Markets in Financial Instruments Benchmarks and Financial Promotions (Amendment) (EU Exit) Regulations 2021 issued

Released 06 September 2021

The Markets in Financial Instruments Benchmarks and Financial Promotions (Amendment) (EU Exit) Regulations 2021 has been introduced to address deficiencies in retained EU law in relation to the non-discriminatory access regime for exchange-traded derivatives and the low carbon benchmarks regime, as well as making technical amendments to certain exemptions to the financial promotions regime for relevant markets to ensure that they apply to UK markets following the UK’s departure from the EU.

The instrument comes into force on 18 October 2021.

An explanatory memorandum and impact assessment have also been published alongside the regulations.

The regulations predecessor, The Markets in Financial Instruments, Benchmarks and Financial Promotions (Amendment) (EU Exit) Regulations 2021, published on 19 July 2021, has been withdrawn to correct typographical errors.

Further information can be found at https://www.gov.uk/eu-withdrawal-act-2018-statutory-instruments/markets-in-financial-instruments-benchmarks-and-financial-promotions-amendment-eu-exit-regulations-2021.

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