Commencement Regulations have been published bringing into force the majority of the provisions of the Bank of England and Financial Services Act 2016 on 6 July 2016. These provisions include: (i) reforms to the governance of the Bank of England; (ii) reforms to the FCA, including reforms to the appointment of the FCA chief executive; (iii) criminal sanctions for managerial misconduct; and (iv) the senior managers and certification regime (SM&CR), save in relation to a commencement date for section 21, which will extend the SM&CR to all authorised persons, and which has not yet been set.