Section 1(2)

The following provisions come into force on 13th August 2017— this regulation and regulations 2 (interpretation), 106 (functions of the FCA), 112(6) (policy on imposition of penalties), 118 (costs of supervision), 120 (guidance), 121 (FCA's exemption from liability in damages) and 147 (duty to co-operate and exchange of information); regulation 122 and the following provisions of Schedule 6 (application and modification of legislation)— paragraph 1 (disciplinary powers) in so far as that paragraph applies sections 69 and 70 of the 2000 Act; paragraph 3 (FCA rules) for the purpose of enabling the FCA to make rules; paragraph 5 (control over payment institutions) in so far as that paragraph applies the provisions of sections 179 and 191E of the 2000 Act which confer functions on the FCA; paragraph 12 (application of the Financial Services and Markets Act 2000 (Service of Notices) Regulations 2001 ); regulation 156 in so far as it gives effect to the following provisions of Schedule 8 (amendments to legislation)— paragraph 2(6) (amendment of section 379A of the 2000 Act); paragraph 3(b) (amendment of Schedule 15 to the Enterprise Act 2002 ); paragraph 5 (amendment of the Electronic Money Regulations 2011 ) for the purpose of enabling the FCA to impose requirements, give directions and make rules; for the purpose of enabling the FCA to impose requirements and give directions— regulation 5(3) and (5) (applications for authorisation as a payment institution); regulation 6(7)(e) and (f) (professional indemnity insurance for authorised payment institutions); regulation 11(1) and (3) (cancellation of registration); regulation 13(1), (2), (3) and (5) (application for registration); regulation 15 (small payment institutions: supplementary provision) in so far as it applies regulation 11(1) and (3); regulation 17(1)(b) and (3) (application for registration as an account information service provider); regulation 18(4)(b) (professional indemnity insurance for registered account information service providers); regulation 19 (registered account information service providers: supplementary provision) in so far as it applies regulation 11(1) and (3); regulation 20(3) (duty to notify changes); regulation 27(1) (notice of intention); regulation 30(4), (5) and (7) (supervision of firms exercising passport rights); regulation 34(3) and (4) (application for registration of agent); regulation 37(2) (duty to notify change in circumstances); regulation 38(4) (notification of use of limited network exclusion); regulation 39(3) to (5) (notification of use of electronic communications exclusion); regulation 71(8)(c) (denial of access to an account information service provider); regulation 98(3) (management of operational and security risks); regulation 99(2) (incident reporting); regulation 105(4)(b) (refusal of access to bank account); regulation 109(1) to (3) and (5) (reporting requirements); regulation 119 to the extent that it gives effect to paragraph 5(1), (3) and (4) of Schedule 5 (credit agreements).

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