meta_id 3209550

On June 3, 2026, the United Kingdom Treasury made the Financial Services and Markets Act 2023 (Commencement No. 14) Regulations 2026, bringing specified provisions of the Financial Services and Markets Act 2023 (FSMA 2023) into force on July 13, 2026. The regulations revoke assimilated European Union (EU) legislation relating to short selling and credit default swaps. Specifically, the Treasury revoked Regulation (EU) No 236/2012 on short selling and certain aspects of credit default swaps, the Financial Services and Markets Act 2000 (Short Selling) Regulations 2012, and associated EU delegated and implementing regulations. These include Commission Delegated Regulation (EU) No 826/2012, Commission Implementing Regulation (EU) No 827/2012, Commission Delegated Regulation (EU) No 918/2012, and Commission Delegated Regulation (EU) No 919/2012. The Treasury also revoked the Short Selling (Notification Thresholds) Regulations 2021 and the Short Selling (Notification Threshold) Regulations 2023. This represents the 14th commencement order made under FSMA 2023, which provides the framework for revoking retained EU law in financial services and markets. The revocation is part of the broader programme to remove assimilated EU legislation following the United Kingdom's departure from the European Union. No significant impact on the private, voluntary, or public sector is foreseen from this instrument. The Treasury confirmed that a full impact assessment was published in relation to FSMA 2023 and remains available from HM Treasury at 1 Horse Guards Road, London, SW1A 2HQ, or online at https://bills.parliament.uk/publications/49053/documents/2621.