The Financial Services and Markets Act 2023 (Commencement No. 2 and Transitional Provisions) Regulations 2023
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 of section 20 of, and Schedule 5 to, the Act
(1) The provisions listed in paragraph (2) come into force— (a) on 6th September 2023, for the purpose of enabling the FCA to give directions, to give guidance and to make rules; (b) on 6th November 2023, for the purpose of the FCA receiving, but not determining, applications for permission to approve financial promotions made during the application period. (2) The provisions are— (a) in section 20 (financial promotion)— (i) subsection (1), so far as it relates to the provisions referred to in paragraph (ii) to (iv) below of this sub-paragraph; (ii) subsection (2); (iii) subsection (3), so far as it inserts section 55NA (general requirement relating to financial promotion approval) of FSMA 2000; (iv) subsection (4), so far as it relates to the provisions referred to in sub-paragraph (b); (b) in Schedule 5 (financial promotion: related amendments)— (i) paragraph 1, so far as it relates to the provisions in sub-paragraph (ii); (ii) paragraphs 2, 3, 4, 6, 7, 8, 9, 10, 11 and 12. (3) Section 20 of, and Schedule 5 to, the Act come into force on 7th February 2024, so far as not already commenced by paragraphs (1) and (2). (4) In paragraph (1)(b) and regulation 3(1), the “application period” means the period beginning with 6th November 2023 and ending with 6th February 2024.
2 Commencement of section 20 of, and Schedule 5 to, the Act
(1) The provisions listed in paragraph (2) come into force— (a) on 6th September 2023, for the purpose of enabling the FCA to give directions, to give guidance and to make rules; (b) on 6th November 2023, for the purpose of the FCA receiving, but not determining, applications for permission to approve financial promotions made during the application period. (2) The provisions are— (a) in section 20 (financial promotion)— (i) subsection (1), so far as it relates to the provisions referred to in paragraph (ii) to (iv) below of this sub-paragraph; (ii) subsection (2); (iii) subsection (3), so far as it inserts section 55NA (general requirement relating to financial promotion approval) of FSMA 2000; (iv) subsection (4), so far as it relates to the provisions referred to in sub-paragraph (b); (b) in Schedule 5 (financial promotion: related amendments)— (i) paragraph 1, so far as it relates to the provisions in sub-paragraph (ii); (ii) paragraphs 2, 3, 4, 6, 7, 8, 9, 10, 11 and 12. (3) Section 20 of, and Schedule 5 to, the Act come into force on 7th February 2024, so far as not already commenced by paragraphs (1) and (2). (4) In paragraph (1)(b) and regulation 3(1), the “application period” means the period beginning with 6th November 2023 and ending with 6th February 2024.
One line that says what changes, such as "Halve the dog tax".
Who it helps, what it costs, what it fixes. It is what persuades people to support it.
How this law is officially changed
Solon does not know this law's official route yet. The proposal is recorded all the same, and the route appears here once its source is added.
A proposal here is not law. Support on Solon is evidence that people want the change; the official route says what it takes to make it law.
Sign in to file your proposal. What you have written stays on this page.
Sign in to file itThink it through
Ask what your change would do, who would gain and who would bear a cost, and where something like it is already law. The assistant reads your draft as it stands, cites the law and the studies it finds, and takes no side. What you file stays yours.