The Retained EU Law (Revocation and Reform) Act 2023 (Revocation and Sunset Disapplication) Regulations 2023 was published on legislation.gov.uk., the official UK website for publicizing legal documents. The regulations revoke further retained or transposed EU legislation by year end 2023 in line with the Retained EU Law (Revocation and Reform) Act 2023, but also reinstall some rules and regulations that were deemed to end operations by December 31, 2023, but were found to be necessary to continue to be in force.
While most of the included regulations and decisions are irrelevant for financial market participants, we do want to point to the following regulations that will be repealed in their entirety at year end:
1. Companies (Membership of Holding Company) (Dealers in Securities) Regulations 1997 (SI 1997/2306)
2. The Companies (Investment Companies) (Distribution of Profits) Regulations 1999 (SI 1999/2770)
3. Companies (Acquisition of Own Shares) (Treasury Shares) No. 2 Regulations 2003 (SI 2003/3031)
4. Reporting of Savings Income Information (Amendment) Regulations 2006 (SI 2006/3286
5. Reporting of Savings Income Information (Amendment) Regulations 2005 (SI 2005/1539
6. The Companies Act 1985 (Investment Companies and Accounting and Audit Amendments) Regulations 2005 (SI 2005/2280)
7. The Libya (Asset-Freezing) (Amendment) Regulations 2012 (SI 2012/56)
8. The Libya (Asset-Freezing) (Amendment) Regulations 2013 (SI 2013/2071)
9. The Zimbabwe (Financial Sanctions) (Amendment) Regulations 2014 (SI 2014/383)
10. The European Union Financial Sanctions (Amendment of Information Provisions) Regulations 2017 (SI 2017/754)
The Retained EU Law (Revocation and Reform) Act 2023 (Revocation and Sunset Disapplication) Regulations 2023
ID
25561
Other Features
accounting
asset freezing
bonds
companies
financial resources
interest rate
investment firms
redemption
reporting
sanctions
shareholders
taxation
Date Published: 2023-10-30
Date Taking Effect: 2023-10-25
Regulatory Framework: Retained EU Law (Revocation and Reform) Act 2023
Regulatory Type: regulation
ID 26541
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