More of FS Act comes into force

The second Commencement Order under the FS Act 2021 brings into force:

• on 28 June the provisions on forfeiture of money in relation to EMIs and payment institutions, as they extend to Northern Ireland; and
• on 1 July, various other provisions, including those on benchmarks, FCA variation of permissions, FCA duty of care rules, application of MLRs to overseas trustees, rules on application of the CCA to newly defined regulated activities, amendment of the PRIIPs Regulation, personal data retention under MAR and clearing and procedures for reporting on OTC derivatives.