UK: The Financial Services (Consequential Amendments) Regulations 2020

The Financial Services (Consequential Amendments) Regulations 2020 were made yesterday and laid before Parliament today: see here. They come into force immediately before exit day. Their purpose - to quote directly from the accompanying explanatory memorandum (available here, pdf) - is explained as follows:

This instrument is being made under the European Union (Withdrawal Agreement) Act 2020 ... to amend several EU Exit instruments previously made under the European Union (Withdrawal) Act 2018 ... Specifically, the instrument delays the application of a number of financial services temporary permissions and transitional regimes established by these EU Exit instruments, such that they apply by reference to the end of the Implementation Period (“IP”) rather than exit day (31 January 2020)."