The Financial Services and Markets Act 2023 (Commencement No. 14) Regulations 2026

The Financial Services and Markets Act 2023 (FSMA 2023) (Commencement No. 14) Regulations 2026 have been made and published. The Regulations use powers under FSMA 2023 to revoke assimilated law relating to short selling in anticipation of the new UK regime coming into force on 13 July under the Short Selling Regulations 2025 and the FCA rules published in April.

The Regulations will revoke on 13 July:

• Regulation (EU) No 236/2012 of the European Parliament and of the Council of 14 March 2012 on short selling and certain aspects of credit default swaps ("the Short Selling Regulation").
• The Financial Services and Markets Act 2000 (Short Selling) Regulations 2012.
• Instruments made under the Short Selling Regulation, as assimilated into UK law.
• The Short Selling (Notification Thresholds) Regulations 2021.
• The Short Selling (Notification Threshold) Regulations 2023.

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