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Schedule 2, Part 1, paragraph 6(3)

FSMA 2023

After paragraph 6C insert— The reference in paragraph 6A to the “transitional period” is a reference to— the period of four years beginning with IP completion day; or the period ending on such day as the Treasury may direct, if that period ends earlier than the period mentioned in sub-paragraph (a). In deciding whether to issue a direction under paragraph 6D(b), the Treasury must take into account whether the FCA is able to carry out its functions relating to transparency under this Regulation and its implementing measures.

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Source: legislation.gov.uk · retrieved 2026-09-04