UK Statutory Instrument SI 2024 United Kingdom

Financial Services and Markets Act 2000 (Disapplication or Modification of Financial Regulator Rules in Individual Cases) Regulations 2024

Enforced by
PRA
Status
In Force
Penalty ceiling
Regulated

Does it bind you?

Business-side roles with duties under this instrument.

Plus 2 duties on the regulator, Crown ministers and public bodies — folded into the section list below.

What it requires

Regulations creating concrete business duties or carrying penalties, grouped as the instrument is structured. Titles link to the source text — blue means you’re leaving for legislation.gov.uk.

s.004 Decisions: written notices Regulated
Other duties (1) — Crown / regulator
  • PRA must give written notice of decisions on rule disapplication or modificationStatutory regulator
s.006 Publication of permission not to apply rules or to apply rules with modifications Regulated
Other duties (1) — Crown / regulator
  • PRA must publish notices of rule disapplication or modification decisionsStatutory regulator
4 other provisions — procedural and definitional
s.001 Citation, commencement, extent and interpretation
s.002 PRA power to disapply or modify rules in individual cases
s.003 Applications for permission not to apply rules or to apply rules with modifications
s.005 Right to refer matters to the Tribunal

Duty extraction and severity labels are Guvnor’s analysis of the instrument, not the instrument itself. Always verify against the linked source text.