Section 1(3)

These Regulations come into force on 3rd July 2017— to enable— applications to be made under regulation 4; directions to be given under regulation 16(1) to establish position limits applying on or after 3rd January 2018; applications to be made, directions to be given, and requirements to be imposed, under regulation 17; requirements to be imposed and directions to be given under regulation 27; requirements to be imposed under regulations 31 and 33; and the FCA and the PRA to prepare and issue a statement of policy under paragraph 14 of Schedule 1; and to enable notifications to be given, reports or applications to be made, directions to be given, and requirements to be imposed under regulation 47 for the purposes of— any UK legislation which was relied on by the United Kingdom before IP completion day to implement the markets in financial instruments directive, including any assimilated law made under the directive, as it has effect on or after 3rd January 2018; and the markets in financial instruments regulation, including any assimilated law made under that regulation, as it applies under Article 55 of that regulation; and for the purposes of— paragraphs 6, 7, 16, 19, 20, 22, 23 and 28 of Schedule 1; and paragraphs 25 and 26 of that Schedule in so far as they relate to a matter referred to in sub-paragraph (a) or (b) or in paragraph (i) of this sub-paragraph.

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