Section 269BE | Powers to amend ^F1

(1)The Treasury may by regulations make such amendments of this Part as they consider appropriate in consequence of—^F1

(a)any change made to, or replacement of, the Financial Services and Markets Act 2000 (Regulated Activities) Order 2001 (S.I. 2001/544) (or any replacement);^F1

(b)any change made to, or replacement of, the FCA Handbook or the PRA Rulebook (or any replacement);^F1F2

(c)any change in international accounting standards or US GAAP;^F1

(d)any regulatory requirement, or change to any regulatory requirement, imposed by EU legislation, or by or under any Act (whenever adopted, enacted or made).^F1

(1A)The Treasury may by regulations—^F1F3

(a)amend sections 269B to 269BD;^F1F3

(b)amend other provisions of this Part in consequence of provision made under paragraph (a).^F1F3

(1B)Regulations under this section may include transitional provision.^F1F3

(1C)Regulations under this section made on or before 30 June 2022 may have retrospective effect in relation to any accounting period ending on or after 1 January 2022.^F1F3

(1D)A statutory instrument containing (whether alone or with other provision) regulations under subsection (1A) may not be made unless a draft of the instrument has been laid before and approved by a resolution of the House of Commons.^F1F3

(2)In this section—^F1F4

“the FCA Handbook” and “the PRA Rulebook” have the meaning given by section 269BC(11);

“US GAAP” has the meaning given by section 269BD(4).