The Financial Services and Markets Act 2000 (Regulated Activities) (ESG Ratings) Order 2025
Write the words of this act the way you think they should read. Solon shows your change as a redline against the published text and pins it to that exact text, so it can never be applied to wording you did not see.
Change 1
2 Commencement
(1) This Part comes into force on the day after the day on which it is made (“the initial commencement day”). (2) The remaining provisions of this Order come into force on the initial commencement day for the following purposes only— (a) enabling the FCA— (i) to make or approve rules, (ii) to give guidance, and (iii) to impose requirements or give directions; (b) enabling an application for— (i) a Part 4A permission under section 55A (application for permission) of the Act, (ii) a variation of a Part 4A permission under section 55H (variation by FCA at request of authorised person) of the Act, and (iii) approval under Part 5 (performance of regulated activities) of the Act, to be made and determined in relation to any activity which becomes a regulated activity by virtue of this Order; (c) enabling the FCA to exercise any of its powers under Part 4A of the Act in relation to any activity which is to become a regulated activity by virtue of this Order; (d) enabling the scheme operator to— (i) make rules, and (ii) give guidance. (3) The provisions mentioned in paragraph (2) come into force for all other purposes on 29th June 2028.
2 Commencement
(1) This Part comes into force on the day after the day on which it is made (“the initial commencement day”). (2) The remaining provisions of this Order come into force on the initial commencement day for the following purposes only— (a) enabling the FCA— (i) to make or approve rules, (ii) to give guidance, and (iii) to impose requirements or give directions; (b) enabling an application for— (i) a Part 4A permission under section 55A (application for permission) of the Act, (ii) a variation of a Part 4A permission under section 55H (variation by FCA at request of authorised person) of the Act, and (iii) approval under Part 5 (performance of regulated activities) of the Act, to be made and determined in relation to any activity which becomes a regulated activity by virtue of this Order; (c) enabling the FCA to exercise any of its powers under Part 4A of the Act in relation to any activity which is to become a regulated activity by virtue of this Order; (d) enabling the scheme operator to— (i) make rules, and (ii) give guidance. (3) The provisions mentioned in paragraph (2) come into force for all other purposes on 29th June 2028.
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Who it helps, what it costs, what it fixes. It is what persuades people to support it.
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