UK · DRS Regulations 2017 · PART 4 Administration and enforcement · CHAPTER 1 The FCA
Regulation 22 DRS Regulations 2017Restrictions on authorisation to carry on data reporting services
Revoked from 5 Apr 2024 by Financial Services and Markets Act 2023.
Read the official text on legislation.gov.uk(opens in a new tab)Summary pending.
Amendments and application dates
| Amending act | Change | Applies from |
|---|---|---|
| Financial Services and Markets Act 2023 | Provision removed | 5 Apr 2024 |
Commentary
No law-firm commentary is linked to this provision yet.
EU counterpart
MiFID II provisions it transposes
- Transposed MiFID II Art 63(5). Revoked from 5 Apr 2024 by Financial Services and Markets Act 2023.
- Transposed MiFID II Art 69(2)(f), (k) and (l). Revoked from 5 Apr 2024 by Financial Services and Markets Act 2023.
- Transposed MiFID II Art 70(1) (excluding third sub-paragraph), (3)(a)(xxxvii) to (xxxx) and (6)(a) to (c), (f) to (h) and (7). Revoked from 5 Apr 2024 by Financial Services and Markets Act 2023.
- Transposed MiFID II Art 71(1), (2) and (5). Revoked from 5 Apr 2024 by Financial Services and Markets Act 2023.
- Transposed MiFID II Art 74(1). Revoked from 5 Apr 2024 by Financial Services and Markets Act 2023.
Source: HM Treasury’s transposition note (2017).
Replaced by
Data Reporting Services Regulations 2024 (S.I. 2024/107), FSMA s.300H (FCA rules for data reporting service providers) (confidence 90%). Source: Explanatory memorandum to S.I. 2024/107, paras 2.2-2.3 and 6.2-6.7: it replaces the Data Reporting Services Regulations 2017, restating parts of them with modifications, and firm-facing requirements pass to FCA rules made under FSMA s.300H, all from the day the 2017 Regulations are revoked (5 Apr 2024, FSMA 2023 Sch 1 Pt 2; S.I. 2023/1382).
Restated in FCA rules
DRS Regulations 2017 has been revoked. No rule is linked to this article itself; these Handbook provisions were made to restate the act as a whole: made by FCA 2023/42 under CP23/15, in force from 5 Apr 2024 (confidence 90%). Replaced by Data Reporting Services Regulations 2024 (S.I. 2024/107), FSMA s.300H (FCA rules for data reporting service providers) (confidence 90%).