

s. 1(1) coming into force by The Financial Services and Markets Act 2023 (Commencement No. 13) Regulations 2026 reg. 2(a) · Effective date unknown · s. 1

Show all 14

Sch. 1 Pt. 1 coming into force by The Financial Services and Markets Act 2023 (Commencement No. 13) Regulations 2026 reg. 2(b) · Effective date unknown

s. 1(1) coming into force by The Financial Services and Markets Act 2023 (Commencement No. 15 and Saving and Transitional Provisions) Regulations 2026 reg. 2(a) · Effective date unknown · s. 1

Sch. 1 Pt. 1 coming into force by The Financial Services and Markets Act 2023 (Commencement No. 15 and Saving and Transitional Provisions) Regulations 2026 reg. 2(b) · Effective date unknown

Sch. 1 Pt. 2 coming into force by The Financial Services and Markets Act 2023 (Commencement No. 15 and Saving and Transitional Provisions) Regulations 2026 reg. 2(c) · Effective date unknown

Sch. 1 Pt. 3 coming into force by The Financial Services and Markets Act 2023 (Commencement No. 15 and Saving and Transitional Provisions) Regulations 2026 reg. 2(d) · Effective date unknown

s. 1(1) coming into force by The Financial Services and Markets Act 2023 (Commencement No. 12 and Saving Provisions) Regulations 2026 reg. 3(a) · Effective date unknown · s. 1

Sch. 1 Pt. 1 coming into force by The Financial Services and Markets Act 2023 (Commencement No. 12 and Saving Provisions) Regulations 2026 reg. 3(b) Sch. Pt. 1 · Effective date unknown

Sch. 1 Pt. 2 coming into force by The Financial Services and Markets Act 2023 (Commencement No. 12 and Saving Provisions) Regulations 2026 reg. 3(c) · Effective date unknown

Sch. 1 Pt. 3 coming into force by The Financial Services and Markets Act 2023 (Commencement No. 12 and Saving Provisions) Regulations 2026 reg. 3(d) Sch. Pt. 2 · Effective date unknown

Provenance

Every claim the system makes about this text is traceable to these identifiers.

Instrument
uk:ukpga/2023/29
Part
CHAPTER 1 Revocation of assimilated law
Version
86372fb4e615f9918e757dfa…
Content hash
sha256 8e98e574122029240f39397c…
Source
legislation.gov.uk/ukpga/2023/29