6 Restatement in rules: exemption from consultation requirements etc
Financial Services and Markets Act 2023 (2023 c 29) | Legislation

6  Restatement in rules: exemption from consultation requirements etc

(1)     A relevant requirement does not apply to the making of rules by a regulator if and to the extent that—

(a)     the proposed rules make excluded provision in relation to provisions of legislation referred to in Schedule 1, and

(b)     those provisions of legislation are specified, or fall within a description of provisions specified, in relation to the making of rules by the regulator in regulations made by the Treasury for the purposes of this section.

(2)     A relevant requirement does not apply to the making of rules by a regulator if and to the extent that—

(a)     the proposed rules make excluded changes to provision of existing rules made by the regulator containing [an assimilated] obligation, and

(b)     [the assimilated] obligation is specified, or falls within a description of obligations specified, in relation to the making of rules by the regulator in regulations made by the Treasury for the purposes of this section.

(3)     A relevant requirement does not apply to the revocation of rules by a regulator if and to the extent that—

(a)     the rules being revoked make provision containing [an assimilated] obligation, and

(b)     the

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