Financial Services PART 1 Introduction Citation, commencement and extent 1 1 These Regulations may be cited as the Financial Services and Markets Act 2000 (Consequential Amendments of References to Rules and Miscellaneous Amendments) Regulations 2022. 2 These Regulations come into force on 17th August 2022. 3 These Regulations extend to England and Wales, Scotland and Northern Ireland. PART 2 Amendment of Secondary Legislation Financial Conglomerates and Other Financial Groups Regulations 2004 2 1 Regulation 1(2) (citation, commencement and interpretation) of the Financial Conglomerates and Other Financial Groups Regulations 2004 is amended as follows— a for the definition of “financial conglomerate” substitute— “financial conglomerate”, except in the term “ third-country financial conglomerate ” as defined in regulation 7(1), has the meaning given in the Glossary of definitions in the FCA Handbook as it has effect on 17th August 2022; ; b for the definition of “financial sector” substitute— “ financial sector ” means a sector composed of one or more of the following entities– a credit institution, an ancillary services undertaking or financial institution, as defined in Articles 4(1)(1), 4(1)(18) and 4(1)(26) of the capital requirements regulation (the banking sector); an entity within the “insurance sector”, as defined by the Financial Conglomerates part of the PRA Rulebook as it has effect on 17th August 2022; an investment firm, as defined in Article 4(1)(2) of the capital requirements regulation (the investment services sector); a mixed financial holding company; and for the purposes of calculating the smallest or most important financial sectors in these Regulations, the banking sector and the investment services sector shall be considered together.. . 2 After regulation 23 (scope of supplementary supervision of regulated entities) insert— Interpretation of regulations 16 to 23 23A In regulations 16 to 23— “ FCA General Prudential Sourcebook ” means that Part of the FCA Handbook as that Handbook has effect on 17th August 2022; “ FCA Handbook ” means the Handbook made by the Financial Conduct Authority under the Act as that Handbook has effect on 17th August 2022; and “ PRA Rulebook ” means the rulebook published by the Prudential Regulation Authority containing rules made by that Authority under the Act as that rulebook has effect on 17th August 2022. . PART 3 Amendment of Retained Direct EU Legislation Commission Delegated Regulation (EU) 2015/35 of 10 October 2014 supplementing Directive 2009/138/EC of the European Parliament and of the Council on the taking-up and pursuit of the business of Insurance and Reinsurance (Solvency II) 3 Article 1 (definitions) of the Commission Delegated Regulation (EU) 2015/35 of 10 October 2014 supplementing Directive 2009/138/EC of the European Parliament and of the Council on the taking-up and pursuit of the business of Insurance and Reinsurance is amended as follows— a in point 65, for “IP completion day” substitute “17th August 2022” . b in point 66(a), for “IP completion day” substitute “17th August 2022” . Rebecca Harris Michael Tomlinson Two of the Lords Commissioners of Her Majesty’s Treasury 20th July 2022