Financial Guidance and Claims Act 2018

May 9, 2018

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<part xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" eId="part-1"><num>PART 1</num><heading>Financial Guidance <abbr title="Et cetera" xml:lang="la">etc</abbr></heading><hcontainer name="crossheading" ukl:Name="Pblock" eId="part-1-crossheading-establishment-of-the-single-financial-guidance-body"><heading>Establishment of the single financial guidance body</heading><section eId="section-1"><num>1</num><heading>The single financial guidance body</heading><subsection eId="section-1-1"><num>(1)</num><content>A body corporate with functions relating to financial guidance is established (the “single financial guidance body”).</content></subsection><subsection eId="section-1-2"><num>(2)</num><content>Schedule 1 makes further provision about the single financial guidance body.</content></subsection><subsection eId="section-1-3"><num>(3)</num><content>The name of the new body is to be determined by regulations made by the Secretary of State.</content></subsection><subsection eId="section-1-4"><num>(4)</num><intro>The regulations may—</intro><level class="para1" eId="section-1-4-a"><num>(a)</num><content>amend any provision of this Part, or of any Act amended by this Part, so as to replace the words “single financial guidance body” with the name of the body;</content></level><level class="para1" eId="section-1-4-b"><num>(b)</num><content>make incidental, supplementary and consequential provision.</content></level></subsection><subsection eId="section-1-5"><num>(5)</num><content>The power to make regulations under subsection (3) is exercisable by statutory instrument; and an instrument containing such regulations is subject to annulment in pursuance of a resolution of either House of Parliament.</content></subsection><subsection eId="section-1-6"><num>(6)</num><content>The consumer financial education body is dissolved.</content></subsection><subsection eId="section-1-7"><num>(7)</num><intro>Schedule 2 makes provision about schemes for the transfer of staff, property, rights and liabilities—</intro><level class="para1" eId="section-1-7-a"><num>(a)</num><content>from the Secretary of State and the Pensions Advisory Service Limited to the single financial guidance body;</content></level><level class="para1" eId="section-1-7-b"><num>(b)</num><content>from the consumer financial education body to the single financial guidance body and the devolved authorities.</content></level></subsection></section></hcontainer><hcontainer name="crossheading" ukl:Name="Pblock" eId="part-1-crossheading-objectives-and-functions-of-the-single-financial-guidance-body"><heading>Objectives and functions of the single financial guidance body</heading><section eId="section-2"><num>2</num><heading>Objectives</heading><subsection eId="section-2-1"><num>(1)</num><intro>The objectives of the single financial guidance body are—</intro><level class="para1" eId="section-2-1-a"><num>(a)</num><content>to improve the ability of members of the public to make informed financial decisions,</content></level><level class="para1" eId="section-2-1-b"><num>(b)</num><content>to support the provision of information, guidance and advice in areas where it is lacking,</content></level><level class="para1" eId="section-2-1-c"><num>(c)</num><content>to secure that information, guidance and advice is provided to members of the public in the clearest and most cost-effective way (including having regard to information provided by other organisations),</content></level><level class="para1" eId="section-2-1-d"><num>(d)</num><content>to ensure that information, guidance and advice is available to those most in need of it (and to allocate its resources accordingly), bearing in mind in particular the needs of people in vulnerable circumstances, and</content></level><level class="para1" eId="section-2-1-e"><num>(e)</num><content>to work closely with the devolved authorities as regards the provision of information, guidance and advice to members of the public in Scotland, Wales and Northern Ireland.</content></level></subsection><subsection eId="section-2-2"><num>(2)</num><content>The single financial guidance body must have regard to its objectives when it exercises its functions.</content></subsection><subsection eId="section-2-3"><num>(3)</num><intro>In this section “<term refersTo="#term-information-guidance-and-advice" eId="term-information-guidance-and-advice">information, guidance and advice</term>” means—</intro><level class="para1" eId="section-2-3-a"><num>(a)</num><content>information and guidance on matters relating to occupational and personal pensions,</content></level><level class="para1" eId="section-2-3-b"><num>(b)</num><content>information and advice on debt, and</content></level><level class="para1" eId="section-2-3-c"><num>(c)</num><content>information and guidance designed to enhance people's understanding and knowledge of financial matters and their ability to manage their own financial affairs.</content></level></subsection></section><section eId="section-3"><num>3</num><heading>Functions</heading><subsection eId="section-3-1"><num>(1)</num><intro>The single financial guidance body has the following functions—</intro><level class="para1" eId="section-3-1-a"><num>(a)</num><content>the pensions guidance function;</content></level><level class="para1" eId="section-3-1-b"><num>(b)</num><content>the debt advice function;</content></level><level class="para1" eId="section-3-1-c"><num>(c)</num><content>the money guidance function;</content></level><level class="para1" eId="section-3-1-d"><num>(d)</num><content>the consumer protection function;</content></level><level class="para1" eId="section-3-1-e"><num>(e)</num><content>the strategic function.</content></level></subsection><subsection eId="section-3-2"><num>(2)</num><intro>The single financial guidance body also has the function of providing—</intro><level class="para1" eId="section-3-2-a"><num>(a)</num><content>advice and assistance to the Secretary of State on matters relating to the functions listed in subsection (1), and</content></level><level class="para1" eId="section-3-2-b"><num>(b)</num><content>advice to the Secretary of State on the establishment of a debt respite scheme (see section 6).</content></level></subsection><subsection eId="section-3-3"><num>(3)</num><content>The single financial guidance body may do anything that is incidental or conducive to the exercise of its functions.</content></subsection><subsection eId="section-3-4"><num>(4)</num><content>The pensions guidance function is to provide, to members of the public, free and impartial information and guidance on matters relating to occupational and personal pensions.</content></subsection><subsection eId="section-3-5"><num>(5)</num><content>The debt advice function is to provide, to members of the public in England, free and impartial information and advice on debt.</content></subsection><subsection eId="section-3-6"><num>(6)</num><content>The money guidance function is to provide, to members of the public, free and impartial information and guidance designed to enhance people's understanding and knowledge of financial matters and their ability to manage their own financial affairs.</content></subsection><subsection eId="section-3-7"><num>(7)</num><intro>The consumer protection function is—</intro><level class="para1" eId="section-3-7-a"><num>(a)</num><content>to notify the FCA where, in the exercise of its other functions, the single financial guidance body becomes aware of practices carried out by FCA-regulated persons (within the meaning of section 139A of the Financial Services and Markets Act 2000) which it considers to be detrimental to consumers, and</content></level><level class="para1" eId="section-3-7-b"><num>(b)</num><intro>to consider the effect of unsolicited direct marketing on consumers of financial products and services, and, in particular—</intro><level class="para2" eId="section-3-7-b-i"><num>(i)</num><content>from time to time publish an assessment of whether unsolicited direct marketing is, or may be, having a detrimental effect on consumers, and</content></level><level class="para2" eId="section-3-7-b-ii"><num>(ii)</num><content>advise the Secretary of State whether to make regulations under section 22 (unsolicited direct marketing: other consumer financial products <abbr title="Et cetera" xml:lang="la">etc</abbr>).</content></level></level></subsection><subsection eId="section-3-8"><num>(8)</num><content>Where the single financial guidance body provides information, guidance or advice to a person in pursuance of one of the functions mentioned in subsection (1)(a) to (c), it must consider whether the person would benefit from receiving information, guidance or advice in pursuance of any other of those functions (and it must ensure that SFGB delivery partners are under a similar duty).</content></subsection><subsection eId="section-3-9"><num>(9)</num><intro>The strategic function is to develop and co-ordinate a national strategy to improve—</intro><level class="para1" eId="section-3-9-a"><num>(a)</num><content>the financial capability of members of the public,</content></level><level class="para1" eId="section-3-9-b"><num>(b)</num><content>the ability of members of the public to manage debt, and</content></level><level class="para1" eId="section-3-9-c"><num>(c)</num><content>the provision of financial education to children and young people.</content></level></subsection><subsection eId="section-3-10"><num>(10)</num><content>In developing and co-ordinating the national strategy, the single financial guidance body must work with others, such as those in the financial services industry, the devolved authorities and the public and voluntary sectors.</content></subsection></section><section eId="section-4"><num>4</num><heading>Specific requirements as to the pensions guidance function</heading><subsection eId="section-4-1"><num>(1)</num><content>As part of its pensions guidance function, the single financial guidance body must provide information and guidance for the purposes of helping a member of a pension scheme, or a survivor of a member of a pension scheme, to make decisions about what to do with the flexible benefits that may be provided to the member or survivor.</content></subsection><subsection eId="section-4-2"><num>(2)</num><intro>In subsection (1)—</intro><level class="para1" eId="section-4-2-a"><num>(a)</num><content>references to a member, or a survivor of a member, of a pension scheme include a member, or a survivor of a member, of a pension scheme for which the <abbr class="acronym" title="Pension Protection Fund">PPF</abbr> has assumed responsibility under Part 2 of the Pensions Act 2004 or Part 3 of the Pensions (Northern Ireland) Order 2005 (<abbr class="acronym" title="Statutory Instrument">S.I.</abbr> 2005/255 (N.I. 1)), but</content></level><level class="para1" eId="section-4-2-b"><num>(b)</num><content>in relation to such a member or survivor, the reference to the flexible benefits that may be provided is to be read as a reference to the money purchase benefits that may be provided by the <abbr class="acronym" title="Pension Protection Fund">PPF</abbr> by virtue of sections 161 and 170 of that Act or Articles 145 and 154 of that Order.</content></level></subsection><subsection eId="section-4-3"><num>(3)</num><intro>In this section—</intro><hcontainer name="definition"><content>“<term refersTo="#term-flexible-benefit" eId="term-flexible-benefit">flexible benefit</term>” has the meaning given by section 74 of the Pension Schemes Act 2015;</content></hcontainer><hcontainer name="definition"><intro>“money purchase benefits”—</intro><level class="para1"><num>(a)</num><content>in relation to England and Wales and Scotland, has the meaning given by section 181(1) of the Pension Schemes Act 1993, and</content></level><level class="para1"><num>(b)</num><content>in relation to Northern Ireland, has the meaning given by section 176(1) of the Pension Schemes (Northern Ireland) Act 1993;</content></level></hcontainer><hcontainer name="definition"><content>“<term refersTo="#term-pension-scheme" eId="term-pension-scheme">pension scheme</term>” has the meaning given by section 1(5) of the Pension Schemes Act 1993;</content></hcontainer><hcontainer name="definition"><content>“<term refersTo="#term-ppf" eId="term-ppf"><abbr class="acronym" title="Pension Protection Fund">PPF</abbr></term>” means the Board of the Pension Protection Fund;</content></hcontainer><hcontainer name="definition"><content>“<term refersTo="#term-survivor" eId="term-survivor">survivor</term>” has the meaning given by section 76(1) of the Pension Schemes Act 2015.</content></hcontainer></subsection></section><section eId="section-4A"><num><ins class="first" ukl:ChangeId="key-d6c101b8675139a6fc1b5883bc259c93-1637526400084" ukl:CommentaryRef="key-d6c101b8675139a6fc1b5883bc259c93"><noteRef uk:name="commentary" href="#key-d6c101b8675139a6fc1b5883bc259c93" class="commentary"/>4A</ins></num><heading><ins ukl:ChangeId="key-d6c101b8675139a6fc1b5883bc259c93-1637526400084" ukl:CommentaryRef="key-d6c101b8675139a6fc1b5883bc259c93">Specific functions included in the pensions guidance function</ins></heading><subsection eId="section-4A-1"><num><ins ukl:ChangeId="key-d6c101b8675139a6fc1b5883bc259c93-1637526400084" ukl:CommentaryRef="key-d6c101b8675139a6fc1b5883bc259c93">(1)</ins></num><intro><ins ukl:ChangeId="key-d6c101b8675139a6fc1b5883bc259c93-1637526400084" ukl:CommentaryRef="key-d6c101b8675139a6fc1b5883bc259c93">The single financial guidance body must provide a pensions dashboard service by means of which—</ins></intro><level class="para1" eId="section-4A-1-a"><num><ins ukl:ChangeId="key-d6c101b8675139a6fc1b5883bc259c93-1637526400084" ukl:CommentaryRef="key-d6c101b8675139a6fc1b5883bc259c93">(a)</ins></num><intro><ins ukl:ChangeId="key-d6c101b8675139a6fc1b5883bc259c93-1637526400084" ukl:CommentaryRef="key-d6c101b8675139a6fc1b5883bc259c93">information that the trustees or managers of a relevant occupational pension scheme are required to provide by—</ins></intro><level class="para2" eId="section-4A-1-a-i"><num><ins ukl:ChangeId="key-d6c101b8675139a6fc1b5883bc259c93-1637526400084" ukl:CommentaryRef="key-d6c101b8675139a6fc1b5883bc259c93">(i)</ins></num><content><ins ukl:ChangeId="key-d6c101b8675139a6fc1b5883bc259c93-1637526400084" ukl:CommentaryRef="key-d6c101b8675139a6fc1b5883bc259c93">regulations under section 238D(1)(a)(ii) of the Pensions Act 2004, or</ins></content></level><level class="para2" eId="section-4A-1-a-ii"><num><ins ukl:ChangeId="key-d6c101b8675139a6fc1b5883bc259c93-1637526400084" ukl:CommentaryRef="key-d6c101b8675139a6fc1b5883bc259c93">(ii)</ins></num><content><ins ukl:ChangeId="key-d6c101b8675139a6fc1b5883bc259c93-1637526400084" ukl:CommentaryRef="key-d6c101b8675139a6fc1b5883bc259c93">regulations under Article 215D(1)(a)(ii) of the Pensions (Northern Ireland) Order 2005 (S.I. 2005/255 (N.I. 1)), and</ins></content></level></level><level class="para1" eId="section-4A-1-b"><num><ins ukl:ChangeId="key-d6c101b8675139a6fc1b5883bc259c93-1637526400084" ukl:CommentaryRef="key-d6c101b8675139a6fc1b5883bc259c93">(b)</ins></num><content><ins ukl:ChangeId="key-d6c101b8675139a6fc1b5883bc259c93-1637526400084" ukl:CommentaryRef="key-d6c101b8675139a6fc1b5883bc259c93">information that specified authorised persons are required to provide by general rules under section 137FAA(1)(a)(ii) of the Financial Services and Markets Act 2000,</ins></content></level><wrapUp><ins ukl:ChangeId="key-d6c101b8675139a6fc1b5883bc259c93-1637526400084" ukl:CommentaryRef="key-d6c101b8675139a6fc1b5883bc259c93">may be requested by, and provided to, an individual or a person authorised by the individual.</ins></wrapUp></subsection><subsection eId="section-4A-2"><num><ins ukl:ChangeId="key-d6c101b8675139a6fc1b5883bc259c93-1637526400084" ukl:CommentaryRef="key-d6c101b8675139a6fc1b5883bc259c93">(2)</ins></num><intro><ins ukl:ChangeId="key-d6c101b8675139a6fc1b5883bc259c93-1637526400084" ukl:CommentaryRef="key-d6c101b8675139a6fc1b5883bc259c93">The single financial guidance body may, by means of its pensions dashboard service, provide information about—</ins></intro><level class="para1" eId="section-4A-2-a"><num><ins ukl:ChangeId="key-d6c101b8675139a6fc1b5883bc259c93-1637526400084" ukl:CommentaryRef="key-d6c101b8675139a6fc1b5883bc259c93">(a)</ins></num><content><ins ukl:ChangeId="key-d6c101b8675139a6fc1b5883bc259c93-1637526400084" ukl:CommentaryRef="key-d6c101b8675139a6fc1b5883bc259c93">state pensions,</ins></content></level><level class="para1" eId="section-4A-2-b"><num><ins ukl:ChangeId="key-d6c101b8675139a6fc1b5883bc259c93-1637526400084" ukl:CommentaryRef="key-d6c101b8675139a6fc1b5883bc259c93">(b)</ins></num><content><ins ukl:ChangeId="key-d6c101b8675139a6fc1b5883bc259c93-1637526400084" ukl:CommentaryRef="key-d6c101b8675139a6fc1b5883bc259c93">basic and additional retirement pensions, </ins><ins ukl:ChangeId="key-d6c101b8675139a6fc1b5883bc259c93-1637526400084" ukl:CommentaryRef="key-d6c101b8675139a6fc1b5883bc259c93"><noteRef href="#key-3fdc86694282968be68f63a0ac6bfdea" uk:name="commentary" ukl:Name="CommentaryRef" class="commentary"/>...</ins></content></level><level class="para1" eId="section-4A-2-c"><num><ins ukl:ChangeId="key-d6c101b8675139a6fc1b5883bc259c93-1637526400084" ukl:CommentaryRef="key-d6c101b8675139a6fc1b5883bc259c93">(c)</ins></num><content><ins ukl:ChangeId="key-d6c101b8675139a6fc1b5883bc259c93-1637526400084" ukl:CommentaryRef="key-d6c101b8675139a6fc1b5883bc259c93">state pension information relating to an individual.</ins></content></level><level class="para1" eId="section-4A-2-d"><num><ins ukl:ChangeId="key-d6c101b8675139a6fc1b5883bc259c93-1637526400084" ukl:CommentaryRef="key-d6c101b8675139a6fc1b5883bc259c93"><ins class="first" ukl:ChangeId="key-45f13b9eb3b388a31f9615db2b2f4819-1780502338607" ukl:CommentaryRef="key-45f13b9eb3b388a31f9615db2b2f4819"><noteRef uk:name="commentary" href="#key-45f13b9eb3b388a31f9615db2b2f4819" class="commentary"/>(d)</ins></ins></num><content><ins ukl:ChangeId="key-d6c101b8675139a6fc1b5883bc259c93-1637526400084" ukl:CommentaryRef="key-d6c101b8675139a6fc1b5883bc259c93"><ins ukl:ChangeId="key-45f13b9eb3b388a31f9615db2b2f4819-1780502338607" ukl:CommentaryRef="key-45f13b9eb3b388a31f9615db2b2f4819">the Pension Protection Fund, including information relating to an individual, and</ins></ins></content></level><level class="para1" eId="section-4A-2-e"><num><ins ukl:ChangeId="key-d6c101b8675139a6fc1b5883bc259c93-1637526400084" ukl:CommentaryRef="key-d6c101b8675139a6fc1b5883bc259c93"><ins ukl:ChangeId="key-45f13b9eb3b388a31f9615db2b2f4819-1780502338607" ukl:CommentaryRef="key-45f13b9eb3b388a31f9615db2b2f4819">(e)</ins></ins></num><content><ins ukl:ChangeId="key-d6c101b8675139a6fc1b5883bc259c93-1637526400084" ukl:CommentaryRef="key-d6c101b8675139a6fc1b5883bc259c93"><ins class="last" ukl:ChangeId="key-45f13b9eb3b388a31f9615db2b2f4819-1780502338607" ukl:CommentaryRef="key-45f13b9eb3b388a31f9615db2b2f4819">the financial assistance scheme, including information relating to an individual.</ins></ins></content></level></subsection><subsection eId="section-4A-3"><num><ins ukl:ChangeId="key-d6c101b8675139a6fc1b5883bc259c93-1637526400084" ukl:CommentaryRef="key-d6c101b8675139a6fc1b5883bc259c93">(3)</ins></num><intro><ins ukl:ChangeId="key-d6c101b8675139a6fc1b5883bc259c93-1637526400084" ukl:CommentaryRef="key-d6c101b8675139a6fc1b5883bc259c93">The single financial guidance body may carry out other functions relating to pensions dashboard services, including functions for which provision is made by—</ins></intro><level class="para1" eId="section-4A-3-a"><num><ins ukl:ChangeId="key-d6c101b8675139a6fc1b5883bc259c93-1637526400084" ukl:CommentaryRef="key-d6c101b8675139a6fc1b5883bc259c93">(a)</ins></num><content><ins ukl:ChangeId="key-d6c101b8675139a6fc1b5883bc259c93-1637526400084" ukl:CommentaryRef="key-d6c101b8675139a6fc1b5883bc259c93">regulations under section 238A of the Pensions Act 2004 or Article 215A of the Pensions (Northern Ireland) Order 2005 (qualifying pensions dashboard services),</ins></content></level><level class="para1" eId="section-4A-3-b"><num><ins ukl:ChangeId="key-d6c101b8675139a6fc1b5883bc259c93-1637526400084" ukl:CommentaryRef="key-d6c101b8675139a6fc1b5883bc259c93">(b)</ins></num><content><ins ukl:ChangeId="key-d6c101b8675139a6fc1b5883bc259c93-1637526400084" ukl:CommentaryRef="key-d6c101b8675139a6fc1b5883bc259c93">regulations under section 238D of the Pensions Act 2004 or Article 215D of the Pensions (Northern Ireland) Order 2005 (information from occupational pension schemes), or</ins></content></level><level class="para1" eId="section-4A-3-c"><num><ins ukl:ChangeId="key-d6c101b8675139a6fc1b5883bc259c93-1637526400084" ukl:CommentaryRef="key-d6c101b8675139a6fc1b5883bc259c93">(c)</ins></num><content><ins ukl:ChangeId="key-d6c101b8675139a6fc1b5883bc259c93-1637526400084" ukl:CommentaryRef="key-d6c101b8675139a6fc1b5883bc259c93">general rules under section 137FAA of the Financial Services and Markets Act 2000 (information from personal or stakeholder pension schemes).</ins></content></level></subsection><subsection eId="section-4A-4"><num><ins ukl:ChangeId="key-d6c101b8675139a6fc1b5883bc259c93-1637526400084" ukl:CommentaryRef="key-d6c101b8675139a6fc1b5883bc259c93">(4)</ins></num><content><ins ukl:ChangeId="key-d6c101b8675139a6fc1b5883bc259c93-1637526400084" ukl:CommentaryRef="key-d6c101b8675139a6fc1b5883bc259c93">The functions of the single financial guidance body referred to in subsections (1) to (3) are part of its pensions guidance function.</ins></content></subsection><subsection eId="section-4A-5"><num><ins ukl:ChangeId="key-d6c101b8675139a6fc1b5883bc259c93-1637526400084" ukl:CommentaryRef="key-d6c101b8675139a6fc1b5883bc259c93">(5)</ins></num><content><ins ukl:ChangeId="key-d6c101b8675139a6fc1b5883bc259c93-1637526400084" ukl:CommentaryRef="key-d6c101b8675139a6fc1b5883bc259c93">Subsections (1) to (4) are without prejudice to sections 3(4) and (8) and 4.</ins></content></subsection><subsection eId="section-4A-6"><num><ins ukl:ChangeId="key-d6c101b8675139a6fc1b5883bc259c93-1637526400084" ukl:CommentaryRef="key-d6c101b8675139a6fc1b5883bc259c93">(6)</ins></num><intro><ins ukl:ChangeId="key-d6c101b8675139a6fc1b5883bc259c93-1637526400084" ukl:CommentaryRef="key-d6c101b8675139a6fc1b5883bc259c93">In this section—</ins></intro><hcontainer name="definition"><content> <ins ukl:ChangeId="key-d6c101b8675139a6fc1b5883bc259c93-1637526400084" ukl:CommentaryRef="key-d6c101b8675139a6fc1b5883bc259c93"><ins class="first" ukl:ChangeId="key-9981caa08f93a4ffc19d84c71a12f3a1-1780502414331" ukl:CommentaryRef="key-9981caa08f93a4ffc19d84c71a12f3a1"><noteRef uk:name="commentary" href="#key-9981caa08f93a4ffc19d84c71a12f3a1" class="commentary"/>“</ins></ins><term refersTo="#term-financial-assistance-scheme"><ins ukl:ChangeId="key-d6c101b8675139a6fc1b5883bc259c93-1637526400084" ukl:CommentaryRef="key-d6c101b8675139a6fc1b5883bc259c93"><ins ukl:ChangeId="key-9981caa08f93a4ffc19d84c71a12f3a1-1780502414331" ukl:CommentaryRef="key-9981caa08f93a4ffc19d84c71a12f3a1">financial assistance scheme</ins></ins></term><ins ukl:ChangeId="key-d6c101b8675139a6fc1b5883bc259c93-1637526400084" ukl:CommentaryRef="key-d6c101b8675139a6fc1b5883bc259c93"><ins class="last" ukl:ChangeId="key-9981caa08f93a4ffc19d84c71a12f3a1-1780502414331" ukl:CommentaryRef="key-9981caa08f93a4ffc19d84c71a12f3a1">” means the scheme provided for by regulations under section 286 of the Pensions Act 2004 (financial assistance scheme for members of certain pension schemes);</ins></ins> </content></hcontainer><hcontainer name="definition"><intro><ins ukl:ChangeId="key-d6c101b8675139a6fc1b5883bc259c93-1637526400084" ukl:CommentaryRef="key-d6c101b8675139a6fc1b5883bc259c93">“</ins><term refersTo="#term-pensions-dashboard-service"><ins ukl:ChangeId="key-d6c101b8675139a6fc1b5883bc259c93-1637526400084" ukl:CommentaryRef="key-d6c101b8675139a6fc1b5883bc259c93">pensions dashboard service</ins></term><ins ukl:ChangeId="key-d6c101b8675139a6fc1b5883bc259c93-1637526400084" ukl:CommentaryRef="key-d6c101b8675139a6fc1b5883bc259c93">” means—</ins></intro><level class="para1"><num>(a)</num><content><ins ukl:ChangeId="key-d6c101b8675139a6fc1b5883bc259c93-1637526400084" ukl:CommentaryRef="key-d6c101b8675139a6fc1b5883bc259c93">a pensions dashboard service within the meaning of section 238A of the Pensions Act 2004, or</ins></content></level><level class="para1"><num>(b)</num><content><ins ukl:ChangeId="key-d6c101b8675139a6fc1b5883bc259c93-1637526400084" ukl:CommentaryRef="key-d6c101b8675139a6fc1b5883bc259c93">a pensions dashboard service within the meaning of Article 215A of the Pensions (Northern Ireland) Order 2005 (S.I. 2005/255 (N.I. 1));</ins></content></level></hcontainer><hcontainer name="definition"><intro><ins ukl:ChangeId="key-d6c101b8675139a6fc1b5883bc259c93-1637526400084" ukl:CommentaryRef="key-d6c101b8675139a6fc1b5883bc259c93">“</ins><term refersTo="#term-relevant-occupational-pension-scheme"><ins ukl:ChangeId="key-d6c101b8675139a6fc1b5883bc259c93-1637526400084" ukl:CommentaryRef="key-d6c101b8675139a6fc1b5883bc259c93">relevant occupational pension scheme</ins></term><ins ukl:ChangeId="key-d6c101b8675139a6fc1b5883bc259c93-1637526400084" ukl:CommentaryRef="key-d6c101b8675139a6fc1b5883bc259c93">” has the meaning given by—</ins></intro><level class="para1"><num>(a)</num><content><ins ukl:ChangeId="key-d6c101b8675139a6fc1b5883bc259c93-1637526400084" ukl:CommentaryRef="key-d6c101b8675139a6fc1b5883bc259c93">section 238F of the Pensions Act 2004, in relation to England and Wales and Scotland, and</ins></content></level><level class="para1"><num>(b)</num><content><ins ukl:ChangeId="key-d6c101b8675139a6fc1b5883bc259c93-1637526400084" ukl:CommentaryRef="key-d6c101b8675139a6fc1b5883bc259c93">Article 215F of the Pensions (Northern Ireland) Order 2005, in relation to Northern Ireland;</ins></content></level></hcontainer><hcontainer name="definition"><content><ins ukl:ChangeId="key-d6c101b8675139a6fc1b5883bc259c93-1637526400084" ukl:CommentaryRef="key-d6c101b8675139a6fc1b5883bc259c93">“</ins><term refersTo="#term-specified-authorised-person"><ins ukl:ChangeId="key-d6c101b8675139a6fc1b5883bc259c93-1637526400084" ukl:CommentaryRef="key-d6c101b8675139a6fc1b5883bc259c93">specified authorised person</ins></term><ins ukl:ChangeId="key-d6c101b8675139a6fc1b5883bc259c93-1637526400084" ukl:CommentaryRef="key-d6c101b8675139a6fc1b5883bc259c93">” has the meaning given by section 137FAC of the Financial Services and Markets Act 2000;</ins></content></hcontainer><hcontainer name="definition"><content><ins class="last" ukl:ChangeId="key-d6c101b8675139a6fc1b5883bc259c93-1637526400084" ukl:CommentaryRef="key-d6c101b8675139a6fc1b5883bc259c93">“state pension”, “basic retirement pension”, “additional retirement pension” and “state pension information” have the meaning given by section 238C of the Pensions Act 2004.</ins></content></hcontainer></subsection></section><section eId="section-5"><num>5</num><heading>Delegation of functions to delivery partner organisations</heading><subsection eId="section-5-1"><num>(1)</num><intro>The single financial guidance body may arrange for another person (a “primary SFGB delivery partner”) to carry out any of the following functions on its behalf—</intro><level class="para1" eId="section-5-1-a"><num>(a)</num><content>the pensions guidance function;</content></level><level class="para1" eId="section-5-1-b"><num>(b)</num><content>the debt advice function;</content></level><level class="para1" eId="section-5-1-c"><num>(c)</num><content>the money guidance function.</content></level></subsection><subsection eId="section-5-2"><num>(2)</num><content>A primary SFGB delivery partner may arrange for another person (a “secondary SFGB delivery partner”) to carry out any of the functions it is carrying out on behalf of the single financial guidance body.</content></subsection><subsection eId="section-5-3"><num>(3)</num><content>A secondary SFGB delivery partner may arrange for another person to carry out any of the functions it is carrying out on behalf of the single financial guidance body, but only with the consent of the single financial guidance body.</content></subsection><subsection eId="section-5-4"><num>(4)</num><content>Arrangements under this section may include provision as to payment to the SFGB delivery partner.</content></subsection><subsection eId="section-5-5"><num>(5)</num><content>Arrangements under this section must include provision requiring an SFGB delivery partner to disclose information to the single financial guidance body or the FCA when requested to do so to enable the single financial guidance body or the FCA to exercise the functions set out in section 10 (monitoring and enforcement of standards).</content></subsection></section><section eId="section-6"><num>6</num><heading>Debt respite scheme: advice to the Secretary of State</heading><subsection eId="section-6-1"><num>(1)</num><content>The Secretary of State must, within three months of the establishment of the single financial guidance body, seek advice from the body on the establishment of a debt respite scheme.</content></subsection><subsection eId="section-6-2"><num>(2)</num><intro>A debt respite scheme is a scheme designed to do one or more of the following—</intro><level class="para1" eId="section-6-2-a"><num>(a)</num><content>protect individuals in debt from the accrual of further interest or charges on their debts during the period specified by the scheme,</content></level><level class="para1" eId="section-6-2-b"><num>(b)</num><content>protect individuals in debt from enforcement action from their creditors during that period, and</content></level><level class="para1" eId="section-6-2-c"><num>(c)</num><content>help individuals in debt <del class="first last" ukl:ChangeId="key-50fa10d96fc93246cb3764628d19d532-1637529561417" ukl:CommentaryRef="key-50fa10d96fc93246cb3764628d19d532"><noteRef uk:name="commentary" href="#key-50fa10d96fc93246cb3764628d19d532" class="commentary"/>and their creditors</del> to devise a realistic plan for the repayment of some or all of the debts.</content></level></subsection><subsection eId="section-6-3"><num>(3)</num><intro>The matters on which the Secretary of State may seek advice include (but are not limited to)—</intro><level class="para1" eId="section-6-3-a"><num>(a)</num><content>the appropriate person to administer the scheme (and the single financial guidance body may recommend the creation of a new body for this purpose);</content></level><level class="para1" eId="section-6-3-b"><num>(b)</num><content>whether the scheme should apply in England only, or whether it should also apply in Wales or Northern Ireland (or both);</content></level><level class="para1" eId="section-6-3-c"><num>(c)</num><intro>the scope and design of the scheme, for example—</intro><level class="para2" eId="section-6-3-c-i"><num>(i)</num><content>the types of debtors and the types of debts it should cover;</content></level><level class="para2" eId="section-6-3-c-ii"><num>(ii)</num><content>the types of protections it should give;</content></level><level class="para2" eId="section-6-3-c-iii"><num>(iii)</num><content>the time period for which the protections should apply;</content></level><level class="para2" eId="section-6-3-c-iv"><num>(iv)</num><content>what the obligations on debtors and creditors should be during any period for which protections apply, including any period of a repayment plan;</content></level><level class="para2" eId="section-6-3-c-v"><num>(v)</num><content>the consequences of a failure by a debtor or a creditor to comply with a repayment plan;</content></level></level><level class="para1" eId="section-6-3-d"><num>(d)</num><intro>how the scheme should work, for example—</intro><level class="para2" eId="section-6-3-d-i"><num>(i)</num><content>how an application should be made for the protections given by the scheme;</content></level><level class="para2" eId="section-6-3-d-ii"><num>(ii)</num><content>suitable arrangements to keep creditors informed;</content></level><level class="para2" eId="section-6-3-d-iii"><num>(iii)</num><content>whether there should be a central register of persons admitted to the scheme;</content></level></level><level class="para1" eId="section-6-3-e"><num>(e)</num><content>how the scheme should be implemented.</content></level></subsection><subsection eId="section-6-4"><num>(4)</num><content>The single financial guidance body must provide the advice sought within 12 months of its establishment.</content></subsection><subsection eId="section-6-5"><num>(5)</num><content>The Secretary of State must publish the advice.</content></subsection></section><section eId="section-7"><num>7</num><heading>Debt respite scheme: regulations</heading><subsection eId="section-7-1"><num>(1)</num><content>As soon as reasonably practicable after receiving advice from the single financial guidance body under section 6, the Secretary of State must consider whether to make regulations under this section.</content></subsection><subsection eId="section-7-2"><num>(2)</num><content>After receiving advice from the single financial guidance body under section 6, the Secretary of State may make regulations establishing a debt respite scheme.</content></subsection><subsection eId="section-7-3"><num>(3)</num><content>The regulations must take the advice into account.</content></subsection><subsection eId="section-7-4"><num>(4)</num><intro>The regulations may provide for the scheme to apply—</intro><level class="para1" eId="section-7-4-a"><num>(a)</num><content>in England only,</content></level><level class="para1" eId="section-7-4-b"><num>(b)</num><content>in England and Wales,</content></level><level class="para1" eId="section-7-4-c"><num>(c)</num><content>in England and Northern Ireland, or</content></level><level class="para1" eId="section-7-4-d"><num>(d)</num><content>in England, Wales and Northern Ireland.</content></level></subsection><subsection eId="section-7-4A"><num><ins class="first" ukl:ChangeId="key-cae2742f95c1583035cf3bdf7e40b27f-1637529704730" ukl:CommentaryRef="key-cae2742f95c1583035cf3bdf7e40b27f"><noteRef uk:name="commentary" href="#key-cae2742f95c1583035cf3bdf7e40b27f" class="commentary"/>(4A)</ins></num><intro><ins ukl:ChangeId="key-cae2742f95c1583035cf3bdf7e40b27f-1637529704730" ukl:CommentaryRef="key-cae2742f95c1583035cf3bdf7e40b27f">The regulations may include the following as part of the scheme so far as it applies in England and Wales—</ins></intro><level class="para1" eId="section-7-4A-a"><num><ins ukl:ChangeId="key-cae2742f95c1583035cf3bdf7e40b27f-1637529704730" ukl:CommentaryRef="key-cae2742f95c1583035cf3bdf7e40b27f">(a)</ins></num><content><ins ukl:ChangeId="key-cae2742f95c1583035cf3bdf7e40b27f-1637529704730" ukl:CommentaryRef="key-cae2742f95c1583035cf3bdf7e40b27f">provision about the involvement of creditors in the process of devising a plan for the repayment of some or all of an individual's debts;</ins></content></level><level class="para1" eId="section-7-4A-b"><num><ins ukl:ChangeId="key-cae2742f95c1583035cf3bdf7e40b27f-1637529704730" ukl:CommentaryRef="key-cae2742f95c1583035cf3bdf7e40b27f">(b)</ins></num><content><ins ukl:ChangeId="key-cae2742f95c1583035cf3bdf7e40b27f-1637529704730" ukl:CommentaryRef="key-cae2742f95c1583035cf3bdf7e40b27f">provision to protect an individual, during the period of a repayment plan, from being required to repay a debt to which the plan applies otherwise than in accordance with the plan;</ins></content></level><level class="para1" eId="section-7-4A-c"><num><ins ukl:ChangeId="key-cae2742f95c1583035cf3bdf7e40b27f-1637529704730" ukl:CommentaryRef="key-cae2742f95c1583035cf3bdf7e40b27f">(c)</ins></num><intro><ins ukl:ChangeId="key-cae2742f95c1583035cf3bdf7e40b27f-1637529704730" ukl:CommentaryRef="key-cae2742f95c1583035cf3bdf7e40b27f">provision for an amount payable in respect of a debt in accordance with a repayment plan—</ins></intro><level class="para2" eId="section-7-4A-c-i"><num><ins ukl:ChangeId="key-cae2742f95c1583035cf3bdf7e40b27f-1637529704730" ukl:CommentaryRef="key-cae2742f95c1583035cf3bdf7e40b27f">(i)</ins></num><content><ins ukl:ChangeId="key-cae2742f95c1583035cf3bdf7e40b27f-1637529704730" ukl:CommentaryRef="key-cae2742f95c1583035cf3bdf7e40b27f">to be payable instead towards the costs of operating the repayment plan, other repayment plans or the debt respite scheme, and</ins></content></level><level class="para2" eId="section-7-4A-c-ii"><num><ins ukl:ChangeId="key-cae2742f95c1583035cf3bdf7e40b27f-1637529704730" ukl:CommentaryRef="key-cae2742f95c1583035cf3bdf7e40b27f">(ii)</ins></num><content><ins class="last" ukl:ChangeId="key-cae2742f95c1583035cf3bdf7e40b27f-1637529704730" ukl:CommentaryRef="key-cae2742f95c1583035cf3bdf7e40b27f">to be treated, so far as paid towards those costs, as permanently reducing a debt to which the plan applies.</ins></content></level></level></subsection><subsection eId="section-7-5"><num>(5)</num><intro>Regulations under this section may—</intro><level class="para1" eId="section-7-5-a"><num>(a)</num><content>make different provision for different purposes,</content></level><level class="para1" eId="section-7-5-b"><num>(b)</num><content>make different provision for different areas,</content></level><level class="para1" eId="section-7-5-ba"><num><ins class="first" ukl:ChangeId="key-2a51eef4f6bab9c6594588e47b50b5ee-1637529833001" ukl:CommentaryRef="key-2a51eef4f6bab9c6594588e47b50b5ee"><noteRef uk:name="commentary" href="#key-2a51eef4f6bab9c6594588e47b50b5ee" class="commentary"/>(ba)</ins></num><content><ins class="last" ukl:ChangeId="key-2a51eef4f6bab9c6594588e47b50b5ee-1637529833001" ukl:CommentaryRef="key-2a51eef4f6bab9c6594588e47b50b5ee">make provision binding the Crown,</ins></content></level><level class="para1" eId="section-7-5-c"><num>(c)</num><content>make incidental, supplemental, consequential, transitional or saving provision, and</content></level><level class="para1" eId="section-7-5-d"><num>(d)</num><content>apply to obligations entered into, or debts due to be repaid, before the regulations come into force.</content></level></subsection><subsection eId="section-7-6"><num>(6)</num><intro>Provision under subsection (5)(c) may amend any provision made by or under—</intro><level class="para1" eId="section-7-6-a"><num>(a)</num><content>an Act of Parliament,</content></level><level class="para1" eId="section-7-6-b"><num>(b)</num><content>in the case where the regulations provide for the scheme to apply in Wales, a Measure or Act of the National Assembly for Wales, and</content></level><level class="para1" eId="section-7-6-c"><num>(c)</num><content>in the case where the regulations provide for the scheme to apply in Northern Ireland, Northern Ireland legislation.</content></level></subsection><subsection eId="section-7-7"><num>(7)</num><content>Regulations under this section are to be made by statutory instrument.</content></subsection><subsection eId="section-7-8"><num>(8)</num><intro>An instrument containing regulations under this section may not be made unless a draft of the instrument has been laid before and approved by a resolution of —</intro><level class="para1" eId="section-7-8-a"><num>(a)</num><content>each House of Parliament,</content></level><level class="para1" eId="section-7-8-b"><num>(b)</num><content>in the case where the regulations provide for the scheme to apply in Wales, the National Assembly for Wales, and</content></level><level class="para1" eId="section-7-8-c"><num>(c)</num><content>in the case where the regulations provide for the scheme to apply in Northern Ireland, the Northern Ireland Assembly.</content></level></subsection></section><section eId="section-8"><num>8</num><heading>Guidance and directions from the Secretary of State</heading><subsection eId="section-8-1"><num>(1)</num><content>The Secretary of State may issue guidance and give directions to the single financial guidance body about the exercise of its functions.</content></subsection><subsection eId="section-8-2"><num>(2)</num><content>The Secretary of State must publish any directions that are given to the single financial guidance body.</content></subsection><subsection eId="section-8-3"><num>(3)</num><content>The single financial guidance body must have regard to guidance, and comply with directions, given to it by the Secretary of State.</content></subsection></section></hcontainer><hcontainer name="crossheading" ukl:Name="Pblock" eId="part-1-crossheading-standards-set-by-the-single-financial-guidance-body"><heading>Standards set by the single financial guidance body</heading><section eId="section-9"><num>9</num><heading>Setting standards</heading><subsection eId="section-9-1"><num>(1)</num><intro>The single financial guidance body must from time to time set standards to be complied with by—</intro><level class="para1" eId="section-9-1-a"><num>(a)</num><content>persons providing information or guidance in pursuance of the body's pensions guidance function,</content></level><level class="para1" eId="section-9-1-b"><num>(b)</num><content>persons providing information or advice in pursuance of the body's debt advice function, and</content></level><level class="para1" eId="section-9-1-c"><num>(c)</num><content>persons providing information or guidance in pursuance of the body's money guidance function.</content></level></subsection><subsection eId="section-9-2"><num>(2)</num><content>Before finalising the standards, the single financial guidance body must obtain the approval of the FCA.</content></subsection><subsection eId="section-9-3"><num>(3)</num><content>In determining whether to approve the standards, the FCA must have regard to the needs of people who are receiving, or who may seek to receive, the information, guidance or advice to which the standards will apply.</content></subsection><subsection eId="section-9-4"><num>(4)</num><content>The single financial guidance body must publish the standards.</content></subsection></section><section eId="section-10"><num>10</num><heading>Monitoring and enforcement of standards</heading><subsection eId="section-10-1"><num>(1)</num><content>The single financial guidance body must monitor its own and SFGB delivery partners' compliance with the standards.</content></subsection><subsection eId="section-10-2"><num>(2)</num><intro>The FCA must, at least once in every three years, carry out a review of—</intro><level class="para1" eId="section-10-2-a"><num>(a)</num><content>whether the standards continue to be appropriate, and</content></level><level class="para1" eId="section-10-2-b"><num>(b)</num><content>how the single financial guidance body is monitoring and enforcing the standards.</content></level></subsection><subsection eId="section-10-3"><num>(3)</num><intro>As soon as practicable after the FCA has completed its review, it must provide a report on the review to—</intro><level class="para1" eId="section-10-3-a"><num>(a)</num><content>the single financial guidance body, and</content></level><level class="para1" eId="section-10-3-b"><num>(b)</num><content>the Secretary of State.</content></level></subsection><subsection eId="section-10-4"><num>(4)</num><content>The report may contain recommendations to the single financial guidance body.</content></subsection></section></hcontainer><hcontainer name="crossheading" ukl:Name="Pblock" eId="part-1-crossheading-funding-of-the-single-financial-guidance-body"><heading>Funding of the single financial guidance body</heading><section eId="section-11"><num>11</num><heading>Financial assistance from the Secretary of State</heading><subsection eId="section-11-1"><num>(1)</num><content>The Secretary of State may pay grants or make loans, or give any other form of financial assistance, to meet expenditure in connection with the establishment of the single financial guidance body (including expenditure incurred or expected to be incurred before the commencement of section 1).</content></subsection><subsection eId="section-11-2"><num>(2)</num><content>The Secretary of State may pay grants or make loans, or give any other form of financial assistance, to the single financial guidance body for the purpose of enabling it to carry out its functions.</content></subsection><subsection eId="section-11-3"><num>(3)</num><content>Financial assistance may be given under subsection (1) or (2) subject to any conditions the Secretary of State thinks appropriate (including conditions as to repayment).</content></subsection></section><section eId="section-12"><num>12</num><heading>Levies under Pension Schemes Act 1993 and Pension Schemes (<abbr class="acronym" title="Northern Ireland">NI</abbr>) Act 1993</heading><subsection eId="section-12-1"><num>(1)</num><intro>In section 175(1) of the Pension Schemes Act 1993 (power to make regulations imposing levies to meet certain expenditure)—</intro><level class="para1" eId="section-12-1-a"><num>(a)</num><content>omit the “or” at the end of paragraph (c), and</content></level><level class="para1" eId="section-12-1-b"><num>(b)</num><content><mod>after paragraph (d) insert<quotedText startQuote="“">or </quotedText><quotedStructure endQuote="”" uk:context="unknown" uk:docName="unknown" ukl:TargetClass="unknown" ukl:TargetSubClass="unknown" ukl:Context="unknown" ukl:Format="default"><level class="para1"><num>(e)</num><content>under section 11 of the Financial Guidance and Claims Act 2018 (financial assistance from Secretary of State) relating to the single financial guidance body's pensions guidance function (see section 3 of that Act),</content></level></quotedStructure><inline name="appendText">.</inline></mod></content></level></subsection><subsection eId="section-12-2"><num>(2)</num><intro>In section 170(1) of the Pension Schemes (Northern Ireland) Act 1993 (power to make regulations imposing levies to meet certain expenditure)—</intro><level class="para1" eId="section-12-2-a"><num>(a)</num><content>omit the “or” at the end of paragraph (c), and</content></level><level class="para1" eId="section-12-2-b"><num>(b)</num><content><mod>after paragraph (d) insert<quotedText startQuote="“">or </quotedText><quotedStructure endQuote="”" uk:context="unknown" uk:docName="unknown" ukl:TargetClass="unknown" ukl:TargetSubClass="unknown" ukl:Context="unknown" ukl:Format="default"><level class="para1"><num>(e)</num><content>under section 11 of the Financial Guidance and Claims Act 2018 (financial assistance from Secretary of State) relating to the single financial guidance body's pensions guidance function (see section 3 of that Act),</content></level></quotedStructure><inline name="appendText">.</inline></mod></content></level></subsection><subsection eId="section-12-3"><num>(3)</num><content>References in regulations made under section 175(1) of the Pension Schemes Act 1993 (including regulations in force before the commencement of this section) to “expenditure referred to in section 175(1) of the 1993 Act” are to be read as references to expenditure referred to in section 175(1) of the Pension Schemes Act 1993 as amended by this section.</content></subsection><subsection eId="section-12-4"><num>(4)</num><content>References in regulations made under section 170(1) of the Pension Schemes (Northern Ireland) Act 1993 (including regulations in force before the commencement of this section) to “expenditure referred to in section 170(1) of the Act” are to be read as references to expenditure referred to in section 170(1) of the Pension Schemes (Northern Ireland) Act 1993 as amended by this section.</content></subsection></section><section eId="section-13"><num>13</num><heading>Levy under FSMA 2000 for expenses of single financial guidance body</heading><subsection eId="section-13-1"><num>(1)</num><content><mod>In the Financial Services and Markets Act 2000, after section 137S, insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="default"><section><num>137SA</num><heading>Rules to recover expenses relating to the single financial guidance body</heading><subsection><num>(1)</num><intro>The Secretary of State may, from time to time, notify the FCA of the amount of—</intro><level class="para1"><num>(a)</num><content>the expenses incurred, or expected to be incurred, by the Secretary of State under section 11 of the Financial Guidance and Claims Act 2018 (financial assistance from Secretary of State to single financial guidance body), and</content></level><level class="para1"><num>(b)</num><content>any other expenses incurred, or expected to be incurred, by the Secretary of State in connection with the operation of the single financial guidance body,</content></level><wrapUp>that the Secretary of State considers should be recovered under this section.</wrapUp></subsection><subsection><num>(2)</num><intro>Where the Secretary of State has notified the FCA of an amount of expenses under subsection (1), the FCA must make rules for imposing levies with a view to recovering—</intro><level class="para1"><num>(a)</num><content>the amount notified, and</content></level><level class="para1"><num>(b)</num><content>expenses incurred by the FCA in connection with its functions under this section.</content></level></subsection><subsection><num>(3)</num><intro>The rules must require the payment to the FCA of specified sums, or sums calculated in a specified way, by—</intro><level class="para1"><num>(a)</num><content>authorised persons, electronic money issuers or payment service providers, or</content></level><level class="para1"><num>(b)</num><content>any specified class of authorised person, electronic money issuer or payment service provider.</content></level></subsection><subsection><num>(4)</num><content>Before the FCA publishes a draft of rules to be made under this section it must consult the Secretary of State.</content></subsection><subsection><num>(5)</num><content>The rules may be made only with the consent of the Secretary of State.</content></subsection><subsection><num>(6)</num><content>The Secretary of State may notify the FCA of matters that will be taken into account when deciding whether or not to give consent under subsection (5).</content></subsection><subsection><num>(7)</num><content>The FCA must have regard to any matters notified under subsection (6) before publishing a draft of rules to be made under this section.</content></subsection><subsection><num>(8)</num><content>The FCA must pay the Secretary of State the sums it receives under rules made under this section, apart from those paid to recover the expenses mentioned in subsection (2)(b) (which the FCA may keep).</content></subsection><subsection><num>(9)</num><intro>Subsection (10) applies where—</intro><level class="para1"><num>(a)</num><content>the Secretary of State has notified the FCA under subsection (1) of an amount which included expenses expected to be incurred,</content></level><level class="para1"><num>(b)</num><content>the FCA has made rules to recover the amount, and paid sums received under the rules to the Secretary of State, but</content></level><level class="para1"><num>(c)</num><content>the expenses expected to be incurred were not in fact incurred.</content></level></subsection><subsection><num>(10)</num><content>The Secretary of State need not arrange for the sums received under the rules to be paid back, but must, when next notifying an amount to the FCA under subsection (1), take into account the fact that the sums received included an amount representing expenses that were not in fact incurred.</content></subsection><subsection><num>(11)</num><intro>In this section—</intro><hcontainer name="definition"><content>“<term refersTo="#term-electronic-money-issuer">electronic money issuer</term>” means a person who is an electronic money issuer for the purposes of the Electronic Money Regulations 2011 (<abbr class="acronym" title="Statutory Instrument">S.I.</abbr> 2011/99) as a result of falling within any of paragraphs (a) to (e) and (h) to (j) of the definition in regulation 2(1);</content></hcontainer><hcontainer name="definition"><content>“<term refersTo="#term-payment-service-provider">payment service provider</term>” means a person who is a payment service provider for the purposes of the Payment Services Regulations 2017 (<abbr class="acronym" title="Statutory Instrument">S.I.</abbr> 2017/752) as a result of falling within any of paragraphs (a) to (h) of the definition in regulation 2(1).</content></hcontainer></subsection></section></quotedStructure></mod></content></subsection><subsection eId="section-13-2"><num>(2)</num><intro>The requirements for the FCA to consult, before making rules under section 137SA of the Financial Services and Markets Act 2000, contained in—</intro><level class="para1" eId="section-13-2-a"><num>(a)</num><content>section 137SA(4) of that Act, and</content></level><level class="para1" eId="section-13-2-b"><num>(b)</num><content>section 138I(1) of that Act,</content></level><wrapUp>may be satisfied by things done before the day on which this Act is passed.</wrapUp></subsection><subsection eId="section-13-3"><num>(3)</num><content>Rules under section 137SA of the Financial Services and Markets Act 2000 may impose levies with a view to recovering expenses incurred by the FCA before the day on which this Act is passed.</content></subsection></section></hcontainer><hcontainer name="crossheading" ukl:Name="Pblock" eId="part-1-crossheading-funding-of-debt-advice-in-scotland-wales-and-northern-ireland"><heading>Funding of debt advice in Scotland, Wales and Northern Ireland</heading><section eId="section-14"><num>14</num><heading>Levy under FSMA 2000 for debt advice expenses of devolved authorities</heading><subsection eId="section-14-1"><num>(1)</num><content><mod>In the Financial Services and Markets Act 2000, after section 137SA (inserted by section 13), insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="default"><section><num>137SB</num><heading>Rules to recover debt advice expenses incurred by the devolved authorities</heading><subsection><num>(1)</num><content>The Treasury may, from time to time, notify the FCA of the amount of the expenses incurred, or expected to be incurred, by the devolved authorities in connection with the provision of information and advice on debt to members of the public in Scotland, Wales and Northern Ireland.</content></subsection><subsection><num>(2)</num><intro>Where the Treasury have notified the FCA of an amount of expenses under subsection (1), the FCA must make rules for imposing levies with a view to recovering—</intro><level class="para1"><num>(a)</num><content>the amount notified, and</content></level><level class="para1"><num>(b)</num><content>expenses incurred by the FCA in connection with its functions under this section.</content></level></subsection><subsection><num>(3)</num><intro>The rules must require the payment to the FCA of specified sums, or sums calculated in a specified way, by—</intro><level class="para1"><num>(a)</num><content>authorised persons, electronic money issuers or payment service providers, or</content></level><level class="para1"><num>(b)</num><content>any specified class of authorised person, electronic money issuer or payment service provider.</content></level></subsection><subsection><num>(4)</num><content>Before the FCA publishes a draft of rules to be made under this section it must consult the Treasury.</content></subsection><subsection><num>(5)</num><content>The rules may be made only with the consent of the Treasury.</content></subsection><subsection><num>(6)</num><content>The Treasury may notify the FCA of matters that will be taken into account when deciding whether or not to give consent under subsection (5).</content></subsection><subsection><num>(7)</num><content>The FCA must have regard to any matters notified under subsection (6) before publishing a draft of rules to be made under this section.</content></subsection><subsection><num>(8)</num><content>The FCA must pay the Treasury the sums it receives under rules made under this section, apart from those paid to recover the expenses mentioned in subsection (2)(b) (which the FCA may keep).</content></subsection><subsection><num>(9)</num><intro>Subsection (10) applies where—</intro><level class="para1"><num>(a)</num><content>the Treasury have notified the FCA under subsection (1) of an amount which included expenses expected to be incurred,</content></level><level class="para1"><num>(b)</num><content>the FCA has made rules to recover the amount, and paid sums received under the rules to the Treasury, but</content></level><level class="para1"><num>(c)</num><content>the expenses expected to be incurred were not in fact incurred.</content></level></subsection><subsection><num>(10)</num><content>The Treasury need not arrange for the sums received under the rules to be paid back, but must, when next notifying an amount to the FCA under subsection (1), take into account the fact that the sums received included an amount representing expenses that were not in fact incurred.</content></subsection><subsection><num>(11)</num><intro>In this section—</intro><hcontainer name="definition"><intro>the “<term refersTo="#term-devolved-authorities">devolved authorities</term>” means—</intro><level class="para1"><num>(a)</num><content>the Scottish Ministers,</content></level><level class="para1"><num>(b)</num><content>the Welsh Ministers, and</content></level><level class="para1"><num>(c)</num><content>the Department for Communities in Northern Ireland;</content></level></hcontainer><hcontainer name="definition"><content>“<term refersTo="#term-electronic-money-issuer">electronic money issuer</term>” and “<term refersTo="#term-payment-service-provider">payment service provider</term>” have the same meanings as in section 137SA.</content></hcontainer></subsection></section></quotedStructure></mod></content></subsection><subsection eId="section-14-2"><num>(2)</num><intro>The requirements for the FCA to consult, before making rules under section 137SB of the Financial Services and Markets Act 2000, contained in—</intro><level class="para1" eId="section-14-2-a"><num>(a)</num><content>section 137SB(4) of that Act, and</content></level><level class="para1" eId="section-14-2-b"><num>(b)</num><content>section 138I(1) of that Act,</content></level><wrapUp>may be satisfied by things done before the day on which this section comes into force.</wrapUp></subsection><subsection eId="section-14-3"><num>(3)</num><content>Rules under section 137SB of the Financial Services and Markets Act 2000 may impose levies with a view to recovering expenses incurred by the FCA before the day on which this section comes into force.</content></subsection></section></hcontainer><hcontainer name="crossheading" ukl:Name="Pblock" eId="part-1-crossheading-offence-of-impersonating-the-single-financial-guidance-body"><heading>Offence of impersonating the single financial guidance body</heading><section eId="section-15"><num>15</num><heading>False claims about provision of information <abbr title="Et cetera" xml:lang="la">etc</abbr></heading><subsection eId="section-15-1"><num>(1)</num><content>It is an offence for a person to hold himself or herself out (or where the person is a body, to hold itself out) as providing information, guidance or advice on behalf of the single financial guidance body when that is not in fact the case.</content></subsection><subsection eId="section-15-2"><num>(2)</num><content>It is a defence for a person charged with an offence under this section to prove that the person took all reasonable precautions and exercised all due diligence to avoid committing the offence.</content></subsection><subsection eId="section-15-3"><num>(3)</num><intro>A person guilty of an offence under this section is liable on summary conviction—</intro><level class="para1" eId="section-15-3-a"><num>(a)</num><content>in England and Wales, to imprisonment for a term not exceeding 51 weeks or a fine, or both;</content></level><level class="para1" eId="section-15-3-b"><num>(b)</num><content>in Scotland, to imprisonment for a term not exceeding 12 months or a fine not exceeding level 5 on the standard scale, or both;</content></level><level class="para1" eId="section-15-3-c"><num>(c)</num><content>in Northern Ireland, to imprisonment for a term not exceeding 6 months or a fine not exceeding level 5 on the standard scale, or both.</content></level></subsection><subsection eId="section-15-4"><num>(4)</num><content>In relation to an offence committed before the commencement of section 281(5) of the Criminal Justice Act 2003, the reference in subsection (3)(a) to 51 weeks is to be read as a reference to 6 months.</content></subsection><subsection eId="section-15-5"><num>(5)</num><content>Proceedings for an offence under this section may be instituted in England and Wales only by or with the consent of the Director of Public Prosecutions.</content></subsection><subsection eId="section-15-6"><num>(6)</num><content>Proceedings for an offence under this section may be instituted in Northern Ireland only by or with the consent of the Director of Public Prosecutions for Northern Ireland.</content></subsection></section><section eId="section-16"><num>16</num><heading>Offences under section 15 committed by bodies corporate <abbr title="Et cetera" xml:lang="la">etc</abbr></heading><subsection eId="section-16-1"><num>(1)</num><intro>If an offence under section 15 committed by a body corporate is proved—</intro><level class="para1" eId="section-16-1-a"><num>(a)</num><content>to have been committed with the consent or connivance of an officer of the body, or</content></level><level class="para1" eId="section-16-1-b"><num>(b)</num><content>to be attributable to any neglect on the part of such an officer,</content></level><wrapUp>the officer, as well as the body corporate, is guilty of the offence and liable to be proceeded against and punished accordingly.</wrapUp></subsection><subsection eId="section-16-2"><num>(2)</num><intro>In subsection (1) “<term refersTo="#term-officer" eId="term-officer">officer</term>”, in relation to a body corporate, means—</intro><level class="para1" eId="section-16-2-a"><num>(a)</num><content>a director, member of the committee of management, chief executive, manager, secretary or other similar officer of the body, or a person purporting to act in any such capacity;</content></level><level class="para1" eId="section-16-2-b"><num>(b)</num><content>an individual who is a controller of the body.</content></level></subsection><subsection eId="section-16-3"><num>(3)</num><content>If the affairs of a body corporate are managed by its members, subsection (1) applies in relation to the acts and defaults of a member in connection with the member's functions of management as if the member were a director of the body corporate.</content></subsection><subsection eId="section-16-4"><num>(4)</num><intro>If an offence under section 15 committed by a partnership is proved—</intro><level class="para1" eId="section-16-4-a"><num>(a)</num><content>to have been committed with the consent or connivance of a partner, or</content></level><level class="para1" eId="section-16-4-b"><num>(b)</num><content>to be attributable to any neglect on the part of the partner,</content></level><wrapUp>the partner, as well as the partnership, is guilty of the offence and liable to be proceeded against and punished accordingly.</wrapUp></subsection><subsection eId="section-16-5"><num>(5)</num><content>In subsection (4) “<term refersTo="#term-partner" eId="term-partner">partner</term>” includes a person purporting to act as a partner.</content></subsection><subsection eId="section-16-6"><num>(6)</num><intro>If an offence under section 15 committed by an unincorporated association other than a partnership is proved—</intro><level class="para1" eId="section-16-6-a"><num>(a)</num><content>to have been committed with the consent or connivance of an officer of the association or a member of its governing body, or</content></level><level class="para1" eId="section-16-6-b"><num>(b)</num><content>to be attributable to any neglect on the part of such an officer or member,</content></level><wrapUp>the officer or member, as well as the association, is guilty of the offence and liable to be proceeded against and punished accordingly.</wrapUp></subsection><subsection eId="section-16-7"><num>(7)</num><intro>Proceedings for an offence under section 15 must be brought—</intro><level class="para1" eId="section-16-7-a"><num>(a)</num><content>where the offence is alleged to have been committed by a partnership, against the partnership in the firm name;</content></level><level class="para1" eId="section-16-7-b"><num>(b)</num><content>where the offence is alleged to have been committed by any other type of unincorporated association, against the association in its own name.</content></level></subsection><subsection eId="section-16-8"><num>(8)</num><content>Rules of court relating to the service of documents have effect in relation to such proceedings as if the partnership or unincorporated association were a body corporate.</content></subsection></section></hcontainer><hcontainer name="crossheading" ukl:Name="Pblock" eId="part-1-crossheading-information-exchange"><heading>Information exchange</heading><section eId="section-17"><num>17</num><heading>Disclosure of information</heading><subsection eId="section-17-1"><num>(1)</num><intro>The single financial guidance body may disclose information to the Secretary of State, and the Secretary of State may disclose information to the single financial guidance body, provided that the disclosure (in either case) is for the purpose of enabling or facilitating the exercise of—</intro><level class="para1" eId="section-17-1-a"><num>(a)</num><content>a function of the single financial guidance body, or</content></level><level class="para1" eId="section-17-1-b"><num>(b)</num><intro>a function of the Secretary of State that—</intro><level class="para2" eId="section-17-1-b-i"><num>(i)</num><content>relates directly to the single financial guidance body, or</content></level><level class="para2" eId="section-17-1-b-ii"><num>(ii)</num><content>is the same as, or in a similar area to, a function of the single financial guidance body.</content></level></level></subsection><subsection eId="section-17-2"><num>(2)</num><intro>The single financial guidance body may disclose information to a devolved authority, and a devolved authority may disclose information to the single financial guidance body, provided that the disclosure (in either case) is for the purpose of enabling or facilitating—</intro><level class="para1" eId="section-17-2-a"><num>(a)</num><content>the exercise of a function of the single financial guidance body, or</content></level><level class="para1" eId="section-17-2-b"><num>(b)</num><content>the provision of information and advice on debt to members of the public in Scotland, Wales or Northern Ireland.</content></level></subsection><subsection eId="section-17-3"><num>(3)</num><intro>The single financial guidance body may disclose information to the FCA, and the FCA may disclose information to the single financial guidance body, provided that the disclosure (in either case) is for the purpose of enabling or facilitating the exercise of—</intro><level class="para1" eId="section-17-3-a"><num>(a)</num><content>a function of the single financial guidance body, or</content></level><level class="para1" eId="section-17-3-b"><num>(b)</num><intro>a function of the FCA that—</intro><level class="para2" eId="section-17-3-b-i"><num>(i)</num><content>relates directly to the single financial guidance body, or</content></level><level class="para2" eId="section-17-3-b-ii"><num>(ii)</num><content>is in a similar area to a function of the single financial guidance body.</content></level></level></subsection><subsection eId="section-17-4"><num>(4)</num><intro>A devolved authority may disclose information to the FCA, and the FCA may disclose information to a devolved authority, provided that the disclosure (in either case) is for the purpose of enabling or facilitating—</intro><level class="para1" eId="section-17-4-a"><num>(a)</num><content>the provision of information and advice on debt to members of the public in Scotland, Wales or Northern Ireland, or</content></level><level class="para1" eId="section-17-4-b"><num>(b)</num><content>the exercise of a function of the FCA that relates to the provision of information or advice on debt.</content></level></subsection><subsection eId="section-17-5"><num>(5)</num><content>The single financial guidance body may disclose information to an SFGB delivery partner, and an SFGB delivery partner may disclose information to the single financial guidance body, provided that the disclosure (in either case) is for the purpose of enabling or facilitating the exercise of a function that the SFGB delivery partner is carrying out on behalf of the single financial guidance body.</content></subsection><subsection eId="section-17-6"><num>(6)</num><intro>The single financial guidance body must disclose information—</intro><level class="para1" eId="section-17-6-a"><num>(a)</num><content>to the Secretary of State, where requested to do so by the Secretary of State;</content></level><level class="para1" eId="section-17-6-b"><num>(b)</num><intro>to the FCA, where—</intro><level class="para2" eId="section-17-6-b-i"><num>(i)</num><content>the disclosure is for the purpose of enabling or facilitating the exercise of the consumer protection function, or</content></level><level class="para2" eId="section-17-6-b-ii"><num>(ii)</num><content>the FCA requests information for the purposes of a review under section 10 (monitoring and enforcement of standards).</content></level></level></subsection><subsection eId="section-17-7"><num>(7)</num><intro>A disclosure of information which is authorised or required by this section does not breach—</intro><level class="para1" eId="section-17-7-a"><num>(a)</num><content>an obligation of confidence owed by the person making the disclosure, or</content></level><level class="para1" eId="section-17-7-b"><num>(b)</num><content>any other restriction on the disclosure of the information (however imposed).</content></level></subsection><subsection eId="section-17-8"><num>(8)</num><intro>But nothing in this section authorises the making of a disclosure which—</intro><level class="para1" eId="section-17-8-a"><num>(a)</num><content>contravenes the data protection legislation, or</content></level><level class="para1" eId="section-17-8-b"><num>(b)</num><content>is prohibited by any of Parts 1 to 7 or Chapter 1 of Part 9 of the Investigatory Powers Act 2016.</content></level></subsection></section></hcontainer><hcontainer name="crossheading" ukl:Name="Pblock" eId="part-1-crossheading-rules-etc-about-financial-guidance"><heading>Rules <abbr title="Et cetera" xml:lang="la">etc</abbr> about financial guidance</heading><section eId="section-18"><num>18</num><heading>Personal pension schemes: requirements to refer members to guidance <abbr title="Et cetera" xml:lang="la">etc</abbr></heading><subsection eId="section-18-1"><num>(1)</num><content>Section 137FB of the Financial Services and Markets Act 2000 (FCA general rules: disclosure of information about the availability of pensions guidance) is amended as follows.</content></subsection><subsection eId="section-18-2"><num>(2)</num><content><mod>After subsection (1), insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="default"><subsection><num>(1A)</num><intro>The FCA must also make general rules requiring the trustees or managers of a relevant pension scheme to take the steps mentioned in subsections (1B) and (1C) in relation to an application from a member or survivor—</intro><level class="para1"><num>(a)</num><content>to transfer any rights accrued under the scheme, or</content></level><level class="para1"><num>(b)</num><content>to start receiving benefits provided by the scheme.</content></level></subsection><subsection><num>(1B)</num><intro>As part of the application process, the trustees or managers must ensure that—</intro><level class="para1"><num>(a)</num><content>the member or survivor is referred to appropriate pensions guidance, and</content></level><level class="para1"><num>(b)</num><content>the member or survivor is provided with an explanation of the nature and purpose of such guidance.</content></level></subsection><subsection><num>(1C)</num><content>Before proceeding with the application, the trustees or managers must ensure that the member or survivor has either received appropriate pensions guidance or has opted out of receiving such guidance.</content></subsection><subsection><num>(1D)</num><intro>The rules may—</intro><level class="para1"><num>(a)</num><content>specify what constitutes appropriate pensions guidance;</content></level><level class="para1"><num>(b)</num><content>make further provision about how the trustees or managers must comply with the duties in subsections (1B) and (1C) (such as provision about methods of communication and time limits);</content></level><level class="para1"><num>(c)</num><content>make further provision about how, and to whom, a member or survivor may indicate that they have received or opted out of receiving appropriate pensions guidance for the purposes of subsection (1C);</content></level><level class="para1"><num>(d)</num><content>specify what the duties of the trustees or managers are in the situation where a member or survivor does not respond to a communication that is made for the purposes of complying with the duty in subsection (1C);</content></level><level class="para1"><num>(e)</num><content>provide for exceptions to the duties in subsections (1B) and (1C) in specified cases.</content></level></subsection></quotedStructure></mod></content></subsection><subsection eId="section-18-3"><num>(3)</num><content><mod>In subsection (2), for “this section” substitute <quotedText>“ subsection (1) ”</quotedText>.</mod></content></subsection><subsection eId="section-18-4"><num>(4)</num><content><mod>After subsection (2) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="default"><subsection><num>(2A)</num><intro>Before the FCA publishes a draft of any rules to be made by virtue of subsection (1A), it must consult—</intro><level class="para1"><num>(a)</num><content>the Secretary of State, and</content></level><level class="para1"><num>(b)</num><content>the <ins class="substitution first last" ukl:ChangeId="key-0f1bd39045f3379e693a7e9928f5c4bb-1563288611591" ukl:CommentaryRef="key-0f1bd39045f3379e693a7e9928f5c4bb"><noteRef uk:name="commentary" href="#key-0f1bd39045f3379e693a7e9928f5c4bb" class="commentary"/>Money and Pensions Service</ins>.</content></level></subsection></quotedStructure></mod></content></subsection><subsection eId="section-18-5"><num>(5)</num><content><mod>In subsection (3), for “the rules” substitute <quotedText>“ rules to be made by virtue of subsection (1) ”</quotedText>.</mod></content></subsection><subsection eId="section-18-6"><num>(6)</num><content><mod>After subsection (3) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="default"><subsection><num>(3A)</num><content>In determining what provision to include in rules to be made by virtue of subsection (1A), the FCA must have regard to any regulations that are for the time being in force under section 113B of the Pension Schemes Act 1993 (occupational pension schemes: requirements to refer members to guidance <abbr title="Et cetera" xml:lang="la">etc</abbr>).</content></subsection></quotedStructure></mod></content></subsection><subsection eId="section-18-7"><num>(7)</num><content><mod>In subsection (4), for the definition of “pensions guidance” substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="default">“<term refersTo="#term-pensions-guidance">pensions guidance</term>” means information or guidance provided by any person in pursuance of the requirements mentioned in section 4 of the Financial Guidance and Claims Act 2018 (information <abbr title="Et cetera" xml:lang="la">etc</abbr> about flexible benefits under pension schemes);</quotedStructure><inline name="appendText">.</inline></mod></content></subsection></section><section eId="section-19"><num>19</num><heading>Occupational pension schemes: requirements to refer members to guidance <abbr title="Et cetera" xml:lang="la">etc</abbr></heading><subsection eId="section-19-1"><num>(1)</num><content>The Pension Schemes Act 1993 is amended as set out in subsections (2) to (5).</content></subsection><subsection eId="section-19-2"><num>(2)</num><content><mod>After section 113A insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="default"><section><num>113B</num><heading>Occupational pension schemes: requirements to refer members to guidance <abbr title="Et cetera" xml:lang="la">etc</abbr></heading><subsection><num>(1)</num><intro>The Secretary of State must make regulations requiring the trustees or managers of an occupational pension scheme to take the steps mentioned in subsections (2) and (3) in relation to an application from a relevant beneficiary—</intro><level class="para1"><num>(a)</num><content>to transfer any rights accrued under the scheme, or</content></level><level class="para1"><num>(b)</num><content>to start receiving benefits provided by the scheme.</content></level></subsection><subsection><num>(2)</num><intro>As part of the application process, the trustees or managers must ensure that—</intro><level class="para1"><num>(a)</num><content>the beneficiary is referred to appropriate pensions guidance, and</content></level><level class="para1"><num>(b)</num><content>the beneficiary is provided with an explanation of the nature and purpose of such guidance.</content></level></subsection><subsection><num>(3)</num><content>Before proceeding with the application, the trustees or managers must ensure that the beneficiary has either received appropriate pensions guidance or has opted out of receiving such guidance.</content></subsection><subsection><num>(4)</num><intro>The regulations may—</intro><level class="para1"><num>(a)</num><content>specify what constitutes appropriate pensions guidance;</content></level><level class="para1"><num>(b)</num><content>make further provision about how the trustees or managers must comply with the duties in subsections (2) and (3) (such as provision about methods of communication and time limits);</content></level><level class="para1"><num>(c)</num><content>make further provision about how, and to whom, a beneficiary may indicate that they have received or opted out of receiving appropriate pensions guidance for the purposes of subsection (3);</content></level><level class="para1"><num>(d)</num><content>specify what the duties of the trustees or managers are in the situation where a beneficiary does not respond to a communication that is made for the purposes of complying with the duty in subsection (3);</content></level><level class="para1"><num>(e)</num><content>provide for exceptions to the duties in subsections (2) and (3) in specified cases;</content></level><level class="para1"><num>(f)</num><content>provide for the Secretary of State or another prescribed person to issue guidance for the purposes of this section, to which trustees or managers must have regard in complying with their duties under the regulations.</content></level></subsection><subsection><num>(5)</num><content>In determining what provision to include in the regulations, the Secretary of State must have regard to any rules that are for the time being in force under section 137FB(1A) of the Financial Services and Markets Act 2000.</content></subsection><subsection><num>(6)</num><intro>In this section—</intro><hcontainer name="definition"><intro>“<term refersTo="#term-relevant-beneficiary">relevant beneficiary</term>”, in relation to a pension scheme, means—</intro><level class="para1"><num>(a)</num><content>a member of the scheme, or</content></level><level class="para1"><num>(b)</num><content>another person of a prescribed description,</content></level><wrapUp>who has a right or entitlement to flexible benefits under the scheme;</wrapUp></hcontainer><hcontainer name="definition"><content>“<term refersTo="#term-flexible-benefits">flexible benefits</term>” has the meaning given by section 74 of the Pension Schemes Act 2015;</content></hcontainer><hcontainer name="definition"><content>“<term refersTo="#term-pensions-guidance">pensions guidance</term>” means information or guidance provided by any person in pursuance of the requirements mentioned in section 4 of the Financial Guidance and Claims Act 2018 (information <abbr title="Et cetera" xml:lang="la">etc</abbr> about flexible benefits under pension schemes).</content></hcontainer></subsection></section></quotedStructure></mod></content></subsection><subsection eId="section-19-3"><num>(3)</num><content><mod>In section 115 (powers as respects failure to comply with information requirements), in subsection (1), after “113” insert <quotedText>“ , 113B ”</quotedText>.</mod></content></subsection><subsection eId="section-19-4"><num>(4)</num><content><mod>In section 182(5) (power of Treasury to direct that regulation-making powers are exercisable only in conjunction with them), after “except” insert <quotedText>“ regulations under section 113B or ”</quotedText>.</mod></content></subsection><subsection eId="section-19-5"><num>(5)</num><content><mod>In section 185(2) (consultations about other regulations: exceptions), after paragraph (c) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="default"><level class="para1"><num>(ca)</num><content>regulations under section 113B; or</content></level></quotedStructure><inline name="appendText">.</inline></mod></content></subsection><subsection eId="section-19-6"><num>(6)</num><content>The Pension Schemes (Northern Ireland) Act 1993 is amended as set out in subsections (7) to (9).</content></subsection><subsection eId="section-19-7"><num>(7)</num><content><mod>After section 109A insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="default"><section><num>109B</num><heading>Occupational pension schemes: requirements to refer members to guidance <abbr title="Et cetera" xml:lang="la">etc</abbr></heading><subsection><num>(1)</num><intro>The Department must make regulations requiring the trustees or managers of an occupational pension scheme to take the steps mentioned in subsections (2) and (3) in relation to an application from a relevant beneficiary—</intro><level class="para1"><num>(a)</num><content>to transfer any rights accrued under the scheme, or</content></level><level class="para1"><num>(b)</num><content>to start receiving benefits provided by the scheme.</content></level></subsection><subsection><num>(2)</num><intro>As part of the application process, the trustees or managers must ensure that—</intro><level class="para1"><num>(a)</num><content>the beneficiary is referred to appropriate pensions guidance, and</content></level><level class="para1"><num>(b)</num><content>the beneficiary is provided with an explanation of the nature and purpose of such guidance.</content></level></subsection><subsection><num>(3)</num><content>Before proceeding with the application, the trustees or managers must ensure that the beneficiary has either received appropriate pensions guidance or has opted out of receiving such guidance.</content></subsection><subsection><num>(4)</num><intro>The regulations may—</intro><level class="para1"><num>(a)</num><content>specify what constitutes appropriate pensions guidance;</content></level><level class="para1"><num>(b)</num><content>make further provision about how the trustees or managers must comply with the duties in subsections (2) and (3) (such as provision about methods of communication and time limits);</content></level><level class="para1"><num>(c)</num><content>make further provision about how, and to whom, a beneficiary may indicate that they have received or opted out of receiving appropriate pensions guidance for the purposes of subsection (3);</content></level><level class="para1"><num>(d)</num><content>specify what the duties of the trustees or managers are in the situation where a beneficiary does not respond to a communication that is made for the purposes of complying with the duty in subsection (3);</content></level><level class="para1"><num>(e)</num><content>provide for exceptions to the duties in subsections (2) and (3) in specified cases;</content></level><level class="para1"><num>(f)</num><content>provide for the Department or another prescribed person to issue guidance for the purposes of this section, to which trustees or managers must have regard in complying with their duties under the regulations.</content></level></subsection><subsection><num>(5)</num><content>In determining what provision to include in the regulations, the Department must have regard to any rules that are for the time being in force under section 137FB(1A) of the Financial Services and Markets Act 2000.</content></subsection><subsection><num>(6)</num><intro>In this section—</intro><hcontainer name="definition"><intro>“<term refersTo="#term-relevant-beneficiary">relevant beneficiary</term>”, in relation to a pension scheme, means—</intro><level class="para1"><num>(a)</num><content>a member of the scheme, or</content></level><level class="para1"><num>(b)</num><content>another person of a prescribed description,</content></level><wrapUp>who has a right or entitlement to flexible benefits under the scheme;</wrapUp></hcontainer><hcontainer name="definition"><content>“<term refersTo="#term-flexible-benefits">flexible benefits</term>” has the meaning given by section 74 of the Pension Schemes Act 2015;</content></hcontainer><hcontainer name="definition"><content>“<term refersTo="#term-pensions-guidance">pensions guidance</term>” means information or guidance provided by any person in pursuance of the requirements mentioned in section 4 of the Financial Guidance and Claims Act 2018 (information <abbr title="Et cetera" xml:lang="la">etc</abbr> about flexible benefits under pension schemes).</content></hcontainer></subsection></section></quotedStructure></mod></content></subsection><subsection eId="section-19-8"><num>(8)</num><content><mod>In section 111 (powers as respects failure to comply with information requirements), in subsection (1), after “109” insert <quotedText>“ or 109B ”</quotedText>.</mod></content></subsection><subsection eId="section-19-9"><num>(9)</num><content><mod>In section 177(6) (power of Department of Finance to direct that regulation-making powers are exercisable only in conjunction with them), after “except” insert <quotedText>“ regulations under section 109B or ”</quotedText>.</mod></content></subsection></section><section eId="section-20"><num>20</num><heading>FCA general rules: information about the availability of guidance</heading><content><mod>After section 137FBB of the Financial Services and Markets Act 2000 insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="default"><section><num>137FC</num><heading>FCA rules: disclosure of information about the availability of financial guidance</heading><subsection><num>(1)</num><content>The FCA must make general rules requiring specified authorised persons to provide information about the availability of financial guidance to the descriptions of persons specified in the rules.</content></subsection><subsection><num>(2)</num><content>The rules may specify the circumstances in which the duty to provide the information applies.</content></subsection><subsection><num>(3)</num><intro>Before the FCA publishes a draft of any rules to be made by virtue of this section, it must consult—</intro><level class="para1"><num>(a)</num><content>the Secretary of State,</content></level><level class="para1"><num>(b)</num><content>the Treasury, and</content></level><level class="para1"><num>(c)</num><content>the single financial guidance body.</content></level></subsection><subsection><num>(4)</num><intro>In this section—</intro><hcontainer name="definition"><content>“<term refersTo="#term-financial-guidance">financial guidance</term>” means information, guidance or advice provided in pursuance of the single financial guidance body's pensions guidance, debt advice or money guidance function (see section 3 of the Financial Guidance and Claims Act 2018);</content></hcontainer><hcontainer name="definition"><content>“<term refersTo="#term-specified-authorised-person">specified authorised person</term>” means an authorised person of a description specified in rules made by virtue of this section.</content></hcontainer></subsection></section></quotedStructure></mod></content></section></hcontainer><hcontainer name="crossheading" ukl:Name="Pblock" eId="part-1-crossheading-unsolicited-direct-marketing-approaches"><heading>Unsolicited direct marketing approaches</heading><section eId="section-21"><num>21</num><heading>Unsolicited direct marketing: pensions</heading><subsection eId="section-21-1"><num>(1)</num><content>The Secretary of State may make regulations prohibiting unsolicited direct marketing relating to pensions.</content></subsection><subsection eId="section-21-2"><num>(2)</num><intro>The regulations may—</intro><level class="para1" eId="section-21-2-a"><num>(a)</num><content>make provision about when a communication is to be, or is not to be, treated as unsolicited;</content></level><level class="para1" eId="section-21-2-b"><num>(b)</num><content>make provision for exceptions to the prohibition;</content></level><level class="para1" eId="section-21-2-c"><num>(c)</num><content>confer functions on the Information Commissioner and on <abbr title="Office of Communications">OFCOM</abbr> (including conferring a discretion);</content></level><level class="para1" eId="section-21-2-d"><num>(d)</num><content>apply (with or without modifications) provisions of the data protection legislation or the Privacy and Electronic Communications (<abbr class="acronym" title="European Community">EC</abbr> Directive) Regulations 2003 (<abbr class="acronym" title="Statutory Instrument">S.I.</abbr> 2003/2426) (including, in particular, provisions relating to enforcement).</content></level></subsection><subsection eId="section-21-3"><num>(3)</num><intro>The regulations may—</intro><level class="para1" eId="section-21-3-a"><num>(a)</num><content>make different provision for different purposes;</content></level><level class="para1" eId="section-21-3-b"><num>(b)</num><content>make different provision for different areas;</content></level><level class="para1" eId="section-21-3-c"><num>(c)</num><content>make incidental, supplementary, consequential, transitional or saving provision.</content></level></subsection><subsection eId="section-21-4"><num>(4)</num><content>Regulations under this section are to be made by statutory instrument.</content></subsection><subsection eId="section-21-5"><num>(5)</num><content>A statutory instrument containing regulations under this section may not be made unless a draft of the instrument has been laid before, and approved by a resolution of, each House of Parliament.</content></subsection><subsection eId="section-21-6"><num>(6)</num><intro>If before the end of June in any year the Secretary of State has not made regulations under this section (whether or not in that year), the Secretary of State must—</intro><level class="para1" eId="section-21-6-a"><num>(a)</num><content>publish a statement, by the end of July in that year, explaining why regulations have not been made and setting a timetable for making the regulations, and</content></level><level class="para1" eId="section-21-6-b"><num>(b)</num><content>lay the statement before each House of Parliament.</content></level></subsection><subsection eId="section-21-7"><num>(7)</num><content>In this section, “<term refersTo="#term-ofcom" eId="term-ofcom"><abbr title="Office of Communications">OFCOM</abbr></term>” means the Office of Communications established by section 1 of the Office of Communications Act 2002.</content></subsection></section><section eId="section-22"><num>22</num><heading>Unsolicited direct marketing: other consumer financial products <abbr title="Et cetera" xml:lang="la">etc</abbr></heading><subsection eId="section-22-1"><num>(1)</num><content>The Secretary of State must keep under review whether a prohibition on unsolicited direct marketing in relation to consumer financial products and services other than pensions would be appropriate.</content></subsection><subsection eId="section-22-2"><num>(2)</num><content>If the Secretary of State considers that such a prohibition would be appropriate, the Secretary of State may make regulations applying regulations made under section 21 to other consumer financial products and services (with or without modifications).</content></subsection><subsection eId="section-22-3"><num>(3)</num><content>In considering whether to make such regulations, the Secretary of State must take into account any advice received from the single financial guidance body under section 3(7)(b)(ii) (consumer protection function: advice on effect on consumers of unsolicited direct marketing).</content></subsection><subsection eId="section-22-4"><num>(4)</num><intro>The regulations may—</intro><level class="para1" eId="section-22-4-a"><num>(a)</num><content>make different provision for different purposes;</content></level><level class="para1" eId="section-22-4-b"><num>(b)</num><content>make different provision for different areas;</content></level><level class="para1" eId="section-22-4-c"><num>(c)</num><content>make incidental, supplementary, consequential, transitional or saving provision.</content></level></subsection><subsection eId="section-22-5"><num>(5)</num><content>Regulations under this section are to be made by statutory instrument.</content></subsection><subsection eId="section-22-6"><num>(6)</num><content>A statutory instrument containing regulations under this section may not be made unless a draft of the instrument has been laid before, and approved by a resolution of, each House of Parliament.</content></subsection></section></hcontainer><hcontainer name="crossheading" ukl:Name="Pblock" eId="part-1-crossheading-miscellaneous"><heading>Miscellaneous</heading><section eId="section-23"><num>23</num><heading>Power to dissolve the single financial guidance body</heading><subsection eId="section-23-1"><num>(1)</num><content>The Secretary of State must keep under review the question of whether the single financial guidance body should be dissolved.</content></subsection><subsection eId="section-23-2"><num>(2)</num><content>If the Secretary of State considers that the single financial guidance body should be dissolved, he or she must carry out a public consultation.</content></subsection><subsection eId="section-23-3"><num>(3)</num><intro>If, after the period of 12 weeks beginning with the day on which the consultation began, the Secretary of State still considers dissolution of the single financial guidance body to be appropriate, he or she must lay before Parliament—</intro><level class="para1" eId="section-23-3-a"><num>(a)</num><content>draft regulations, and</content></level><level class="para1" eId="section-23-3-b"><num>(b)</num><content>an explanatory document.</content></level></subsection><subsection eId="section-23-4"><num>(4)</num><intro>The draft regulations may in particular make provision about—</intro><level class="para1" eId="section-23-4-a"><num>(a)</num><content>the transfer of the functions of the single financial guidance body to the Secretary of State or any other person;</content></level><level class="para1" eId="section-23-4-b"><num>(b)</num><content>the transfer of property, rights or liabilities of the single financial guidance body to the Secretary of State or any other person;</content></level><level class="para1" eId="section-23-4-c"><num>(c)</num><content>the creation and extinguishment of interests, rights and liabilities, in connection with provision made under paragraph (b);</content></level><level class="para1" eId="section-23-4-d"><num>(d)</num><content>the payment by the Secretary of State or the single financial guidance body of compensation to any person who suffers loss or damage as a result of the dissolution.</content></level></subsection><subsection eId="section-23-5"><num>(5)</num><intro>The draft regulations—</intro><level class="para1" eId="section-23-5-a"><num>(a)</num><content>may transfer rights and liabilities relating to employees, but</content></level><level class="para1" eId="section-23-5-b"><num>(b)</num><content>may not affect the operation of the Transfer of Undertakings (Protection of Employment) Regulations 2006 (<abbr class="acronym" title="Statutory Instrument">S.I.</abbr> 2006/246).</content></level></subsection><subsection eId="section-23-6"><num>(6)</num><intro>The draft regulations may—</intro><level class="para1" eId="section-23-6-a"><num>(a)</num><content>amend or repeal any provision of this Part;</content></level><level class="para1" eId="section-23-6-b"><num>(b)</num><content>make incidental, supplementary, consequential, transitional or saving provision.</content></level></subsection><subsection eId="section-23-7"><num>(7)</num><intro>Subsection (6)(b) includes the power to amend any provision made by or under—</intro><level class="para1" eId="section-23-7-a"><num>(a)</num><content>an Act of Parliament,</content></level><level class="para1" eId="section-23-7-b"><num>(b)</num><content>an Act of the Scottish Parliament,</content></level><level class="para1" eId="section-23-7-c"><num>(c)</num><content>a Measure or Act of the National Assembly for Wales, or</content></level><level class="para1" eId="section-23-7-d"><num>(d)</num><content>Northern Ireland legislation.</content></level></subsection></section><section eId="section-24"><num>24</num><heading>Regulations dissolving the new single financial guidance body: procedure</heading><subsection eId="section-24-1"><num>(1)</num><intro>The 40-day affirmative procedure applies to draft regulations under section 23 unless, within the period of 30 days beginning with the day on which the draft regulations were laid before Parliament—</intro><level class="para1" eId="section-24-1-a"><num>(a)</num><content>either House of Parliament resolves that the super-affirmative procedure should apply, or</content></level><level class="para1" eId="section-24-1-b"><num>(b)</num><content>a committee of either House charged with reporting on the draft regulations recommends that the super-affirmative procedure should apply and the House to which the recommendation is made does not by resolution reject the recommendation within that 30-day period.</content></level><wrapUp>In either of those cases the super-affirmative procedure applies.</wrapUp></subsection><subsection eId="section-24-2"><num>(2)</num><content>Under the 40-day affirmative procedure, if after the expiry of the period of 40 days beginning with the day on which the regulations were laid before Parliament, the draft regulations are approved by a resolution of each House of Parliament, the Secretary of State may make regulations in the terms of the draft regulations.</content></subsection><subsection eId="section-24-3"><num>(3)</num><intro>Under the super-affirmative procedure, the Secretary of State must—</intro><level class="para1" eId="section-24-3-a"><num>(a)</num><content>have regard to the matters mentioned in subsection (4), and</content></level><level class="para1" eId="section-24-3-b"><num>(b)</num><content>make the regulations in accordance with subsections (5) to (7).</content></level></subsection><subsection eId="section-24-4"><num>(4)</num><intro>The matters are—</intro><level class="para1" eId="section-24-4-a"><num>(a)</num><content>any representations,</content></level><level class="para1" eId="section-24-4-b"><num>(b)</num><content>any resolution of either House of Parliament, and</content></level><level class="para1" eId="section-24-4-c"><num>(c)</num><content>any recommendation of a committee of either House of Parliament charged with reporting on the draft regulations,</content></level><wrapUp>made in relation to the draft regulations during the period of 60 days beginning with the day on which the draft regulations were laid before Parliament.</wrapUp></subsection><subsection eId="section-24-5"><num>(5)</num><content>If, after the expiry of that 60-day period, the draft regulations are approved by a resolution of each House of Parliament, the Secretary of State may make regulations in the terms of the draft regulations.</content></subsection><subsection eId="section-24-6"><num>(6)</num><intro>If, after the expiry of that 60-day period, the Secretary of State wishes to proceed with the draft regulations but with material changes, the Secretary of State may lay before Parliament—</intro><level class="para1" eId="section-24-6-a"><num>(a)</num><content>revised draft regulations, and</content></level><level class="para1" eId="section-24-6-b"><num>(b)</num><content>a statement giving a summary of the changes proposed.</content></level></subsection><subsection eId="section-24-7"><num>(7)</num><content>If the revised draft regulations are approved by a resolution of each House of Parliament, the Secretary of State may make regulations in the terms of the revised draft regulations.</content></subsection><subsection eId="section-24-8"><num>(8)</num><content>Regulations are made in the terms of draft regulations (including revised draft regulations) if the regulations contain no material changes.</content></subsection><subsection eId="section-24-9"><num>(9)</num><content>In calculating the periods of time referred to in this section, no account is to be taken of any time during which Parliament is dissolved or prorogued or during which either House is adjourned for more than four days.</content></subsection><subsection eId="section-24-10"><num>(10)</num><content>The regulations are to be made by statutory instrument.</content></subsection></section><section eId="section-25"><num>25</num><heading>Minor and consequential amendments</heading><content>Schedule 3 contains amendments that relate to this Part.</content></section><section eId="section-26"><num>26</num><heading>Interpretation of Part 1</heading><subsection eId="section-26-1"><num>(1)</num><intro>In this Part—</intro><hcontainer name="definition"><content>“<term refersTo="#term-the-consumer-protection-function" eId="term-the-consumer-protection-function">the consumer protection function</term>” has the meaning given in section 3(7);</content></hcontainer><hcontainer name="definition"><content>“<term refersTo="#term-the-data-protection-legislation" eId="term-the-data-protection-legislation">the data protection legislation</term>” has the same meaning as in the Data Protection Act 2018 (see section 3 of that Act);</content></hcontainer><hcontainer name="definition"><content>“<term refersTo="#term-the-debt-advice-function" eId="term-the-debt-advice-function">the debt advice function</term>” has the meaning given in section 3(5);</content></hcontainer><hcontainer name="definition"><intro>“<term refersTo="#term-the-devolved-authorities" eId="term-the-devolved-authorities">the devolved authorities</term>” means—</intro><level class="para1"><num>(a)</num><content>the Scottish Ministers,</content></level><level class="para1"><num>(b)</num><content>the Welsh Ministers, and</content></level><level class="para1"><num>(c)</num><content>the Department for Communities in Northern Ireland;</content></level></hcontainer><hcontainer name="definition"><content>“<term refersTo="#term-direct-marketing" eId="term-direct-marketing">direct marketing</term>” means the communication (by whatever means) of advertising or marketing material which is directed to particular individuals;</content></hcontainer><hcontainer name="definition"><content>“<term refersTo="#term-the-fca" eId="term-the-fca">the FCA</term>” means the Financial Conduct Authority;</content></hcontainer><hcontainer name="definition"><content>“<term refersTo="#term-the-money-guidance-function" eId="term-the-money-guidance-function">the money guidance function</term>” has the meaning given in section 3(6);</content></hcontainer><hcontainer name="definition"><content>“<term refersTo="#term-the-pensions-guidance-function" eId="term-the-pensions-guidance-function">the pensions guidance function</term>” has the meaning given in section 3(4);</content></hcontainer><hcontainer name="definition"><content>“<term refersTo="#term-sfgb-delivery-partner" eId="term-sfgb-delivery-partner">SFGB delivery partner</term>” means a person with whom arrangements are made under section 5(1), (2) or (3).</content></hcontainer><hcontainer name="definition"><content>“<term refersTo="#term-standards" eId="term-standards">standards</term>” means standards set under section 9;</content></hcontainer><hcontainer name="definition"><content>“<term refersTo="#term-the-strategic-function" eId="term-the-strategic-function">the strategic function</term>” has the meaning given in section 3(9).</content></hcontainer></subsection><subsection eId="section-26-2"><num>(2)</num><content>In this Part, other than in section 1(7)(a) and paragraph 1(1) of Schedule 2, references to the Secretary of State are to be read as references to the Secretary of State or the Treasury.</content></subsection></section></hcontainer></part>

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" name="crossheading" ukl:Name="Pblock" eId="part-1-crossheading-establishment-of-the-single-financial-guidance-body"><heading>Establishment of the single financial guidance body</heading><section eId="section-1"><num>1</num><heading>The single financial guidance body</heading><subsection eId="section-1-1"><num>(1)</num><content>A body corporate with functions relating to financial guidance is established (the “single financial guidance body”).</content></subsection><subsection eId="section-1-2"><num>(2)</num><content>Schedule 1 makes further provision about the single financial guidance body.</content></subsection><subsection eId="section-1-3"><num>(3)</num><content>The name of the new body is to be determined by regulations made by the Secretary of State.</content></subsection><subsection eId="section-1-4"><num>(4)</num><intro>The regulations may—</intro><level class="para1" eId="section-1-4-a"><num>(a)</num><content>amend any provision of this Part, or of any Act amended by this Part, so as to replace the words “single financial guidance body” with the name of the body;</content></level><level class="para1" eId="section-1-4-b"><num>(b)</num><content>make incidental, supplementary and consequential provision.</content></level></subsection><subsection eId="section-1-5"><num>(5)</num><content>The power to make regulations under subsection (3) is exercisable by statutory instrument; and an instrument containing such regulations is subject to annulment in pursuance of a resolution of either House of Parliament.</content></subsection><subsection eId="section-1-6"><num>(6)</num><content>The consumer financial education body is dissolved.</content></subsection><subsection eId="section-1-7"><num>(7)</num><intro>Schedule 2 makes provision about schemes for the transfer of staff, property, rights and liabilities—</intro><level class="para1" eId="section-1-7-a"><num>(a)</num><content>from the Secretary of State and the Pensions Advisory Service Limited to the single financial guidance body;</content></level><level class="para1" eId="section-1-7-b"><num>(b)</num><content>from the consumer financial education body to the single financial guidance body and the devolved authorities.</content></level></subsection></section></hcontainer>

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-1"><num>1</num><heading>The single financial guidance body</heading><subsection eId="section-1-1"><num>(1)</num><content>A body corporate with functions relating to financial guidance is established (the “single financial guidance body”).</content></subsection><subsection eId="section-1-2"><num>(2)</num><content>Schedule 1 makes further provision about the single financial guidance body.</content></subsection><subsection eId="section-1-3"><num>(3)</num><content>The name of the new body is to be determined by regulations made by the Secretary of State.</content></subsection><subsection eId="section-1-4"><num>(4)</num><intro>The regulations may—</intro><level class="para1" eId="section-1-4-a"><num>(a)</num><content>amend any provision of this Part, or of any Act amended by this Part, so as to replace the words “single financial guidance body” with the name of the body;</content></level><level class="para1" eId="section-1-4-b"><num>(b)</num><content>make incidental, supplementary and consequential provision.</content></level></subsection><subsection eId="section-1-5"><num>(5)</num><content>The power to make regulations under subsection (3) is exercisable by statutory instrument; and an instrument containing such regulations is subject to annulment in pursuance of a resolution of either House of Parliament.</content></subsection><subsection eId="section-1-6"><num>(6)</num><content>The consumer financial education body is dissolved.</content></subsection><subsection eId="section-1-7"><num>(7)</num><intro>Schedule 2 makes provision about schemes for the transfer of staff, property, rights and liabilities—</intro><level class="para1" eId="section-1-7-a"><num>(a)</num><content>from the Secretary of State and the Pensions Advisory Service Limited to the single financial guidance body;</content></level><level class="para1" eId="section-1-7-b"><num>(b)</num><content>from the consumer financial education body to the single financial guidance body and the devolved authorities.</content></level></subsection></section>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-1-1"><num>(1)</num><content>A body corporate with functions relating to financial guidance is established (the “single financial guidance body”).</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-1-2"><num>(2)</num><content>Schedule 1 makes further provision about the single financial guidance body.</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-1-3"><num>(3)</num><content>The name of the new body is to be determined by regulations made by the Secretary of State.</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-1-4"><num>(4)</num><intro>The regulations may—</intro><level class="para1" eId="section-1-4-a"><num>(a)</num><content>amend any provision of this Part, or of any Act amended by this Part, so as to replace the words “single financial guidance body” with the name of the body;</content></level><level class="para1" eId="section-1-4-b"><num>(b)</num><content>make incidental, supplementary and consequential provision.</content></level></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-1-5"><num>(5)</num><content>The power to make regulations under subsection (3) is exercisable by statutory instrument; and an instrument containing such regulations is subject to annulment in pursuance of a resolution of either House of Parliament.</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-1-6"><num>(6)</num><content>The consumer financial education body is dissolved.</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-1-7"><num>(7)</num><intro>Schedule 2 makes provision about schemes for the transfer of staff, property, rights and liabilities—</intro><level class="para1" eId="section-1-7-a"><num>(a)</num><content>from the Secretary of State and the Pensions Advisory Service Limited to the single financial guidance body;</content></level><level class="para1" eId="section-1-7-b"><num>(b)</num><content>from the consumer financial education body to the single financial guidance body and the devolved authorities.</content></level></subsection>

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" name="crossheading" ukl:Name="Pblock" eId="part-1-crossheading-objectives-and-functions-of-the-single-financial-guidance-body"><heading>Objectives and functions of the single financial guidance body</heading><section eId="section-2"><num>2</num><heading>Objectives</heading><subsection eId="section-2-1"><num>(1)</num><intro>The objectives of the single financial guidance body are—</intro><level class="para1" eId="section-2-1-a"><num>(a)</num><content>to improve the ability of members of the public to make informed financial decisions,</content></level><level class="para1" eId="section-2-1-b"><num>(b)</num><content>to support the provision of information, guidance and advice in areas where it is lacking,</content></level><level class="para1" eId="section-2-1-c"><num>(c)</num><content>to secure that information, guidance and advice is provided to members of the public in the clearest and most cost-effective way (including having regard to information provided by other organisations),</content></level><level class="para1" eId="section-2-1-d"><num>(d)</num><content>to ensure that information, guidance and advice is available to those most in need of it (and to allocate its resources accordingly), bearing in mind in particular the needs of people in vulnerable circumstances, and</content></level><level class="para1" eId="section-2-1-e"><num>(e)</num><content>to work closely with the devolved authorities as regards the provision of information, guidance and advice to members of the public in Scotland, Wales and Northern Ireland.</content></level></subsection><subsection eId="section-2-2"><num>(2)</num><content>The single financial guidance body must have regard to its objectives when it exercises its functions.</content></subsection><subsection eId="section-2-3"><num>(3)</num><intro>In this section “<term refersTo="#term-information-guidance-and-advice" eId="term-information-guidance-and-advice">information, guidance and advice</term>” means—</intro><level class="para1" eId="section-2-3-a"><num>(a)</num><content>information and guidance on matters relating to occupational and personal pensions,</content></level><level class="para1" eId="section-2-3-b"><num>(b)</num><content>information and advice on debt, and</content></level><level class="para1" eId="section-2-3-c"><num>(c)</num><content>information and guidance designed to enhance people's understanding and knowledge of financial matters and their ability to manage their own financial affairs.</content></level></subsection></section><section eId="section-3"><num>3</num><heading>Functions</heading><subsection eId="section-3-1"><num>(1)</num><intro>The single financial guidance body has the following functions—</intro><level class="para1" eId="section-3-1-a"><num>(a)</num><content>the pensions guidance function;</content></level><level class="para1" eId="section-3-1-b"><num>(b)</num><content>the debt advice function;</content></level><level class="para1" eId="section-3-1-c"><num>(c)</num><content>the money guidance function;</content></level><level class="para1" eId="section-3-1-d"><num>(d)</num><content>the consumer protection function;</content></level><level class="para1" eId="section-3-1-e"><num>(e)</num><content>the strategic function.</content></level></subsection><subsection eId="section-3-2"><num>(2)</num><intro>The single financial guidance body also has the function of providing—</intro><level class="para1" eId="section-3-2-a"><num>(a)</num><content>advice and assistance to the Secretary of State on matters relating to the functions listed in subsection (1), and</content></level><level class="para1" eId="section-3-2-b"><num>(b)</num><content>advice to the Secretary of State on the establishment of a debt respite scheme (see section 6).</content></level></subsection><subsection eId="section-3-3"><num>(3)</num><content>The single financial guidance body may do anything that is incidental or conducive to the exercise of its functions.</content></subsection><subsection eId="section-3-4"><num>(4)</num><content>The pensions guidance function is to provide, to members of the public, free and impartial information and guidance on matters relating to occupational and personal pensions.</content></subsection><subsection eId="section-3-5"><num>(5)</num><content>The debt advice function is to provide, to members of the public in England, free and impartial information and advice on debt.</content></subsection><subsection eId="section-3-6"><num>(6)</num><content>The money guidance function is to provide, to members of the public, free and impartial information and guidance designed to enhance people's understanding and knowledge of financial matters and their ability to manage their own financial affairs.</content></subsection><subsection eId="section-3-7"><num>(7)</num><intro>The consumer protection function is—</intro><level class="para1" eId="section-3-7-a"><num>(a)</num><content>to notify the FCA where, in the exercise of its other functions, the single financial guidance body becomes aware of practices carried out by FCA-regulated persons (within the meaning of section 139A of the Financial Services and Markets Act 2000) which it considers to be detrimental to consumers, and</content></level><level class="para1" eId="section-3-7-b"><num>(b)</num><intro>to consider the effect of unsolicited direct marketing on consumers of financial products and services, and, in particular—</intro><level class="para2" eId="section-3-7-b-i"><num>(i)</num><content>from time to time publish an assessment of whether unsolicited direct marketing is, or may be, having a detrimental effect on consumers, and</content></level><level class="para2" eId="section-3-7-b-ii"><num>(ii)</num><content>advise the Secretary of State whether to make regulations under section 22 (unsolicited direct marketing: other consumer financial products <abbr title="Et cetera" xml:lang="la">etc</abbr>).</content></level></level></subsection><subsection eId="section-3-8"><num>(8)</num><content>Where the single financial guidance body provides information, guidance or advice to a person in pursuance of one of the functions mentioned in subsection (1)(a) to (c), it must consider whether the person would benefit from receiving information, guidance or advice in pursuance of any other of those functions (and it must ensure that SFGB delivery partners are under a similar duty).</content></subsection><subsection eId="section-3-9"><num>(9)</num><intro>The strategic function is to develop and co-ordinate a national strategy to improve—</intro><level class="para1" eId="section-3-9-a"><num>(a)</num><content>the financial capability of members of the public,</content></level><level class="para1" eId="section-3-9-b"><num>(b)</num><content>the ability of members of the public to manage debt, and</content></level><level class="para1" eId="section-3-9-c"><num>(c)</num><content>the provision of financial education to children and young people.</content></level></subsection><subsection eId="section-3-10"><num>(10)</num><content>In developing and co-ordinating the national strategy, the single financial guidance body must work with others, such as those in the financial services industry, the devolved authorities and the public and voluntary sectors.</content></subsection></section><section eId="section-4"><num>4</num><heading>Specific requirements as to the pensions guidance function</heading><subsection eId="section-4-1"><num>(1)</num><content>As part of its pensions guidance function, the single financial guidance body must provide information and guidance for the purposes of helping a member of a pension scheme, or a survivor of a member of a pension scheme, to make decisions about what to do with the flexible benefits that may be provided to the member or survivor.</content></subsection><subsection eId="section-4-2"><num>(2)</num><intro>In subsection (1)—</intro><level class="para1" eId="section-4-2-a"><num>(a)</num><content>references to a member, or a survivor of a member, of a pension scheme include a member, or a survivor of a member, of a pension scheme for which the <abbr class="acronym" title="Pension Protection Fund">PPF</abbr> has assumed responsibility under Part 2 of the Pensions Act 2004 or Part 3 of the Pensions (Northern Ireland) Order 2005 (<abbr class="acronym" title="Statutory Instrument">S.I.</abbr> 2005/255 (N.I. 1)), but</content></level><level class="para1" eId="section-4-2-b"><num>(b)</num><content>in relation to such a member or survivor, the reference to the flexible benefits that may be provided is to be read as a reference to the money purchase benefits that may be provided by the <abbr class="acronym" title="Pension Protection Fund">PPF</abbr> by virtue of sections 161 and 170 of that Act or Articles 145 and 154 of that Order.</content></level></subsection><subsection eId="section-4-3"><num>(3)</num><intro>In this section—</intro><hcontainer name="definition"><content>“<term refersTo="#term-flexible-benefit" eId="term-flexible-benefit">flexible benefit</term>” has the meaning given by section 74 of the Pension Schemes Act 2015;</content></hcontainer><hcontainer name="definition"><intro>“money purchase benefits”—</intro><level class="para1"><num>(a)</num><content>in relation to England and Wales and Scotland, has the meaning given by section 181(1) of the Pension Schemes Act 1993, and</content></level><level class="para1"><num>(b)</num><content>in relation to Northern Ireland, has the meaning given by section 176(1) of the Pension Schemes (Northern Ireland) Act 1993;</content></level></hcontainer><hcontainer name="definition"><content>“<term refersTo="#term-pension-scheme" eId="term-pension-scheme">pension scheme</term>” has the meaning given by section 1(5) of the Pension Schemes Act 1993;</content></hcontainer><hcontainer name="definition"><content>“<term refersTo="#term-ppf" eId="term-ppf"><abbr class="acronym" title="Pension Protection Fund">PPF</abbr></term>” means the Board of the Pension Protection Fund;</content></hcontainer><hcontainer name="definition"><content>“<term refersTo="#term-survivor" eId="term-survivor">survivor</term>” has the meaning given by section 76(1) of the Pension Schemes Act 2015.</content></hcontainer></subsection></section><section eId="section-4A"><num><ins class="first" ukl:ChangeId="key-d6c101b8675139a6fc1b5883bc259c93-1637526400084" ukl:CommentaryRef="key-d6c101b8675139a6fc1b5883bc259c93"><noteRef uk:name="commentary" href="#key-d6c101b8675139a6fc1b5883bc259c93" class="commentary"/>4A</ins></num><heading><ins ukl:ChangeId="key-d6c101b8675139a6fc1b5883bc259c93-1637526400084" ukl:CommentaryRef="key-d6c101b8675139a6fc1b5883bc259c93">Specific functions included in the pensions guidance function</ins></heading><subsection eId="section-4A-1"><num><ins ukl:ChangeId="key-d6c101b8675139a6fc1b5883bc259c93-1637526400084" ukl:CommentaryRef="key-d6c101b8675139a6fc1b5883bc259c93">(1)</ins></num><intro><ins ukl:ChangeId="key-d6c101b8675139a6fc1b5883bc259c93-1637526400084" ukl:CommentaryRef="key-d6c101b8675139a6fc1b5883bc259c93">The single financial guidance body must provide a pensions dashboard service by means of which—</ins></intro><level class="para1" eId="section-4A-1-a"><num><ins ukl:ChangeId="key-d6c101b8675139a6fc1b5883bc259c93-1637526400084" ukl:CommentaryRef="key-d6c101b8675139a6fc1b5883bc259c93">(a)</ins></num><intro><ins ukl:ChangeId="key-d6c101b8675139a6fc1b5883bc259c93-1637526400084" ukl:CommentaryRef="key-d6c101b8675139a6fc1b5883bc259c93">information that the trustees or managers of a relevant occupational pension scheme are required to provide by—</ins></intro><level class="para2" eId="section-4A-1-a-i"><num><ins ukl:ChangeId="key-d6c101b8675139a6fc1b5883bc259c93-1637526400084" ukl:CommentaryRef="key-d6c101b8675139a6fc1b5883bc259c93">(i)</ins></num><content><ins ukl:ChangeId="key-d6c101b8675139a6fc1b5883bc259c93-1637526400084" ukl:CommentaryRef="key-d6c101b8675139a6fc1b5883bc259c93">regulations under section 238D(1)(a)(ii) of the Pensions Act 2004, or</ins></content></level><level class="para2" eId="section-4A-1-a-ii"><num><ins ukl:ChangeId="key-d6c101b8675139a6fc1b5883bc259c93-1637526400084" ukl:CommentaryRef="key-d6c101b8675139a6fc1b5883bc259c93">(ii)</ins></num><content><ins ukl:ChangeId="key-d6c101b8675139a6fc1b5883bc259c93-1637526400084" ukl:CommentaryRef="key-d6c101b8675139a6fc1b5883bc259c93">regulations under Article 215D(1)(a)(ii) of the Pensions (Northern Ireland) Order 2005 (S.I. 2005/255 (N.I. 1)), and</ins></content></level></level><level class="para1" eId="section-4A-1-b"><num><ins ukl:ChangeId="key-d6c101b8675139a6fc1b5883bc259c93-1637526400084" ukl:CommentaryRef="key-d6c101b8675139a6fc1b5883bc259c93">(b)</ins></num><content><ins ukl:ChangeId="key-d6c101b8675139a6fc1b5883bc259c93-1637526400084" ukl:CommentaryRef="key-d6c101b8675139a6fc1b5883bc259c93">information that specified authorised persons are required to provide by general rules under section 137FAA(1)(a)(ii) of the Financial Services and Markets Act 2000,</ins></content></level><wrapUp><ins ukl:ChangeId="key-d6c101b8675139a6fc1b5883bc259c93-1637526400084" ukl:CommentaryRef="key-d6c101b8675139a6fc1b5883bc259c93">may be requested by, and provided to, an individual or a person authorised by the individual.</ins></wrapUp></subsection><subsection eId="section-4A-2"><num><ins ukl:ChangeId="key-d6c101b8675139a6fc1b5883bc259c93-1637526400084" ukl:CommentaryRef="key-d6c101b8675139a6fc1b5883bc259c93">(2)</ins></num><intro><ins ukl:ChangeId="key-d6c101b8675139a6fc1b5883bc259c93-1637526400084" ukl:CommentaryRef="key-d6c101b8675139a6fc1b5883bc259c93">The single financial guidance body may, by means of its pensions dashboard service, provide information about—</ins></intro><level class="para1" eId="section-4A-2-a"><num><ins ukl:ChangeId="key-d6c101b8675139a6fc1b5883bc259c93-1637526400084" ukl:CommentaryRef="key-d6c101b8675139a6fc1b5883bc259c93">(a)</ins></num><content><ins ukl:ChangeId="key-d6c101b8675139a6fc1b5883bc259c93-1637526400084" ukl:CommentaryRef="key-d6c101b8675139a6fc1b5883bc259c93">state pensions,</ins></content></level><level class="para1" eId="section-4A-2-b"><num><ins ukl:ChangeId="key-d6c101b8675139a6fc1b5883bc259c93-1637526400084" ukl:CommentaryRef="key-d6c101b8675139a6fc1b5883bc259c93">(b)</ins></num><content><ins ukl:ChangeId="key-d6c101b8675139a6fc1b5883bc259c93-1637526400084" ukl:CommentaryRef="key-d6c101b8675139a6fc1b5883bc259c93">basic and additional retirement pensions, </ins><ins ukl:ChangeId="key-d6c101b8675139a6fc1b5883bc259c93-1637526400084" ukl:CommentaryRef="key-d6c101b8675139a6fc1b5883bc259c93"><noteRef href="#key-3fdc86694282968be68f63a0ac6bfdea" uk:name="commentary" ukl:Name="CommentaryRef" class="commentary"/>...</ins></content></level><level class="para1" eId="section-4A-2-c"><num><ins ukl:ChangeId="key-d6c101b8675139a6fc1b5883bc259c93-1637526400084" ukl:CommentaryRef="key-d6c101b8675139a6fc1b5883bc259c93">(c)</ins></num><content><ins ukl:ChangeId="key-d6c101b8675139a6fc1b5883bc259c93-1637526400084" ukl:CommentaryRef="key-d6c101b8675139a6fc1b5883bc259c93">state pension information relating to an individual.</ins></content></level><level class="para1" eId="section-4A-2-d"><num><ins ukl:ChangeId="key-d6c101b8675139a6fc1b5883bc259c93-1637526400084" ukl:CommentaryRef="key-d6c101b8675139a6fc1b5883bc259c93"><ins class="first" ukl:ChangeId="key-45f13b9eb3b388a31f9615db2b2f4819-1780502338607" ukl:CommentaryRef="key-45f13b9eb3b388a31f9615db2b2f4819"><noteRef uk:name="commentary" href="#key-45f13b9eb3b388a31f9615db2b2f4819" class="commentary"/>(d)</ins></ins></num><content><ins ukl:ChangeId="key-d6c101b8675139a6fc1b5883bc259c93-1637526400084" ukl:CommentaryRef="key-d6c101b8675139a6fc1b5883bc259c93"><ins ukl:ChangeId="key-45f13b9eb3b388a31f9615db2b2f4819-1780502338607" ukl:CommentaryRef="key-45f13b9eb3b388a31f9615db2b2f4819">the Pension Protection Fund, including information relating to an individual, and</ins></ins></content></level><level class="para1" eId="section-4A-2-e"><num><ins ukl:ChangeId="key-d6c101b8675139a6fc1b5883bc259c93-1637526400084" ukl:CommentaryRef="key-d6c101b8675139a6fc1b5883bc259c93"><ins ukl:ChangeId="key-45f13b9eb3b388a31f9615db2b2f4819-1780502338607" ukl:CommentaryRef="key-45f13b9eb3b388a31f9615db2b2f4819">(e)</ins></ins></num><content><ins ukl:ChangeId="key-d6c101b8675139a6fc1b5883bc259c93-1637526400084" ukl:CommentaryRef="key-d6c101b8675139a6fc1b5883bc259c93"><ins class="last" ukl:ChangeId="key-45f13b9eb3b388a31f9615db2b2f4819-1780502338607" ukl:CommentaryRef="key-45f13b9eb3b388a31f9615db2b2f4819">the financial assistance scheme, including information relating to an individual.</ins></ins></content></level></subsection><subsection eId="section-4A-3"><num><ins ukl:ChangeId="key-d6c101b8675139a6fc1b5883bc259c93-1637526400084" ukl:CommentaryRef="key-d6c101b8675139a6fc1b5883bc259c93">(3)</ins></num><intro><ins ukl:ChangeId="key-d6c101b8675139a6fc1b5883bc259c93-1637526400084" ukl:CommentaryRef="key-d6c101b8675139a6fc1b5883bc259c93">The single financial guidance body may carry out other functions relating to pensions dashboard services, including functions for which provision is made by—</ins></intro><level class="para1" eId="section-4A-3-a"><num><ins ukl:ChangeId="key-d6c101b8675139a6fc1b5883bc259c93-1637526400084" ukl:CommentaryRef="key-d6c101b8675139a6fc1b5883bc259c93">(a)</ins></num><content><ins ukl:ChangeId="key-d6c101b8675139a6fc1b5883bc259c93-1637526400084" ukl:CommentaryRef="key-d6c101b8675139a6fc1b5883bc259c93">regulations under section 238A of the Pensions Act 2004 or Article 215A of the Pensions (Northern Ireland) Order 2005 (qualifying pensions dashboard services),</ins></content></level><level class="para1" eId="section-4A-3-b"><num><ins ukl:ChangeId="key-d6c101b8675139a6fc1b5883bc259c93-1637526400084" ukl:CommentaryRef="key-d6c101b8675139a6fc1b5883bc259c93">(b)</ins></num><content><ins ukl:ChangeId="key-d6c101b8675139a6fc1b5883bc259c93-1637526400084" ukl:CommentaryRef="key-d6c101b8675139a6fc1b5883bc259c93">regulations under section 238D of the Pensions Act 2004 or Article 215D of the Pensions (Northern Ireland) Order 2005 (information from occupational pension schemes), or</ins></content></level><level class="para1" eId="section-4A-3-c"><num><ins ukl:ChangeId="key-d6c101b8675139a6fc1b5883bc259c93-1637526400084" ukl:CommentaryRef="key-d6c101b8675139a6fc1b5883bc259c93">(c)</ins></num><content><ins ukl:ChangeId="key-d6c101b8675139a6fc1b5883bc259c93-1637526400084" ukl:CommentaryRef="key-d6c101b8675139a6fc1b5883bc259c93">general rules under section 137FAA of the Financial Services and Markets Act 2000 (information from personal or stakeholder pension schemes).</ins></content></level></subsection><subsection eId="section-4A-4"><num><ins ukl:ChangeId="key-d6c101b8675139a6fc1b5883bc259c93-1637526400084" ukl:CommentaryRef="key-d6c101b8675139a6fc1b5883bc259c93">(4)</ins></num><content><ins ukl:ChangeId="key-d6c101b8675139a6fc1b5883bc259c93-1637526400084" ukl:CommentaryRef="key-d6c101b8675139a6fc1b5883bc259c93">The functions of the single financial guidance body referred to in subsections (1) to (3) are part of its pensions guidance function.</ins></content></subsection><subsection eId="section-4A-5"><num><ins ukl:ChangeId="key-d6c101b8675139a6fc1b5883bc259c93-1637526400084" ukl:CommentaryRef="key-d6c101b8675139a6fc1b5883bc259c93">(5)</ins></num><content><ins ukl:ChangeId="key-d6c101b8675139a6fc1b5883bc259c93-1637526400084" ukl:CommentaryRef="key-d6c101b8675139a6fc1b5883bc259c93">Subsections (1) to (4) are without prejudice to sections 3(4) and (8) and 4.</ins></content></subsection><subsection eId="section-4A-6"><num><ins ukl:ChangeId="key-d6c101b8675139a6fc1b5883bc259c93-1637526400084" ukl:CommentaryRef="key-d6c101b8675139a6fc1b5883bc259c93">(6)</ins></num><intro><ins ukl:ChangeId="key-d6c101b8675139a6fc1b5883bc259c93-1637526400084" ukl:CommentaryRef="key-d6c101b8675139a6fc1b5883bc259c93">In this section—</ins></intro><hcontainer name="definition"><content> <ins ukl:ChangeId="key-d6c101b8675139a6fc1b5883bc259c93-1637526400084" ukl:CommentaryRef="key-d6c101b8675139a6fc1b5883bc259c93"><ins class="first" ukl:ChangeId="key-9981caa08f93a4ffc19d84c71a12f3a1-1780502414331" ukl:CommentaryRef="key-9981caa08f93a4ffc19d84c71a12f3a1"><noteRef uk:name="commentary" href="#key-9981caa08f93a4ffc19d84c71a12f3a1" class="commentary"/>“</ins></ins><term refersTo="#term-financial-assistance-scheme"><ins ukl:ChangeId="key-d6c101b8675139a6fc1b5883bc259c93-1637526400084" ukl:CommentaryRef="key-d6c101b8675139a6fc1b5883bc259c93"><ins ukl:ChangeId="key-9981caa08f93a4ffc19d84c71a12f3a1-1780502414331" ukl:CommentaryRef="key-9981caa08f93a4ffc19d84c71a12f3a1">financial assistance scheme</ins></ins></term><ins ukl:ChangeId="key-d6c101b8675139a6fc1b5883bc259c93-1637526400084" ukl:CommentaryRef="key-d6c101b8675139a6fc1b5883bc259c93"><ins class="last" ukl:ChangeId="key-9981caa08f93a4ffc19d84c71a12f3a1-1780502414331" ukl:CommentaryRef="key-9981caa08f93a4ffc19d84c71a12f3a1">” means the scheme provided for by regulations under section 286 of the Pensions Act 2004 (financial assistance scheme for members of certain pension schemes);</ins></ins> </content></hcontainer><hcontainer name="definition"><intro><ins ukl:ChangeId="key-d6c101b8675139a6fc1b5883bc259c93-1637526400084" ukl:CommentaryRef="key-d6c101b8675139a6fc1b5883bc259c93">“</ins><term refersTo="#term-pensions-dashboard-service"><ins ukl:ChangeId="key-d6c101b8675139a6fc1b5883bc259c93-1637526400084" ukl:CommentaryRef="key-d6c101b8675139a6fc1b5883bc259c93">pensions dashboard service</ins></term><ins ukl:ChangeId="key-d6c101b8675139a6fc1b5883bc259c93-1637526400084" ukl:CommentaryRef="key-d6c101b8675139a6fc1b5883bc259c93">” means—</ins></intro><level class="para1"><num>(a)</num><content><ins ukl:ChangeId="key-d6c101b8675139a6fc1b5883bc259c93-1637526400084" ukl:CommentaryRef="key-d6c101b8675139a6fc1b5883bc259c93">a pensions dashboard service within the meaning of section 238A of the Pensions Act 2004, or</ins></content></level><level class="para1"><num>(b)</num><content><ins ukl:ChangeId="key-d6c101b8675139a6fc1b5883bc259c93-1637526400084" ukl:CommentaryRef="key-d6c101b8675139a6fc1b5883bc259c93">a pensions dashboard service within the meaning of Article 215A of the Pensions (Northern Ireland) Order 2005 (S.I. 2005/255 (N.I. 1));</ins></content></level></hcontainer><hcontainer name="definition"><intro><ins ukl:ChangeId="key-d6c101b8675139a6fc1b5883bc259c93-1637526400084" ukl:CommentaryRef="key-d6c101b8675139a6fc1b5883bc259c93">“</ins><term refersTo="#term-relevant-occupational-pension-scheme"><ins ukl:ChangeId="key-d6c101b8675139a6fc1b5883bc259c93-1637526400084" ukl:CommentaryRef="key-d6c101b8675139a6fc1b5883bc259c93">relevant occupational pension scheme</ins></term><ins ukl:ChangeId="key-d6c101b8675139a6fc1b5883bc259c93-1637526400084" ukl:CommentaryRef="key-d6c101b8675139a6fc1b5883bc259c93">” has the meaning given by—</ins></intro><level class="para1"><num>(a)</num><content><ins ukl:ChangeId="key-d6c101b8675139a6fc1b5883bc259c93-1637526400084" ukl:CommentaryRef="key-d6c101b8675139a6fc1b5883bc259c93">section 238F of the Pensions Act 2004, in relation to England and Wales and Scotland, and</ins></content></level><level class="para1"><num>(b)</num><content><ins ukl:ChangeId="key-d6c101b8675139a6fc1b5883bc259c93-1637526400084" ukl:CommentaryRef="key-d6c101b8675139a6fc1b5883bc259c93">Article 215F of the Pensions (Northern Ireland) Order 2005, in relation to Northern Ireland;</ins></content></level></hcontainer><hcontainer name="definition"><content><ins ukl:ChangeId="key-d6c101b8675139a6fc1b5883bc259c93-1637526400084" ukl:CommentaryRef="key-d6c101b8675139a6fc1b5883bc259c93">“</ins><term refersTo="#term-specified-authorised-person"><ins ukl:ChangeId="key-d6c101b8675139a6fc1b5883bc259c93-1637526400084" ukl:CommentaryRef="key-d6c101b8675139a6fc1b5883bc259c93">specified authorised person</ins></term><ins ukl:ChangeId="key-d6c101b8675139a6fc1b5883bc259c93-1637526400084" ukl:CommentaryRef="key-d6c101b8675139a6fc1b5883bc259c93">” has the meaning given by section 137FAC of the Financial Services and Markets Act 2000;</ins></content></hcontainer><hcontainer name="definition"><content><ins class="last" ukl:ChangeId="key-d6c101b8675139a6fc1b5883bc259c93-1637526400084" ukl:CommentaryRef="key-d6c101b8675139a6fc1b5883bc259c93">“state pension”, “basic retirement pension”, “additional retirement pension” and “state pension information” have the meaning given by section 238C of the Pensions Act 2004.</ins></content></hcontainer></subsection></section><section eId="section-5"><num>5</num><heading>Delegation of functions to delivery partner organisations</heading><subsection eId="section-5-1"><num>(1)</num><intro>The single financial guidance body may arrange for another person (a “primary SFGB delivery partner”) to carry out any of the following functions on its behalf—</intro><level class="para1" eId="section-5-1-a"><num>(a)</num><content>the pensions guidance function;</content></level><level class="para1" eId="section-5-1-b"><num>(b)</num><content>the debt advice function;</content></level><level class="para1" eId="section-5-1-c"><num>(c)</num><content>the money guidance function.</content></level></subsection><subsection eId="section-5-2"><num>(2)</num><content>A primary SFGB delivery partner may arrange for another person (a “secondary SFGB delivery partner”) to carry out any of the functions it is carrying out on behalf of the single financial guidance body.</content></subsection><subsection eId="section-5-3"><num>(3)</num><content>A secondary SFGB delivery partner may arrange for another person to carry out any of the functions it is carrying out on behalf of the single financial guidance body, but only with the consent of the single financial guidance body.</content></subsection><subsection eId="section-5-4"><num>(4)</num><content>Arrangements under this section may include provision as to payment to the SFGB delivery partner.</content></subsection><subsection eId="section-5-5"><num>(5)</num><content>Arrangements under this section must include provision requiring an SFGB delivery partner to disclose information to the single financial guidance body or the FCA when requested to do so to enable the single financial guidance body or the FCA to exercise the functions set out in section 10 (monitoring and enforcement of standards).</content></subsection></section><section eId="section-6"><num>6</num><heading>Debt respite scheme: advice to the Secretary of State</heading><subsection eId="section-6-1"><num>(1)</num><content>The Secretary of State must, within three months of the establishment of the single financial guidance body, seek advice from the body on the establishment of a debt respite scheme.</content></subsection><subsection eId="section-6-2"><num>(2)</num><intro>A debt respite scheme is a scheme designed to do one or more of the following—</intro><level class="para1" eId="section-6-2-a"><num>(a)</num><content>protect individuals in debt from the accrual of further interest or charges on their debts during the period specified by the scheme,</content></level><level class="para1" eId="section-6-2-b"><num>(b)</num><content>protect individuals in debt from enforcement action from their creditors during that period, and</content></level><level class="para1" eId="section-6-2-c"><num>(c)</num><content>help individuals in debt <del class="first last" ukl:ChangeId="key-50fa10d96fc93246cb3764628d19d532-1637529561417" ukl:CommentaryRef="key-50fa10d96fc93246cb3764628d19d532"><noteRef uk:name="commentary" href="#key-50fa10d96fc93246cb3764628d19d532" class="commentary"/>and their creditors</del> to devise a realistic plan for the repayment of some or all of the debts.</content></level></subsection><subsection eId="section-6-3"><num>(3)</num><intro>The matters on which the Secretary of State may seek advice include (but are not limited to)—</intro><level class="para1" eId="section-6-3-a"><num>(a)</num><content>the appropriate person to administer the scheme (and the single financial guidance body may recommend the creation of a new body for this purpose);</content></level><level class="para1" eId="section-6-3-b"><num>(b)</num><content>whether the scheme should apply in England only, or whether it should also apply in Wales or Northern Ireland (or both);</content></level><level class="para1" eId="section-6-3-c"><num>(c)</num><intro>the scope and design of the scheme, for example—</intro><level class="para2" eId="section-6-3-c-i"><num>(i)</num><content>the types of debtors and the types of debts it should cover;</content></level><level class="para2" eId="section-6-3-c-ii"><num>(ii)</num><content>the types of protections it should give;</content></level><level class="para2" eId="section-6-3-c-iii"><num>(iii)</num><content>the time period for which the protections should apply;</content></level><level class="para2" eId="section-6-3-c-iv"><num>(iv)</num><content>what the obligations on debtors and creditors should be during any period for which protections apply, including any period of a repayment plan;</content></level><level class="para2" eId="section-6-3-c-v"><num>(v)</num><content>the consequences of a failure by a debtor or a creditor to comply with a repayment plan;</content></level></level><level class="para1" eId="section-6-3-d"><num>(d)</num><intro>how the scheme should work, for example—</intro><level class="para2" eId="section-6-3-d-i"><num>(i)</num><content>how an application should be made for the protections given by the scheme;</content></level><level class="para2" eId="section-6-3-d-ii"><num>(ii)</num><content>suitable arrangements to keep creditors informed;</content></level><level class="para2" eId="section-6-3-d-iii"><num>(iii)</num><content>whether there should be a central register of persons admitted to the scheme;</content></level></level><level class="para1" eId="section-6-3-e"><num>(e)</num><content>how the scheme should be implemented.</content></level></subsection><subsection eId="section-6-4"><num>(4)</num><content>The single financial guidance body must provide the advice sought within 12 months of its establishment.</content></subsection><subsection eId="section-6-5"><num>(5)</num><content>The Secretary of State must publish the advice.</content></subsection></section><section eId="section-7"><num>7</num><heading>Debt respite scheme: regulations</heading><subsection eId="section-7-1"><num>(1)</num><content>As soon as reasonably practicable after receiving advice from the single financial guidance body under section 6, the Secretary of State must consider whether to make regulations under this section.</content></subsection><subsection eId="section-7-2"><num>(2)</num><content>After receiving advice from the single financial guidance body under section 6, the Secretary of State may make regulations establishing a debt respite scheme.</content></subsection><subsection eId="section-7-3"><num>(3)</num><content>The regulations must take the advice into account.</content></subsection><subsection eId="section-7-4"><num>(4)</num><intro>The regulations may provide for the scheme to apply—</intro><level class="para1" eId="section-7-4-a"><num>(a)</num><content>in England only,</content></level><level class="para1" eId="section-7-4-b"><num>(b)</num><content>in England and Wales,</content></level><level class="para1" eId="section-7-4-c"><num>(c)</num><content>in England and Northern Ireland, or</content></level><level class="para1" eId="section-7-4-d"><num>(d)</num><content>in England, Wales and Northern Ireland.</content></level></subsection><subsection eId="section-7-4A"><num><ins class="first" ukl:ChangeId="key-cae2742f95c1583035cf3bdf7e40b27f-1637529704730" ukl:CommentaryRef="key-cae2742f95c1583035cf3bdf7e40b27f"><noteRef uk:name="commentary" href="#key-cae2742f95c1583035cf3bdf7e40b27f" class="commentary"/>(4A)</ins></num><intro><ins ukl:ChangeId="key-cae2742f95c1583035cf3bdf7e40b27f-1637529704730" ukl:CommentaryRef="key-cae2742f95c1583035cf3bdf7e40b27f">The regulations may include the following as part of the scheme so far as it applies in England and Wales—</ins></intro><level class="para1" eId="section-7-4A-a"><num><ins ukl:ChangeId="key-cae2742f95c1583035cf3bdf7e40b27f-1637529704730" ukl:CommentaryRef="key-cae2742f95c1583035cf3bdf7e40b27f">(a)</ins></num><content><ins ukl:ChangeId="key-cae2742f95c1583035cf3bdf7e40b27f-1637529704730" ukl:CommentaryRef="key-cae2742f95c1583035cf3bdf7e40b27f">provision about the involvement of creditors in the process of devising a plan for the repayment of some or all of an individual's debts;</ins></content></level><level class="para1" eId="section-7-4A-b"><num><ins ukl:ChangeId="key-cae2742f95c1583035cf3bdf7e40b27f-1637529704730" ukl:CommentaryRef="key-cae2742f95c1583035cf3bdf7e40b27f">(b)</ins></num><content><ins ukl:ChangeId="key-cae2742f95c1583035cf3bdf7e40b27f-1637529704730" ukl:CommentaryRef="key-cae2742f95c1583035cf3bdf7e40b27f">provision to protect an individual, during the period of a repayment plan, from being required to repay a debt to which the plan applies otherwise than in accordance with the plan;</ins></content></level><level class="para1" eId="section-7-4A-c"><num><ins ukl:ChangeId="key-cae2742f95c1583035cf3bdf7e40b27f-1637529704730" ukl:CommentaryRef="key-cae2742f95c1583035cf3bdf7e40b27f">(c)</ins></num><intro><ins ukl:ChangeId="key-cae2742f95c1583035cf3bdf7e40b27f-1637529704730" ukl:CommentaryRef="key-cae2742f95c1583035cf3bdf7e40b27f">provision for an amount payable in respect of a debt in accordance with a repayment plan—</ins></intro><level class="para2" eId="section-7-4A-c-i"><num><ins ukl:ChangeId="key-cae2742f95c1583035cf3bdf7e40b27f-1637529704730" ukl:CommentaryRef="key-cae2742f95c1583035cf3bdf7e40b27f">(i)</ins></num><content><ins ukl:ChangeId="key-cae2742f95c1583035cf3bdf7e40b27f-1637529704730" ukl:CommentaryRef="key-cae2742f95c1583035cf3bdf7e40b27f">to be payable instead towards the costs of operating the repayment plan, other repayment plans or the debt respite scheme, and</ins></content></level><level class="para2" eId="section-7-4A-c-ii"><num><ins ukl:ChangeId="key-cae2742f95c1583035cf3bdf7e40b27f-1637529704730" ukl:CommentaryRef="key-cae2742f95c1583035cf3bdf7e40b27f">(ii)</ins></num><content><ins class="last" ukl:ChangeId="key-cae2742f95c1583035cf3bdf7e40b27f-1637529704730" ukl:CommentaryRef="key-cae2742f95c1583035cf3bdf7e40b27f">to be treated, so far as paid towards those costs, as permanently reducing a debt to which the plan applies.</ins></content></level></level></subsection><subsection eId="section-7-5"><num>(5)</num><intro>Regulations under this section may—</intro><level class="para1" eId="section-7-5-a"><num>(a)</num><content>make different provision for different purposes,</content></level><level class="para1" eId="section-7-5-b"><num>(b)</num><content>make different provision for different areas,</content></level><level class="para1" eId="section-7-5-ba"><num><ins class="first" ukl:ChangeId="key-2a51eef4f6bab9c6594588e47b50b5ee-1637529833001" ukl:CommentaryRef="key-2a51eef4f6bab9c6594588e47b50b5ee"><noteRef uk:name="commentary" href="#key-2a51eef4f6bab9c6594588e47b50b5ee" class="commentary"/>(ba)</ins></num><content><ins class="last" ukl:ChangeId="key-2a51eef4f6bab9c6594588e47b50b5ee-1637529833001" ukl:CommentaryRef="key-2a51eef4f6bab9c6594588e47b50b5ee">make provision binding the Crown,</ins></content></level><level class="para1" eId="section-7-5-c"><num>(c)</num><content>make incidental, supplemental, consequential, transitional or saving provision, and</content></level><level class="para1" eId="section-7-5-d"><num>(d)</num><content>apply to obligations entered into, or debts due to be repaid, before the regulations come into force.</content></level></subsection><subsection eId="section-7-6"><num>(6)</num><intro>Provision under subsection (5)(c) may amend any provision made by or under—</intro><level class="para1" eId="section-7-6-a"><num>(a)</num><content>an Act of Parliament,</content></level><level class="para1" eId="section-7-6-b"><num>(b)</num><content>in the case where the regulations provide for the scheme to apply in Wales, a Measure or Act of the National Assembly for Wales, and</content></level><level class="para1" eId="section-7-6-c"><num>(c)</num><content>in the case where the regulations provide for the scheme to apply in Northern Ireland, Northern Ireland legislation.</content></level></subsection><subsection eId="section-7-7"><num>(7)</num><content>Regulations under this section are to be made by statutory instrument.</content></subsection><subsection eId="section-7-8"><num>(8)</num><intro>An instrument containing regulations under this section may not be made unless a draft of the instrument has been laid before and approved by a resolution of —</intro><level class="para1" eId="section-7-8-a"><num>(a)</num><content>each House of Parliament,</content></level><level class="para1" eId="section-7-8-b"><num>(b)</num><content>in the case where the regulations provide for the scheme to apply in Wales, the National Assembly for Wales, and</content></level><level class="para1" eId="section-7-8-c"><num>(c)</num><content>in the case where the regulations provide for the scheme to apply in Northern Ireland, the Northern Ireland Assembly.</content></level></subsection></section><section eId="section-8"><num>8</num><heading>Guidance and directions from the Secretary of State</heading><subsection eId="section-8-1"><num>(1)</num><content>The Secretary of State may issue guidance and give directions to the single financial guidance body about the exercise of its functions.</content></subsection><subsection eId="section-8-2"><num>(2)</num><content>The Secretary of State must publish any directions that are given to the single financial guidance body.</content></subsection><subsection eId="section-8-3"><num>(3)</num><content>The single financial guidance body must have regard to guidance, and comply with directions, given to it by the Secretary of State.</content></subsection></section></hcontainer>

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-2"><num>2</num><heading>Objectives</heading><subsection eId="section-2-1"><num>(1)</num><intro>The objectives of the single financial guidance body are—</intro><level class="para1" eId="section-2-1-a"><num>(a)</num><content>to improve the ability of members of the public to make informed financial decisions,</content></level><level class="para1" eId="section-2-1-b"><num>(b)</num><content>to support the provision of information, guidance and advice in areas where it is lacking,</content></level><level class="para1" eId="section-2-1-c"><num>(c)</num><content>to secure that information, guidance and advice is provided to members of the public in the clearest and most cost-effective way (including having regard to information provided by other organisations),</content></level><level class="para1" eId="section-2-1-d"><num>(d)</num><content>to ensure that information, guidance and advice is available to those most in need of it (and to allocate its resources accordingly), bearing in mind in particular the needs of people in vulnerable circumstances, and</content></level><level class="para1" eId="section-2-1-e"><num>(e)</num><content>to work closely with the devolved authorities as regards the provision of information, guidance and advice to members of the public in Scotland, Wales and Northern Ireland.</content></level></subsection><subsection eId="section-2-2"><num>(2)</num><content>The single financial guidance body must have regard to its objectives when it exercises its functions.</content></subsection><subsection eId="section-2-3"><num>(3)</num><intro>In this section “<term refersTo="#term-information-guidance-and-advice" eId="term-information-guidance-and-advice">information, guidance and advice</term>” means—</intro><level class="para1" eId="section-2-3-a"><num>(a)</num><content>information and guidance on matters relating to occupational and personal pensions,</content></level><level class="para1" eId="section-2-3-b"><num>(b)</num><content>information and advice on debt, and</content></level><level class="para1" eId="section-2-3-c"><num>(c)</num><content>information and guidance designed to enhance people's understanding and knowledge of financial matters and their ability to manage their own financial affairs.</content></level></subsection></section>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-2-1"><num>(1)</num><intro>The objectives of the single financial guidance body are—</intro><level class="para1" eId="section-2-1-a"><num>(a)</num><content>to improve the ability of members of the public to make informed financial decisions,</content></level><level class="para1" eId="section-2-1-b"><num>(b)</num><content>to support the provision of information, guidance and advice in areas where it is lacking,</content></level><level class="para1" eId="section-2-1-c"><num>(c)</num><content>to secure that information, guidance and advice is provided to members of the public in the clearest and most cost-effective way (including having regard to information provided by other organisations),</content></level><level class="para1" eId="section-2-1-d"><num>(d)</num><content>to ensure that information, guidance and advice is available to those most in need of it (and to allocate its resources accordingly), bearing in mind in particular the needs of people in vulnerable circumstances, and</content></level><level class="para1" eId="section-2-1-e"><num>(e)</num><content>to work closely with the devolved authorities as regards the provision of information, guidance and advice to members of the public in Scotland, Wales and Northern Ireland.</content></level></subsection>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-2-1-a"><num>(a)</num><content>to improve the ability of members of the public to make informed financial decisions,</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-2-1-b"><num>(b)</num><content>to support the provision of information, guidance and advice in areas where it is lacking,</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-2-1-c"><num>(c)</num><content>to secure that information, guidance and advice is provided to members of the public in the clearest and most cost-effective way (including having regard to information provided by other organisations),</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-2-1-d"><num>(d)</num><content>to ensure that information, guidance and advice is available to those most in need of it (and to allocate its resources accordingly), bearing in mind in particular the needs of people in vulnerable circumstances, and</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-2-1-e"><num>(e)</num><content>to work closely with the devolved authorities as regards the provision of information, guidance and advice to members of the public in Scotland, Wales and Northern Ireland.</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-2-2"><num>(2)</num><content>The single financial guidance body must have regard to its objectives when it exercises its functions.</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-2-3"><num>(3)</num><intro>In this section “<term refersTo="#term-information-guidance-and-advice" eId="term-information-guidance-and-advice">information, guidance and advice</term>” means—</intro><level class="para1" eId="section-2-3-a"><num>(a)</num><content>information and guidance on matters relating to occupational and personal pensions,</content></level><level class="para1" eId="section-2-3-b"><num>(b)</num><content>information and advice on debt, and</content></level><level class="para1" eId="section-2-3-c"><num>(c)</num><content>information and guidance designed to enhance people's understanding and knowledge of financial matters and their ability to manage their own financial affairs.</content></level></subsection>

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-3"><num>3</num><heading>Functions</heading><subsection eId="section-3-1"><num>(1)</num><intro>The single financial guidance body has the following functions—</intro><level class="para1" eId="section-3-1-a"><num>(a)</num><content>the pensions guidance function;</content></level><level class="para1" eId="section-3-1-b"><num>(b)</num><content>the debt advice function;</content></level><level class="para1" eId="section-3-1-c"><num>(c)</num><content>the money guidance function;</content></level><level class="para1" eId="section-3-1-d"><num>(d)</num><content>the consumer protection function;</content></level><level class="para1" eId="section-3-1-e"><num>(e)</num><content>the strategic function.</content></level></subsection><subsection eId="section-3-2"><num>(2)</num><intro>The single financial guidance body also has the function of providing—</intro><level class="para1" eId="section-3-2-a"><num>(a)</num><content>advice and assistance to the Secretary of State on matters relating to the functions listed in subsection (1), and</content></level><level class="para1" eId="section-3-2-b"><num>(b)</num><content>advice to the Secretary of State on the establishment of a debt respite scheme (see section 6).</content></level></subsection><subsection eId="section-3-3"><num>(3)</num><content>The single financial guidance body may do anything that is incidental or conducive to the exercise of its functions.</content></subsection><subsection eId="section-3-4"><num>(4)</num><content>The pensions guidance function is to provide, to members of the public, free and impartial information and guidance on matters relating to occupational and personal pensions.</content></subsection><subsection eId="section-3-5"><num>(5)</num><content>The debt advice function is to provide, to members of the public in England, free and impartial information and advice on debt.</content></subsection><subsection eId="section-3-6"><num>(6)</num><content>The money guidance function is to provide, to members of the public, free and impartial information and guidance designed to enhance people's understanding and knowledge of financial matters and their ability to manage their own financial affairs.</content></subsection><subsection eId="section-3-7"><num>(7)</num><intro>The consumer protection function is—</intro><level class="para1" eId="section-3-7-a"><num>(a)</num><content>to notify the FCA where, in the exercise of its other functions, the single financial guidance body becomes aware of practices carried out by FCA-regulated persons (within the meaning of section 139A of the Financial Services and Markets Act 2000) which it considers to be detrimental to consumers, and</content></level><level class="para1" eId="section-3-7-b"><num>(b)</num><intro>to consider the effect of unsolicited direct marketing on consumers of financial products and services, and, in particular—</intro><level class="para2" eId="section-3-7-b-i"><num>(i)</num><content>from time to time publish an assessment of whether unsolicited direct marketing is, or may be, having a detrimental effect on consumers, and</content></level><level class="para2" eId="section-3-7-b-ii"><num>(ii)</num><content>advise the Secretary of State whether to make regulations under section 22 (unsolicited direct marketing: other consumer financial products <abbr title="Et cetera" xml:lang="la">etc</abbr>).</content></level></level></subsection><subsection eId="section-3-8"><num>(8)</num><content>Where the single financial guidance body provides information, guidance or advice to a person in pursuance of one of the functions mentioned in subsection (1)(a) to (c), it must consider whether the person would benefit from receiving information, guidance or advice in pursuance of any other of those functions (and it must ensure that SFGB delivery partners are under a similar duty).</content></subsection><subsection eId="section-3-9"><num>(9)</num><intro>The strategic function is to develop and co-ordinate a national strategy to improve—</intro><level class="para1" eId="section-3-9-a"><num>(a)</num><content>the financial capability of members of the public,</content></level><level class="para1" eId="section-3-9-b"><num>(b)</num><content>the ability of members of the public to manage debt, and</content></level><level class="para1" eId="section-3-9-c"><num>(c)</num><content>the provision of financial education to children and young people.</content></level></subsection><subsection eId="section-3-10"><num>(10)</num><content>In developing and co-ordinating the national strategy, the single financial guidance body must work with others, such as those in the financial services industry, the devolved authorities and the public and voluntary sectors.</content></subsection></section>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-3-1"><num>(1)</num><intro>The single financial guidance body has the following functions—</intro><level class="para1" eId="section-3-1-a"><num>(a)</num><content>the pensions guidance function;</content></level><level class="para1" eId="section-3-1-b"><num>(b)</num><content>the debt advice function;</content></level><level class="para1" eId="section-3-1-c"><num>(c)</num><content>the money guidance function;</content></level><level class="para1" eId="section-3-1-d"><num>(d)</num><content>the consumer protection function;</content></level><level class="para1" eId="section-3-1-e"><num>(e)</num><content>the strategic function.</content></level></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-3-2"><num>(2)</num><intro>The single financial guidance body also has the function of providing—</intro><level class="para1" eId="section-3-2-a"><num>(a)</num><content>advice and assistance to the Secretary of State on matters relating to the functions listed in subsection (1), and</content></level><level class="para1" eId="section-3-2-b"><num>(b)</num><content>advice to the Secretary of State on the establishment of a debt respite scheme (see section 6).</content></level></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-3-3"><num>(3)</num><content>The single financial guidance body may do anything that is incidental or conducive to the exercise of its functions.</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-3-4"><num>(4)</num><content>The pensions guidance function is to provide, to members of the public, free and impartial information and guidance on matters relating to occupational and personal pensions.</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-3-5"><num>(5)</num><content>The debt advice function is to provide, to members of the public in England, free and impartial information and advice on debt.</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-3-6"><num>(6)</num><content>The money guidance function is to provide, to members of the public, free and impartial information and guidance designed to enhance people's understanding and knowledge of financial matters and their ability to manage their own financial affairs.</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-3-7"><num>(7)</num><intro>The consumer protection function is—</intro><level class="para1" eId="section-3-7-a"><num>(a)</num><content>to notify the FCA where, in the exercise of its other functions, the single financial guidance body becomes aware of practices carried out by FCA-regulated persons (within the meaning of section 139A of the Financial Services and Markets Act 2000) which it considers to be detrimental to consumers, and</content></level><level class="para1" eId="section-3-7-b"><num>(b)</num><intro>to consider the effect of unsolicited direct marketing on consumers of financial products and services, and, in particular—</intro><level class="para2" eId="section-3-7-b-i"><num>(i)</num><content>from time to time publish an assessment of whether unsolicited direct marketing is, or may be, having a detrimental effect on consumers, and</content></level><level class="para2" eId="section-3-7-b-ii"><num>(ii)</num><content>advise the Secretary of State whether to make regulations under section 22 (unsolicited direct marketing: other consumer financial products <abbr title="Et cetera" xml:lang="la">etc</abbr>).</content></level></level></subsection>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-3-7-a"><num>(a)</num><content>to notify the FCA where, in the exercise of its other functions, the single financial guidance body becomes aware of practices carried out by FCA-regulated persons (within the meaning of section 139A of the Financial Services and Markets Act 2000) which it considers to be detrimental to consumers, and</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-3-7-b"><num>(b)</num><intro>to consider the effect of unsolicited direct marketing on consumers of financial products and services, and, in particular—</intro><level class="para2" eId="section-3-7-b-i"><num>(i)</num><content>from time to time publish an assessment of whether unsolicited direct marketing is, or may be, having a detrimental effect on consumers, and</content></level><level class="para2" eId="section-3-7-b-ii"><num>(ii)</num><content>advise the Secretary of State whether to make regulations under section 22 (unsolicited direct marketing: other consumer financial products <abbr title="Et cetera" xml:lang="la">etc</abbr>).</content></level></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-3-8"><num>(8)</num><content>Where the single financial guidance body provides information, guidance or advice to a person in pursuance of one of the functions mentioned in subsection (1)(a) to (c), it must consider whether the person would benefit from receiving information, guidance or advice in pursuance of any other of those functions (and it must ensure that SFGB delivery partners are under a similar duty).</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-3-9"><num>(9)</num><intro>The strategic function is to develop and co-ordinate a national strategy to improve—</intro><level class="para1" eId="section-3-9-a"><num>(a)</num><content>the financial capability of members of the public,</content></level><level class="para1" eId="section-3-9-b"><num>(b)</num><content>the ability of members of the public to manage debt, and</content></level><level class="para1" eId="section-3-9-c"><num>(c)</num><content>the provision of financial education to children and young people.</content></level></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-3-10"><num>(10)</num><content>In developing and co-ordinating the national strategy, the single financial guidance body must work with others, such as those in the financial services industry, the devolved authorities and the public and voluntary sectors.</content></subsection>

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-4"><num>4</num><heading>Specific requirements as to the pensions guidance function</heading><subsection eId="section-4-1"><num>(1)</num><content>As part of its pensions guidance function, the single financial guidance body must provide information and guidance for the purposes of helping a member of a pension scheme, or a survivor of a member of a pension scheme, to make decisions about what to do with the flexible benefits that may be provided to the member or survivor.</content></subsection><subsection eId="section-4-2"><num>(2)</num><intro>In subsection (1)—</intro><level class="para1" eId="section-4-2-a"><num>(a)</num><content>references to a member, or a survivor of a member, of a pension scheme include a member, or a survivor of a member, of a pension scheme for which the <abbr class="acronym" title="Pension Protection Fund">PPF</abbr> has assumed responsibility under Part 2 of the Pensions Act 2004 or Part 3 of the Pensions (Northern Ireland) Order 2005 (<abbr class="acronym" title="Statutory Instrument">S.I.</abbr> 2005/255 (N.I. 1)), but</content></level><level class="para1" eId="section-4-2-b"><num>(b)</num><content>in relation to such a member or survivor, the reference to the flexible benefits that may be provided is to be read as a reference to the money purchase benefits that may be provided by the <abbr class="acronym" title="Pension Protection Fund">PPF</abbr> by virtue of sections 161 and 170 of that Act or Articles 145 and 154 of that Order.</content></level></subsection><subsection eId="section-4-3"><num>(3)</num><intro>In this section—</intro><hcontainer name="definition"><content>“<term refersTo="#term-flexible-benefit" eId="term-flexible-benefit">flexible benefit</term>” has the meaning given by section 74 of the Pension Schemes Act 2015;</content></hcontainer><hcontainer name="definition"><intro>“money purchase benefits”—</intro><level class="para1"><num>(a)</num><content>in relation to England and Wales and Scotland, has the meaning given by section 181(1) of the Pension Schemes Act 1993, and</content></level><level class="para1"><num>(b)</num><content>in relation to Northern Ireland, has the meaning given by section 176(1) of the Pension Schemes (Northern Ireland) Act 1993;</content></level></hcontainer><hcontainer name="definition"><content>“<term refersTo="#term-pension-scheme" eId="term-pension-scheme">pension scheme</term>” has the meaning given by section 1(5) of the Pension Schemes Act 1993;</content></hcontainer><hcontainer name="definition"><content>“<term refersTo="#term-ppf" eId="term-ppf"><abbr class="acronym" title="Pension Protection Fund">PPF</abbr></term>” means the Board of the Pension Protection Fund;</content></hcontainer><hcontainer name="definition"><content>“<term refersTo="#term-survivor" eId="term-survivor">survivor</term>” has the meaning given by section 76(1) of the Pension Schemes Act 2015.</content></hcontainer></subsection></section>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-4-1"><num>(1)</num><content>As part of its pensions guidance function, the single financial guidance body must provide information and guidance for the purposes of helping a member of a pension scheme, or a survivor of a member of a pension scheme, to make decisions about what to do with the flexible benefits that may be provided to the member or survivor.</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-4-2"><num>(2)</num><intro>In subsection (1)—</intro><level class="para1" eId="section-4-2-a"><num>(a)</num><content>references to a member, or a survivor of a member, of a pension scheme include a member, or a survivor of a member, of a pension scheme for which the <abbr class="acronym" title="Pension Protection Fund">PPF</abbr> has assumed responsibility under Part 2 of the Pensions Act 2004 or Part 3 of the Pensions (Northern Ireland) Order 2005 (<abbr class="acronym" title="Statutory Instrument">S.I.</abbr> 2005/255 (N.I. 1)), but</content></level><level class="para1" eId="section-4-2-b"><num>(b)</num><content>in relation to such a member or survivor, the reference to the flexible benefits that may be provided is to be read as a reference to the money purchase benefits that may be provided by the <abbr class="acronym" title="Pension Protection Fund">PPF</abbr> by virtue of sections 161 and 170 of that Act or Articles 145 and 154 of that Order.</content></level></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-4-3"><num>(3)</num><intro>In this section—</intro><hcontainer name="definition"><content>“<term refersTo="#term-flexible-benefit" eId="term-flexible-benefit">flexible benefit</term>” has the meaning given by section 74 of the Pension Schemes Act 2015;</content></hcontainer><hcontainer name="definition"><intro>“money purchase benefits”—</intro><level class="para1"><num>(a)</num><content>in relation to England and Wales and Scotland, has the meaning given by section 181(1) of the Pension Schemes Act 1993, and</content></level><level class="para1"><num>(b)</num><content>in relation to Northern Ireland, has the meaning given by section 176(1) of the Pension Schemes (Northern Ireland) Act 1993;</content></level></hcontainer><hcontainer name="definition"><content>“<term refersTo="#term-pension-scheme" eId="term-pension-scheme">pension scheme</term>” has the meaning given by section 1(5) of the Pension Schemes Act 1993;</content></hcontainer><hcontainer name="definition"><content>“<term refersTo="#term-ppf" eId="term-ppf"><abbr class="acronym" title="Pension Protection Fund">PPF</abbr></term>” means the Board of the Pension Protection Fund;</content></hcontainer><hcontainer name="definition"><content>“<term refersTo="#term-survivor" eId="term-survivor">survivor</term>” has the meaning given by section 76(1) of the Pension Schemes Act 2015.</content></hcontainer></subsection>

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-4-paragraph-18" class="schProv1"><num>18</num><content>The OLC must provide the Treasury and the Lord Chancellor with all such information and other assistance as either of them may reasonably require for the purposes of, or otherwise in connection with, the exercise of their powers under this Part of this Schedule.</content></paragraph>

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-4-paragraph-24" class="schProv1"><num>24</num><intro>A transfer scheme may—</intro><level class="para1" eId="schedule-4-paragraph-24-a"><num>(a)</num><content>contain supplementary, incidental and consequential provision;</content></level><level class="para1" eId="schedule-4-paragraph-24-b"><num>(b)</num><content>make transitory or transitional provision or savings;</content></level><level class="para1" eId="schedule-4-paragraph-24-c"><num>(c)</num><content>make different provision for different purposes;</content></level><level class="para1" eId="schedule-4-paragraph-24-d"><num>(d)</num><content>make provision subject to exceptions.</content></level></paragraph>

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-5-paragraph-8" class="schProv1"><num>8</num><intro>After the making of a regulated claims management activity order, rules which—</intro><level class="para1" eId="schedule-5-paragraph-8-a"><num>(a)</num><content>were made by the Regulator by virtue of provision in or under Part 2 of the Compensation Act 2006, and</content></level><level class="para1" eId="schedule-5-paragraph-8-b"><num>(b)</num><content>are designated by the FCA,</content></level><wrapUp>are to be treated as having been made by the FCA by virtue of comparable provision in the Financial Services and Markets Act 2000.</wrapUp></paragraph>

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-5-paragraph-14" class="schProv1"><num>14</num><intro>In this Schedule—</intro><hcontainer name="definition"><content>“<term refersTo="#term-the-fca" eId="term-the-fca">the FCA</term>” means the Financial Conduct Authority;</content></hcontainer><hcontainer name="definition"><content>“<term refersTo="#term-the-fos" eId="term-the-fos">the FOS</term>” means the body corporate which administers the ombudsman scheme provided for in Part 16 of the Financial Services and Markets Act 2000 (see section 225 of that Act);</content></hcontainer><hcontainer name="definition"><content>“<term refersTo="#term-the-olc" eId="term-the-olc">the OLC</term>” means the Office for Legal Complaints established by section 114 of the Legal Services Act 2007;</content></hcontainer><hcontainer name="definition"><content>“<term refersTo="#term-the-regulator" eId="term-the-regulator">the Regulator</term>” means the person designated under section 5(1) of the Compensation Act 2006 or, if no person is so designated, the Secretary of State;</content></hcontainer><hcontainer name="definition"><content>“<term refersTo="#term-regulated-claims-management-activity-order" eId="term-regulated-claims-management-activity-order">regulated claims management activity order</term>” has the meaning given in paragraph 1(b).</content></hcontainer></paragraph>

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-4-paragraph-19" class="schProv1"><num>19</num><content>Paragraph 18 is subject to any express restriction on disclosure imposed by the data protection legislation (ignoring any restriction which allows disclosure if authorised by an enactment).</content></paragraph>

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-5-paragraph-9" class="schProv1"><num>9</num><content>The rules may be modified by the FCA.</content></paragraph>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1"><num>(e)</num><content>a licensed legal services provider within the meaning of Part 2 of the Legal Services (Scotland) Act 2010 (see section 47 of that Act) that provides, or offers to provide, legal services under a licence issued by the Law Society of Scotland;</content></level>

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" name="crossheading" class="schGroup7"><heading>House of Commons Disqualification Act <ref eId="c00015" href="http://www.legislation.gov.uk/id/ukpga/1975/24">1975 (c. 24)</ref></heading><paragraph eId="schedule-3-paragraph-3" class="schProv1"><num>3</num><content><mod>In Part 2 of Schedule 1 to the House of Commons Disqualification Act 1975 (bodies of which all members are disqualified), at the appropriate place insert—<quotedStructure startQuote="“" endQuote="”" uk:context="schedule" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="schedule" ukl:Format="double"><blockList class="unordered none" ukl:Name="UnorderedList" ukl:Decoration="none"><item>The single financial guidance body.</item></blockList></quotedStructure></mod></content></paragraph></hcontainer>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para1"><num>(a)</num><content><ins ukl:ChangeId="key-d6c101b8675139a6fc1b5883bc259c93-1637526400084" ukl:CommentaryRef="key-d6c101b8675139a6fc1b5883bc259c93">a pensions dashboard service within the meaning of section 238A of the Pensions Act 2004, or</ins></content></level>

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-1-paragraph-2" class="schProv1"><num>2</num><subparagraph eId="schedule-1-paragraph-2-1"><num>(1)</num><intro>The single financial guidance body is to consist of—</intro><level class="para1" eId="schedule-1-paragraph-2-1-a"><num>(a)</num><content>a chair (who is to be a non-executive member of the body) appointed by the Secretary of State,</content></level><level class="para1" eId="schedule-1-paragraph-2-1-b"><num>(b)</num><content>other non-executive members appointed by the Secretary of State, and</content></level><level class="para1" eId="schedule-1-paragraph-2-1-c"><num>(c)</num><content>executive members, appointed in accordance with paragraph 6.</content></level></subparagraph><subparagraph eId="schedule-1-paragraph-2-2"><num>(2)</num><content>The Secretary of State and the non-executive members must ensure, so far as practicable, that the number of non-executive members is at all times greater than the number of executive members.</content></subparagraph></paragraph>

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-1-paragraph-7" class="schProv1"><num>7</num><subparagraph eId="schedule-1-paragraph-7-1"><num>(1)</num><content>The executive members are to be employees of the single financial guidance body.</content></subparagraph><subparagraph eId="schedule-1-paragraph-7-2"><num>(2)</num><content>Executive members appointed under paragraph 6(1) are to be employed by the single financial guidance body on such terms and conditions, including those as to remuneration, as the Secretary of State may determine.</content></subparagraph><subparagraph eId="schedule-1-paragraph-7-3"><num>(3)</num><content>Executive members appointed under paragraph 6(2) are to be employed by the single financial guidance body on such terms and conditions, including those as to remuneration, as the body may determine, with the approval of the Secretary of State.</content></subparagraph><subparagraph eId="schedule-1-paragraph-7-4"><num>(4)</num><intro>The single financial guidance body must—</intro><level class="para1" eId="schedule-1-paragraph-7-4-a"><num>(a)</num><content>pay to or in respect of the executive members such pensions, allowances and gratuities, or</content></level><level class="para1" eId="schedule-1-paragraph-7-4-b"><num>(b)</num><content>provide and maintain for them such pension schemes (whether contributory or not),</content></level><wrapUp>as the body may determine, with the approval of the Secretary of State.</wrapUp></subparagraph></paragraph>

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-1-paragraph-10" class="schProv1"><num>10</num><subparagraph eId="schedule-1-paragraph-10-1"><num>(1)</num><intro>The single financial guidance body may delegate any function conferred on it to—</intro><level class="para1" eId="schedule-1-paragraph-10-1-a"><num>(a)</num><content>a committee,</content></level><level class="para1" eId="schedule-1-paragraph-10-1-b"><num>(b)</num><content>a member, or</content></level><level class="para1" eId="schedule-1-paragraph-10-1-c"><num>(c)</num><content>an employee.</content></level></subparagraph><subparagraph eId="schedule-1-paragraph-10-2"><num>(2)</num><intro>A committee may delegate any function conferred on it to—</intro><level class="para1" eId="schedule-1-paragraph-10-2-a"><num>(a)</num><content>a sub-committee,</content></level><level class="para1" eId="schedule-1-paragraph-10-2-b"><num>(b)</num><content>a member of the committee,</content></level><level class="para1" eId="schedule-1-paragraph-10-2-c"><num>(c)</num><content>a member of the single financial guidance body, or</content></level><level class="para1" eId="schedule-1-paragraph-10-2-d"><num>(d)</num><content>an employee of the single financial guidance body.</content></level></subparagraph></paragraph>

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-1-paragraph-13" class="schProv1"><num>13</num><subparagraph eId="schedule-1-paragraph-13-1"><num>(1)</num><intro>The application of the single financial guidance body's seal must be authenticated by the signature of—</intro><level class="para1" eId="schedule-1-paragraph-13-1-a"><num>(a)</num><content>a member of the single financial guidance body, or</content></level><level class="para1" eId="schedule-1-paragraph-13-1-b"><num>(b)</num><content>some other person who has been authorised by the single financial guidance body for that purpose (whether generally or specifically).</content></level></subparagraph><subparagraph eId="schedule-1-paragraph-13-2"><num>(2)</num><content>A document appearing to be duly sealed or signed on behalf of the single financial guidance body is to be received in evidence and, unless the contrary is proved, is to be taken to be duly signed or sealed.</content></subparagraph><subparagraph eId="schedule-1-paragraph-13-3"><num>(3)</num><content>This paragraph does not apply to Scotland.</content></subparagraph></paragraph>

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-2-paragraph-2" class="schProv1"><num>2</num><subparagraph eId="schedule-2-paragraph-2-1"><num>(1)</num><intro>A scheme under this Schedule may, in particular, make provision—</intro><level class="para1" eId="schedule-2-paragraph-2-1-a"><num>(a)</num><content>for anything done by or in relation to the transferor in connection with any property, rights or liabilities transferred by the scheme to be treated as done, or to be continued, by or in relation to the transferee;</content></level><level class="para1" eId="schedule-2-paragraph-2-1-b"><num>(b)</num><content>for references (however expressed) to the transferor in any agreement, instrument or other document relating to property, rights or liabilities transferred by the scheme to be treated as references to the transferee;</content></level><level class="para1" eId="schedule-2-paragraph-2-1-c"><num>(c)</num><content>about the continuation of legal proceedings;</content></level><level class="para1" eId="schedule-2-paragraph-2-1-d"><num>(d)</num><content>for transferring property, rights or liabilities which could not otherwise be transferred or assigned;</content></level><level class="para1" eId="schedule-2-paragraph-2-1-e"><num>(e)</num><content>for transferring property, rights or liabilities irrespective of any requirement for consent which would otherwise apply;</content></level><level class="para1" eId="schedule-2-paragraph-2-1-f"><num>(f)</num><content>for preventing a right of pre-emption, right of reverter, right of forfeiture, right to compensation or other similar right from arising or becoming exercisable as a result of the transfer of property, rights or liabilities;</content></level><level class="para1" eId="schedule-2-paragraph-2-1-g"><num>(g)</num><content>for dispensing with any formality in relation to the transfer of property, rights or liabilities by the scheme;</content></level><level class="para1" eId="schedule-2-paragraph-2-1-h"><num>(h)</num><content>for transferring property acquired, or rights or liabilities arising, after the scheme is made but before it takes effect;</content></level><level class="para1" eId="schedule-2-paragraph-2-1-i"><num>(i)</num><content>for apportioning property, rights or liabilities;</content></level><level class="para1" eId="schedule-2-paragraph-2-1-j"><num>(j)</num><content>for creating rights, or imposing liabilities, in connection with property, rights or liabilities transferred by the scheme;</content></level><level class="para1" eId="schedule-2-paragraph-2-1-k"><num>(k)</num><content>for requiring the transferee to enter into any agreement of any kind, or for a purpose, specified in or determined in accordance with the scheme;</content></level><level class="para1" eId="schedule-2-paragraph-2-1-l"><num>(l)</num><content>that is the same as or similar to provision made by the Transfer of Undertakings (Protection of Employment) Regulations 2006 (<abbr class="acronym" title="Statutory Instrument">S.I.</abbr> 2006/246), if those Regulations do not apply to the transfer.</content></level></subparagraph><subparagraph eId="schedule-2-paragraph-2-2"><num>(2)</num><intro>Sub-paragraph (1)(b) does not apply to references in any of the following—</intro><level class="para1" eId="schedule-2-paragraph-2-2-a"><num>(a)</num><content>an Act of Parliament;</content></level><level class="para1" eId="schedule-2-paragraph-2-2-b"><num>(b)</num><content>an Act of the Scottish Parliament;</content></level><level class="para1" eId="schedule-2-paragraph-2-2-c"><num>(c)</num><content>an Act or Measure of the National Assembly for Wales;</content></level><level class="para1" eId="schedule-2-paragraph-2-2-d"><num>(d)</num><content>Northern Ireland legislation;</content></level><level class="para1" eId="schedule-2-paragraph-2-2-e"><num>(e)</num><content>subordinate legislation within the meaning of the Interpretation Act 1978 (see section 21(1) of that Act);</content></level><level class="para1" eId="schedule-2-paragraph-2-2-f"><num>(f)</num><content>an instrument made under legislation of the kind mentioned in paragraph (b), (c) or (d).</content></level></subparagraph><subparagraph eId="schedule-2-paragraph-2-3"><num>(3)</num><content>In sub-paragraph (1)(b), “<term refersTo="#term-agreement" eId="term-agreement">agreement</term>” includes an agreement that is not in writing.</content></subparagraph></paragraph>

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-3-paragraph-3" class="schProv1"><num>3</num><content><mod>In Part 2 of Schedule 1 to the House of Commons Disqualification Act 1975 (bodies of which all members are disqualified), at the appropriate place insert— <quotedText>“ The single financial guidance body. ”</quotedText></mod></content></paragraph>

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-3-paragraph-28" class="schProv1"><num>28</num><content>The Financial Services Act 2012 is amended as follows.</content></paragraph>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1"><num>(b)</num><content>the commencement, prosecution and defence of such proceedings;</content></level>

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-3-paragraph-29" class="schProv1"><num>29</num><content>Omit section 45 and Schedule 15 (the consumer financial education body).</content></paragraph>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="schedule-3-paragraph-30-a"><num>(a)</num><content><mod>in subsection (2)(a), after “legislative functions” insert <quotedText>“ and its standards review functions ”</quotedText>;</mod></content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="schedule-3-paragraph-30-b"><num>(b)</num><intro>in subsection (4)—</intro><level class="para2" eId="schedule-3-paragraph-30-b-i"><num>(i)</num><content><mod>in paragraph (c)(i), for “, 312J or 333K” substitute <quotedText>“ or 312J ”</quotedText>;</mod></content></level><level class="para2" eId="schedule-3-paragraph-30-b-ii"><num>(ii)</num><content>in paragraph (e), omit “or 333P(9)”;</content></level><level class="para2" eId="schedule-3-paragraph-30-b-iii"><num>(iii)</num><content>omit paragraph (f).</content></level></level>

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-5"><num>5</num><heading>Delegation of functions to delivery partner organisations</heading><subsection eId="section-5-1"><num>(1)</num><intro>The single financial guidance body may arrange for another person (a “primary SFGB delivery partner”) to carry out any of the following functions on its behalf—</intro><level class="para1" eId="section-5-1-a"><num>(a)</num><content>the pensions guidance function;</content></level><level class="para1" eId="section-5-1-b"><num>(b)</num><content>the debt advice function;</content></level><level class="para1" eId="section-5-1-c"><num>(c)</num><content>the money guidance function.</content></level></subsection><subsection eId="section-5-2"><num>(2)</num><content>A primary SFGB delivery partner may arrange for another person (a “secondary SFGB delivery partner”) to carry out any of the functions it is carrying out on behalf of the single financial guidance body.</content></subsection><subsection eId="section-5-3"><num>(3)</num><content>A secondary SFGB delivery partner may arrange for another person to carry out any of the functions it is carrying out on behalf of the single financial guidance body, but only with the consent of the single financial guidance body.</content></subsection><subsection eId="section-5-4"><num>(4)</num><content>Arrangements under this section may include provision as to payment to the SFGB delivery partner.</content></subsection><subsection eId="section-5-5"><num>(5)</num><content>Arrangements under this section must include provision requiring an SFGB delivery partner to disclose information to the single financial guidance body or the FCA when requested to do so to enable the single financial guidance body or the FCA to exercise the functions set out in section 10 (monitoring and enforcement of standards).</content></subsection></section>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-5-1"><num>(1)</num><intro>The single financial guidance body may arrange for another person (a “primary SFGB delivery partner”) to carry out any of the following functions on its behalf—</intro><level class="para1" eId="section-5-1-a"><num>(a)</num><content>the pensions guidance function;</content></level><level class="para1" eId="section-5-1-b"><num>(b)</num><content>the debt advice function;</content></level><level class="para1" eId="section-5-1-c"><num>(c)</num><content>the money guidance function.</content></level></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-5-2"><num>(2)</num><content>A primary SFGB delivery partner may arrange for another person (a “secondary SFGB delivery partner”) to carry out any of the functions it is carrying out on behalf of the single financial guidance body.</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-5-3"><num>(3)</num><content>A secondary SFGB delivery partner may arrange for another person to carry out any of the functions it is carrying out on behalf of the single financial guidance body, but only with the consent of the single financial guidance body.</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-5-4"><num>(4)</num><content>Arrangements under this section may include provision as to payment to the SFGB delivery partner.</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-5-5"><num>(5)</num><content>Arrangements under this section must include provision requiring an SFGB delivery partner to disclose information to the single financial guidance body or the FCA when requested to do so to enable the single financial guidance body or the FCA to exercise the functions set out in section 10 (monitoring and enforcement of standards).</content></subsection>

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" eId="section-4A"><num><ins class="first" ukl:ChangeId="key-d6c101b8675139a6fc1b5883bc259c93-1637526400084" ukl:CommentaryRef="key-d6c101b8675139a6fc1b5883bc259c93"><noteRef uk:name="commentary" href="#key-d6c101b8675139a6fc1b5883bc259c93" class="commentary"/>4A</ins></num><heading><ins ukl:ChangeId="key-d6c101b8675139a6fc1b5883bc259c93-1637526400084" ukl:CommentaryRef="key-d6c101b8675139a6fc1b5883bc259c93">Specific functions included in the pensions guidance function</ins></heading><subsection eId="section-4A-1"><num><ins ukl:ChangeId="key-d6c101b8675139a6fc1b5883bc259c93-1637526400084" ukl:CommentaryRef="key-d6c101b8675139a6fc1b5883bc259c93">(1)</ins></num><intro><ins ukl:ChangeId="key-d6c101b8675139a6fc1b5883bc259c93-1637526400084" ukl:CommentaryRef="key-d6c101b8675139a6fc1b5883bc259c93">The single financial guidance body must provide a pensions dashboard service by means of which—</ins></intro><level class="para1" eId="section-4A-1-a"><num><ins ukl:ChangeId="key-d6c101b8675139a6fc1b5883bc259c93-1637526400084" ukl:CommentaryRef="key-d6c101b8675139a6fc1b5883bc259c93">(a)</ins></num><intro><ins ukl:ChangeId="key-d6c101b8675139a6fc1b5883bc259c93-1637526400084" ukl:CommentaryRef="key-d6c101b8675139a6fc1b5883bc259c93">information that the trustees or managers of a relevant occupational pension scheme are required to provide by—</ins></intro><level class="para2" eId="section-4A-1-a-i"><num><ins ukl:ChangeId="key-d6c101b8675139a6fc1b5883bc259c93-1637526400084" ukl:CommentaryRef="key-d6c101b8675139a6fc1b5883bc259c93">(i)</ins></num><content><ins ukl:ChangeId="key-d6c101b8675139a6fc1b5883bc259c93-1637526400084" ukl:CommentaryRef="key-d6c101b8675139a6fc1b5883bc259c93">regulations under section 238D(1)(a)(ii) of the Pensions Act 2004, or</ins></content></level><level class="para2" eId="section-4A-1-a-ii"><num><ins ukl:ChangeId="key-d6c101b8675139a6fc1b5883bc259c93-1637526400084" ukl:CommentaryRef="key-d6c101b8675139a6fc1b5883bc259c93">(ii)</ins></num><content><ins ukl:ChangeId="key-d6c101b8675139a6fc1b5883bc259c93-1637526400084" ukl:CommentaryRef="key-d6c101b8675139a6fc1b5883bc259c93">regulations under Article 215D(1)(a)(ii) of the Pensions (Northern Ireland) Order 2005 (S.I. 2005/255 (N.I. 1)), and</ins></content></level></level><level class="para1" eId="section-4A-1-b"><num><ins ukl:ChangeId="key-d6c101b8675139a6fc1b5883bc259c93-1637526400084" ukl:CommentaryRef="key-d6c101b8675139a6fc1b5883bc259c93">(b)</ins></num><content><ins ukl:ChangeId="key-d6c101b8675139a6fc1b5883bc259c93-1637526400084" ukl:CommentaryRef="key-d6c101b8675139a6fc1b5883bc259c93">information that specified authorised persons are required to provide by general rules under section 137FAA(1)(a)(ii) of the Financial Services and Markets Act 2000,</ins></content></level><wrapUp><ins ukl:ChangeId="key-d6c101b8675139a6fc1b5883bc259c93-1637526400084" ukl:CommentaryRef="key-d6c101b8675139a6fc1b5883bc259c93">may be requested by, and provided to, an individual or a person authorised by the individual.</ins></wrapUp></subsection><subsection eId="section-4A-2"><num><ins ukl:ChangeId="key-d6c101b8675139a6fc1b5883bc259c93-1637526400084" ukl:CommentaryRef="key-d6c101b8675139a6fc1b5883bc259c93">(2)</ins></num><intro><ins ukl:ChangeId="key-d6c101b8675139a6fc1b5883bc259c93-1637526400084" ukl:CommentaryRef="key-d6c101b8675139a6fc1b5883bc259c93">The single financial guidance body may, by means of its pensions dashboard service, provide information about—</ins></intro><level class="para1" eId="section-4A-2-a"><num><ins ukl:ChangeId="key-d6c101b8675139a6fc1b5883bc259c93-1637526400084" ukl:CommentaryRef="key-d6c101b8675139a6fc1b5883bc259c93">(a)</ins></num><content><ins ukl:ChangeId="key-d6c101b8675139a6fc1b5883bc259c93-1637526400084" ukl:CommentaryRef="key-d6c101b8675139a6fc1b5883bc259c93">state pensions,</ins></content></level><level class="para1" eId="section-4A-2-b"><num><ins ukl:ChangeId="key-d6c101b8675139a6fc1b5883bc259c93-1637526400084" ukl:CommentaryRef="key-d6c101b8675139a6fc1b5883bc259c93">(b)</ins></num><content><ins ukl:ChangeId="key-d6c101b8675139a6fc1b5883bc259c93-1637526400084" ukl:CommentaryRef="key-d6c101b8675139a6fc1b5883bc259c93">basic and additional retirement pensions, </ins><ins ukl:ChangeId="key-d6c101b8675139a6fc1b5883bc259c93-1637526400084" ukl:CommentaryRef="key-d6c101b8675139a6fc1b5883bc259c93"><noteRef href="#key-3fdc86694282968be68f63a0ac6bfdea" uk:name="commentary" ukl:Name="CommentaryRef" class="commentary"/>...</ins></content></level><level class="para1" eId="section-4A-2-c"><num><ins ukl:ChangeId="key-d6c101b8675139a6fc1b5883bc259c93-1637526400084" ukl:CommentaryRef="key-d6c101b8675139a6fc1b5883bc259c93">(c)</ins></num><content><ins ukl:ChangeId="key-d6c101b8675139a6fc1b5883bc259c93-1637526400084" ukl:CommentaryRef="key-d6c101b8675139a6fc1b5883bc259c93">state pension information relating to an individual.</ins></content></level><level class="para1" eId="section-4A-2-d"><num><ins ukl:ChangeId="key-d6c101b8675139a6fc1b5883bc259c93-1637526400084" ukl:CommentaryRef="key-d6c101b8675139a6fc1b5883bc259c93"><ins class="first" ukl:ChangeId="key-45f13b9eb3b388a31f9615db2b2f4819-1780502338607" ukl:CommentaryRef="key-45f13b9eb3b388a31f9615db2b2f4819"><noteRef uk:name="commentary" href="#key-45f13b9eb3b388a31f9615db2b2f4819" class="commentary"/>(d)</ins></ins></num><content><ins ukl:ChangeId="key-d6c101b8675139a6fc1b5883bc259c93-1637526400084" ukl:CommentaryRef="key-d6c101b8675139a6fc1b5883bc259c93"><ins ukl:ChangeId="key-45f13b9eb3b388a31f9615db2b2f4819-1780502338607" ukl:CommentaryRef="key-45f13b9eb3b388a31f9615db2b2f4819">the Pension Protection Fund, including information relating to an individual, and</ins></ins></content></level><level class="para1" eId="section-4A-2-e"><num><ins ukl:ChangeId="key-d6c101b8675139a6fc1b5883bc259c93-1637526400084" ukl:CommentaryRef="key-d6c101b8675139a6fc1b5883bc259c93"><ins ukl:ChangeId="key-45f13b9eb3b388a31f9615db2b2f4819-1780502338607" ukl:CommentaryRef="key-45f13b9eb3b388a31f9615db2b2f4819">(e)</ins></ins></num><content><ins ukl:ChangeId="key-d6c101b8675139a6fc1b5883bc259c93-1637526400084" ukl:CommentaryRef="key-d6c101b8675139a6fc1b5883bc259c93"><ins class="last" ukl:ChangeId="key-45f13b9eb3b388a31f9615db2b2f4819-1780502338607" ukl:CommentaryRef="key-45f13b9eb3b388a31f9615db2b2f4819">the financial assistance scheme, including information relating to an individual.</ins></ins></content></level></subsection><subsection eId="section-4A-3"><num><ins ukl:ChangeId="key-d6c101b8675139a6fc1b5883bc259c93-1637526400084" ukl:CommentaryRef="key-d6c101b8675139a6fc1b5883bc259c93">(3)</ins></num><intro><ins ukl:ChangeId="key-d6c101b8675139a6fc1b5883bc259c93-1637526400084" ukl:CommentaryRef="key-d6c101b8675139a6fc1b5883bc259c93">The single financial guidance body may carry out other functions relating to pensions dashboard services, including functions for which provision is made by—</ins></intro><level class="para1" eId="section-4A-3-a"><num><ins ukl:ChangeId="key-d6c101b8675139a6fc1b5883bc259c93-1637526400084" ukl:CommentaryRef="key-d6c101b8675139a6fc1b5883bc259c93">(a)</ins></num><content><ins ukl:ChangeId="key-d6c101b8675139a6fc1b5883bc259c93-1637526400084" ukl:CommentaryRef="key-d6c101b8675139a6fc1b5883bc259c93">regulations under section 238A of the Pensions Act 2004 or Article 215A of the Pensions (Northern Ireland) Order 2005 (qualifying pensions dashboard services),</ins></content></level><level class="para1" eId="section-4A-3-b"><num><ins ukl:ChangeId="key-d6c101b8675139a6fc1b5883bc259c93-1637526400084" ukl:CommentaryRef="key-d6c101b8675139a6fc1b5883bc259c93">(b)</ins></num><content><ins ukl:ChangeId="key-d6c101b8675139a6fc1b5883bc259c93-1637526400084" ukl:CommentaryRef="key-d6c101b8675139a6fc1b5883bc259c93">regulations under section 238D of the Pensions Act 2004 or Article 215D of the Pensions (Northern Ireland) Order 2005 (information from occupational pension schemes), or</ins></content></level><level class="para1" eId="section-4A-3-c"><num><ins ukl:ChangeId="key-d6c101b8675139a6fc1b5883bc259c93-1637526400084" ukl:CommentaryRef="key-d6c101b8675139a6fc1b5883bc259c93">(c)</ins></num><content><ins ukl:ChangeId="key-d6c101b8675139a6fc1b5883bc259c93-1637526400084" ukl:CommentaryRef="key-d6c101b8675139a6fc1b5883bc259c93">general rules under section 137FAA of the Financial Services and Markets Act 2000 (information from personal or stakeholder pension schemes).</ins></content></level></subsection><subsection eId="section-4A-4"><num><ins ukl:ChangeId="key-d6c101b8675139a6fc1b5883bc259c93-1637526400084" ukl:CommentaryRef="key-d6c101b8675139a6fc1b5883bc259c93">(4)</ins></num><content><ins ukl:ChangeId="key-d6c101b8675139a6fc1b5883bc259c93-1637526400084" ukl:CommentaryRef="key-d6c101b8675139a6fc1b5883bc259c93">The functions of the single financial guidance body referred to in subsections (1) to (3) are part of its pensions guidance function.</ins></content></subsection><subsection eId="section-4A-5"><num><ins ukl:ChangeId="key-d6c101b8675139a6fc1b5883bc259c93-1637526400084" ukl:CommentaryRef="key-d6c101b8675139a6fc1b5883bc259c93">(5)</ins></num><content><ins ukl:ChangeId="key-d6c101b8675139a6fc1b5883bc259c93-1637526400084" ukl:CommentaryRef="key-d6c101b8675139a6fc1b5883bc259c93">Subsections (1) to (4) are without prejudice to sections 3(4) and (8) and 4.</ins></content></subsection><subsection eId="section-4A-6"><num><ins ukl:ChangeId="key-d6c101b8675139a6fc1b5883bc259c93-1637526400084" ukl:CommentaryRef="key-d6c101b8675139a6fc1b5883bc259c93">(6)</ins></num><intro><ins ukl:ChangeId="key-d6c101b8675139a6fc1b5883bc259c93-1637526400084" ukl:CommentaryRef="key-d6c101b8675139a6fc1b5883bc259c93">In this section—</ins></intro><hcontainer name="definition"><content> <ins ukl:ChangeId="key-d6c101b8675139a6fc1b5883bc259c93-1637526400084" ukl:CommentaryRef="key-d6c101b8675139a6fc1b5883bc259c93"><ins class="first" ukl:ChangeId="key-9981caa08f93a4ffc19d84c71a12f3a1-1780502414331" ukl:CommentaryRef="key-9981caa08f93a4ffc19d84c71a12f3a1"><noteRef uk:name="commentary" href="#key-9981caa08f93a4ffc19d84c71a12f3a1" class="commentary"/>“</ins></ins><term refersTo="#term-financial-assistance-scheme"><ins ukl:ChangeId="key-d6c101b8675139a6fc1b5883bc259c93-1637526400084" ukl:CommentaryRef="key-d6c101b8675139a6fc1b5883bc259c93"><ins ukl:ChangeId="key-9981caa08f93a4ffc19d84c71a12f3a1-1780502414331" ukl:CommentaryRef="key-9981caa08f93a4ffc19d84c71a12f3a1">financial assistance scheme</ins></ins></term><ins ukl:ChangeId="key-d6c101b8675139a6fc1b5883bc259c93-1637526400084" ukl:CommentaryRef="key-d6c101b8675139a6fc1b5883bc259c93"><ins class="last" ukl:ChangeId="key-9981caa08f93a4ffc19d84c71a12f3a1-1780502414331" ukl:CommentaryRef="key-9981caa08f93a4ffc19d84c71a12f3a1">” means the scheme provided for by regulations under section 286 of the Pensions Act 2004 (financial assistance scheme for members of certain pension schemes);</ins></ins> </content></hcontainer><hcontainer name="definition"><intro><ins ukl:ChangeId="key-d6c101b8675139a6fc1b5883bc259c93-1637526400084" ukl:CommentaryRef="key-d6c101b8675139a6fc1b5883bc259c93">“</ins><term refersTo="#term-pensions-dashboard-service"><ins ukl:ChangeId="key-d6c101b8675139a6fc1b5883bc259c93-1637526400084" ukl:CommentaryRef="key-d6c101b8675139a6fc1b5883bc259c93">pensions dashboard service</ins></term><ins ukl:ChangeId="key-d6c101b8675139a6fc1b5883bc259c93-1637526400084" ukl:CommentaryRef="key-d6c101b8675139a6fc1b5883bc259c93">” means—</ins></intro><level class="para1"><num>(a)</num><content><ins ukl:ChangeId="key-d6c101b8675139a6fc1b5883bc259c93-1637526400084" ukl:CommentaryRef="key-d6c101b8675139a6fc1b5883bc259c93">a pensions dashboard service within the meaning of section 238A of the Pensions Act 2004, or</ins></content></level><level class="para1"><num>(b)</num><content><ins ukl:ChangeId="key-d6c101b8675139a6fc1b5883bc259c93-1637526400084" ukl:CommentaryRef="key-d6c101b8675139a6fc1b5883bc259c93">a pensions dashboard service within the meaning of Article 215A of the Pensions (Northern Ireland) Order 2005 (S.I. 2005/255 (N.I. 1));</ins></content></level></hcontainer><hcontainer name="definition"><intro><ins ukl:ChangeId="key-d6c101b8675139a6fc1b5883bc259c93-1637526400084" ukl:CommentaryRef="key-d6c101b8675139a6fc1b5883bc259c93">“</ins><term refersTo="#term-relevant-occupational-pension-scheme"><ins ukl:ChangeId="key-d6c101b8675139a6fc1b5883bc259c93-1637526400084" ukl:CommentaryRef="key-d6c101b8675139a6fc1b5883bc259c93">relevant occupational pension scheme</ins></term><ins ukl:ChangeId="key-d6c101b8675139a6fc1b5883bc259c93-1637526400084" ukl:CommentaryRef="key-d6c101b8675139a6fc1b5883bc259c93">” has the meaning given by—</ins></intro><level class="para1"><num>(a)</num><content><ins ukl:ChangeId="key-d6c101b8675139a6fc1b5883bc259c93-1637526400084" ukl:CommentaryRef="key-d6c101b8675139a6fc1b5883bc259c93">section 238F of the Pensions Act 2004, in relation to England and Wales and Scotland, and</ins></content></level><level class="para1"><num>(b)</num><content><ins ukl:ChangeId="key-d6c101b8675139a6fc1b5883bc259c93-1637526400084" ukl:CommentaryRef="key-d6c101b8675139a6fc1b5883bc259c93">Article 215F of the Pensions (Northern Ireland) Order 2005, in relation to Northern Ireland;</ins></content></level></hcontainer><hcontainer name="definition"><content><ins ukl:ChangeId="key-d6c101b8675139a6fc1b5883bc259c93-1637526400084" ukl:CommentaryRef="key-d6c101b8675139a6fc1b5883bc259c93">“</ins><term refersTo="#term-specified-authorised-person"><ins ukl:ChangeId="key-d6c101b8675139a6fc1b5883bc259c93-1637526400084" ukl:CommentaryRef="key-d6c101b8675139a6fc1b5883bc259c93">specified authorised person</ins></term><ins ukl:ChangeId="key-d6c101b8675139a6fc1b5883bc259c93-1637526400084" ukl:CommentaryRef="key-d6c101b8675139a6fc1b5883bc259c93">” has the meaning given by section 137FAC of the Financial Services and Markets Act 2000;</ins></content></hcontainer><hcontainer name="definition"><content><ins class="last" ukl:ChangeId="key-d6c101b8675139a6fc1b5883bc259c93-1637526400084" ukl:CommentaryRef="key-d6c101b8675139a6fc1b5883bc259c93">“state pension”, “basic retirement pension”, “additional retirement pension” and “state pension information” have the meaning given by section 238C of the Pensions Act 2004.</ins></content></hcontainer></subsection></section>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-4A-1"><num><ins ukl:ChangeId="key-d6c101b8675139a6fc1b5883bc259c93-1637526400084" ukl:CommentaryRef="key-d6c101b8675139a6fc1b5883bc259c93">(1)</ins></num><intro><ins ukl:ChangeId="key-d6c101b8675139a6fc1b5883bc259c93-1637526400084" ukl:CommentaryRef="key-d6c101b8675139a6fc1b5883bc259c93">The single financial guidance body must provide a pensions dashboard service by means of which—</ins></intro><level class="para1" eId="section-4A-1-a"><num><ins ukl:ChangeId="key-d6c101b8675139a6fc1b5883bc259c93-1637526400084" ukl:CommentaryRef="key-d6c101b8675139a6fc1b5883bc259c93">(a)</ins></num><intro><ins ukl:ChangeId="key-d6c101b8675139a6fc1b5883bc259c93-1637526400084" ukl:CommentaryRef="key-d6c101b8675139a6fc1b5883bc259c93">information that the trustees or managers of a relevant occupational pension scheme are required to provide by—</ins></intro><level class="para2" eId="section-4A-1-a-i"><num><ins ukl:ChangeId="key-d6c101b8675139a6fc1b5883bc259c93-1637526400084" ukl:CommentaryRef="key-d6c101b8675139a6fc1b5883bc259c93">(i)</ins></num><content><ins ukl:ChangeId="key-d6c101b8675139a6fc1b5883bc259c93-1637526400084" ukl:CommentaryRef="key-d6c101b8675139a6fc1b5883bc259c93">regulations under section 238D(1)(a)(ii) of the Pensions Act 2004, or</ins></content></level><level class="para2" eId="section-4A-1-a-ii"><num><ins ukl:ChangeId="key-d6c101b8675139a6fc1b5883bc259c93-1637526400084" ukl:CommentaryRef="key-d6c101b8675139a6fc1b5883bc259c93">(ii)</ins></num><content><ins ukl:ChangeId="key-d6c101b8675139a6fc1b5883bc259c93-1637526400084" ukl:CommentaryRef="key-d6c101b8675139a6fc1b5883bc259c93">regulations under Article 215D(1)(a)(ii) of the Pensions (Northern Ireland) Order 2005 (S.I. 2005/255 (N.I. 1)), and</ins></content></level></level><level class="para1" eId="section-4A-1-b"><num><ins ukl:ChangeId="key-d6c101b8675139a6fc1b5883bc259c93-1637526400084" ukl:CommentaryRef="key-d6c101b8675139a6fc1b5883bc259c93">(b)</ins></num><content><ins ukl:ChangeId="key-d6c101b8675139a6fc1b5883bc259c93-1637526400084" ukl:CommentaryRef="key-d6c101b8675139a6fc1b5883bc259c93">information that specified authorised persons are required to provide by general rules under section 137FAA(1)(a)(ii) of the Financial Services and Markets Act 2000,</ins></content></level><wrapUp><ins ukl:ChangeId="key-d6c101b8675139a6fc1b5883bc259c93-1637526400084" ukl:CommentaryRef="key-d6c101b8675139a6fc1b5883bc259c93">may be requested by, and provided to, an individual or a person authorised by the individual.</ins></wrapUp></subsection>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para1" eId="section-4A-1-a"><num><ins ukl:ChangeId="key-d6c101b8675139a6fc1b5883bc259c93-1637526400084" ukl:CommentaryRef="key-d6c101b8675139a6fc1b5883bc259c93">(a)</ins></num><intro><ins ukl:ChangeId="key-d6c101b8675139a6fc1b5883bc259c93-1637526400084" ukl:CommentaryRef="key-d6c101b8675139a6fc1b5883bc259c93">information that the trustees or managers of a relevant occupational pension scheme are required to provide by—</ins></intro><level class="para2" eId="section-4A-1-a-i"><num><ins ukl:ChangeId="key-d6c101b8675139a6fc1b5883bc259c93-1637526400084" ukl:CommentaryRef="key-d6c101b8675139a6fc1b5883bc259c93">(i)</ins></num><content><ins ukl:ChangeId="key-d6c101b8675139a6fc1b5883bc259c93-1637526400084" ukl:CommentaryRef="key-d6c101b8675139a6fc1b5883bc259c93">regulations under section 238D(1)(a)(ii) of the Pensions Act 2004, or</ins></content></level><level class="para2" eId="section-4A-1-a-ii"><num><ins ukl:ChangeId="key-d6c101b8675139a6fc1b5883bc259c93-1637526400084" ukl:CommentaryRef="key-d6c101b8675139a6fc1b5883bc259c93">(ii)</ins></num><content><ins ukl:ChangeId="key-d6c101b8675139a6fc1b5883bc259c93-1637526400084" ukl:CommentaryRef="key-d6c101b8675139a6fc1b5883bc259c93">regulations under Article 215D(1)(a)(ii) of the Pensions (Northern Ireland) Order 2005 (S.I. 2005/255 (N.I. 1)), and</ins></content></level></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" eId="section-4A-2"><num><ins ukl:ChangeId="key-d6c101b8675139a6fc1b5883bc259c93-1637526400084" ukl:CommentaryRef="key-d6c101b8675139a6fc1b5883bc259c93">(2)</ins></num><intro><ins ukl:ChangeId="key-d6c101b8675139a6fc1b5883bc259c93-1637526400084" ukl:CommentaryRef="key-d6c101b8675139a6fc1b5883bc259c93">The single financial guidance body may, by means of its pensions dashboard service, provide information about—</ins></intro><level class="para1" eId="section-4A-2-a"><num><ins ukl:ChangeId="key-d6c101b8675139a6fc1b5883bc259c93-1637526400084" ukl:CommentaryRef="key-d6c101b8675139a6fc1b5883bc259c93">(a)</ins></num><content><ins ukl:ChangeId="key-d6c101b8675139a6fc1b5883bc259c93-1637526400084" ukl:CommentaryRef="key-d6c101b8675139a6fc1b5883bc259c93">state pensions,</ins></content></level><level class="para1" eId="section-4A-2-b"><num><ins ukl:ChangeId="key-d6c101b8675139a6fc1b5883bc259c93-1637526400084" ukl:CommentaryRef="key-d6c101b8675139a6fc1b5883bc259c93">(b)</ins></num><content><ins ukl:ChangeId="key-d6c101b8675139a6fc1b5883bc259c93-1637526400084" ukl:CommentaryRef="key-d6c101b8675139a6fc1b5883bc259c93">basic and additional retirement pensions, </ins><ins ukl:ChangeId="key-d6c101b8675139a6fc1b5883bc259c93-1637526400084" ukl:CommentaryRef="key-d6c101b8675139a6fc1b5883bc259c93"><noteRef href="#key-3fdc86694282968be68f63a0ac6bfdea" uk:name="commentary" ukl:Name="CommentaryRef" class="commentary"/>...</ins></content></level><level class="para1" eId="section-4A-2-c"><num><ins ukl:ChangeId="key-d6c101b8675139a6fc1b5883bc259c93-1637526400084" ukl:CommentaryRef="key-d6c101b8675139a6fc1b5883bc259c93">(c)</ins></num><content><ins ukl:ChangeId="key-d6c101b8675139a6fc1b5883bc259c93-1637526400084" ukl:CommentaryRef="key-d6c101b8675139a6fc1b5883bc259c93">state pension information relating to an individual.</ins></content></level><level class="para1" eId="section-4A-2-d"><num><ins ukl:ChangeId="key-d6c101b8675139a6fc1b5883bc259c93-1637526400084" ukl:CommentaryRef="key-d6c101b8675139a6fc1b5883bc259c93"><ins class="first" ukl:ChangeId="key-45f13b9eb3b388a31f9615db2b2f4819-1780502338607" ukl:CommentaryRef="key-45f13b9eb3b388a31f9615db2b2f4819"><noteRef uk:name="commentary" href="#key-45f13b9eb3b388a31f9615db2b2f4819" class="commentary"/>(d)</ins></ins></num><content><ins ukl:ChangeId="key-d6c101b8675139a6fc1b5883bc259c93-1637526400084" ukl:CommentaryRef="key-d6c101b8675139a6fc1b5883bc259c93"><ins ukl:ChangeId="key-45f13b9eb3b388a31f9615db2b2f4819-1780502338607" ukl:CommentaryRef="key-45f13b9eb3b388a31f9615db2b2f4819">the Pension Protection Fund, including information relating to an individual, and</ins></ins></content></level><level class="para1" eId="section-4A-2-e"><num><ins ukl:ChangeId="key-d6c101b8675139a6fc1b5883bc259c93-1637526400084" ukl:CommentaryRef="key-d6c101b8675139a6fc1b5883bc259c93"><ins ukl:ChangeId="key-45f13b9eb3b388a31f9615db2b2f4819-1780502338607" ukl:CommentaryRef="key-45f13b9eb3b388a31f9615db2b2f4819">(e)</ins></ins></num><content><ins ukl:ChangeId="key-d6c101b8675139a6fc1b5883bc259c93-1637526400084" ukl:CommentaryRef="key-d6c101b8675139a6fc1b5883bc259c93"><ins class="last" ukl:ChangeId="key-45f13b9eb3b388a31f9615db2b2f4819-1780502338607" ukl:CommentaryRef="key-45f13b9eb3b388a31f9615db2b2f4819">the financial assistance scheme, including information relating to an individual.</ins></ins></content></level></subsection>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" class="para1" eId="section-4A-2-b"><num><ins ukl:ChangeId="key-d6c101b8675139a6fc1b5883bc259c93-1637526400084" ukl:CommentaryRef="key-d6c101b8675139a6fc1b5883bc259c93">(b)</ins></num><content><ins ukl:ChangeId="key-d6c101b8675139a6fc1b5883bc259c93-1637526400084" ukl:CommentaryRef="key-d6c101b8675139a6fc1b5883bc259c93">basic and additional retirement pensions, </ins><ins ukl:ChangeId="key-d6c101b8675139a6fc1b5883bc259c93-1637526400084" ukl:CommentaryRef="key-d6c101b8675139a6fc1b5883bc259c93"><noteRef href="#key-3fdc86694282968be68f63a0ac6bfdea" uk:name="commentary" ukl:Name="CommentaryRef" class="commentary"/>...</ins></content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" class="para1" eId="section-4A-2-d"><num><ins ukl:ChangeId="key-d6c101b8675139a6fc1b5883bc259c93-1637526400084" ukl:CommentaryRef="key-d6c101b8675139a6fc1b5883bc259c93"><ins class="first" ukl:ChangeId="key-45f13b9eb3b388a31f9615db2b2f4819-1780502338607" ukl:CommentaryRef="key-45f13b9eb3b388a31f9615db2b2f4819"><noteRef uk:name="commentary" href="#key-45f13b9eb3b388a31f9615db2b2f4819" class="commentary"/>(d)</ins></ins></num><content><ins ukl:ChangeId="key-d6c101b8675139a6fc1b5883bc259c93-1637526400084" ukl:CommentaryRef="key-d6c101b8675139a6fc1b5883bc259c93"><ins ukl:ChangeId="key-45f13b9eb3b388a31f9615db2b2f4819-1780502338607" ukl:CommentaryRef="key-45f13b9eb3b388a31f9615db2b2f4819">the Pension Protection Fund, including information relating to an individual, and</ins></ins></content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para1" eId="section-4A-2-e"><num><ins ukl:ChangeId="key-d6c101b8675139a6fc1b5883bc259c93-1637526400084" ukl:CommentaryRef="key-d6c101b8675139a6fc1b5883bc259c93"><ins ukl:ChangeId="key-45f13b9eb3b388a31f9615db2b2f4819-1780502338607" ukl:CommentaryRef="key-45f13b9eb3b388a31f9615db2b2f4819">(e)</ins></ins></num><content><ins ukl:ChangeId="key-d6c101b8675139a6fc1b5883bc259c93-1637526400084" ukl:CommentaryRef="key-d6c101b8675139a6fc1b5883bc259c93"><ins class="last" ukl:ChangeId="key-45f13b9eb3b388a31f9615db2b2f4819-1780502338607" ukl:CommentaryRef="key-45f13b9eb3b388a31f9615db2b2f4819">the financial assistance scheme, including information relating to an individual.</ins></ins></content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-4A-3"><num><ins ukl:ChangeId="key-d6c101b8675139a6fc1b5883bc259c93-1637526400084" ukl:CommentaryRef="key-d6c101b8675139a6fc1b5883bc259c93">(3)</ins></num><intro><ins ukl:ChangeId="key-d6c101b8675139a6fc1b5883bc259c93-1637526400084" ukl:CommentaryRef="key-d6c101b8675139a6fc1b5883bc259c93">The single financial guidance body may carry out other functions relating to pensions dashboard services, including functions for which provision is made by—</ins></intro><level class="para1" eId="section-4A-3-a"><num><ins ukl:ChangeId="key-d6c101b8675139a6fc1b5883bc259c93-1637526400084" ukl:CommentaryRef="key-d6c101b8675139a6fc1b5883bc259c93">(a)</ins></num><content><ins ukl:ChangeId="key-d6c101b8675139a6fc1b5883bc259c93-1637526400084" ukl:CommentaryRef="key-d6c101b8675139a6fc1b5883bc259c93">regulations under section 238A of the Pensions Act 2004 or Article 215A of the Pensions (Northern Ireland) Order 2005 (qualifying pensions dashboard services),</ins></content></level><level class="para1" eId="section-4A-3-b"><num><ins ukl:ChangeId="key-d6c101b8675139a6fc1b5883bc259c93-1637526400084" ukl:CommentaryRef="key-d6c101b8675139a6fc1b5883bc259c93">(b)</ins></num><content><ins ukl:ChangeId="key-d6c101b8675139a6fc1b5883bc259c93-1637526400084" ukl:CommentaryRef="key-d6c101b8675139a6fc1b5883bc259c93">regulations under section 238D of the Pensions Act 2004 or Article 215D of the Pensions (Northern Ireland) Order 2005 (information from occupational pension schemes), or</ins></content></level><level class="para1" eId="section-4A-3-c"><num><ins ukl:ChangeId="key-d6c101b8675139a6fc1b5883bc259c93-1637526400084" ukl:CommentaryRef="key-d6c101b8675139a6fc1b5883bc259c93">(c)</ins></num><content><ins ukl:ChangeId="key-d6c101b8675139a6fc1b5883bc259c93-1637526400084" ukl:CommentaryRef="key-d6c101b8675139a6fc1b5883bc259c93">general rules under section 137FAA of the Financial Services and Markets Act 2000 (information from personal or stakeholder pension schemes).</ins></content></level></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-4A-4"><num><ins ukl:ChangeId="key-d6c101b8675139a6fc1b5883bc259c93-1637526400084" ukl:CommentaryRef="key-d6c101b8675139a6fc1b5883bc259c93">(4)</ins></num><content><ins ukl:ChangeId="key-d6c101b8675139a6fc1b5883bc259c93-1637526400084" ukl:CommentaryRef="key-d6c101b8675139a6fc1b5883bc259c93">The functions of the single financial guidance body referred to in subsections (1) to (3) are part of its pensions guidance function.</ins></content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-4A-5"><num><ins ukl:ChangeId="key-d6c101b8675139a6fc1b5883bc259c93-1637526400084" ukl:CommentaryRef="key-d6c101b8675139a6fc1b5883bc259c93">(5)</ins></num><content><ins ukl:ChangeId="key-d6c101b8675139a6fc1b5883bc259c93-1637526400084" ukl:CommentaryRef="key-d6c101b8675139a6fc1b5883bc259c93">Subsections (1) to (4) are without prejudice to sections 3(4) and (8) and 4.</ins></content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" eId="section-4A-6"><num><ins ukl:ChangeId="key-d6c101b8675139a6fc1b5883bc259c93-1637526400084" ukl:CommentaryRef="key-d6c101b8675139a6fc1b5883bc259c93">(6)</ins></num><intro><ins ukl:ChangeId="key-d6c101b8675139a6fc1b5883bc259c93-1637526400084" ukl:CommentaryRef="key-d6c101b8675139a6fc1b5883bc259c93">In this section—</ins></intro><hcontainer name="definition"><content> <ins ukl:ChangeId="key-d6c101b8675139a6fc1b5883bc259c93-1637526400084" ukl:CommentaryRef="key-d6c101b8675139a6fc1b5883bc259c93"><ins class="first" ukl:ChangeId="key-9981caa08f93a4ffc19d84c71a12f3a1-1780502414331" ukl:CommentaryRef="key-9981caa08f93a4ffc19d84c71a12f3a1"><noteRef uk:name="commentary" href="#key-9981caa08f93a4ffc19d84c71a12f3a1" class="commentary"/>“</ins></ins><term refersTo="#term-financial-assistance-scheme"><ins ukl:ChangeId="key-d6c101b8675139a6fc1b5883bc259c93-1637526400084" ukl:CommentaryRef="key-d6c101b8675139a6fc1b5883bc259c93"><ins ukl:ChangeId="key-9981caa08f93a4ffc19d84c71a12f3a1-1780502414331" ukl:CommentaryRef="key-9981caa08f93a4ffc19d84c71a12f3a1">financial assistance scheme</ins></ins></term><ins ukl:ChangeId="key-d6c101b8675139a6fc1b5883bc259c93-1637526400084" ukl:CommentaryRef="key-d6c101b8675139a6fc1b5883bc259c93"><ins class="last" ukl:ChangeId="key-9981caa08f93a4ffc19d84c71a12f3a1-1780502414331" ukl:CommentaryRef="key-9981caa08f93a4ffc19d84c71a12f3a1">” means the scheme provided for by regulations under section 286 of the Pensions Act 2004 (financial assistance scheme for members of certain pension schemes);</ins></ins> </content></hcontainer><hcontainer name="definition"><intro><ins ukl:ChangeId="key-d6c101b8675139a6fc1b5883bc259c93-1637526400084" ukl:CommentaryRef="key-d6c101b8675139a6fc1b5883bc259c93">“</ins><term refersTo="#term-pensions-dashboard-service"><ins ukl:ChangeId="key-d6c101b8675139a6fc1b5883bc259c93-1637526400084" ukl:CommentaryRef="key-d6c101b8675139a6fc1b5883bc259c93">pensions dashboard service</ins></term><ins ukl:ChangeId="key-d6c101b8675139a6fc1b5883bc259c93-1637526400084" ukl:CommentaryRef="key-d6c101b8675139a6fc1b5883bc259c93">” means—</ins></intro><level class="para1"><num>(a)</num><content><ins ukl:ChangeId="key-d6c101b8675139a6fc1b5883bc259c93-1637526400084" ukl:CommentaryRef="key-d6c101b8675139a6fc1b5883bc259c93">a pensions dashboard service within the meaning of section 238A of the Pensions Act 2004, or</ins></content></level><level class="para1"><num>(b)</num><content><ins ukl:ChangeId="key-d6c101b8675139a6fc1b5883bc259c93-1637526400084" ukl:CommentaryRef="key-d6c101b8675139a6fc1b5883bc259c93">a pensions dashboard service within the meaning of Article 215A of the Pensions (Northern Ireland) Order 2005 (S.I. 2005/255 (N.I. 1));</ins></content></level></hcontainer><hcontainer name="definition"><intro><ins ukl:ChangeId="key-d6c101b8675139a6fc1b5883bc259c93-1637526400084" ukl:CommentaryRef="key-d6c101b8675139a6fc1b5883bc259c93">“</ins><term refersTo="#term-relevant-occupational-pension-scheme"><ins ukl:ChangeId="key-d6c101b8675139a6fc1b5883bc259c93-1637526400084" ukl:CommentaryRef="key-d6c101b8675139a6fc1b5883bc259c93">relevant occupational pension scheme</ins></term><ins ukl:ChangeId="key-d6c101b8675139a6fc1b5883bc259c93-1637526400084" ukl:CommentaryRef="key-d6c101b8675139a6fc1b5883bc259c93">” has the meaning given by—</ins></intro><level class="para1"><num>(a)</num><content><ins ukl:ChangeId="key-d6c101b8675139a6fc1b5883bc259c93-1637526400084" ukl:CommentaryRef="key-d6c101b8675139a6fc1b5883bc259c93">section 238F of the Pensions Act 2004, in relation to England and Wales and Scotland, and</ins></content></level><level class="para1"><num>(b)</num><content><ins ukl:ChangeId="key-d6c101b8675139a6fc1b5883bc259c93-1637526400084" ukl:CommentaryRef="key-d6c101b8675139a6fc1b5883bc259c93">Article 215F of the Pensions (Northern Ireland) Order 2005, in relation to Northern Ireland;</ins></content></level></hcontainer><hcontainer name="definition"><content><ins ukl:ChangeId="key-d6c101b8675139a6fc1b5883bc259c93-1637526400084" ukl:CommentaryRef="key-d6c101b8675139a6fc1b5883bc259c93">“</ins><term refersTo="#term-specified-authorised-person"><ins ukl:ChangeId="key-d6c101b8675139a6fc1b5883bc259c93-1637526400084" ukl:CommentaryRef="key-d6c101b8675139a6fc1b5883bc259c93">specified authorised person</ins></term><ins ukl:ChangeId="key-d6c101b8675139a6fc1b5883bc259c93-1637526400084" ukl:CommentaryRef="key-d6c101b8675139a6fc1b5883bc259c93">” has the meaning given by section 137FAC of the Financial Services and Markets Act 2000;</ins></content></hcontainer><hcontainer name="definition"><content><ins class="last" ukl:ChangeId="key-d6c101b8675139a6fc1b5883bc259c93-1637526400084" ukl:CommentaryRef="key-d6c101b8675139a6fc1b5883bc259c93">“state pension”, “basic retirement pension”, “additional retirement pension” and “state pension information” have the meaning given by section 238C of the Pensions Act 2004.</ins></content></hcontainer></subsection>

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" eId="section-6"><num>6</num><heading>Debt respite scheme: advice to the Secretary of State</heading><subsection eId="section-6-1"><num>(1)</num><content>The Secretary of State must, within three months of the establishment of the single financial guidance body, seek advice from the body on the establishment of a debt respite scheme.</content></subsection><subsection eId="section-6-2"><num>(2)</num><intro>A debt respite scheme is a scheme designed to do one or more of the following—</intro><level class="para1" eId="section-6-2-a"><num>(a)</num><content>protect individuals in debt from the accrual of further interest or charges on their debts during the period specified by the scheme,</content></level><level class="para1" eId="section-6-2-b"><num>(b)</num><content>protect individuals in debt from enforcement action from their creditors during that period, and</content></level><level class="para1" eId="section-6-2-c"><num>(c)</num><content>help individuals in debt <del class="first last" ukl:ChangeId="key-50fa10d96fc93246cb3764628d19d532-1637529561417" ukl:CommentaryRef="key-50fa10d96fc93246cb3764628d19d532"><noteRef uk:name="commentary" href="#key-50fa10d96fc93246cb3764628d19d532" class="commentary"/>and their creditors</del> to devise a realistic plan for the repayment of some or all of the debts.</content></level></subsection><subsection eId="section-6-3"><num>(3)</num><intro>The matters on which the Secretary of State may seek advice include (but are not limited to)—</intro><level class="para1" eId="section-6-3-a"><num>(a)</num><content>the appropriate person to administer the scheme (and the single financial guidance body may recommend the creation of a new body for this purpose);</content></level><level class="para1" eId="section-6-3-b"><num>(b)</num><content>whether the scheme should apply in England only, or whether it should also apply in Wales or Northern Ireland (or both);</content></level><level class="para1" eId="section-6-3-c"><num>(c)</num><intro>the scope and design of the scheme, for example—</intro><level class="para2" eId="section-6-3-c-i"><num>(i)</num><content>the types of debtors and the types of debts it should cover;</content></level><level class="para2" eId="section-6-3-c-ii"><num>(ii)</num><content>the types of protections it should give;</content></level><level class="para2" eId="section-6-3-c-iii"><num>(iii)</num><content>the time period for which the protections should apply;</content></level><level class="para2" eId="section-6-3-c-iv"><num>(iv)</num><content>what the obligations on debtors and creditors should be during any period for which protections apply, including any period of a repayment plan;</content></level><level class="para2" eId="section-6-3-c-v"><num>(v)</num><content>the consequences of a failure by a debtor or a creditor to comply with a repayment plan;</content></level></level><level class="para1" eId="section-6-3-d"><num>(d)</num><intro>how the scheme should work, for example—</intro><level class="para2" eId="section-6-3-d-i"><num>(i)</num><content>how an application should be made for the protections given by the scheme;</content></level><level class="para2" eId="section-6-3-d-ii"><num>(ii)</num><content>suitable arrangements to keep creditors informed;</content></level><level class="para2" eId="section-6-3-d-iii"><num>(iii)</num><content>whether there should be a central register of persons admitted to the scheme;</content></level></level><level class="para1" eId="section-6-3-e"><num>(e)</num><content>how the scheme should be implemented.</content></level></subsection><subsection eId="section-6-4"><num>(4)</num><content>The single financial guidance body must provide the advice sought within 12 months of its establishment.</content></subsection><subsection eId="section-6-5"><num>(5)</num><content>The Secretary of State must publish the advice.</content></subsection></section>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-6-1"><num>(1)</num><content>The Secretary of State must, within three months of the establishment of the single financial guidance body, seek advice from the body on the establishment of a debt respite scheme.</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" eId="section-6-2"><num>(2)</num><intro>A debt respite scheme is a scheme designed to do one or more of the following—</intro><level class="para1" eId="section-6-2-a"><num>(a)</num><content>protect individuals in debt from the accrual of further interest or charges on their debts during the period specified by the scheme,</content></level><level class="para1" eId="section-6-2-b"><num>(b)</num><content>protect individuals in debt from enforcement action from their creditors during that period, and</content></level><level class="para1" eId="section-6-2-c"><num>(c)</num><content>help individuals in debt <del class="first last" ukl:ChangeId="key-50fa10d96fc93246cb3764628d19d532-1637529561417" ukl:CommentaryRef="key-50fa10d96fc93246cb3764628d19d532"><noteRef uk:name="commentary" href="#key-50fa10d96fc93246cb3764628d19d532" class="commentary"/>and their creditors</del> to devise a realistic plan for the repayment of some or all of the debts.</content></level></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-6-3"><num>(3)</num><intro>The matters on which the Secretary of State may seek advice include (but are not limited to)—</intro><level class="para1" eId="section-6-3-a"><num>(a)</num><content>the appropriate person to administer the scheme (and the single financial guidance body may recommend the creation of a new body for this purpose);</content></level><level class="para1" eId="section-6-3-b"><num>(b)</num><content>whether the scheme should apply in England only, or whether it should also apply in Wales or Northern Ireland (or both);</content></level><level class="para1" eId="section-6-3-c"><num>(c)</num><intro>the scope and design of the scheme, for example—</intro><level class="para2" eId="section-6-3-c-i"><num>(i)</num><content>the types of debtors and the types of debts it should cover;</content></level><level class="para2" eId="section-6-3-c-ii"><num>(ii)</num><content>the types of protections it should give;</content></level><level class="para2" eId="section-6-3-c-iii"><num>(iii)</num><content>the time period for which the protections should apply;</content></level><level class="para2" eId="section-6-3-c-iv"><num>(iv)</num><content>what the obligations on debtors and creditors should be during any period for which protections apply, including any period of a repayment plan;</content></level><level class="para2" eId="section-6-3-c-v"><num>(v)</num><content>the consequences of a failure by a debtor or a creditor to comply with a repayment plan;</content></level></level><level class="para1" eId="section-6-3-d"><num>(d)</num><intro>how the scheme should work, for example—</intro><level class="para2" eId="section-6-3-d-i"><num>(i)</num><content>how an application should be made for the protections given by the scheme;</content></level><level class="para2" eId="section-6-3-d-ii"><num>(ii)</num><content>suitable arrangements to keep creditors informed;</content></level><level class="para2" eId="section-6-3-d-iii"><num>(iii)</num><content>whether there should be a central register of persons admitted to the scheme;</content></level></level><level class="para1" eId="section-6-3-e"><num>(e)</num><content>how the scheme should be implemented.</content></level></subsection>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-6-3-a"><num>(a)</num><content>the appropriate person to administer the scheme (and the single financial guidance body may recommend the creation of a new body for this purpose);</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-6-3-b"><num>(b)</num><content>whether the scheme should apply in England only, or whether it should also apply in Wales or Northern Ireland (or both);</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-6-3-c"><num>(c)</num><intro>the scope and design of the scheme, for example—</intro><level class="para2" eId="section-6-3-c-i"><num>(i)</num><content>the types of debtors and the types of debts it should cover;</content></level><level class="para2" eId="section-6-3-c-ii"><num>(ii)</num><content>the types of protections it should give;</content></level><level class="para2" eId="section-6-3-c-iii"><num>(iii)</num><content>the time period for which the protections should apply;</content></level><level class="para2" eId="section-6-3-c-iv"><num>(iv)</num><content>what the obligations on debtors and creditors should be during any period for which protections apply, including any period of a repayment plan;</content></level><level class="para2" eId="section-6-3-c-v"><num>(v)</num><content>the consequences of a failure by a debtor or a creditor to comply with a repayment plan;</content></level></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-6-3-d"><num>(d)</num><intro>how the scheme should work, for example—</intro><level class="para2" eId="section-6-3-d-i"><num>(i)</num><content>how an application should be made for the protections given by the scheme;</content></level><level class="para2" eId="section-6-3-d-ii"><num>(ii)</num><content>suitable arrangements to keep creditors informed;</content></level><level class="para2" eId="section-6-3-d-iii"><num>(iii)</num><content>whether there should be a central register of persons admitted to the scheme;</content></level></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-6-3-e"><num>(e)</num><content>how the scheme should be implemented.</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-6-4"><num>(4)</num><content>The single financial guidance body must provide the advice sought within 12 months of its establishment.</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-6-5"><num>(5)</num><content>The Secretary of State must publish the advice.</content></subsection>

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" eId="section-7"><num>7</num><heading>Debt respite scheme: regulations</heading><subsection eId="section-7-1"><num>(1)</num><content>As soon as reasonably practicable after receiving advice from the single financial guidance body under section 6, the Secretary of State must consider whether to make regulations under this section.</content></subsection><subsection eId="section-7-2"><num>(2)</num><content>After receiving advice from the single financial guidance body under section 6, the Secretary of State may make regulations establishing a debt respite scheme.</content></subsection><subsection eId="section-7-3"><num>(3)</num><content>The regulations must take the advice into account.</content></subsection><subsection eId="section-7-4"><num>(4)</num><intro>The regulations may provide for the scheme to apply—</intro><level class="para1" eId="section-7-4-a"><num>(a)</num><content>in England only,</content></level><level class="para1" eId="section-7-4-b"><num>(b)</num><content>in England and Wales,</content></level><level class="para1" eId="section-7-4-c"><num>(c)</num><content>in England and Northern Ireland, or</content></level><level class="para1" eId="section-7-4-d"><num>(d)</num><content>in England, Wales and Northern Ireland.</content></level></subsection><subsection eId="section-7-4A"><num><ins class="first" ukl:ChangeId="key-cae2742f95c1583035cf3bdf7e40b27f-1637529704730" ukl:CommentaryRef="key-cae2742f95c1583035cf3bdf7e40b27f"><noteRef uk:name="commentary" href="#key-cae2742f95c1583035cf3bdf7e40b27f" class="commentary"/>(4A)</ins></num><intro><ins ukl:ChangeId="key-cae2742f95c1583035cf3bdf7e40b27f-1637529704730" ukl:CommentaryRef="key-cae2742f95c1583035cf3bdf7e40b27f">The regulations may include the following as part of the scheme so far as it applies in England and Wales—</ins></intro><level class="para1" eId="section-7-4A-a"><num><ins ukl:ChangeId="key-cae2742f95c1583035cf3bdf7e40b27f-1637529704730" ukl:CommentaryRef="key-cae2742f95c1583035cf3bdf7e40b27f">(a)</ins></num><content><ins ukl:ChangeId="key-cae2742f95c1583035cf3bdf7e40b27f-1637529704730" ukl:CommentaryRef="key-cae2742f95c1583035cf3bdf7e40b27f">provision about the involvement of creditors in the process of devising a plan for the repayment of some or all of an individual's debts;</ins></content></level><level class="para1" eId="section-7-4A-b"><num><ins ukl:ChangeId="key-cae2742f95c1583035cf3bdf7e40b27f-1637529704730" ukl:CommentaryRef="key-cae2742f95c1583035cf3bdf7e40b27f">(b)</ins></num><content><ins ukl:ChangeId="key-cae2742f95c1583035cf3bdf7e40b27f-1637529704730" ukl:CommentaryRef="key-cae2742f95c1583035cf3bdf7e40b27f">provision to protect an individual, during the period of a repayment plan, from being required to repay a debt to which the plan applies otherwise than in accordance with the plan;</ins></content></level><level class="para1" eId="section-7-4A-c"><num><ins ukl:ChangeId="key-cae2742f95c1583035cf3bdf7e40b27f-1637529704730" ukl:CommentaryRef="key-cae2742f95c1583035cf3bdf7e40b27f">(c)</ins></num><intro><ins ukl:ChangeId="key-cae2742f95c1583035cf3bdf7e40b27f-1637529704730" ukl:CommentaryRef="key-cae2742f95c1583035cf3bdf7e40b27f">provision for an amount payable in respect of a debt in accordance with a repayment plan—</ins></intro><level class="para2" eId="section-7-4A-c-i"><num><ins ukl:ChangeId="key-cae2742f95c1583035cf3bdf7e40b27f-1637529704730" ukl:CommentaryRef="key-cae2742f95c1583035cf3bdf7e40b27f">(i)</ins></num><content><ins ukl:ChangeId="key-cae2742f95c1583035cf3bdf7e40b27f-1637529704730" ukl:CommentaryRef="key-cae2742f95c1583035cf3bdf7e40b27f">to be payable instead towards the costs of operating the repayment plan, other repayment plans or the debt respite scheme, and</ins></content></level><level class="para2" eId="section-7-4A-c-ii"><num><ins ukl:ChangeId="key-cae2742f95c1583035cf3bdf7e40b27f-1637529704730" ukl:CommentaryRef="key-cae2742f95c1583035cf3bdf7e40b27f">(ii)</ins></num><content><ins class="last" ukl:ChangeId="key-cae2742f95c1583035cf3bdf7e40b27f-1637529704730" ukl:CommentaryRef="key-cae2742f95c1583035cf3bdf7e40b27f">to be treated, so far as paid towards those costs, as permanently reducing a debt to which the plan applies.</ins></content></level></level></subsection><subsection eId="section-7-5"><num>(5)</num><intro>Regulations under this section may—</intro><level class="para1" eId="section-7-5-a"><num>(a)</num><content>make different provision for different purposes,</content></level><level class="para1" eId="section-7-5-b"><num>(b)</num><content>make different provision for different areas,</content></level><level class="para1" eId="section-7-5-ba"><num><ins class="first" ukl:ChangeId="key-2a51eef4f6bab9c6594588e47b50b5ee-1637529833001" ukl:CommentaryRef="key-2a51eef4f6bab9c6594588e47b50b5ee"><noteRef uk:name="commentary" href="#key-2a51eef4f6bab9c6594588e47b50b5ee" class="commentary"/>(ba)</ins></num><content><ins class="last" ukl:ChangeId="key-2a51eef4f6bab9c6594588e47b50b5ee-1637529833001" ukl:CommentaryRef="key-2a51eef4f6bab9c6594588e47b50b5ee">make provision binding the Crown,</ins></content></level><level class="para1" eId="section-7-5-c"><num>(c)</num><content>make incidental, supplemental, consequential, transitional or saving provision, and</content></level><level class="para1" eId="section-7-5-d"><num>(d)</num><content>apply to obligations entered into, or debts due to be repaid, before the regulations come into force.</content></level></subsection><subsection eId="section-7-6"><num>(6)</num><intro>Provision under subsection (5)(c) may amend any provision made by or under—</intro><level class="para1" eId="section-7-6-a"><num>(a)</num><content>an Act of Parliament,</content></level><level class="para1" eId="section-7-6-b"><num>(b)</num><content>in the case where the regulations provide for the scheme to apply in Wales, a Measure or Act of the National Assembly for Wales, and</content></level><level class="para1" eId="section-7-6-c"><num>(c)</num><content>in the case where the regulations provide for the scheme to apply in Northern Ireland, Northern Ireland legislation.</content></level></subsection><subsection eId="section-7-7"><num>(7)</num><content>Regulations under this section are to be made by statutory instrument.</content></subsection><subsection eId="section-7-8"><num>(8)</num><intro>An instrument containing regulations under this section may not be made unless a draft of the instrument has been laid before and approved by a resolution of —</intro><level class="para1" eId="section-7-8-a"><num>(a)</num><content>each House of Parliament,</content></level><level class="para1" eId="section-7-8-b"><num>(b)</num><content>in the case where the regulations provide for the scheme to apply in Wales, the National Assembly for Wales, and</content></level><level class="para1" eId="section-7-8-c"><num>(c)</num><content>in the case where the regulations provide for the scheme to apply in Northern Ireland, the Northern Ireland Assembly.</content></level></subsection></section>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-7-1"><num>(1)</num><content>As soon as reasonably practicable after receiving advice from the single financial guidance body under section 6, the Secretary of State must consider whether to make regulations under this section.</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-7-2"><num>(2)</num><content>After receiving advice from the single financial guidance body under section 6, the Secretary of State may make regulations establishing a debt respite scheme.</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-7-3"><num>(3)</num><content>The regulations must take the advice into account.</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-7-4"><num>(4)</num><intro>The regulations may provide for the scheme to apply—</intro><level class="para1" eId="section-7-4-a"><num>(a)</num><content>in England only,</content></level><level class="para1" eId="section-7-4-b"><num>(b)</num><content>in England and Wales,</content></level><level class="para1" eId="section-7-4-c"><num>(c)</num><content>in England and Northern Ireland, or</content></level><level class="para1" eId="section-7-4-d"><num>(d)</num><content>in England, Wales and Northern Ireland.</content></level></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" eId="section-7-5"><num>(5)</num><intro>Regulations under this section may—</intro><level class="para1" eId="section-7-5-a"><num>(a)</num><content>make different provision for different purposes,</content></level><level class="para1" eId="section-7-5-b"><num>(b)</num><content>make different provision for different areas,</content></level><level class="para1" eId="section-7-5-ba"><num><ins class="first" ukl:ChangeId="key-2a51eef4f6bab9c6594588e47b50b5ee-1637529833001" ukl:CommentaryRef="key-2a51eef4f6bab9c6594588e47b50b5ee"><noteRef uk:name="commentary" href="#key-2a51eef4f6bab9c6594588e47b50b5ee" class="commentary"/>(ba)</ins></num><content><ins class="last" ukl:ChangeId="key-2a51eef4f6bab9c6594588e47b50b5ee-1637529833001" ukl:CommentaryRef="key-2a51eef4f6bab9c6594588e47b50b5ee">make provision binding the Crown,</ins></content></level><level class="para1" eId="section-7-5-c"><num>(c)</num><content>make incidental, supplemental, consequential, transitional or saving provision, and</content></level><level class="para1" eId="section-7-5-d"><num>(d)</num><content>apply to obligations entered into, or debts due to be repaid, before the regulations come into force.</content></level></subsection>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-7-5-a"><num>(a)</num><content>make different provision for different purposes,</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-7-5-b"><num>(b)</num><content>make different provision for different areas,</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-7-5-c"><num>(c)</num><content>make incidental, supplemental, consequential, transitional or saving provision, and</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-7-5-d"><num>(d)</num><content>apply to obligations entered into, or debts due to be repaid, before the regulations come into force.</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" eId="section-7-4A"><num><ins class="first" ukl:ChangeId="key-cae2742f95c1583035cf3bdf7e40b27f-1637529704730" ukl:CommentaryRef="key-cae2742f95c1583035cf3bdf7e40b27f"><noteRef uk:name="commentary" href="#key-cae2742f95c1583035cf3bdf7e40b27f" class="commentary"/>(4A)</ins></num><intro><ins ukl:ChangeId="key-cae2742f95c1583035cf3bdf7e40b27f-1637529704730" ukl:CommentaryRef="key-cae2742f95c1583035cf3bdf7e40b27f">The regulations may include the following as part of the scheme so far as it applies in England and Wales—</ins></intro><level class="para1" eId="section-7-4A-a"><num><ins ukl:ChangeId="key-cae2742f95c1583035cf3bdf7e40b27f-1637529704730" ukl:CommentaryRef="key-cae2742f95c1583035cf3bdf7e40b27f">(a)</ins></num><content><ins ukl:ChangeId="key-cae2742f95c1583035cf3bdf7e40b27f-1637529704730" ukl:CommentaryRef="key-cae2742f95c1583035cf3bdf7e40b27f">provision about the involvement of creditors in the process of devising a plan for the repayment of some or all of an individual's debts;</ins></content></level><level class="para1" eId="section-7-4A-b"><num><ins ukl:ChangeId="key-cae2742f95c1583035cf3bdf7e40b27f-1637529704730" ukl:CommentaryRef="key-cae2742f95c1583035cf3bdf7e40b27f">(b)</ins></num><content><ins ukl:ChangeId="key-cae2742f95c1583035cf3bdf7e40b27f-1637529704730" ukl:CommentaryRef="key-cae2742f95c1583035cf3bdf7e40b27f">provision to protect an individual, during the period of a repayment plan, from being required to repay a debt to which the plan applies otherwise than in accordance with the plan;</ins></content></level><level class="para1" eId="section-7-4A-c"><num><ins ukl:ChangeId="key-cae2742f95c1583035cf3bdf7e40b27f-1637529704730" ukl:CommentaryRef="key-cae2742f95c1583035cf3bdf7e40b27f">(c)</ins></num><intro><ins ukl:ChangeId="key-cae2742f95c1583035cf3bdf7e40b27f-1637529704730" ukl:CommentaryRef="key-cae2742f95c1583035cf3bdf7e40b27f">provision for an amount payable in respect of a debt in accordance with a repayment plan—</ins></intro><level class="para2" eId="section-7-4A-c-i"><num><ins ukl:ChangeId="key-cae2742f95c1583035cf3bdf7e40b27f-1637529704730" ukl:CommentaryRef="key-cae2742f95c1583035cf3bdf7e40b27f">(i)</ins></num><content><ins ukl:ChangeId="key-cae2742f95c1583035cf3bdf7e40b27f-1637529704730" ukl:CommentaryRef="key-cae2742f95c1583035cf3bdf7e40b27f">to be payable instead towards the costs of operating the repayment plan, other repayment plans or the debt respite scheme, and</ins></content></level><level class="para2" eId="section-7-4A-c-ii"><num><ins ukl:ChangeId="key-cae2742f95c1583035cf3bdf7e40b27f-1637529704730" ukl:CommentaryRef="key-cae2742f95c1583035cf3bdf7e40b27f">(ii)</ins></num><content><ins class="last" ukl:ChangeId="key-cae2742f95c1583035cf3bdf7e40b27f-1637529704730" ukl:CommentaryRef="key-cae2742f95c1583035cf3bdf7e40b27f">to be treated, so far as paid towards those costs, as permanently reducing a debt to which the plan applies.</ins></content></level></level></subsection>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para1" eId="section-7-4A-c"><num><ins ukl:ChangeId="key-cae2742f95c1583035cf3bdf7e40b27f-1637529704730" ukl:CommentaryRef="key-cae2742f95c1583035cf3bdf7e40b27f">(c)</ins></num><intro><ins ukl:ChangeId="key-cae2742f95c1583035cf3bdf7e40b27f-1637529704730" ukl:CommentaryRef="key-cae2742f95c1583035cf3bdf7e40b27f">provision for an amount payable in respect of a debt in accordance with a repayment plan—</ins></intro><level class="para2" eId="section-7-4A-c-i"><num><ins ukl:ChangeId="key-cae2742f95c1583035cf3bdf7e40b27f-1637529704730" ukl:CommentaryRef="key-cae2742f95c1583035cf3bdf7e40b27f">(i)</ins></num><content><ins ukl:ChangeId="key-cae2742f95c1583035cf3bdf7e40b27f-1637529704730" ukl:CommentaryRef="key-cae2742f95c1583035cf3bdf7e40b27f">to be payable instead towards the costs of operating the repayment plan, other repayment plans or the debt respite scheme, and</ins></content></level><level class="para2" eId="section-7-4A-c-ii"><num><ins ukl:ChangeId="key-cae2742f95c1583035cf3bdf7e40b27f-1637529704730" ukl:CommentaryRef="key-cae2742f95c1583035cf3bdf7e40b27f">(ii)</ins></num><content><ins class="last" ukl:ChangeId="key-cae2742f95c1583035cf3bdf7e40b27f-1637529704730" ukl:CommentaryRef="key-cae2742f95c1583035cf3bdf7e40b27f">to be treated, so far as paid towards those costs, as permanently reducing a debt to which the plan applies.</ins></content></level></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-7-6"><num>(6)</num><intro>Provision under subsection (5)(c) may amend any provision made by or under—</intro><level class="para1" eId="section-7-6-a"><num>(a)</num><content>an Act of Parliament,</content></level><level class="para1" eId="section-7-6-b"><num>(b)</num><content>in the case where the regulations provide for the scheme to apply in Wales, a Measure or Act of the National Assembly for Wales, and</content></level><level class="para1" eId="section-7-6-c"><num>(c)</num><content>in the case where the regulations provide for the scheme to apply in Northern Ireland, Northern Ireland legislation.</content></level></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-7-7"><num>(7)</num><content>Regulations under this section are to be made by statutory instrument.</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-7-8"><num>(8)</num><intro>An instrument containing regulations under this section may not be made unless a draft of the instrument has been laid before and approved by a resolution of —</intro><level class="para1" eId="section-7-8-a"><num>(a)</num><content>each House of Parliament,</content></level><level class="para1" eId="section-7-8-b"><num>(b)</num><content>in the case where the regulations provide for the scheme to apply in Wales, the National Assembly for Wales, and</content></level><level class="para1" eId="section-7-8-c"><num>(c)</num><content>in the case where the regulations provide for the scheme to apply in Northern Ireland, the Northern Ireland Assembly.</content></level></subsection>

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-8"><num>8</num><heading>Guidance and directions from the Secretary of State</heading><subsection eId="section-8-1"><num>(1)</num><content>The Secretary of State may issue guidance and give directions to the single financial guidance body about the exercise of its functions.</content></subsection><subsection eId="section-8-2"><num>(2)</num><content>The Secretary of State must publish any directions that are given to the single financial guidance body.</content></subsection><subsection eId="section-8-3"><num>(3)</num><content>The single financial guidance body must have regard to guidance, and comply with directions, given to it by the Secretary of State.</content></subsection></section>

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" name="crossheading" ukl:Name="Pblock" eId="part-1-crossheading-standards-set-by-the-single-financial-guidance-body"><heading>Standards set by the single financial guidance body</heading><section eId="section-9"><num>9</num><heading>Setting standards</heading><subsection eId="section-9-1"><num>(1)</num><intro>The single financial guidance body must from time to time set standards to be complied with by—</intro><level class="para1" eId="section-9-1-a"><num>(a)</num><content>persons providing information or guidance in pursuance of the body's pensions guidance function,</content></level><level class="para1" eId="section-9-1-b"><num>(b)</num><content>persons providing information or advice in pursuance of the body's debt advice function, and</content></level><level class="para1" eId="section-9-1-c"><num>(c)</num><content>persons providing information or guidance in pursuance of the body's money guidance function.</content></level></subsection><subsection eId="section-9-2"><num>(2)</num><content>Before finalising the standards, the single financial guidance body must obtain the approval of the FCA.</content></subsection><subsection eId="section-9-3"><num>(3)</num><content>In determining whether to approve the standards, the FCA must have regard to the needs of people who are receiving, or who may seek to receive, the information, guidance or advice to which the standards will apply.</content></subsection><subsection eId="section-9-4"><num>(4)</num><content>The single financial guidance body must publish the standards.</content></subsection></section><section eId="section-10"><num>10</num><heading>Monitoring and enforcement of standards</heading><subsection eId="section-10-1"><num>(1)</num><content>The single financial guidance body must monitor its own and SFGB delivery partners' compliance with the standards.</content></subsection><subsection eId="section-10-2"><num>(2)</num><intro>The FCA must, at least once in every three years, carry out a review of—</intro><level class="para1" eId="section-10-2-a"><num>(a)</num><content>whether the standards continue to be appropriate, and</content></level><level class="para1" eId="section-10-2-b"><num>(b)</num><content>how the single financial guidance body is monitoring and enforcing the standards.</content></level></subsection><subsection eId="section-10-3"><num>(3)</num><intro>As soon as practicable after the FCA has completed its review, it must provide a report on the review to—</intro><level class="para1" eId="section-10-3-a"><num>(a)</num><content>the single financial guidance body, and</content></level><level class="para1" eId="section-10-3-b"><num>(b)</num><content>the Secretary of State.</content></level></subsection><subsection eId="section-10-4"><num>(4)</num><content>The report may contain recommendations to the single financial guidance body.</content></subsection></section></hcontainer>

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-9"><num>9</num><heading>Setting standards</heading><subsection eId="section-9-1"><num>(1)</num><intro>The single financial guidance body must from time to time set standards to be complied with by—</intro><level class="para1" eId="section-9-1-a"><num>(a)</num><content>persons providing information or guidance in pursuance of the body's pensions guidance function,</content></level><level class="para1" eId="section-9-1-b"><num>(b)</num><content>persons providing information or advice in pursuance of the body's debt advice function, and</content></level><level class="para1" eId="section-9-1-c"><num>(c)</num><content>persons providing information or guidance in pursuance of the body's money guidance function.</content></level></subsection><subsection eId="section-9-2"><num>(2)</num><content>Before finalising the standards, the single financial guidance body must obtain the approval of the FCA.</content></subsection><subsection eId="section-9-3"><num>(3)</num><content>In determining whether to approve the standards, the FCA must have regard to the needs of people who are receiving, or who may seek to receive, the information, guidance or advice to which the standards will apply.</content></subsection><subsection eId="section-9-4"><num>(4)</num><content>The single financial guidance body must publish the standards.</content></subsection></section>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-9-1"><num>(1)</num><intro>The single financial guidance body must from time to time set standards to be complied with by—</intro><level class="para1" eId="section-9-1-a"><num>(a)</num><content>persons providing information or guidance in pursuance of the body's pensions guidance function,</content></level><level class="para1" eId="section-9-1-b"><num>(b)</num><content>persons providing information or advice in pursuance of the body's debt advice function, and</content></level><level class="para1" eId="section-9-1-c"><num>(c)</num><content>persons providing information or guidance in pursuance of the body's money guidance function.</content></level></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-9-2"><num>(2)</num><content>Before finalising the standards, the single financial guidance body must obtain the approval of the FCA.</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-9-3"><num>(3)</num><content>In determining whether to approve the standards, the FCA must have regard to the needs of people who are receiving, or who may seek to receive, the information, guidance or advice to which the standards will apply.</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-9-4"><num>(4)</num><content>The single financial guidance body must publish the standards.</content></subsection>

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-10"><num>10</num><heading>Monitoring and enforcement of standards</heading><subsection eId="section-10-1"><num>(1)</num><content>The single financial guidance body must monitor its own and SFGB delivery partners' compliance with the standards.</content></subsection><subsection eId="section-10-2"><num>(2)</num><intro>The FCA must, at least once in every three years, carry out a review of—</intro><level class="para1" eId="section-10-2-a"><num>(a)</num><content>whether the standards continue to be appropriate, and</content></level><level class="para1" eId="section-10-2-b"><num>(b)</num><content>how the single financial guidance body is monitoring and enforcing the standards.</content></level></subsection><subsection eId="section-10-3"><num>(3)</num><intro>As soon as practicable after the FCA has completed its review, it must provide a report on the review to—</intro><level class="para1" eId="section-10-3-a"><num>(a)</num><content>the single financial guidance body, and</content></level><level class="para1" eId="section-10-3-b"><num>(b)</num><content>the Secretary of State.</content></level></subsection><subsection eId="section-10-4"><num>(4)</num><content>The report may contain recommendations to the single financial guidance body.</content></subsection></section>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-10-1"><num>(1)</num><content>The single financial guidance body must monitor its own and SFGB delivery partners' compliance with the standards.</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-10-2"><num>(2)</num><intro>The FCA must, at least once in every three years, carry out a review of—</intro><level class="para1" eId="section-10-2-a"><num>(a)</num><content>whether the standards continue to be appropriate, and</content></level><level class="para1" eId="section-10-2-b"><num>(b)</num><content>how the single financial guidance body is monitoring and enforcing the standards.</content></level></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-10-3"><num>(3)</num><intro>As soon as practicable after the FCA has completed its review, it must provide a report on the review to—</intro><level class="para1" eId="section-10-3-a"><num>(a)</num><content>the single financial guidance body, and</content></level><level class="para1" eId="section-10-3-b"><num>(b)</num><content>the Secretary of State.</content></level></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-10-4"><num>(4)</num><content>The report may contain recommendations to the single financial guidance body.</content></subsection>

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" name="crossheading" ukl:Name="Pblock" eId="part-1-crossheading-funding-of-the-single-financial-guidance-body"><heading>Funding of the single financial guidance body</heading><section eId="section-11"><num>11</num><heading>Financial assistance from the Secretary of State</heading><subsection eId="section-11-1"><num>(1)</num><content>The Secretary of State may pay grants or make loans, or give any other form of financial assistance, to meet expenditure in connection with the establishment of the single financial guidance body (including expenditure incurred or expected to be incurred before the commencement of section 1).</content></subsection><subsection eId="section-11-2"><num>(2)</num><content>The Secretary of State may pay grants or make loans, or give any other form of financial assistance, to the single financial guidance body for the purpose of enabling it to carry out its functions.</content></subsection><subsection eId="section-11-3"><num>(3)</num><content>Financial assistance may be given under subsection (1) or (2) subject to any conditions the Secretary of State thinks appropriate (including conditions as to repayment).</content></subsection></section><section eId="section-12"><num>12</num><heading>Levies under Pension Schemes Act 1993 and Pension Schemes (<abbr class="acronym" title="Northern Ireland">NI</abbr>) Act 1993</heading><subsection eId="section-12-1"><num>(1)</num><intro>In section 175(1) of the Pension Schemes Act 1993 (power to make regulations imposing levies to meet certain expenditure)—</intro><level class="para1" eId="section-12-1-a"><num>(a)</num><content>omit the “or” at the end of paragraph (c), and</content></level><level class="para1" eId="section-12-1-b"><num>(b)</num><content><mod>after paragraph (d) insert<quotedText startQuote="“">or </quotedText><quotedStructure endQuote="”" uk:context="unknown" uk:docName="unknown" ukl:TargetClass="unknown" ukl:TargetSubClass="unknown" ukl:Context="unknown" ukl:Format="default"><level class="para1"><num>(e)</num><content>under section 11 of the Financial Guidance and Claims Act 2018 (financial assistance from Secretary of State) relating to the single financial guidance body's pensions guidance function (see section 3 of that Act),</content></level></quotedStructure><inline name="appendText">.</inline></mod></content></level></subsection><subsection eId="section-12-2"><num>(2)</num><intro>In section 170(1) of the Pension Schemes (Northern Ireland) Act 1993 (power to make regulations imposing levies to meet certain expenditure)—</intro><level class="para1" eId="section-12-2-a"><num>(a)</num><content>omit the “or” at the end of paragraph (c), and</content></level><level class="para1" eId="section-12-2-b"><num>(b)</num><content><mod>after paragraph (d) insert<quotedText startQuote="“">or </quotedText><quotedStructure endQuote="”" uk:context="unknown" uk:docName="unknown" ukl:TargetClass="unknown" ukl:TargetSubClass="unknown" ukl:Context="unknown" ukl:Format="default"><level class="para1"><num>(e)</num><content>under section 11 of the Financial Guidance and Claims Act 2018 (financial assistance from Secretary of State) relating to the single financial guidance body's pensions guidance function (see section 3 of that Act),</content></level></quotedStructure><inline name="appendText">.</inline></mod></content></level></subsection><subsection eId="section-12-3"><num>(3)</num><content>References in regulations made under section 175(1) of the Pension Schemes Act 1993 (including regulations in force before the commencement of this section) to “expenditure referred to in section 175(1) of the 1993 Act” are to be read as references to expenditure referred to in section 175(1) of the Pension Schemes Act 1993 as amended by this section.</content></subsection><subsection eId="section-12-4"><num>(4)</num><content>References in regulations made under section 170(1) of the Pension Schemes (Northern Ireland) Act 1993 (including regulations in force before the commencement of this section) to “expenditure referred to in section 170(1) of the Act” are to be read as references to expenditure referred to in section 170(1) of the Pension Schemes (Northern Ireland) Act 1993 as amended by this section.</content></subsection></section><section eId="section-13"><num>13</num><heading>Levy under FSMA 2000 for expenses of single financial guidance body</heading><subsection eId="section-13-1"><num>(1)</num><content><mod>In the Financial Services and Markets Act 2000, after section 137S, insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="default"><section><num>137SA</num><heading>Rules to recover expenses relating to the single financial guidance body</heading><subsection><num>(1)</num><intro>The Secretary of State may, from time to time, notify the FCA of the amount of—</intro><level class="para1"><num>(a)</num><content>the expenses incurred, or expected to be incurred, by the Secretary of State under section 11 of the Financial Guidance and Claims Act 2018 (financial assistance from Secretary of State to single financial guidance body), and</content></level><level class="para1"><num>(b)</num><content>any other expenses incurred, or expected to be incurred, by the Secretary of State in connection with the operation of the single financial guidance body,</content></level><wrapUp>that the Secretary of State considers should be recovered under this section.</wrapUp></subsection><subsection><num>(2)</num><intro>Where the Secretary of State has notified the FCA of an amount of expenses under subsection (1), the FCA must make rules for imposing levies with a view to recovering—</intro><level class="para1"><num>(a)</num><content>the amount notified, and</content></level><level class="para1"><num>(b)</num><content>expenses incurred by the FCA in connection with its functions under this section.</content></level></subsection><subsection><num>(3)</num><intro>The rules must require the payment to the FCA of specified sums, or sums calculated in a specified way, by—</intro><level class="para1"><num>(a)</num><content>authorised persons, electronic money issuers or payment service providers, or</content></level><level class="para1"><num>(b)</num><content>any specified class of authorised person, electronic money issuer or payment service provider.</content></level></subsection><subsection><num>(4)</num><content>Before the FCA publishes a draft of rules to be made under this section it must consult the Secretary of State.</content></subsection><subsection><num>(5)</num><content>The rules may be made only with the consent of the Secretary of State.</content></subsection><subsection><num>(6)</num><content>The Secretary of State may notify the FCA of matters that will be taken into account when deciding whether or not to give consent under subsection (5).</content></subsection><subsection><num>(7)</num><content>The FCA must have regard to any matters notified under subsection (6) before publishing a draft of rules to be made under this section.</content></subsection><subsection><num>(8)</num><content>The FCA must pay the Secretary of State the sums it receives under rules made under this section, apart from those paid to recover the expenses mentioned in subsection (2)(b) (which the FCA may keep).</content></subsection><subsection><num>(9)</num><intro>Subsection (10) applies where—</intro><level class="para1"><num>(a)</num><content>the Secretary of State has notified the FCA under subsection (1) of an amount which included expenses expected to be incurred,</content></level><level class="para1"><num>(b)</num><content>the FCA has made rules to recover the amount, and paid sums received under the rules to the Secretary of State, but</content></level><level class="para1"><num>(c)</num><content>the expenses expected to be incurred were not in fact incurred.</content></level></subsection><subsection><num>(10)</num><content>The Secretary of State need not arrange for the sums received under the rules to be paid back, but must, when next notifying an amount to the FCA under subsection (1), take into account the fact that the sums received included an amount representing expenses that were not in fact incurred.</content></subsection><subsection><num>(11)</num><intro>In this section—</intro><hcontainer name="definition"><content>“<term refersTo="#term-electronic-money-issuer">electronic money issuer</term>” means a person who is an electronic money issuer for the purposes of the Electronic Money Regulations 2011 (<abbr class="acronym" title="Statutory Instrument">S.I.</abbr> 2011/99) as a result of falling within any of paragraphs (a) to (e) and (h) to (j) of the definition in regulation 2(1);</content></hcontainer><hcontainer name="definition"><content>“<term refersTo="#term-payment-service-provider">payment service provider</term>” means a person who is a payment service provider for the purposes of the Payment Services Regulations 2017 (<abbr class="acronym" title="Statutory Instrument">S.I.</abbr> 2017/752) as a result of falling within any of paragraphs (a) to (h) of the definition in regulation 2(1).</content></hcontainer></subsection></section></quotedStructure></mod></content></subsection><subsection eId="section-13-2"><num>(2)</num><intro>The requirements for the FCA to consult, before making rules under section 137SA of the Financial Services and Markets Act 2000, contained in—</intro><level class="para1" eId="section-13-2-a"><num>(a)</num><content>section 137SA(4) of that Act, and</content></level><level class="para1" eId="section-13-2-b"><num>(b)</num><content>section 138I(1) of that Act,</content></level><wrapUp>may be satisfied by things done before the day on which this Act is passed.</wrapUp></subsection><subsection eId="section-13-3"><num>(3)</num><content>Rules under section 137SA of the Financial Services and Markets Act 2000 may impose levies with a view to recovering expenses incurred by the FCA before the day on which this Act is passed.</content></subsection></section></hcontainer>

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-11"><num>11</num><heading>Financial assistance from the Secretary of State</heading><subsection eId="section-11-1"><num>(1)</num><content>The Secretary of State may pay grants or make loans, or give any other form of financial assistance, to meet expenditure in connection with the establishment of the single financial guidance body (including expenditure incurred or expected to be incurred before the commencement of section 1).</content></subsection><subsection eId="section-11-2"><num>(2)</num><content>The Secretary of State may pay grants or make loans, or give any other form of financial assistance, to the single financial guidance body for the purpose of enabling it to carry out its functions.</content></subsection><subsection eId="section-11-3"><num>(3)</num><content>Financial assistance may be given under subsection (1) or (2) subject to any conditions the Secretary of State thinks appropriate (including conditions as to repayment).</content></subsection></section>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-12-3"><num>(3)</num><content>References in regulations made under section 175(1) of the Pension Schemes Act 1993 (including regulations in force before the commencement of this section) to “expenditure referred to in section 175(1) of the 1993 Act” are to be read as references to expenditure referred to in section 175(1) of the Pension Schemes Act 1993 as amended by this section.</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-12-4"><num>(4)</num><content>References in regulations made under section 170(1) of the Pension Schemes (Northern Ireland) Act 1993 (including regulations in force before the commencement of this section) to “expenditure referred to in section 170(1) of the Act” are to be read as references to expenditure referred to in section 170(1) of the Pension Schemes (Northern Ireland) Act 1993 as amended by this section.</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-13-1"><num>(1)</num><content><mod>In the Financial Services and Markets Act 2000, after section 137S, insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="default"><section><num>137SA</num><heading>Rules to recover expenses relating to the single financial guidance body</heading><subsection><num>(1)</num><intro>The Secretary of State may, from time to time, notify the FCA of the amount of—</intro><level class="para1"><num>(a)</num><content>the expenses incurred, or expected to be incurred, by the Secretary of State under section 11 of the Financial Guidance and Claims Act 2018 (financial assistance from Secretary of State to single financial guidance body), and</content></level><level class="para1"><num>(b)</num><content>any other expenses incurred, or expected to be incurred, by the Secretary of State in connection with the operation of the single financial guidance body,</content></level><wrapUp>that the Secretary of State considers should be recovered under this section.</wrapUp></subsection><subsection><num>(2)</num><intro>Where the Secretary of State has notified the FCA of an amount of expenses under subsection (1), the FCA must make rules for imposing levies with a view to recovering—</intro><level class="para1"><num>(a)</num><content>the amount notified, and</content></level><level class="para1"><num>(b)</num><content>expenses incurred by the FCA in connection with its functions under this section.</content></level></subsection><subsection><num>(3)</num><intro>The rules must require the payment to the FCA of specified sums, or sums calculated in a specified way, by—</intro><level class="para1"><num>(a)</num><content>authorised persons, electronic money issuers or payment service providers, or</content></level><level class="para1"><num>(b)</num><content>any specified class of authorised person, electronic money issuer or payment service provider.</content></level></subsection><subsection><num>(4)</num><content>Before the FCA publishes a draft of rules to be made under this section it must consult the Secretary of State.</content></subsection><subsection><num>(5)</num><content>The rules may be made only with the consent of the Secretary of State.</content></subsection><subsection><num>(6)</num><content>The Secretary of State may notify the FCA of matters that will be taken into account when deciding whether or not to give consent under subsection (5).</content></subsection><subsection><num>(7)</num><content>The FCA must have regard to any matters notified under subsection (6) before publishing a draft of rules to be made under this section.</content></subsection><subsection><num>(8)</num><content>The FCA must pay the Secretary of State the sums it receives under rules made under this section, apart from those paid to recover the expenses mentioned in subsection (2)(b) (which the FCA may keep).</content></subsection><subsection><num>(9)</num><intro>Subsection (10) applies where—</intro><level class="para1"><num>(a)</num><content>the Secretary of State has notified the FCA under subsection (1) of an amount which included expenses expected to be incurred,</content></level><level class="para1"><num>(b)</num><content>the FCA has made rules to recover the amount, and paid sums received under the rules to the Secretary of State, but</content></level><level class="para1"><num>(c)</num><content>the expenses expected to be incurred were not in fact incurred.</content></level></subsection><subsection><num>(10)</num><content>The Secretary of State need not arrange for the sums received under the rules to be paid back, but must, when next notifying an amount to the FCA under subsection (1), take into account the fact that the sums received included an amount representing expenses that were not in fact incurred.</content></subsection><subsection><num>(11)</num><intro>In this section—</intro><hcontainer name="definition"><content>“<term refersTo="#term-electronic-money-issuer">electronic money issuer</term>” means a person who is an electronic money issuer for the purposes of the Electronic Money Regulations 2011 (<abbr class="acronym" title="Statutory Instrument">S.I.</abbr> 2011/99) as a result of falling within any of paragraphs (a) to (e) and (h) to (j) of the definition in regulation 2(1);</content></hcontainer><hcontainer name="definition"><content>“<term refersTo="#term-payment-service-provider">payment service provider</term>” means a person who is a payment service provider for the purposes of the Payment Services Regulations 2017 (<abbr class="acronym" title="Statutory Instrument">S.I.</abbr> 2017/752) as a result of falling within any of paragraphs (a) to (h) of the definition in regulation 2(1).</content></hcontainer></subsection></section></quotedStructure></mod></content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-13-2"><num>(2)</num><intro>The requirements for the FCA to consult, before making rules under section 137SA of the Financial Services and Markets Act 2000, contained in—</intro><level class="para1" eId="section-13-2-a"><num>(a)</num><content>section 137SA(4) of that Act, and</content></level><level class="para1" eId="section-13-2-b"><num>(b)</num><content>section 138I(1) of that Act,</content></level><wrapUp>may be satisfied by things done before the day on which this Act is passed.</wrapUp></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-13-3"><num>(3)</num><content>Rules under section 137SA of the Financial Services and Markets Act 2000 may impose levies with a view to recovering expenses incurred by the FCA before the day on which this Act is passed.</content></subsection>

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" name="crossheading" ukl:Name="Pblock" eId="part-1-crossheading-funding-of-debt-advice-in-scotland-wales-and-northern-ireland"><heading>Funding of debt advice in Scotland, Wales and Northern Ireland</heading><section eId="section-14"><num>14</num><heading>Levy under FSMA 2000 for debt advice expenses of devolved authorities</heading><subsection eId="section-14-1"><num>(1)</num><content><mod>In the Financial Services and Markets Act 2000, after section 137SA (inserted by section 13), insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="default"><section><num>137SB</num><heading>Rules to recover debt advice expenses incurred by the devolved authorities</heading><subsection><num>(1)</num><content>The Treasury may, from time to time, notify the FCA of the amount of the expenses incurred, or expected to be incurred, by the devolved authorities in connection with the provision of information and advice on debt to members of the public in Scotland, Wales and Northern Ireland.</content></subsection><subsection><num>(2)</num><intro>Where the Treasury have notified the FCA of an amount of expenses under subsection (1), the FCA must make rules for imposing levies with a view to recovering—</intro><level class="para1"><num>(a)</num><content>the amount notified, and</content></level><level class="para1"><num>(b)</num><content>expenses incurred by the FCA in connection with its functions under this section.</content></level></subsection><subsection><num>(3)</num><intro>The rules must require the payment to the FCA of specified sums, or sums calculated in a specified way, by—</intro><level class="para1"><num>(a)</num><content>authorised persons, electronic money issuers or payment service providers, or</content></level><level class="para1"><num>(b)</num><content>any specified class of authorised person, electronic money issuer or payment service provider.</content></level></subsection><subsection><num>(4)</num><content>Before the FCA publishes a draft of rules to be made under this section it must consult the Treasury.</content></subsection><subsection><num>(5)</num><content>The rules may be made only with the consent of the Treasury.</content></subsection><subsection><num>(6)</num><content>The Treasury may notify the FCA of matters that will be taken into account when deciding whether or not to give consent under subsection (5).</content></subsection><subsection><num>(7)</num><content>The FCA must have regard to any matters notified under subsection (6) before publishing a draft of rules to be made under this section.</content></subsection><subsection><num>(8)</num><content>The FCA must pay the Treasury the sums it receives under rules made under this section, apart from those paid to recover the expenses mentioned in subsection (2)(b) (which the FCA may keep).</content></subsection><subsection><num>(9)</num><intro>Subsection (10) applies where—</intro><level class="para1"><num>(a)</num><content>the Treasury have notified the FCA under subsection (1) of an amount which included expenses expected to be incurred,</content></level><level class="para1"><num>(b)</num><content>the FCA has made rules to recover the amount, and paid sums received under the rules to the Treasury, but</content></level><level class="para1"><num>(c)</num><content>the expenses expected to be incurred were not in fact incurred.</content></level></subsection><subsection><num>(10)</num><content>The Treasury need not arrange for the sums received under the rules to be paid back, but must, when next notifying an amount to the FCA under subsection (1), take into account the fact that the sums received included an amount representing expenses that were not in fact incurred.</content></subsection><subsection><num>(11)</num><intro>In this section—</intro><hcontainer name="definition"><intro>the “<term refersTo="#term-devolved-authorities">devolved authorities</term>” means—</intro><level class="para1"><num>(a)</num><content>the Scottish Ministers,</content></level><level class="para1"><num>(b)</num><content>the Welsh Ministers, and</content></level><level class="para1"><num>(c)</num><content>the Department for Communities in Northern Ireland;</content></level></hcontainer><hcontainer name="definition"><content>“<term refersTo="#term-electronic-money-issuer">electronic money issuer</term>” and “<term refersTo="#term-payment-service-provider">payment service provider</term>” have the same meanings as in section 137SA.</content></hcontainer></subsection></section></quotedStructure></mod></content></subsection><subsection eId="section-14-2"><num>(2)</num><intro>The requirements for the FCA to consult, before making rules under section 137SB of the Financial Services and Markets Act 2000, contained in—</intro><level class="para1" eId="section-14-2-a"><num>(a)</num><content>section 137SB(4) of that Act, and</content></level><level class="para1" eId="section-14-2-b"><num>(b)</num><content>section 138I(1) of that Act,</content></level><wrapUp>may be satisfied by things done before the day on which this section comes into force.</wrapUp></subsection><subsection eId="section-14-3"><num>(3)</num><content>Rules under section 137SB of the Financial Services and Markets Act 2000 may impose levies with a view to recovering expenses incurred by the FCA before the day on which this section comes into force.</content></subsection></section></hcontainer>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-14-1"><num>(1)</num><content><mod>In the Financial Services and Markets Act 2000, after section 137SA (inserted by section 13), insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="default"><section><num>137SB</num><heading>Rules to recover debt advice expenses incurred by the devolved authorities</heading><subsection><num>(1)</num><content>The Treasury may, from time to time, notify the FCA of the amount of the expenses incurred, or expected to be incurred, by the devolved authorities in connection with the provision of information and advice on debt to members of the public in Scotland, Wales and Northern Ireland.</content></subsection><subsection><num>(2)</num><intro>Where the Treasury have notified the FCA of an amount of expenses under subsection (1), the FCA must make rules for imposing levies with a view to recovering—</intro><level class="para1"><num>(a)</num><content>the amount notified, and</content></level><level class="para1"><num>(b)</num><content>expenses incurred by the FCA in connection with its functions under this section.</content></level></subsection><subsection><num>(3)</num><intro>The rules must require the payment to the FCA of specified sums, or sums calculated in a specified way, by—</intro><level class="para1"><num>(a)</num><content>authorised persons, electronic money issuers or payment service providers, or</content></level><level class="para1"><num>(b)</num><content>any specified class of authorised person, electronic money issuer or payment service provider.</content></level></subsection><subsection><num>(4)</num><content>Before the FCA publishes a draft of rules to be made under this section it must consult the Treasury.</content></subsection><subsection><num>(5)</num><content>The rules may be made only with the consent of the Treasury.</content></subsection><subsection><num>(6)</num><content>The Treasury may notify the FCA of matters that will be taken into account when deciding whether or not to give consent under subsection (5).</content></subsection><subsection><num>(7)</num><content>The FCA must have regard to any matters notified under subsection (6) before publishing a draft of rules to be made under this section.</content></subsection><subsection><num>(8)</num><content>The FCA must pay the Treasury the sums it receives under rules made under this section, apart from those paid to recover the expenses mentioned in subsection (2)(b) (which the FCA may keep).</content></subsection><subsection><num>(9)</num><intro>Subsection (10) applies where—</intro><level class="para1"><num>(a)</num><content>the Treasury have notified the FCA under subsection (1) of an amount which included expenses expected to be incurred,</content></level><level class="para1"><num>(b)</num><content>the FCA has made rules to recover the amount, and paid sums received under the rules to the Treasury, but</content></level><level class="para1"><num>(c)</num><content>the expenses expected to be incurred were not in fact incurred.</content></level></subsection><subsection><num>(10)</num><content>The Treasury need not arrange for the sums received under the rules to be paid back, but must, when next notifying an amount to the FCA under subsection (1), take into account the fact that the sums received included an amount representing expenses that were not in fact incurred.</content></subsection><subsection><num>(11)</num><intro>In this section—</intro><hcontainer name="definition"><intro>the “<term refersTo="#term-devolved-authorities">devolved authorities</term>” means—</intro><level class="para1"><num>(a)</num><content>the Scottish Ministers,</content></level><level class="para1"><num>(b)</num><content>the Welsh Ministers, and</content></level><level class="para1"><num>(c)</num><content>the Department for Communities in Northern Ireland;</content></level></hcontainer><hcontainer name="definition"><content>“<term refersTo="#term-electronic-money-issuer">electronic money issuer</term>” and “<term refersTo="#term-payment-service-provider">payment service provider</term>” have the same meanings as in section 137SA.</content></hcontainer></subsection></section></quotedStructure></mod></content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-14-2"><num>(2)</num><intro>The requirements for the FCA to consult, before making rules under section 137SB of the Financial Services and Markets Act 2000, contained in—</intro><level class="para1" eId="section-14-2-a"><num>(a)</num><content>section 137SB(4) of that Act, and</content></level><level class="para1" eId="section-14-2-b"><num>(b)</num><content>section 138I(1) of that Act,</content></level><wrapUp>may be satisfied by things done before the day on which this section comes into force.</wrapUp></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-14-3"><num>(3)</num><content>Rules under section 137SB of the Financial Services and Markets Act 2000 may impose levies with a view to recovering expenses incurred by the FCA before the day on which this section comes into force.</content></subsection>

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" name="crossheading" ukl:Name="Pblock" eId="part-1-crossheading-offence-of-impersonating-the-single-financial-guidance-body"><heading>Offence of impersonating the single financial guidance body</heading><section eId="section-15"><num>15</num><heading>False claims about provision of information <abbr title="Et cetera" xml:lang="la">etc</abbr></heading><subsection eId="section-15-1"><num>(1)</num><content>It is an offence for a person to hold himself or herself out (or where the person is a body, to hold itself out) as providing information, guidance or advice on behalf of the single financial guidance body when that is not in fact the case.</content></subsection><subsection eId="section-15-2"><num>(2)</num><content>It is a defence for a person charged with an offence under this section to prove that the person took all reasonable precautions and exercised all due diligence to avoid committing the offence.</content></subsection><subsection eId="section-15-3"><num>(3)</num><intro>A person guilty of an offence under this section is liable on summary conviction—</intro><level class="para1" eId="section-15-3-a"><num>(a)</num><content>in England and Wales, to imprisonment for a term not exceeding 51 weeks or a fine, or both;</content></level><level class="para1" eId="section-15-3-b"><num>(b)</num><content>in Scotland, to imprisonment for a term not exceeding 12 months or a fine not exceeding level 5 on the standard scale, or both;</content></level><level class="para1" eId="section-15-3-c"><num>(c)</num><content>in Northern Ireland, to imprisonment for a term not exceeding 6 months or a fine not exceeding level 5 on the standard scale, or both.</content></level></subsection><subsection eId="section-15-4"><num>(4)</num><content>In relation to an offence committed before the commencement of section 281(5) of the Criminal Justice Act 2003, the reference in subsection (3)(a) to 51 weeks is to be read as a reference to 6 months.</content></subsection><subsection eId="section-15-5"><num>(5)</num><content>Proceedings for an offence under this section may be instituted in England and Wales only by or with the consent of the Director of Public Prosecutions.</content></subsection><subsection eId="section-15-6"><num>(6)</num><content>Proceedings for an offence under this section may be instituted in Northern Ireland only by or with the consent of the Director of Public Prosecutions for Northern Ireland.</content></subsection></section><section eId="section-16"><num>16</num><heading>Offences under section 15 committed by bodies corporate <abbr title="Et cetera" xml:lang="la">etc</abbr></heading><subsection eId="section-16-1"><num>(1)</num><intro>If an offence under section 15 committed by a body corporate is proved—</intro><level class="para1" eId="section-16-1-a"><num>(a)</num><content>to have been committed with the consent or connivance of an officer of the body, or</content></level><level class="para1" eId="section-16-1-b"><num>(b)</num><content>to be attributable to any neglect on the part of such an officer,</content></level><wrapUp>the officer, as well as the body corporate, is guilty of the offence and liable to be proceeded against and punished accordingly.</wrapUp></subsection><subsection eId="section-16-2"><num>(2)</num><intro>In subsection (1) “<term refersTo="#term-officer" eId="term-officer">officer</term>”, in relation to a body corporate, means—</intro><level class="para1" eId="section-16-2-a"><num>(a)</num><content>a director, member of the committee of management, chief executive, manager, secretary or other similar officer of the body, or a person purporting to act in any such capacity;</content></level><level class="para1" eId="section-16-2-b"><num>(b)</num><content>an individual who is a controller of the body.</content></level></subsection><subsection eId="section-16-3"><num>(3)</num><content>If the affairs of a body corporate are managed by its members, subsection (1) applies in relation to the acts and defaults of a member in connection with the member's functions of management as if the member were a director of the body corporate.</content></subsection><subsection eId="section-16-4"><num>(4)</num><intro>If an offence under section 15 committed by a partnership is proved—</intro><level class="para1" eId="section-16-4-a"><num>(a)</num><content>to have been committed with the consent or connivance of a partner, or</content></level><level class="para1" eId="section-16-4-b"><num>(b)</num><content>to be attributable to any neglect on the part of the partner,</content></level><wrapUp>the partner, as well as the partnership, is guilty of the offence and liable to be proceeded against and punished accordingly.</wrapUp></subsection><subsection eId="section-16-5"><num>(5)</num><content>In subsection (4) “<term refersTo="#term-partner" eId="term-partner">partner</term>” includes a person purporting to act as a partner.</content></subsection><subsection eId="section-16-6"><num>(6)</num><intro>If an offence under section 15 committed by an unincorporated association other than a partnership is proved—</intro><level class="para1" eId="section-16-6-a"><num>(a)</num><content>to have been committed with the consent or connivance of an officer of the association or a member of its governing body, or</content></level><level class="para1" eId="section-16-6-b"><num>(b)</num><content>to be attributable to any neglect on the part of such an officer or member,</content></level><wrapUp>the officer or member, as well as the association, is guilty of the offence and liable to be proceeded against and punished accordingly.</wrapUp></subsection><subsection eId="section-16-7"><num>(7)</num><intro>Proceedings for an offence under section 15 must be brought—</intro><level class="para1" eId="section-16-7-a"><num>(a)</num><content>where the offence is alleged to have been committed by a partnership, against the partnership in the firm name;</content></level><level class="para1" eId="section-16-7-b"><num>(b)</num><content>where the offence is alleged to have been committed by any other type of unincorporated association, against the association in its own name.</content></level></subsection><subsection eId="section-16-8"><num>(8)</num><content>Rules of court relating to the service of documents have effect in relation to such proceedings as if the partnership or unincorporated association were a body corporate.</content></subsection></section></hcontainer>

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-15"><num>15</num><heading>False claims about provision of information <abbr title="Et cetera" xml:lang="la">etc</abbr></heading><subsection eId="section-15-1"><num>(1)</num><content>It is an offence for a person to hold himself or herself out (or where the person is a body, to hold itself out) as providing information, guidance or advice on behalf of the single financial guidance body when that is not in fact the case.</content></subsection><subsection eId="section-15-2"><num>(2)</num><content>It is a defence for a person charged with an offence under this section to prove that the person took all reasonable precautions and exercised all due diligence to avoid committing the offence.</content></subsection><subsection eId="section-15-3"><num>(3)</num><intro>A person guilty of an offence under this section is liable on summary conviction—</intro><level class="para1" eId="section-15-3-a"><num>(a)</num><content>in England and Wales, to imprisonment for a term not exceeding 51 weeks or a fine, or both;</content></level><level class="para1" eId="section-15-3-b"><num>(b)</num><content>in Scotland, to imprisonment for a term not exceeding 12 months or a fine not exceeding level 5 on the standard scale, or both;</content></level><level class="para1" eId="section-15-3-c"><num>(c)</num><content>in Northern Ireland, to imprisonment for a term not exceeding 6 months or a fine not exceeding level 5 on the standard scale, or both.</content></level></subsection><subsection eId="section-15-4"><num>(4)</num><content>In relation to an offence committed before the commencement of section 281(5) of the Criminal Justice Act 2003, the reference in subsection (3)(a) to 51 weeks is to be read as a reference to 6 months.</content></subsection><subsection eId="section-15-5"><num>(5)</num><content>Proceedings for an offence under this section may be instituted in England and Wales only by or with the consent of the Director of Public Prosecutions.</content></subsection><subsection eId="section-15-6"><num>(6)</num><content>Proceedings for an offence under this section may be instituted in Northern Ireland only by or with the consent of the Director of Public Prosecutions for Northern Ireland.</content></subsection></section>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-15-1"><num>(1)</num><content>It is an offence for a person to hold himself or herself out (or where the person is a body, to hold itself out) as providing information, guidance or advice on behalf of the single financial guidance body when that is not in fact the case.</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-15-2"><num>(2)</num><content>It is a defence for a person charged with an offence under this section to prove that the person took all reasonable precautions and exercised all due diligence to avoid committing the offence.</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-15-3"><num>(3)</num><intro>A person guilty of an offence under this section is liable on summary conviction—</intro><level class="para1" eId="section-15-3-a"><num>(a)</num><content>in England and Wales, to imprisonment for a term not exceeding 51 weeks or a fine, or both;</content></level><level class="para1" eId="section-15-3-b"><num>(b)</num><content>in Scotland, to imprisonment for a term not exceeding 12 months or a fine not exceeding level 5 on the standard scale, or both;</content></level><level class="para1" eId="section-15-3-c"><num>(c)</num><content>in Northern Ireland, to imprisonment for a term not exceeding 6 months or a fine not exceeding level 5 on the standard scale, or both.</content></level></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-15-4"><num>(4)</num><content>In relation to an offence committed before the commencement of section 281(5) of the Criminal Justice Act 2003, the reference in subsection (3)(a) to 51 weeks is to be read as a reference to 6 months.</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-15-5"><num>(5)</num><content>Proceedings for an offence under this section may be instituted in England and Wales only by or with the consent of the Director of Public Prosecutions.</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-15-6"><num>(6)</num><content>Proceedings for an offence under this section may be instituted in Northern Ireland only by or with the consent of the Director of Public Prosecutions for Northern Ireland.</content></subsection>

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-16"><num>16</num><heading>Offences under section 15 committed by bodies corporate <abbr title="Et cetera" xml:lang="la">etc</abbr></heading><subsection eId="section-16-1"><num>(1)</num><intro>If an offence under section 15 committed by a body corporate is proved—</intro><level class="para1" eId="section-16-1-a"><num>(a)</num><content>to have been committed with the consent or connivance of an officer of the body, or</content></level><level class="para1" eId="section-16-1-b"><num>(b)</num><content>to be attributable to any neglect on the part of such an officer,</content></level><wrapUp>the officer, as well as the body corporate, is guilty of the offence and liable to be proceeded against and punished accordingly.</wrapUp></subsection><subsection eId="section-16-2"><num>(2)</num><intro>In subsection (1) “<term refersTo="#term-officer" eId="term-officer">officer</term>”, in relation to a body corporate, means—</intro><level class="para1" eId="section-16-2-a"><num>(a)</num><content>a director, member of the committee of management, chief executive, manager, secretary or other similar officer of the body, or a person purporting to act in any such capacity;</content></level><level class="para1" eId="section-16-2-b"><num>(b)</num><content>an individual who is a controller of the body.</content></level></subsection><subsection eId="section-16-3"><num>(3)</num><content>If the affairs of a body corporate are managed by its members, subsection (1) applies in relation to the acts and defaults of a member in connection with the member's functions of management as if the member were a director of the body corporate.</content></subsection><subsection eId="section-16-4"><num>(4)</num><intro>If an offence under section 15 committed by a partnership is proved—</intro><level class="para1" eId="section-16-4-a"><num>(a)</num><content>to have been committed with the consent or connivance of a partner, or</content></level><level class="para1" eId="section-16-4-b"><num>(b)</num><content>to be attributable to any neglect on the part of the partner,</content></level><wrapUp>the partner, as well as the partnership, is guilty of the offence and liable to be proceeded against and punished accordingly.</wrapUp></subsection><subsection eId="section-16-5"><num>(5)</num><content>In subsection (4) “<term refersTo="#term-partner" eId="term-partner">partner</term>” includes a person purporting to act as a partner.</content></subsection><subsection eId="section-16-6"><num>(6)</num><intro>If an offence under section 15 committed by an unincorporated association other than a partnership is proved—</intro><level class="para1" eId="section-16-6-a"><num>(a)</num><content>to have been committed with the consent or connivance of an officer of the association or a member of its governing body, or</content></level><level class="para1" eId="section-16-6-b"><num>(b)</num><content>to be attributable to any neglect on the part of such an officer or member,</content></level><wrapUp>the officer or member, as well as the association, is guilty of the offence and liable to be proceeded against and punished accordingly.</wrapUp></subsection><subsection eId="section-16-7"><num>(7)</num><intro>Proceedings for an offence under section 15 must be brought—</intro><level class="para1" eId="section-16-7-a"><num>(a)</num><content>where the offence is alleged to have been committed by a partnership, against the partnership in the firm name;</content></level><level class="para1" eId="section-16-7-b"><num>(b)</num><content>where the offence is alleged to have been committed by any other type of unincorporated association, against the association in its own name.</content></level></subsection><subsection eId="section-16-8"><num>(8)</num><content>Rules of court relating to the service of documents have effect in relation to such proceedings as if the partnership or unincorporated association were a body corporate.</content></subsection></section>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-16-1"><num>(1)</num><intro>If an offence under section 15 committed by a body corporate is proved—</intro><level class="para1" eId="section-16-1-a"><num>(a)</num><content>to have been committed with the consent or connivance of an officer of the body, or</content></level><level class="para1" eId="section-16-1-b"><num>(b)</num><content>to be attributable to any neglect on the part of such an officer,</content></level><wrapUp>the officer, as well as the body corporate, is guilty of the offence and liable to be proceeded against and punished accordingly.</wrapUp></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-16-2"><num>(2)</num><intro>In subsection (1) “<term refersTo="#term-officer" eId="term-officer">officer</term>”, in relation to a body corporate, means—</intro><level class="para1" eId="section-16-2-a"><num>(a)</num><content>a director, member of the committee of management, chief executive, manager, secretary or other similar officer of the body, or a person purporting to act in any such capacity;</content></level><level class="para1" eId="section-16-2-b"><num>(b)</num><content>an individual who is a controller of the body.</content></level></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-16-3"><num>(3)</num><content>If the affairs of a body corporate are managed by its members, subsection (1) applies in relation to the acts and defaults of a member in connection with the member's functions of management as if the member were a director of the body corporate.</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-16-4"><num>(4)</num><intro>If an offence under section 15 committed by a partnership is proved—</intro><level class="para1" eId="section-16-4-a"><num>(a)</num><content>to have been committed with the consent or connivance of a partner, or</content></level><level class="para1" eId="section-16-4-b"><num>(b)</num><content>to be attributable to any neglect on the part of the partner,</content></level><wrapUp>the partner, as well as the partnership, is guilty of the offence and liable to be proceeded against and punished accordingly.</wrapUp></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-16-5"><num>(5)</num><content>In subsection (4) “<term refersTo="#term-partner" eId="term-partner">partner</term>” includes a person purporting to act as a partner.</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-16-6"><num>(6)</num><intro>If an offence under section 15 committed by an unincorporated association other than a partnership is proved—</intro><level class="para1" eId="section-16-6-a"><num>(a)</num><content>to have been committed with the consent or connivance of an officer of the association or a member of its governing body, or</content></level><level class="para1" eId="section-16-6-b"><num>(b)</num><content>to be attributable to any neglect on the part of such an officer or member,</content></level><wrapUp>the officer or member, as well as the association, is guilty of the offence and liable to be proceeded against and punished accordingly.</wrapUp></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-16-7"><num>(7)</num><intro>Proceedings for an offence under section 15 must be brought—</intro><level class="para1" eId="section-16-7-a"><num>(a)</num><content>where the offence is alleged to have been committed by a partnership, against the partnership in the firm name;</content></level><level class="para1" eId="section-16-7-b"><num>(b)</num><content>where the offence is alleged to have been committed by any other type of unincorporated association, against the association in its own name.</content></level></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-16-8"><num>(8)</num><content>Rules of court relating to the service of documents have effect in relation to such proceedings as if the partnership or unincorporated association were a body corporate.</content></subsection>

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-17"><num>17</num><heading>Disclosure of information</heading><subsection eId="section-17-1"><num>(1)</num><intro>The single financial guidance body may disclose information to the Secretary of State, and the Secretary of State may disclose information to the single financial guidance body, provided that the disclosure (in either case) is for the purpose of enabling or facilitating the exercise of—</intro><level class="para1" eId="section-17-1-a"><num>(a)</num><content>a function of the single financial guidance body, or</content></level><level class="para1" eId="section-17-1-b"><num>(b)</num><intro>a function of the Secretary of State that—</intro><level class="para2" eId="section-17-1-b-i"><num>(i)</num><content>relates directly to the single financial guidance body, or</content></level><level class="para2" eId="section-17-1-b-ii"><num>(ii)</num><content>is the same as, or in a similar area to, a function of the single financial guidance body.</content></level></level></subsection><subsection eId="section-17-2"><num>(2)</num><intro>The single financial guidance body may disclose information to a devolved authority, and a devolved authority may disclose information to the single financial guidance body, provided that the disclosure (in either case) is for the purpose of enabling or facilitating—</intro><level class="para1" eId="section-17-2-a"><num>(a)</num><content>the exercise of a function of the single financial guidance body, or</content></level><level class="para1" eId="section-17-2-b"><num>(b)</num><content>the provision of information and advice on debt to members of the public in Scotland, Wales or Northern Ireland.</content></level></subsection><subsection eId="section-17-3"><num>(3)</num><intro>The single financial guidance body may disclose information to the FCA, and the FCA may disclose information to the single financial guidance body, provided that the disclosure (in either case) is for the purpose of enabling or facilitating the exercise of—</intro><level class="para1" eId="section-17-3-a"><num>(a)</num><content>a function of the single financial guidance body, or</content></level><level class="para1" eId="section-17-3-b"><num>(b)</num><intro>a function of the FCA that—</intro><level class="para2" eId="section-17-3-b-i"><num>(i)</num><content>relates directly to the single financial guidance body, or</content></level><level class="para2" eId="section-17-3-b-ii"><num>(ii)</num><content>is in a similar area to a function of the single financial guidance body.</content></level></level></subsection><subsection eId="section-17-4"><num>(4)</num><intro>A devolved authority may disclose information to the FCA, and the FCA may disclose information to a devolved authority, provided that the disclosure (in either case) is for the purpose of enabling or facilitating—</intro><level class="para1" eId="section-17-4-a"><num>(a)</num><content>the provision of information and advice on debt to members of the public in Scotland, Wales or Northern Ireland, or</content></level><level class="para1" eId="section-17-4-b"><num>(b)</num><content>the exercise of a function of the FCA that relates to the provision of information or advice on debt.</content></level></subsection><subsection eId="section-17-5"><num>(5)</num><content>The single financial guidance body may disclose information to an SFGB delivery partner, and an SFGB delivery partner may disclose information to the single financial guidance body, provided that the disclosure (in either case) is for the purpose of enabling or facilitating the exercise of a function that the SFGB delivery partner is carrying out on behalf of the single financial guidance body.</content></subsection><subsection eId="section-17-6"><num>(6)</num><intro>The single financial guidance body must disclose information—</intro><level class="para1" eId="section-17-6-a"><num>(a)</num><content>to the Secretary of State, where requested to do so by the Secretary of State;</content></level><level class="para1" eId="section-17-6-b"><num>(b)</num><intro>to the FCA, where—</intro><level class="para2" eId="section-17-6-b-i"><num>(i)</num><content>the disclosure is for the purpose of enabling or facilitating the exercise of the consumer protection function, or</content></level><level class="para2" eId="section-17-6-b-ii"><num>(ii)</num><content>the FCA requests information for the purposes of a review under section 10 (monitoring and enforcement of standards).</content></level></level></subsection><subsection eId="section-17-7"><num>(7)</num><intro>A disclosure of information which is authorised or required by this section does not breach—</intro><level class="para1" eId="section-17-7-a"><num>(a)</num><content>an obligation of confidence owed by the person making the disclosure, or</content></level><level class="para1" eId="section-17-7-b"><num>(b)</num><content>any other restriction on the disclosure of the information (however imposed).</content></level></subsection><subsection eId="section-17-8"><num>(8)</num><intro>But nothing in this section authorises the making of a disclosure which—</intro><level class="para1" eId="section-17-8-a"><num>(a)</num><content>contravenes the data protection legislation, or</content></level><level class="para1" eId="section-17-8-b"><num>(b)</num><content>is prohibited by any of Parts 1 to 7 or Chapter 1 of Part 9 of the Investigatory Powers Act 2016.</content></level></subsection></section>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-17-1"><num>(1)</num><intro>The single financial guidance body may disclose information to the Secretary of State, and the Secretary of State may disclose information to the single financial guidance body, provided that the disclosure (in either case) is for the purpose of enabling or facilitating the exercise of—</intro><level class="para1" eId="section-17-1-a"><num>(a)</num><content>a function of the single financial guidance body, or</content></level><level class="para1" eId="section-17-1-b"><num>(b)</num><intro>a function of the Secretary of State that—</intro><level class="para2" eId="section-17-1-b-i"><num>(i)</num><content>relates directly to the single financial guidance body, or</content></level><level class="para2" eId="section-17-1-b-ii"><num>(ii)</num><content>is the same as, or in a similar area to, a function of the single financial guidance body.</content></level></level></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-17-2"><num>(2)</num><intro>The single financial guidance body may disclose information to a devolved authority, and a devolved authority may disclose information to the single financial guidance body, provided that the disclosure (in either case) is for the purpose of enabling or facilitating—</intro><level class="para1" eId="section-17-2-a"><num>(a)</num><content>the exercise of a function of the single financial guidance body, or</content></level><level class="para1" eId="section-17-2-b"><num>(b)</num><content>the provision of information and advice on debt to members of the public in Scotland, Wales or Northern Ireland.</content></level></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-17-3"><num>(3)</num><intro>The single financial guidance body may disclose information to the FCA, and the FCA may disclose information to the single financial guidance body, provided that the disclosure (in either case) is for the purpose of enabling or facilitating the exercise of—</intro><level class="para1" eId="section-17-3-a"><num>(a)</num><content>a function of the single financial guidance body, or</content></level><level class="para1" eId="section-17-3-b"><num>(b)</num><intro>a function of the FCA that—</intro><level class="para2" eId="section-17-3-b-i"><num>(i)</num><content>relates directly to the single financial guidance body, or</content></level><level class="para2" eId="section-17-3-b-ii"><num>(ii)</num><content>is in a similar area to a function of the single financial guidance body.</content></level></level></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-17-4"><num>(4)</num><intro>A devolved authority may disclose information to the FCA, and the FCA may disclose information to a devolved authority, provided that the disclosure (in either case) is for the purpose of enabling or facilitating—</intro><level class="para1" eId="section-17-4-a"><num>(a)</num><content>the provision of information and advice on debt to members of the public in Scotland, Wales or Northern Ireland, or</content></level><level class="para1" eId="section-17-4-b"><num>(b)</num><content>the exercise of a function of the FCA that relates to the provision of information or advice on debt.</content></level></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-17-5"><num>(5)</num><content>The single financial guidance body may disclose information to an SFGB delivery partner, and an SFGB delivery partner may disclose information to the single financial guidance body, provided that the disclosure (in either case) is for the purpose of enabling or facilitating the exercise of a function that the SFGB delivery partner is carrying out on behalf of the single financial guidance body.</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-17-6"><num>(6)</num><intro>The single financial guidance body must disclose information—</intro><level class="para1" eId="section-17-6-a"><num>(a)</num><content>to the Secretary of State, where requested to do so by the Secretary of State;</content></level><level class="para1" eId="section-17-6-b"><num>(b)</num><intro>to the FCA, where—</intro><level class="para2" eId="section-17-6-b-i"><num>(i)</num><content>the disclosure is for the purpose of enabling or facilitating the exercise of the consumer protection function, or</content></level><level class="para2" eId="section-17-6-b-ii"><num>(ii)</num><content>the FCA requests information for the purposes of a review under section 10 (monitoring and enforcement of standards).</content></level></level></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-17-7"><num>(7)</num><intro>A disclosure of information which is authorised or required by this section does not breach—</intro><level class="para1" eId="section-17-7-a"><num>(a)</num><content>an obligation of confidence owed by the person making the disclosure, or</content></level><level class="para1" eId="section-17-7-b"><num>(b)</num><content>any other restriction on the disclosure of the information (however imposed).</content></level></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-17-8"><num>(8)</num><intro>But nothing in this section authorises the making of a disclosure which—</intro><level class="para1" eId="section-17-8-a"><num>(a)</num><content>contravenes the data protection legislation, or</content></level><level class="para1" eId="section-17-8-b"><num>(b)</num><content>is prohibited by any of Parts 1 to 7 or Chapter 1 of Part 9 of the Investigatory Powers Act 2016.</content></level></subsection>

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" name="crossheading" ukl:Name="Pblock" eId="part-1-crossheading-rules-etc-about-financial-guidance"><heading>Rules <abbr title="Et cetera" xml:lang="la">etc</abbr> about financial guidance</heading><section eId="section-18"><num>18</num><heading>Personal pension schemes: requirements to refer members to guidance <abbr title="Et cetera" xml:lang="la">etc</abbr></heading><subsection eId="section-18-1"><num>(1)</num><content>Section 137FB of the Financial Services and Markets Act 2000 (FCA general rules: disclosure of information about the availability of pensions guidance) is amended as follows.</content></subsection><subsection eId="section-18-2"><num>(2)</num><content><mod>After subsection (1), insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="default"><subsection><num>(1A)</num><intro>The FCA must also make general rules requiring the trustees or managers of a relevant pension scheme to take the steps mentioned in subsections (1B) and (1C) in relation to an application from a member or survivor—</intro><level class="para1"><num>(a)</num><content>to transfer any rights accrued under the scheme, or</content></level><level class="para1"><num>(b)</num><content>to start receiving benefits provided by the scheme.</content></level></subsection><subsection><num>(1B)</num><intro>As part of the application process, the trustees or managers must ensure that—</intro><level class="para1"><num>(a)</num><content>the member or survivor is referred to appropriate pensions guidance, and</content></level><level class="para1"><num>(b)</num><content>the member or survivor is provided with an explanation of the nature and purpose of such guidance.</content></level></subsection><subsection><num>(1C)</num><content>Before proceeding with the application, the trustees or managers must ensure that the member or survivor has either received appropriate pensions guidance or has opted out of receiving such guidance.</content></subsection><subsection><num>(1D)</num><intro>The rules may—</intro><level class="para1"><num>(a)</num><content>specify what constitutes appropriate pensions guidance;</content></level><level class="para1"><num>(b)</num><content>make further provision about how the trustees or managers must comply with the duties in subsections (1B) and (1C) (such as provision about methods of communication and time limits);</content></level><level class="para1"><num>(c)</num><content>make further provision about how, and to whom, a member or survivor may indicate that they have received or opted out of receiving appropriate pensions guidance for the purposes of subsection (1C);</content></level><level class="para1"><num>(d)</num><content>specify what the duties of the trustees or managers are in the situation where a member or survivor does not respond to a communication that is made for the purposes of complying with the duty in subsection (1C);</content></level><level class="para1"><num>(e)</num><content>provide for exceptions to the duties in subsections (1B) and (1C) in specified cases.</content></level></subsection></quotedStructure></mod></content></subsection><subsection eId="section-18-3"><num>(3)</num><content><mod>In subsection (2), for “this section” substitute <quotedText>“ subsection (1) ”</quotedText>.</mod></content></subsection><subsection eId="section-18-4"><num>(4)</num><content><mod>After subsection (2) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="default"><subsection><num>(2A)</num><intro>Before the FCA publishes a draft of any rules to be made by virtue of subsection (1A), it must consult—</intro><level class="para1"><num>(a)</num><content>the Secretary of State, and</content></level><level class="para1"><num>(b)</num><content>the <ins class="substitution first last" ukl:ChangeId="key-0f1bd39045f3379e693a7e9928f5c4bb-1563288611591" ukl:CommentaryRef="key-0f1bd39045f3379e693a7e9928f5c4bb"><noteRef uk:name="commentary" href="#key-0f1bd39045f3379e693a7e9928f5c4bb" class="commentary"/>Money and Pensions Service</ins>.</content></level></subsection></quotedStructure></mod></content></subsection><subsection eId="section-18-5"><num>(5)</num><content><mod>In subsection (3), for “the rules” substitute <quotedText>“ rules to be made by virtue of subsection (1) ”</quotedText>.</mod></content></subsection><subsection eId="section-18-6"><num>(6)</num><content><mod>After subsection (3) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="default"><subsection><num>(3A)</num><content>In determining what provision to include in rules to be made by virtue of subsection (1A), the FCA must have regard to any regulations that are for the time being in force under section 113B of the Pension Schemes Act 1993 (occupational pension schemes: requirements to refer members to guidance <abbr title="Et cetera" xml:lang="la">etc</abbr>).</content></subsection></quotedStructure></mod></content></subsection><subsection eId="section-18-7"><num>(7)</num><content><mod>In subsection (4), for the definition of “pensions guidance” substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="default">“<term refersTo="#term-pensions-guidance">pensions guidance</term>” means information or guidance provided by any person in pursuance of the requirements mentioned in section 4 of the Financial Guidance and Claims Act 2018 (information <abbr title="Et cetera" xml:lang="la">etc</abbr> about flexible benefits under pension schemes);</quotedStructure><inline name="appendText">.</inline></mod></content></subsection></section><section eId="section-19"><num>19</num><heading>Occupational pension schemes: requirements to refer members to guidance <abbr title="Et cetera" xml:lang="la">etc</abbr></heading><subsection eId="section-19-1"><num>(1)</num><content>The Pension Schemes Act 1993 is amended as set out in subsections (2) to (5).</content></subsection><subsection eId="section-19-2"><num>(2)</num><content><mod>After section 113A insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="default"><section><num>113B</num><heading>Occupational pension schemes: requirements to refer members to guidance <abbr title="Et cetera" xml:lang="la">etc</abbr></heading><subsection><num>(1)</num><intro>The Secretary of State must make regulations requiring the trustees or managers of an occupational pension scheme to take the steps mentioned in subsections (2) and (3) in relation to an application from a relevant beneficiary—</intro><level class="para1"><num>(a)</num><content>to transfer any rights accrued under the scheme, or</content></level><level class="para1"><num>(b)</num><content>to start receiving benefits provided by the scheme.</content></level></subsection><subsection><num>(2)</num><intro>As part of the application process, the trustees or managers must ensure that—</intro><level class="para1"><num>(a)</num><content>the beneficiary is referred to appropriate pensions guidance, and</content></level><level class="para1"><num>(b)</num><content>the beneficiary is provided with an explanation of the nature and purpose of such guidance.</content></level></subsection><subsection><num>(3)</num><content>Before proceeding with the application, the trustees or managers must ensure that the beneficiary has either received appropriate pensions guidance or has opted out of receiving such guidance.</content></subsection><subsection><num>(4)</num><intro>The regulations may—</intro><level class="para1"><num>(a)</num><content>specify what constitutes appropriate pensions guidance;</content></level><level class="para1"><num>(b)</num><content>make further provision about how the trustees or managers must comply with the duties in subsections (2) and (3) (such as provision about methods of communication and time limits);</content></level><level class="para1"><num>(c)</num><content>make further provision about how, and to whom, a beneficiary may indicate that they have received or opted out of receiving appropriate pensions guidance for the purposes of subsection (3);</content></level><level class="para1"><num>(d)</num><content>specify what the duties of the trustees or managers are in the situation where a beneficiary does not respond to a communication that is made for the purposes of complying with the duty in subsection (3);</content></level><level class="para1"><num>(e)</num><content>provide for exceptions to the duties in subsections (2) and (3) in specified cases;</content></level><level class="para1"><num>(f)</num><content>provide for the Secretary of State or another prescribed person to issue guidance for the purposes of this section, to which trustees or managers must have regard in complying with their duties under the regulations.</content></level></subsection><subsection><num>(5)</num><content>In determining what provision to include in the regulations, the Secretary of State must have regard to any rules that are for the time being in force under section 137FB(1A) of the Financial Services and Markets Act 2000.</content></subsection><subsection><num>(6)</num><intro>In this section—</intro><hcontainer name="definition"><intro>“<term refersTo="#term-relevant-beneficiary">relevant beneficiary</term>”, in relation to a pension scheme, means—</intro><level class="para1"><num>(a)</num><content>a member of the scheme, or</content></level><level class="para1"><num>(b)</num><content>another person of a prescribed description,</content></level><wrapUp>who has a right or entitlement to flexible benefits under the scheme;</wrapUp></hcontainer><hcontainer name="definition"><content>“<term refersTo="#term-flexible-benefits">flexible benefits</term>” has the meaning given by section 74 of the Pension Schemes Act 2015;</content></hcontainer><hcontainer name="definition"><content>“<term refersTo="#term-pensions-guidance">pensions guidance</term>” means information or guidance provided by any person in pursuance of the requirements mentioned in section 4 of the Financial Guidance and Claims Act 2018 (information <abbr title="Et cetera" xml:lang="la">etc</abbr> about flexible benefits under pension schemes).</content></hcontainer></subsection></section></quotedStructure></mod></content></subsection><subsection eId="section-19-3"><num>(3)</num><content><mod>In section 115 (powers as respects failure to comply with information requirements), in subsection (1), after “113” insert <quotedText>“ , 113B ”</quotedText>.</mod></content></subsection><subsection eId="section-19-4"><num>(4)</num><content><mod>In section 182(5) (power of Treasury to direct that regulation-making powers are exercisable only in conjunction with them), after “except” insert <quotedText>“ regulations under section 113B or ”</quotedText>.</mod></content></subsection><subsection eId="section-19-5"><num>(5)</num><content><mod>In section 185(2) (consultations about other regulations: exceptions), after paragraph (c) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="default"><level class="para1"><num>(ca)</num><content>regulations under section 113B; or</content></level></quotedStructure><inline name="appendText">.</inline></mod></content></subsection><subsection eId="section-19-6"><num>(6)</num><content>The Pension Schemes (Northern Ireland) Act 1993 is amended as set out in subsections (7) to (9).</content></subsection><subsection eId="section-19-7"><num>(7)</num><content><mod>After section 109A insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="default"><section><num>109B</num><heading>Occupational pension schemes: requirements to refer members to guidance <abbr title="Et cetera" xml:lang="la">etc</abbr></heading><subsection><num>(1)</num><intro>The Department must make regulations requiring the trustees or managers of an occupational pension scheme to take the steps mentioned in subsections (2) and (3) in relation to an application from a relevant beneficiary—</intro><level class="para1"><num>(a)</num><content>to transfer any rights accrued under the scheme, or</content></level><level class="para1"><num>(b)</num><content>to start receiving benefits provided by the scheme.</content></level></subsection><subsection><num>(2)</num><intro>As part of the application process, the trustees or managers must ensure that—</intro><level class="para1"><num>(a)</num><content>the beneficiary is referred to appropriate pensions guidance, and</content></level><level class="para1"><num>(b)</num><content>the beneficiary is provided with an explanation of the nature and purpose of such guidance.</content></level></subsection><subsection><num>(3)</num><content>Before proceeding with the application, the trustees or managers must ensure that the beneficiary has either received appropriate pensions guidance or has opted out of receiving such guidance.</content></subsection><subsection><num>(4)</num><intro>The regulations may—</intro><level class="para1"><num>(a)</num><content>specify what constitutes appropriate pensions guidance;</content></level><level class="para1"><num>(b)</num><content>make further provision about how the trustees or managers must comply with the duties in subsections (2) and (3) (such as provision about methods of communication and time limits);</content></level><level class="para1"><num>(c)</num><content>make further provision about how, and to whom, a beneficiary may indicate that they have received or opted out of receiving appropriate pensions guidance for the purposes of subsection (3);</content></level><level class="para1"><num>(d)</num><content>specify what the duties of the trustees or managers are in the situation where a beneficiary does not respond to a communication that is made for the purposes of complying with the duty in subsection (3);</content></level><level class="para1"><num>(e)</num><content>provide for exceptions to the duties in subsections (2) and (3) in specified cases;</content></level><level class="para1"><num>(f)</num><content>provide for the Department or another prescribed person to issue guidance for the purposes of this section, to which trustees or managers must have regard in complying with their duties under the regulations.</content></level></subsection><subsection><num>(5)</num><content>In determining what provision to include in the regulations, the Department must have regard to any rules that are for the time being in force under section 137FB(1A) of the Financial Services and Markets Act 2000.</content></subsection><subsection><num>(6)</num><intro>In this section—</intro><hcontainer name="definition"><intro>“<term refersTo="#term-relevant-beneficiary">relevant beneficiary</term>”, in relation to a pension scheme, means—</intro><level class="para1"><num>(a)</num><content>a member of the scheme, or</content></level><level class="para1"><num>(b)</num><content>another person of a prescribed description,</content></level><wrapUp>who has a right or entitlement to flexible benefits under the scheme;</wrapUp></hcontainer><hcontainer name="definition"><content>“<term refersTo="#term-flexible-benefits">flexible benefits</term>” has the meaning given by section 74 of the Pension Schemes Act 2015;</content></hcontainer><hcontainer name="definition"><content>“<term refersTo="#term-pensions-guidance">pensions guidance</term>” means information or guidance provided by any person in pursuance of the requirements mentioned in section 4 of the Financial Guidance and Claims Act 2018 (information <abbr title="Et cetera" xml:lang="la">etc</abbr> about flexible benefits under pension schemes).</content></hcontainer></subsection></section></quotedStructure></mod></content></subsection><subsection eId="section-19-8"><num>(8)</num><content><mod>In section 111 (powers as respects failure to comply with information requirements), in subsection (1), after “109” insert <quotedText>“ or 109B ”</quotedText>.</mod></content></subsection><subsection eId="section-19-9"><num>(9)</num><content><mod>In section 177(6) (power of Department of Finance to direct that regulation-making powers are exercisable only in conjunction with them), after “except” insert <quotedText>“ regulations under section 109B or ”</quotedText>.</mod></content></subsection></section><section eId="section-20"><num>20</num><heading>FCA general rules: information about the availability of guidance</heading><content><mod>After section 137FBB of the Financial Services and Markets Act 2000 insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="default"><section><num>137FC</num><heading>FCA rules: disclosure of information about the availability of financial guidance</heading><subsection><num>(1)</num><content>The FCA must make general rules requiring specified authorised persons to provide information about the availability of financial guidance to the descriptions of persons specified in the rules.</content></subsection><subsection><num>(2)</num><content>The rules may specify the circumstances in which the duty to provide the information applies.</content></subsection><subsection><num>(3)</num><intro>Before the FCA publishes a draft of any rules to be made by virtue of this section, it must consult—</intro><level class="para1"><num>(a)</num><content>the Secretary of State,</content></level><level class="para1"><num>(b)</num><content>the Treasury, and</content></level><level class="para1"><num>(c)</num><content>the single financial guidance body.</content></level></subsection><subsection><num>(4)</num><intro>In this section—</intro><hcontainer name="definition"><content>“<term refersTo="#term-financial-guidance">financial guidance</term>” means information, guidance or advice provided in pursuance of the single financial guidance body's pensions guidance, debt advice or money guidance function (see section 3 of the Financial Guidance and Claims Act 2018);</content></hcontainer><hcontainer name="definition"><content>“<term refersTo="#term-specified-authorised-person">specified authorised person</term>” means an authorised person of a description specified in rules made by virtue of this section.</content></hcontainer></subsection></section></quotedStructure></mod></content></section></hcontainer>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-18-1"><num>(1)</num><content>Section 137FB of the Financial Services and Markets Act 2000 (FCA general rules: disclosure of information about the availability of pensions guidance) is amended as follows.</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-18-3"><num>(3)</num><content><mod>In subsection (2), for “this section” substitute <quotedText>“ subsection (1) ”</quotedText>.</mod></content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-18-5"><num>(5)</num><content><mod>In subsection (3), for “the rules” substitute <quotedText>“ rules to be made by virtue of subsection (1) ”</quotedText>.</mod></content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-19-1"><num>(1)</num><content>The Pension Schemes Act 1993 is amended as set out in subsections (2) to (5).</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-19-2"><num>(2)</num><content><mod>After section 113A insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="default"><section><num>113B</num><heading>Occupational pension schemes: requirements to refer members to guidance <abbr title="Et cetera" xml:lang="la">etc</abbr></heading><subsection><num>(1)</num><intro>The Secretary of State must make regulations requiring the trustees or managers of an occupational pension scheme to take the steps mentioned in subsections (2) and (3) in relation to an application from a relevant beneficiary—</intro><level class="para1"><num>(a)</num><content>to transfer any rights accrued under the scheme, or</content></level><level class="para1"><num>(b)</num><content>to start receiving benefits provided by the scheme.</content></level></subsection><subsection><num>(2)</num><intro>As part of the application process, the trustees or managers must ensure that—</intro><level class="para1"><num>(a)</num><content>the beneficiary is referred to appropriate pensions guidance, and</content></level><level class="para1"><num>(b)</num><content>the beneficiary is provided with an explanation of the nature and purpose of such guidance.</content></level></subsection><subsection><num>(3)</num><content>Before proceeding with the application, the trustees or managers must ensure that the beneficiary has either received appropriate pensions guidance or has opted out of receiving such guidance.</content></subsection><subsection><num>(4)</num><intro>The regulations may—</intro><level class="para1"><num>(a)</num><content>specify what constitutes appropriate pensions guidance;</content></level><level class="para1"><num>(b)</num><content>make further provision about how the trustees or managers must comply with the duties in subsections (2) and (3) (such as provision about methods of communication and time limits);</content></level><level class="para1"><num>(c)</num><content>make further provision about how, and to whom, a beneficiary may indicate that they have received or opted out of receiving appropriate pensions guidance for the purposes of subsection (3);</content></level><level class="para1"><num>(d)</num><content>specify what the duties of the trustees or managers are in the situation where a beneficiary does not respond to a communication that is made for the purposes of complying with the duty in subsection (3);</content></level><level class="para1"><num>(e)</num><content>provide for exceptions to the duties in subsections (2) and (3) in specified cases;</content></level><level class="para1"><num>(f)</num><content>provide for the Secretary of State or another prescribed person to issue guidance for the purposes of this section, to which trustees or managers must have regard in complying with their duties under the regulations.</content></level></subsection><subsection><num>(5)</num><content>In determining what provision to include in the regulations, the Secretary of State must have regard to any rules that are for the time being in force under section 137FB(1A) of the Financial Services and Markets Act 2000.</content></subsection><subsection><num>(6)</num><intro>In this section—</intro><hcontainer name="definition"><intro>“<term refersTo="#term-relevant-beneficiary">relevant beneficiary</term>”, in relation to a pension scheme, means—</intro><level class="para1"><num>(a)</num><content>a member of the scheme, or</content></level><level class="para1"><num>(b)</num><content>another person of a prescribed description,</content></level><wrapUp>who has a right or entitlement to flexible benefits under the scheme;</wrapUp></hcontainer><hcontainer name="definition"><content>“<term refersTo="#term-flexible-benefits">flexible benefits</term>” has the meaning given by section 74 of the Pension Schemes Act 2015;</content></hcontainer><hcontainer name="definition"><content>“<term refersTo="#term-pensions-guidance">pensions guidance</term>” means information or guidance provided by any person in pursuance of the requirements mentioned in section 4 of the Financial Guidance and Claims Act 2018 (information <abbr title="Et cetera" xml:lang="la">etc</abbr> about flexible benefits under pension schemes).</content></hcontainer></subsection></section></quotedStructure></mod></content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-19-3"><num>(3)</num><content><mod>In section 115 (powers as respects failure to comply with information requirements), in subsection (1), after “113” insert <quotedText>“ , 113B ”</quotedText>.</mod></content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-19-4"><num>(4)</num><content><mod>In section 182(5) (power of Treasury to direct that regulation-making powers are exercisable only in conjunction with them), after “except” insert <quotedText>“ regulations under section 113B or ”</quotedText>.</mod></content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-19-6"><num>(6)</num><content>The Pension Schemes (Northern Ireland) Act 1993 is amended as set out in subsections (7) to (9).</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-19-7"><num>(7)</num><content><mod>After section 109A insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="default"><section><num>109B</num><heading>Occupational pension schemes: requirements to refer members to guidance <abbr title="Et cetera" xml:lang="la">etc</abbr></heading><subsection><num>(1)</num><intro>The Department must make regulations requiring the trustees or managers of an occupational pension scheme to take the steps mentioned in subsections (2) and (3) in relation to an application from a relevant beneficiary—</intro><level class="para1"><num>(a)</num><content>to transfer any rights accrued under the scheme, or</content></level><level class="para1"><num>(b)</num><content>to start receiving benefits provided by the scheme.</content></level></subsection><subsection><num>(2)</num><intro>As part of the application process, the trustees or managers must ensure that—</intro><level class="para1"><num>(a)</num><content>the beneficiary is referred to appropriate pensions guidance, and</content></level><level class="para1"><num>(b)</num><content>the beneficiary is provided with an explanation of the nature and purpose of such guidance.</content></level></subsection><subsection><num>(3)</num><content>Before proceeding with the application, the trustees or managers must ensure that the beneficiary has either received appropriate pensions guidance or has opted out of receiving such guidance.</content></subsection><subsection><num>(4)</num><intro>The regulations may—</intro><level class="para1"><num>(a)</num><content>specify what constitutes appropriate pensions guidance;</content></level><level class="para1"><num>(b)</num><content>make further provision about how the trustees or managers must comply with the duties in subsections (2) and (3) (such as provision about methods of communication and time limits);</content></level><level class="para1"><num>(c)</num><content>make further provision about how, and to whom, a beneficiary may indicate that they have received or opted out of receiving appropriate pensions guidance for the purposes of subsection (3);</content></level><level class="para1"><num>(d)</num><content>specify what the duties of the trustees or managers are in the situation where a beneficiary does not respond to a communication that is made for the purposes of complying with the duty in subsection (3);</content></level><level class="para1"><num>(e)</num><content>provide for exceptions to the duties in subsections (2) and (3) in specified cases;</content></level><level class="para1"><num>(f)</num><content>provide for the Department or another prescribed person to issue guidance for the purposes of this section, to which trustees or managers must have regard in complying with their duties under the regulations.</content></level></subsection><subsection><num>(5)</num><content>In determining what provision to include in the regulations, the Department must have regard to any rules that are for the time being in force under section 137FB(1A) of the Financial Services and Markets Act 2000.</content></subsection><subsection><num>(6)</num><intro>In this section—</intro><hcontainer name="definition"><intro>“<term refersTo="#term-relevant-beneficiary">relevant beneficiary</term>”, in relation to a pension scheme, means—</intro><level class="para1"><num>(a)</num><content>a member of the scheme, or</content></level><level class="para1"><num>(b)</num><content>another person of a prescribed description,</content></level><wrapUp>who has a right or entitlement to flexible benefits under the scheme;</wrapUp></hcontainer><hcontainer name="definition"><content>“<term refersTo="#term-flexible-benefits">flexible benefits</term>” has the meaning given by section 74 of the Pension Schemes Act 2015;</content></hcontainer><hcontainer name="definition"><content>“<term refersTo="#term-pensions-guidance">pensions guidance</term>” means information or guidance provided by any person in pursuance of the requirements mentioned in section 4 of the Financial Guidance and Claims Act 2018 (information <abbr title="Et cetera" xml:lang="la">etc</abbr> about flexible benefits under pension schemes).</content></hcontainer></subsection></section></quotedStructure></mod></content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-19-8"><num>(8)</num><content><mod>In section 111 (powers as respects failure to comply with information requirements), in subsection (1), after “109” insert <quotedText>“ or 109B ”</quotedText>.</mod></content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-19-9"><num>(9)</num><content><mod>In section 177(6) (power of Department of Finance to direct that regulation-making powers are exercisable only in conjunction with them), after “except” insert <quotedText>“ regulations under section 109B or ”</quotedText>.</mod></content></subsection>

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" name="crossheading" ukl:Name="Pblock" eId="part-1-crossheading-unsolicited-direct-marketing-approaches"><heading>Unsolicited direct marketing approaches</heading><section eId="section-21"><num>21</num><heading>Unsolicited direct marketing: pensions</heading><subsection eId="section-21-1"><num>(1)</num><content>The Secretary of State may make regulations prohibiting unsolicited direct marketing relating to pensions.</content></subsection><subsection eId="section-21-2"><num>(2)</num><intro>The regulations may—</intro><level class="para1" eId="section-21-2-a"><num>(a)</num><content>make provision about when a communication is to be, or is not to be, treated as unsolicited;</content></level><level class="para1" eId="section-21-2-b"><num>(b)</num><content>make provision for exceptions to the prohibition;</content></level><level class="para1" eId="section-21-2-c"><num>(c)</num><content>confer functions on the Information Commissioner and on <abbr title="Office of Communications">OFCOM</abbr> (including conferring a discretion);</content></level><level class="para1" eId="section-21-2-d"><num>(d)</num><content>apply (with or without modifications) provisions of the data protection legislation or the Privacy and Electronic Communications (<abbr class="acronym" title="European Community">EC</abbr> Directive) Regulations 2003 (<abbr class="acronym" title="Statutory Instrument">S.I.</abbr> 2003/2426) (including, in particular, provisions relating to enforcement).</content></level></subsection><subsection eId="section-21-3"><num>(3)</num><intro>The regulations may—</intro><level class="para1" eId="section-21-3-a"><num>(a)</num><content>make different provision for different purposes;</content></level><level class="para1" eId="section-21-3-b"><num>(b)</num><content>make different provision for different areas;</content></level><level class="para1" eId="section-21-3-c"><num>(c)</num><content>make incidental, supplementary, consequential, transitional or saving provision.</content></level></subsection><subsection eId="section-21-4"><num>(4)</num><content>Regulations under this section are to be made by statutory instrument.</content></subsection><subsection eId="section-21-5"><num>(5)</num><content>A statutory instrument containing regulations under this section may not be made unless a draft of the instrument has been laid before, and approved by a resolution of, each House of Parliament.</content></subsection><subsection eId="section-21-6"><num>(6)</num><intro>If before the end of June in any year the Secretary of State has not made regulations under this section (whether or not in that year), the Secretary of State must—</intro><level class="para1" eId="section-21-6-a"><num>(a)</num><content>publish a statement, by the end of July in that year, explaining why regulations have not been made and setting a timetable for making the regulations, and</content></level><level class="para1" eId="section-21-6-b"><num>(b)</num><content>lay the statement before each House of Parliament.</content></level></subsection><subsection eId="section-21-7"><num>(7)</num><content>In this section, “<term refersTo="#term-ofcom" eId="term-ofcom"><abbr title="Office of Communications">OFCOM</abbr></term>” means the Office of Communications established by section 1 of the Office of Communications Act 2002.</content></subsection></section><section eId="section-22"><num>22</num><heading>Unsolicited direct marketing: other consumer financial products <abbr title="Et cetera" xml:lang="la">etc</abbr></heading><subsection eId="section-22-1"><num>(1)</num><content>The Secretary of State must keep under review whether a prohibition on unsolicited direct marketing in relation to consumer financial products and services other than pensions would be appropriate.</content></subsection><subsection eId="section-22-2"><num>(2)</num><content>If the Secretary of State considers that such a prohibition would be appropriate, the Secretary of State may make regulations applying regulations made under section 21 to other consumer financial products and services (with or without modifications).</content></subsection><subsection eId="section-22-3"><num>(3)</num><content>In considering whether to make such regulations, the Secretary of State must take into account any advice received from the single financial guidance body under section 3(7)(b)(ii) (consumer protection function: advice on effect on consumers of unsolicited direct marketing).</content></subsection><subsection eId="section-22-4"><num>(4)</num><intro>The regulations may—</intro><level class="para1" eId="section-22-4-a"><num>(a)</num><content>make different provision for different purposes;</content></level><level class="para1" eId="section-22-4-b"><num>(b)</num><content>make different provision for different areas;</content></level><level class="para1" eId="section-22-4-c"><num>(c)</num><content>make incidental, supplementary, consequential, transitional or saving provision.</content></level></subsection><subsection eId="section-22-5"><num>(5)</num><content>Regulations under this section are to be made by statutory instrument.</content></subsection><subsection eId="section-22-6"><num>(6)</num><content>A statutory instrument containing regulations under this section may not be made unless a draft of the instrument has been laid before, and approved by a resolution of, each House of Parliament.</content></subsection></section></hcontainer>

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-21"><num>21</num><heading>Unsolicited direct marketing: pensions</heading><subsection eId="section-21-1"><num>(1)</num><content>The Secretary of State may make regulations prohibiting unsolicited direct marketing relating to pensions.</content></subsection><subsection eId="section-21-2"><num>(2)</num><intro>The regulations may—</intro><level class="para1" eId="section-21-2-a"><num>(a)</num><content>make provision about when a communication is to be, or is not to be, treated as unsolicited;</content></level><level class="para1" eId="section-21-2-b"><num>(b)</num><content>make provision for exceptions to the prohibition;</content></level><level class="para1" eId="section-21-2-c"><num>(c)</num><content>confer functions on the Information Commissioner and on <abbr title="Office of Communications">OFCOM</abbr> (including conferring a discretion);</content></level><level class="para1" eId="section-21-2-d"><num>(d)</num><content>apply (with or without modifications) provisions of the data protection legislation or the Privacy and Electronic Communications (<abbr class="acronym" title="European Community">EC</abbr> Directive) Regulations 2003 (<abbr class="acronym" title="Statutory Instrument">S.I.</abbr> 2003/2426) (including, in particular, provisions relating to enforcement).</content></level></subsection><subsection eId="section-21-3"><num>(3)</num><intro>The regulations may—</intro><level class="para1" eId="section-21-3-a"><num>(a)</num><content>make different provision for different purposes;</content></level><level class="para1" eId="section-21-3-b"><num>(b)</num><content>make different provision for different areas;</content></level><level class="para1" eId="section-21-3-c"><num>(c)</num><content>make incidental, supplementary, consequential, transitional or saving provision.</content></level></subsection><subsection eId="section-21-4"><num>(4)</num><content>Regulations under this section are to be made by statutory instrument.</content></subsection><subsection eId="section-21-5"><num>(5)</num><content>A statutory instrument containing regulations under this section may not be made unless a draft of the instrument has been laid before, and approved by a resolution of, each House of Parliament.</content></subsection><subsection eId="section-21-6"><num>(6)</num><intro>If before the end of June in any year the Secretary of State has not made regulations under this section (whether or not in that year), the Secretary of State must—</intro><level class="para1" eId="section-21-6-a"><num>(a)</num><content>publish a statement, by the end of July in that year, explaining why regulations have not been made and setting a timetable for making the regulations, and</content></level><level class="para1" eId="section-21-6-b"><num>(b)</num><content>lay the statement before each House of Parliament.</content></level></subsection><subsection eId="section-21-7"><num>(7)</num><content>In this section, “<term refersTo="#term-ofcom" eId="term-ofcom"><abbr title="Office of Communications">OFCOM</abbr></term>” means the Office of Communications established by section 1 of the Office of Communications Act 2002.</content></subsection></section>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-21-1"><num>(1)</num><content>The Secretary of State may make regulations prohibiting unsolicited direct marketing relating to pensions.</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-21-2"><num>(2)</num><intro>The regulations may—</intro><level class="para1" eId="section-21-2-a"><num>(a)</num><content>make provision about when a communication is to be, or is not to be, treated as unsolicited;</content></level><level class="para1" eId="section-21-2-b"><num>(b)</num><content>make provision for exceptions to the prohibition;</content></level><level class="para1" eId="section-21-2-c"><num>(c)</num><content>confer functions on the Information Commissioner and on <abbr title="Office of Communications">OFCOM</abbr> (including conferring a discretion);</content></level><level class="para1" eId="section-21-2-d"><num>(d)</num><content>apply (with or without modifications) provisions of the data protection legislation or the Privacy and Electronic Communications (<abbr class="acronym" title="European Community">EC</abbr> Directive) Regulations 2003 (<abbr class="acronym" title="Statutory Instrument">S.I.</abbr> 2003/2426) (including, in particular, provisions relating to enforcement).</content></level></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-21-3"><num>(3)</num><intro>The regulations may—</intro><level class="para1" eId="section-21-3-a"><num>(a)</num><content>make different provision for different purposes;</content></level><level class="para1" eId="section-21-3-b"><num>(b)</num><content>make different provision for different areas;</content></level><level class="para1" eId="section-21-3-c"><num>(c)</num><content>make incidental, supplementary, consequential, transitional or saving provision.</content></level></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-21-4"><num>(4)</num><content>Regulations under this section are to be made by statutory instrument.</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-21-5"><num>(5)</num><content>A statutory instrument containing regulations under this section may not be made unless a draft of the instrument has been laid before, and approved by a resolution of, each House of Parliament.</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-21-6"><num>(6)</num><intro>If before the end of June in any year the Secretary of State has not made regulations under this section (whether or not in that year), the Secretary of State must—</intro><level class="para1" eId="section-21-6-a"><num>(a)</num><content>publish a statement, by the end of July in that year, explaining why regulations have not been made and setting a timetable for making the regulations, and</content></level><level class="para1" eId="section-21-6-b"><num>(b)</num><content>lay the statement before each House of Parliament.</content></level></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-21-7"><num>(7)</num><content>In this section, “<term refersTo="#term-ofcom" eId="term-ofcom"><abbr title="Office of Communications">OFCOM</abbr></term>” means the Office of Communications established by section 1 of the Office of Communications Act 2002.</content></subsection>

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-22"><num>22</num><heading>Unsolicited direct marketing: other consumer financial products <abbr title="Et cetera" xml:lang="la">etc</abbr></heading><subsection eId="section-22-1"><num>(1)</num><content>The Secretary of State must keep under review whether a prohibition on unsolicited direct marketing in relation to consumer financial products and services other than pensions would be appropriate.</content></subsection><subsection eId="section-22-2"><num>(2)</num><content>If the Secretary of State considers that such a prohibition would be appropriate, the Secretary of State may make regulations applying regulations made under section 21 to other consumer financial products and services (with or without modifications).</content></subsection><subsection eId="section-22-3"><num>(3)</num><content>In considering whether to make such regulations, the Secretary of State must take into account any advice received from the single financial guidance body under section 3(7)(b)(ii) (consumer protection function: advice on effect on consumers of unsolicited direct marketing).</content></subsection><subsection eId="section-22-4"><num>(4)</num><intro>The regulations may—</intro><level class="para1" eId="section-22-4-a"><num>(a)</num><content>make different provision for different purposes;</content></level><level class="para1" eId="section-22-4-b"><num>(b)</num><content>make different provision for different areas;</content></level><level class="para1" eId="section-22-4-c"><num>(c)</num><content>make incidental, supplementary, consequential, transitional or saving provision.</content></level></subsection><subsection eId="section-22-5"><num>(5)</num><content>Regulations under this section are to be made by statutory instrument.</content></subsection><subsection eId="section-22-6"><num>(6)</num><content>A statutory instrument containing regulations under this section may not be made unless a draft of the instrument has been laid before, and approved by a resolution of, each House of Parliament.</content></subsection></section>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-22-1"><num>(1)</num><content>The Secretary of State must keep under review whether a prohibition on unsolicited direct marketing in relation to consumer financial products and services other than pensions would be appropriate.</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-22-2"><num>(2)</num><content>If the Secretary of State considers that such a prohibition would be appropriate, the Secretary of State may make regulations applying regulations made under section 21 to other consumer financial products and services (with or without modifications).</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-22-3"><num>(3)</num><content>In considering whether to make such regulations, the Secretary of State must take into account any advice received from the single financial guidance body under section 3(7)(b)(ii) (consumer protection function: advice on effect on consumers of unsolicited direct marketing).</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-22-4"><num>(4)</num><intro>The regulations may—</intro><level class="para1" eId="section-22-4-a"><num>(a)</num><content>make different provision for different purposes;</content></level><level class="para1" eId="section-22-4-b"><num>(b)</num><content>make different provision for different areas;</content></level><level class="para1" eId="section-22-4-c"><num>(c)</num><content>make incidental, supplementary, consequential, transitional or saving provision.</content></level></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-22-5"><num>(5)</num><content>Regulations under this section are to be made by statutory instrument.</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-22-6"><num>(6)</num><content>A statutory instrument containing regulations under this section may not be made unless a draft of the instrument has been laid before, and approved by a resolution of, each House of Parliament.</content></subsection>

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" name="crossheading" ukl:Name="Pblock" eId="part-1-crossheading-miscellaneous"><heading>Miscellaneous</heading><section eId="section-23"><num>23</num><heading>Power to dissolve the single financial guidance body</heading><subsection eId="section-23-1"><num>(1)</num><content>The Secretary of State must keep under review the question of whether the single financial guidance body should be dissolved.</content></subsection><subsection eId="section-23-2"><num>(2)</num><content>If the Secretary of State considers that the single financial guidance body should be dissolved, he or she must carry out a public consultation.</content></subsection><subsection eId="section-23-3"><num>(3)</num><intro>If, after the period of 12 weeks beginning with the day on which the consultation began, the Secretary of State still considers dissolution of the single financial guidance body to be appropriate, he or she must lay before Parliament—</intro><level class="para1" eId="section-23-3-a"><num>(a)</num><content>draft regulations, and</content></level><level class="para1" eId="section-23-3-b"><num>(b)</num><content>an explanatory document.</content></level></subsection><subsection eId="section-23-4"><num>(4)</num><intro>The draft regulations may in particular make provision about—</intro><level class="para1" eId="section-23-4-a"><num>(a)</num><content>the transfer of the functions of the single financial guidance body to the Secretary of State or any other person;</content></level><level class="para1" eId="section-23-4-b"><num>(b)</num><content>the transfer of property, rights or liabilities of the single financial guidance body to the Secretary of State or any other person;</content></level><level class="para1" eId="section-23-4-c"><num>(c)</num><content>the creation and extinguishment of interests, rights and liabilities, in connection with provision made under paragraph (b);</content></level><level class="para1" eId="section-23-4-d"><num>(d)</num><content>the payment by the Secretary of State or the single financial guidance body of compensation to any person who suffers loss or damage as a result of the dissolution.</content></level></subsection><subsection eId="section-23-5"><num>(5)</num><intro>The draft regulations—</intro><level class="para1" eId="section-23-5-a"><num>(a)</num><content>may transfer rights and liabilities relating to employees, but</content></level><level class="para1" eId="section-23-5-b"><num>(b)</num><content>may not affect the operation of the Transfer of Undertakings (Protection of Employment) Regulations 2006 (<abbr class="acronym" title="Statutory Instrument">S.I.</abbr> 2006/246).</content></level></subsection><subsection eId="section-23-6"><num>(6)</num><intro>The draft regulations may—</intro><level class="para1" eId="section-23-6-a"><num>(a)</num><content>amend or repeal any provision of this Part;</content></level><level class="para1" eId="section-23-6-b"><num>(b)</num><content>make incidental, supplementary, consequential, transitional or saving provision.</content></level></subsection><subsection eId="section-23-7"><num>(7)</num><intro>Subsection (6)(b) includes the power to amend any provision made by or under—</intro><level class="para1" eId="section-23-7-a"><num>(a)</num><content>an Act of Parliament,</content></level><level class="para1" eId="section-23-7-b"><num>(b)</num><content>an Act of the Scottish Parliament,</content></level><level class="para1" eId="section-23-7-c"><num>(c)</num><content>a Measure or Act of the National Assembly for Wales, or</content></level><level class="para1" eId="section-23-7-d"><num>(d)</num><content>Northern Ireland legislation.</content></level></subsection></section><section eId="section-24"><num>24</num><heading>Regulations dissolving the new single financial guidance body: procedure</heading><subsection eId="section-24-1"><num>(1)</num><intro>The 40-day affirmative procedure applies to draft regulations under section 23 unless, within the period of 30 days beginning with the day on which the draft regulations were laid before Parliament—</intro><level class="para1" eId="section-24-1-a"><num>(a)</num><content>either House of Parliament resolves that the super-affirmative procedure should apply, or</content></level><level class="para1" eId="section-24-1-b"><num>(b)</num><content>a committee of either House charged with reporting on the draft regulations recommends that the super-affirmative procedure should apply and the House to which the recommendation is made does not by resolution reject the recommendation within that 30-day period.</content></level><wrapUp>In either of those cases the super-affirmative procedure applies.</wrapUp></subsection><subsection eId="section-24-2"><num>(2)</num><content>Under the 40-day affirmative procedure, if after the expiry of the period of 40 days beginning with the day on which the regulations were laid before Parliament, the draft regulations are approved by a resolution of each House of Parliament, the Secretary of State may make regulations in the terms of the draft regulations.</content></subsection><subsection eId="section-24-3"><num>(3)</num><intro>Under the super-affirmative procedure, the Secretary of State must—</intro><level class="para1" eId="section-24-3-a"><num>(a)</num><content>have regard to the matters mentioned in subsection (4), and</content></level><level class="para1" eId="section-24-3-b"><num>(b)</num><content>make the regulations in accordance with subsections (5) to (7).</content></level></subsection><subsection eId="section-24-4"><num>(4)</num><intro>The matters are—</intro><level class="para1" eId="section-24-4-a"><num>(a)</num><content>any representations,</content></level><level class="para1" eId="section-24-4-b"><num>(b)</num><content>any resolution of either House of Parliament, and</content></level><level class="para1" eId="section-24-4-c"><num>(c)</num><content>any recommendation of a committee of either House of Parliament charged with reporting on the draft regulations,</content></level><wrapUp>made in relation to the draft regulations during the period of 60 days beginning with the day on which the draft regulations were laid before Parliament.</wrapUp></subsection><subsection eId="section-24-5"><num>(5)</num><content>If, after the expiry of that 60-day period, the draft regulations are approved by a resolution of each House of Parliament, the Secretary of State may make regulations in the terms of the draft regulations.</content></subsection><subsection eId="section-24-6"><num>(6)</num><intro>If, after the expiry of that 60-day period, the Secretary of State wishes to proceed with the draft regulations but with material changes, the Secretary of State may lay before Parliament—</intro><level class="para1" eId="section-24-6-a"><num>(a)</num><content>revised draft regulations, and</content></level><level class="para1" eId="section-24-6-b"><num>(b)</num><content>a statement giving a summary of the changes proposed.</content></level></subsection><subsection eId="section-24-7"><num>(7)</num><content>If the revised draft regulations are approved by a resolution of each House of Parliament, the Secretary of State may make regulations in the terms of the revised draft regulations.</content></subsection><subsection eId="section-24-8"><num>(8)</num><content>Regulations are made in the terms of draft regulations (including revised draft regulations) if the regulations contain no material changes.</content></subsection><subsection eId="section-24-9"><num>(9)</num><content>In calculating the periods of time referred to in this section, no account is to be taken of any time during which Parliament is dissolved or prorogued or during which either House is adjourned for more than four days.</content></subsection><subsection eId="section-24-10"><num>(10)</num><content>The regulations are to be made by statutory instrument.</content></subsection></section><section eId="section-25"><num>25</num><heading>Minor and consequential amendments</heading><content>Schedule 3 contains amendments that relate to this Part.</content></section><section eId="section-26"><num>26</num><heading>Interpretation of Part 1</heading><subsection eId="section-26-1"><num>(1)</num><intro>In this Part—</intro><hcontainer name="definition"><content>“<term refersTo="#term-the-consumer-protection-function" eId="term-the-consumer-protection-function">the consumer protection function</term>” has the meaning given in section 3(7);</content></hcontainer><hcontainer name="definition"><content>“<term refersTo="#term-the-data-protection-legislation" eId="term-the-data-protection-legislation">the data protection legislation</term>” has the same meaning as in the Data Protection Act 2018 (see section 3 of that Act);</content></hcontainer><hcontainer name="definition"><content>“<term refersTo="#term-the-debt-advice-function" eId="term-the-debt-advice-function">the debt advice function</term>” has the meaning given in section 3(5);</content></hcontainer><hcontainer name="definition"><intro>“<term refersTo="#term-the-devolved-authorities" eId="term-the-devolved-authorities">the devolved authorities</term>” means—</intro><level class="para1"><num>(a)</num><content>the Scottish Ministers,</content></level><level class="para1"><num>(b)</num><content>the Welsh Ministers, and</content></level><level class="para1"><num>(c)</num><content>the Department for Communities in Northern Ireland;</content></level></hcontainer><hcontainer name="definition"><content>“<term refersTo="#term-direct-marketing" eId="term-direct-marketing">direct marketing</term>” means the communication (by whatever means) of advertising or marketing material which is directed to particular individuals;</content></hcontainer><hcontainer name="definition"><content>“<term refersTo="#term-the-fca" eId="term-the-fca">the FCA</term>” means the Financial Conduct Authority;</content></hcontainer><hcontainer name="definition"><content>“<term refersTo="#term-the-money-guidance-function" eId="term-the-money-guidance-function">the money guidance function</term>” has the meaning given in section 3(6);</content></hcontainer><hcontainer name="definition"><content>“<term refersTo="#term-the-pensions-guidance-function" eId="term-the-pensions-guidance-function">the pensions guidance function</term>” has the meaning given in section 3(4);</content></hcontainer><hcontainer name="definition"><content>“<term refersTo="#term-sfgb-delivery-partner" eId="term-sfgb-delivery-partner">SFGB delivery partner</term>” means a person with whom arrangements are made under section 5(1), (2) or (3).</content></hcontainer><hcontainer name="definition"><content>“<term refersTo="#term-standards" eId="term-standards">standards</term>” means standards set under section 9;</content></hcontainer><hcontainer name="definition"><content>“<term refersTo="#term-the-strategic-function" eId="term-the-strategic-function">the strategic function</term>” has the meaning given in section 3(9).</content></hcontainer></subsection><subsection eId="section-26-2"><num>(2)</num><content>In this Part, other than in section 1(7)(a) and paragraph 1(1) of Schedule 2, references to the Secretary of State are to be read as references to the Secretary of State or the Treasury.</content></subsection></section></hcontainer>

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-23"><num>23</num><heading>Power to dissolve the single financial guidance body</heading><subsection eId="section-23-1"><num>(1)</num><content>The Secretary of State must keep under review the question of whether the single financial guidance body should be dissolved.</content></subsection><subsection eId="section-23-2"><num>(2)</num><content>If the Secretary of State considers that the single financial guidance body should be dissolved, he or she must carry out a public consultation.</content></subsection><subsection eId="section-23-3"><num>(3)</num><intro>If, after the period of 12 weeks beginning with the day on which the consultation began, the Secretary of State still considers dissolution of the single financial guidance body to be appropriate, he or she must lay before Parliament—</intro><level class="para1" eId="section-23-3-a"><num>(a)</num><content>draft regulations, and</content></level><level class="para1" eId="section-23-3-b"><num>(b)</num><content>an explanatory document.</content></level></subsection><subsection eId="section-23-4"><num>(4)</num><intro>The draft regulations may in particular make provision about—</intro><level class="para1" eId="section-23-4-a"><num>(a)</num><content>the transfer of the functions of the single financial guidance body to the Secretary of State or any other person;</content></level><level class="para1" eId="section-23-4-b"><num>(b)</num><content>the transfer of property, rights or liabilities of the single financial guidance body to the Secretary of State or any other person;</content></level><level class="para1" eId="section-23-4-c"><num>(c)</num><content>the creation and extinguishment of interests, rights and liabilities, in connection with provision made under paragraph (b);</content></level><level class="para1" eId="section-23-4-d"><num>(d)</num><content>the payment by the Secretary of State or the single financial guidance body of compensation to any person who suffers loss or damage as a result of the dissolution.</content></level></subsection><subsection eId="section-23-5"><num>(5)</num><intro>The draft regulations—</intro><level class="para1" eId="section-23-5-a"><num>(a)</num><content>may transfer rights and liabilities relating to employees, but</content></level><level class="para1" eId="section-23-5-b"><num>(b)</num><content>may not affect the operation of the Transfer of Undertakings (Protection of Employment) Regulations 2006 (<abbr class="acronym" title="Statutory Instrument">S.I.</abbr> 2006/246).</content></level></subsection><subsection eId="section-23-6"><num>(6)</num><intro>The draft regulations may—</intro><level class="para1" eId="section-23-6-a"><num>(a)</num><content>amend or repeal any provision of this Part;</content></level><level class="para1" eId="section-23-6-b"><num>(b)</num><content>make incidental, supplementary, consequential, transitional or saving provision.</content></level></subsection><subsection eId="section-23-7"><num>(7)</num><intro>Subsection (6)(b) includes the power to amend any provision made by or under—</intro><level class="para1" eId="section-23-7-a"><num>(a)</num><content>an Act of Parliament,</content></level><level class="para1" eId="section-23-7-b"><num>(b)</num><content>an Act of the Scottish Parliament,</content></level><level class="para1" eId="section-23-7-c"><num>(c)</num><content>a Measure or Act of the National Assembly for Wales, or</content></level><level class="para1" eId="section-23-7-d"><num>(d)</num><content>Northern Ireland legislation.</content></level></subsection></section>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-23-1"><num>(1)</num><content>The Secretary of State must keep under review the question of whether the single financial guidance body should be dissolved.</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-23-2"><num>(2)</num><content>If the Secretary of State considers that the single financial guidance body should be dissolved, he or she must carry out a public consultation.</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-23-3"><num>(3)</num><intro>If, after the period of 12 weeks beginning with the day on which the consultation began, the Secretary of State still considers dissolution of the single financial guidance body to be appropriate, he or she must lay before Parliament—</intro><level class="para1" eId="section-23-3-a"><num>(a)</num><content>draft regulations, and</content></level><level class="para1" eId="section-23-3-b"><num>(b)</num><content>an explanatory document.</content></level></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-23-4"><num>(4)</num><intro>The draft regulations may in particular make provision about—</intro><level class="para1" eId="section-23-4-a"><num>(a)</num><content>the transfer of the functions of the single financial guidance body to the Secretary of State or any other person;</content></level><level class="para1" eId="section-23-4-b"><num>(b)</num><content>the transfer of property, rights or liabilities of the single financial guidance body to the Secretary of State or any other person;</content></level><level class="para1" eId="section-23-4-c"><num>(c)</num><content>the creation and extinguishment of interests, rights and liabilities, in connection with provision made under paragraph (b);</content></level><level class="para1" eId="section-23-4-d"><num>(d)</num><content>the payment by the Secretary of State or the single financial guidance body of compensation to any person who suffers loss or damage as a result of the dissolution.</content></level></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-23-5"><num>(5)</num><intro>The draft regulations—</intro><level class="para1" eId="section-23-5-a"><num>(a)</num><content>may transfer rights and liabilities relating to employees, but</content></level><level class="para1" eId="section-23-5-b"><num>(b)</num><content>may not affect the operation of the Transfer of Undertakings (Protection of Employment) Regulations 2006 (<abbr class="acronym" title="Statutory Instrument">S.I.</abbr> 2006/246).</content></level></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-23-6"><num>(6)</num><intro>The draft regulations may—</intro><level class="para1" eId="section-23-6-a"><num>(a)</num><content>amend or repeal any provision of this Part;</content></level><level class="para1" eId="section-23-6-b"><num>(b)</num><content>make incidental, supplementary, consequential, transitional or saving provision.</content></level></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-23-7"><num>(7)</num><intro>Subsection (6)(b) includes the power to amend any provision made by or under—</intro><level class="para1" eId="section-23-7-a"><num>(a)</num><content>an Act of Parliament,</content></level><level class="para1" eId="section-23-7-b"><num>(b)</num><content>an Act of the Scottish Parliament,</content></level><level class="para1" eId="section-23-7-c"><num>(c)</num><content>a Measure or Act of the National Assembly for Wales, or</content></level><level class="para1" eId="section-23-7-d"><num>(d)</num><content>Northern Ireland legislation.</content></level></subsection>

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-24"><num>24</num><heading>Regulations dissolving the new single financial guidance body: procedure</heading><subsection eId="section-24-1"><num>(1)</num><intro>The 40-day affirmative procedure applies to draft regulations under section 23 unless, within the period of 30 days beginning with the day on which the draft regulations were laid before Parliament—</intro><level class="para1" eId="section-24-1-a"><num>(a)</num><content>either House of Parliament resolves that the super-affirmative procedure should apply, or</content></level><level class="para1" eId="section-24-1-b"><num>(b)</num><content>a committee of either House charged with reporting on the draft regulations recommends that the super-affirmative procedure should apply and the House to which the recommendation is made does not by resolution reject the recommendation within that 30-day period.</content></level><wrapUp>In either of those cases the super-affirmative procedure applies.</wrapUp></subsection><subsection eId="section-24-2"><num>(2)</num><content>Under the 40-day affirmative procedure, if after the expiry of the period of 40 days beginning with the day on which the regulations were laid before Parliament, the draft regulations are approved by a resolution of each House of Parliament, the Secretary of State may make regulations in the terms of the draft regulations.</content></subsection><subsection eId="section-24-3"><num>(3)</num><intro>Under the super-affirmative procedure, the Secretary of State must—</intro><level class="para1" eId="section-24-3-a"><num>(a)</num><content>have regard to the matters mentioned in subsection (4), and</content></level><level class="para1" eId="section-24-3-b"><num>(b)</num><content>make the regulations in accordance with subsections (5) to (7).</content></level></subsection><subsection eId="section-24-4"><num>(4)</num><intro>The matters are—</intro><level class="para1" eId="section-24-4-a"><num>(a)</num><content>any representations,</content></level><level class="para1" eId="section-24-4-b"><num>(b)</num><content>any resolution of either House of Parliament, and</content></level><level class="para1" eId="section-24-4-c"><num>(c)</num><content>any recommendation of a committee of either House of Parliament charged with reporting on the draft regulations,</content></level><wrapUp>made in relation to the draft regulations during the period of 60 days beginning with the day on which the draft regulations were laid before Parliament.</wrapUp></subsection><subsection eId="section-24-5"><num>(5)</num><content>If, after the expiry of that 60-day period, the draft regulations are approved by a resolution of each House of Parliament, the Secretary of State may make regulations in the terms of the draft regulations.</content></subsection><subsection eId="section-24-6"><num>(6)</num><intro>If, after the expiry of that 60-day period, the Secretary of State wishes to proceed with the draft regulations but with material changes, the Secretary of State may lay before Parliament—</intro><level class="para1" eId="section-24-6-a"><num>(a)</num><content>revised draft regulations, and</content></level><level class="para1" eId="section-24-6-b"><num>(b)</num><content>a statement giving a summary of the changes proposed.</content></level></subsection><subsection eId="section-24-7"><num>(7)</num><content>If the revised draft regulations are approved by a resolution of each House of Parliament, the Secretary of State may make regulations in the terms of the revised draft regulations.</content></subsection><subsection eId="section-24-8"><num>(8)</num><content>Regulations are made in the terms of draft regulations (including revised draft regulations) if the regulations contain no material changes.</content></subsection><subsection eId="section-24-9"><num>(9)</num><content>In calculating the periods of time referred to in this section, no account is to be taken of any time during which Parliament is dissolved or prorogued or during which either House is adjourned for more than four days.</content></subsection><subsection eId="section-24-10"><num>(10)</num><content>The regulations are to be made by statutory instrument.</content></subsection></section>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-24-1"><num>(1)</num><intro>The 40-day affirmative procedure applies to draft regulations under section 23 unless, within the period of 30 days beginning with the day on which the draft regulations were laid before Parliament—</intro><level class="para1" eId="section-24-1-a"><num>(a)</num><content>either House of Parliament resolves that the super-affirmative procedure should apply, or</content></level><level class="para1" eId="section-24-1-b"><num>(b)</num><content>a committee of either House charged with reporting on the draft regulations recommends that the super-affirmative procedure should apply and the House to which the recommendation is made does not by resolution reject the recommendation within that 30-day period.</content></level><wrapUp>In either of those cases the super-affirmative procedure applies.</wrapUp></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-24-2"><num>(2)</num><content>Under the 40-day affirmative procedure, if after the expiry of the period of 40 days beginning with the day on which the regulations were laid before Parliament, the draft regulations are approved by a resolution of each House of Parliament, the Secretary of State may make regulations in the terms of the draft regulations.</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-24-3"><num>(3)</num><intro>Under the super-affirmative procedure, the Secretary of State must—</intro><level class="para1" eId="section-24-3-a"><num>(a)</num><content>have regard to the matters mentioned in subsection (4), and</content></level><level class="para1" eId="section-24-3-b"><num>(b)</num><content>make the regulations in accordance with subsections (5) to (7).</content></level></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-24-4"><num>(4)</num><intro>The matters are—</intro><level class="para1" eId="section-24-4-a"><num>(a)</num><content>any representations,</content></level><level class="para1" eId="section-24-4-b"><num>(b)</num><content>any resolution of either House of Parliament, and</content></level><level class="para1" eId="section-24-4-c"><num>(c)</num><content>any recommendation of a committee of either House of Parliament charged with reporting on the draft regulations,</content></level><wrapUp>made in relation to the draft regulations during the period of 60 days beginning with the day on which the draft regulations were laid before Parliament.</wrapUp></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-24-5"><num>(5)</num><content>If, after the expiry of that 60-day period, the draft regulations are approved by a resolution of each House of Parliament, the Secretary of State may make regulations in the terms of the draft regulations.</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-24-6"><num>(6)</num><intro>If, after the expiry of that 60-day period, the Secretary of State wishes to proceed with the draft regulations but with material changes, the Secretary of State may lay before Parliament—</intro><level class="para1" eId="section-24-6-a"><num>(a)</num><content>revised draft regulations, and</content></level><level class="para1" eId="section-24-6-b"><num>(b)</num><content>a statement giving a summary of the changes proposed.</content></level></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-24-7"><num>(7)</num><content>If the revised draft regulations are approved by a resolution of each House of Parliament, the Secretary of State may make regulations in the terms of the revised draft regulations.</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-24-8"><num>(8)</num><content>Regulations are made in the terms of draft regulations (including revised draft regulations) if the regulations contain no material changes.</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-24-9"><num>(9)</num><content>In calculating the periods of time referred to in this section, no account is to be taken of any time during which Parliament is dissolved or prorogued or during which either House is adjourned for more than four days.</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-24-10"><num>(10)</num><content>The regulations are to be made by statutory instrument.</content></subsection>

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-25"><num>25</num><heading>Minor and consequential amendments</heading><content>Schedule 3 contains amendments that relate to this Part.</content></section>

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-26"><num>26</num><heading>Interpretation of Part 1</heading><subsection eId="section-26-1"><num>(1)</num><intro>In this Part—</intro><hcontainer name="definition"><content>“<term refersTo="#term-the-consumer-protection-function" eId="term-the-consumer-protection-function">the consumer protection function</term>” has the meaning given in section 3(7);</content></hcontainer><hcontainer name="definition"><content>“<term refersTo="#term-the-data-protection-legislation" eId="term-the-data-protection-legislation">the data protection legislation</term>” has the same meaning as in the Data Protection Act 2018 (see section 3 of that Act);</content></hcontainer><hcontainer name="definition"><content>“<term refersTo="#term-the-debt-advice-function" eId="term-the-debt-advice-function">the debt advice function</term>” has the meaning given in section 3(5);</content></hcontainer><hcontainer name="definition"><intro>“<term refersTo="#term-the-devolved-authorities" eId="term-the-devolved-authorities">the devolved authorities</term>” means—</intro><level class="para1"><num>(a)</num><content>the Scottish Ministers,</content></level><level class="para1"><num>(b)</num><content>the Welsh Ministers, and</content></level><level class="para1"><num>(c)</num><content>the Department for Communities in Northern Ireland;</content></level></hcontainer><hcontainer name="definition"><content>“<term refersTo="#term-direct-marketing" eId="term-direct-marketing">direct marketing</term>” means the communication (by whatever means) of advertising or marketing material which is directed to particular individuals;</content></hcontainer><hcontainer name="definition"><content>“<term refersTo="#term-the-fca" eId="term-the-fca">the FCA</term>” means the Financial Conduct Authority;</content></hcontainer><hcontainer name="definition"><content>“<term refersTo="#term-the-money-guidance-function" eId="term-the-money-guidance-function">the money guidance function</term>” has the meaning given in section 3(6);</content></hcontainer><hcontainer name="definition"><content>“<term refersTo="#term-the-pensions-guidance-function" eId="term-the-pensions-guidance-function">the pensions guidance function</term>” has the meaning given in section 3(4);</content></hcontainer><hcontainer name="definition"><content>“<term refersTo="#term-sfgb-delivery-partner" eId="term-sfgb-delivery-partner">SFGB delivery partner</term>” means a person with whom arrangements are made under section 5(1), (2) or (3).</content></hcontainer><hcontainer name="definition"><content>“<term refersTo="#term-standards" eId="term-standards">standards</term>” means standards set under section 9;</content></hcontainer><hcontainer name="definition"><content>“<term refersTo="#term-the-strategic-function" eId="term-the-strategic-function">the strategic function</term>” has the meaning given in section 3(9).</content></hcontainer></subsection><subsection eId="section-26-2"><num>(2)</num><content>In this Part, other than in section 1(7)(a) and paragraph 1(1) of Schedule 2, references to the Secretary of State are to be read as references to the Secretary of State or the Treasury.</content></subsection></section>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-26-1"><num>(1)</num><intro>In this Part—</intro><hcontainer name="definition"><content>“<term refersTo="#term-the-consumer-protection-function" eId="term-the-consumer-protection-function">the consumer protection function</term>” has the meaning given in section 3(7);</content></hcontainer><hcontainer name="definition"><content>“<term refersTo="#term-the-data-protection-legislation" eId="term-the-data-protection-legislation">the data protection legislation</term>” has the same meaning as in the Data Protection Act 2018 (see section 3 of that Act);</content></hcontainer><hcontainer name="definition"><content>“<term refersTo="#term-the-debt-advice-function" eId="term-the-debt-advice-function">the debt advice function</term>” has the meaning given in section 3(5);</content></hcontainer><hcontainer name="definition"><intro>“<term refersTo="#term-the-devolved-authorities" eId="term-the-devolved-authorities">the devolved authorities</term>” means—</intro><level class="para1"><num>(a)</num><content>the Scottish Ministers,</content></level><level class="para1"><num>(b)</num><content>the Welsh Ministers, and</content></level><level class="para1"><num>(c)</num><content>the Department for Communities in Northern Ireland;</content></level></hcontainer><hcontainer name="definition"><content>“<term refersTo="#term-direct-marketing" eId="term-direct-marketing">direct marketing</term>” means the communication (by whatever means) of advertising or marketing material which is directed to particular individuals;</content></hcontainer><hcontainer name="definition"><content>“<term refersTo="#term-the-fca" eId="term-the-fca">the FCA</term>” means the Financial Conduct Authority;</content></hcontainer><hcontainer name="definition"><content>“<term refersTo="#term-the-money-guidance-function" eId="term-the-money-guidance-function">the money guidance function</term>” has the meaning given in section 3(6);</content></hcontainer><hcontainer name="definition"><content>“<term refersTo="#term-the-pensions-guidance-function" eId="term-the-pensions-guidance-function">the pensions guidance function</term>” has the meaning given in section 3(4);</content></hcontainer><hcontainer name="definition"><content>“<term refersTo="#term-sfgb-delivery-partner" eId="term-sfgb-delivery-partner">SFGB delivery partner</term>” means a person with whom arrangements are made under section 5(1), (2) or (3).</content></hcontainer><hcontainer name="definition"><content>“<term refersTo="#term-standards" eId="term-standards">standards</term>” means standards set under section 9;</content></hcontainer><hcontainer name="definition"><content>“<term refersTo="#term-the-strategic-function" eId="term-the-strategic-function">the strategic function</term>” has the meaning given in section 3(9).</content></hcontainer></subsection>

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="definition"><content>“<term refersTo="#term-regulated-claims-management-activity-order" eId="term-regulated-claims-management-activity-order">regulated claims management activity order</term>” has the meaning given in paragraph 1(b).</content></hcontainer>

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="definition"><content>“the data protection legislation” has the same meaning as in the Data Protection Act 2018 (see section 3 of that Act);</content></hcontainer>

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" name="schedule" eId="schedule-1"><num>SCHEDULE 1<authorialNote class="referenceNote"> Section 1</authorialNote></num><heading>THE SINGLE FINANCIAL GUIDANCE BODY</heading><hcontainer name="crossheading" ukl:Name="Pblock" eId="schedule-1-crossheading-status"><heading>Status</heading><paragraph eId="schedule-1-paragraph-1" class="schProv1"><num>1</num><subparagraph eId="schedule-1-paragraph-1-1"><num>(1)</num><intro>The single financial guidance body is not to be regarded—</intro><level class="para1" eId="schedule-1-paragraph-1-1-a"><num>(a)</num><content>as a servant or agent of the Crown, or</content></level><level class="para1" eId="schedule-1-paragraph-1-1-b"><num>(b)</num><content>as enjoying any status, immunity or privilege of the Crown.</content></level></subparagraph><subparagraph eId="schedule-1-paragraph-1-2"><num>(2)</num><content>The members and employees of the single financial guidance body are not to be regarded as Crown servants.</content></subparagraph></paragraph></hcontainer><hcontainer name="crossheading" ukl:Name="Pblock" eId="schedule-1-crossheading-members-general"><heading>Members: general</heading><paragraph eId="schedule-1-paragraph-2" class="schProv1"><num>2</num><subparagraph eId="schedule-1-paragraph-2-1"><num>(1)</num><intro>The single financial guidance body is to consist of—</intro><level class="para1" eId="schedule-1-paragraph-2-1-a"><num>(a)</num><content>a chair (who is to be a non-executive member of the body) appointed by the Secretary of State,</content></level><level class="para1" eId="schedule-1-paragraph-2-1-b"><num>(b)</num><content>other non-executive members appointed by the Secretary of State, and</content></level><level class="para1" eId="schedule-1-paragraph-2-1-c"><num>(c)</num><content>executive members, appointed in accordance with paragraph 6.</content></level></subparagraph><subparagraph eId="schedule-1-paragraph-2-2"><num>(2)</num><content>The Secretary of State and the non-executive members must ensure, so far as practicable, that the number of non-executive members is at all times greater than the number of executive members.</content></subparagraph></paragraph></hcontainer><hcontainer name="crossheading" ukl:Name="Pblock" eId="schedule-1-crossheading-nonexecutive-members-tenure"><heading>Non-executive members: tenure</heading><paragraph eId="schedule-1-paragraph-3" class="schProv1"><num>3</num><subparagraph eId="schedule-1-paragraph-3-1"><num>(1)</num><content>The non-executive members hold and vacate office in accordance with the terms of their appointment (subject to this Schedule).</content></subparagraph><subparagraph eId="schedule-1-paragraph-3-2"><num>(2)</num><content>A non-executive member may resign by notice in writing to the Secretary of State.</content></subparagraph><subparagraph eId="schedule-1-paragraph-3-3"><num>(3)</num><intro>The Secretary of State may remove a non-executive member from office by notice if the Secretary of State is satisfied that the member—</intro><level class="para1" eId="schedule-1-paragraph-3-3-a"><num>(a)</num><content>has a conflict of interest (see paragraph 4),</content></level><level class="para1" eId="schedule-1-paragraph-3-3-b"><num>(b)</num><content>has at any time been the subject of a bankruptcy order or has had his or her estate sequestrated,</content></level><level class="para1" eId="schedule-1-paragraph-3-3-c"><num>(c)</num><content>has at any time made a composition or arrangement with, or granted a trust deed for, his or her creditors,</content></level><level class="para1" eId="schedule-1-paragraph-3-3-d"><num>(d)</num><content>has at any time been convicted of any offence involving dishonesty or deception,</content></level><level class="para1" eId="schedule-1-paragraph-3-3-e"><num>(e)</num><content>is unfit for office by reason of misconduct,</content></level><level class="para1" eId="schedule-1-paragraph-3-3-f"><num>(f)</num><content>has failed to comply with the terms of his or her appointment,</content></level><level class="para1" eId="schedule-1-paragraph-3-3-g"><num>(g)</num><content>has without reasonable excuse failed to discharge the functions of his or her office, or</content></level><level class="para1" eId="schedule-1-paragraph-3-3-h"><num>(h)</num><content>is otherwise incapable of discharging, or unfit or unwilling to discharge, the functions of his or her office.</content></level></subparagraph></paragraph></hcontainer><hcontainer name="crossheading" ukl:Name="Pblock" eId="schedule-1-crossheading-nonexecutive-members-conflicts-of-interest"><heading>Non-executive members: conflicts of interest</heading><paragraph eId="schedule-1-paragraph-4" class="schProv1"><num>4</num><subparagraph eId="schedule-1-paragraph-4-1"><num>(1)</num><content>Before appointing a person to be a non-executive member, the Secretary of State must be satisfied that the person does not have a conflict of interest.</content></subparagraph><subparagraph eId="schedule-1-paragraph-4-2"><num>(2)</num><content>A non-executive member, or a person the Secretary of State proposes to appoint as a non-executive member, must provide the Secretary of State with such information as the Secretary of State requires from the person in order to determine whether the person has a conflict of interest (whether for the purposes of sub-paragraph (1) or paragraph 3(3)(a)).</content></subparagraph><subparagraph eId="schedule-1-paragraph-4-3"><num>(3)</num><content>In this Schedule, “<term refersTo="#term-conflict-of-interest" eId="term-conflict-of-interest">conflict of interest</term>”, in relation to a person, means a financial or other interest which is likely to affect prejudicially the discharge by the person of his or her functions as a member or employee of the single financial guidance body, or as a member of a committee or sub-committee of the single financial guidance body.</content></subparagraph></paragraph></hcontainer><hcontainer name="crossheading" ukl:Name="Pblock" eId="schedule-1-crossheading-nonexecutive-members-remuneration-etc"><heading>Non-executive members: remuneration <abbr title="Et cetera" xml:lang="la">etc</abbr></heading><paragraph eId="schedule-1-paragraph-5" class="schProv1"><num>5</num><subparagraph eId="schedule-1-paragraph-5-1"><num>(1)</num><intro>The single financial guidance body may—</intro><level class="para1" eId="schedule-1-paragraph-5-1-a"><num>(a)</num><content>pay to the non-executive members such remuneration, and</content></level><level class="para1" eId="schedule-1-paragraph-5-1-b"><num>(b)</num><content>pay to or in respect of the non-executive members such sums by way of or in respect of allowances and gratuities,</content></level><wrapUp>as the Secretary of State may determine.</wrapUp></subparagraph><subparagraph eId="schedule-1-paragraph-5-2"><num>(2)</num><intro>Where—</intro><level class="para1" eId="schedule-1-paragraph-5-2-a"><num>(a)</num><content>a person whose term of office as a non-executive member has not expired ceases to hold that office, and</content></level><level class="para1" eId="schedule-1-paragraph-5-2-b"><num>(b)</num><content>the Secretary of State thinks there are special circumstances that make it right for the person to receive compensation,</content></level><wrapUp>the single financial guidance body may make a payment to the person of such amount as the Secretary of State may determine.</wrapUp></subparagraph></paragraph></hcontainer><hcontainer name="crossheading" ukl:Name="Pblock" eId="schedule-1-crossheading-executive-members-appointment"><heading>Executive members: appointment</heading><paragraph eId="schedule-1-paragraph-6" class="schProv1"><num>6</num><subparagraph eId="schedule-1-paragraph-6-1"><num>(1)</num><intro>Before the date on which the single financial guidance body first starts to provide services to members of the public, the Secretary of State must appoint—</intro><level class="para1" eId="schedule-1-paragraph-6-1-a"><num>(a)</num><content>a person to be the chief executive of the single financial guidance body, and</content></level><level class="para1" eId="schedule-1-paragraph-6-1-b"><num>(b)</num><content>other persons to be the executive members of the body.</content></level></subparagraph><subparagraph eId="schedule-1-paragraph-6-2"><num>(2)</num><content>Appointments of executive members (including the chief executive) made on or after the date on which the single financial guidance body first starts to provide services to members of the public are to be made by the single financial guidance body, with the approval of the Secretary of State.</content></subparagraph></paragraph></hcontainer><hcontainer name="crossheading" ukl:Name="Pblock" eId="schedule-1-crossheading-executive-members-terms-and-conditions"><heading>Executive members: terms and conditions</heading><paragraph eId="schedule-1-paragraph-7" class="schProv1"><num>7</num><subparagraph eId="schedule-1-paragraph-7-1"><num>(1)</num><content>The executive members are to be employees of the single financial guidance body.</content></subparagraph><subparagraph eId="schedule-1-paragraph-7-2"><num>(2)</num><content>Executive members appointed under paragraph 6(1) are to be employed by the single financial guidance body on such terms and conditions, including those as to remuneration, as the Secretary of State may determine.</content></subparagraph><subparagraph eId="schedule-1-paragraph-7-3"><num>(3)</num><content>Executive members appointed under paragraph 6(2) are to be employed by the single financial guidance body on such terms and conditions, including those as to remuneration, as the body may determine, with the approval of the Secretary of State.</content></subparagraph><subparagraph eId="schedule-1-paragraph-7-4"><num>(4)</num><intro>The single financial guidance body must—</intro><level class="para1" eId="schedule-1-paragraph-7-4-a"><num>(a)</num><content>pay to or in respect of the executive members such pensions, allowances and gratuities, or</content></level><level class="para1" eId="schedule-1-paragraph-7-4-b"><num>(b)</num><content>provide and maintain for them such pension schemes (whether contributory or not),</content></level><wrapUp>as the body may determine, with the approval of the Secretary of State.</wrapUp></subparagraph></paragraph></hcontainer><hcontainer name="crossheading" ukl:Name="Pblock" eId="schedule-1-crossheading-other-staff-appointment-terms-and-conditions"><heading>Other staff: appointment, terms and conditions</heading><paragraph eId="schedule-1-paragraph-8" class="schProv1"><num>8</num><content>The single financial guidance body may appoint other employees on such terms and conditions, including those as to remuneration and pension arrangements, as the single financial guidance body may determine.</content></paragraph></hcontainer><hcontainer name="crossheading" ukl:Name="Pblock" eId="schedule-1-crossheading-committees"><heading>Committees</heading><paragraph eId="schedule-1-paragraph-9" class="schProv1"><num>9</num><subparagraph eId="schedule-1-paragraph-9-1"><num>(1)</num><intro>The single financial guidance body may—</intro><level class="para1" eId="schedule-1-paragraph-9-1-a"><num>(a)</num><content>establish a committee for the purpose of discharging any of its functions, and</content></level><level class="para1" eId="schedule-1-paragraph-9-1-b"><num>(b)</num><content>establish a committee for the purpose of giving advice to the body about matters relating to the discharge of its functions.</content></level></subparagraph><subparagraph eId="schedule-1-paragraph-9-2"><num>(2)</num><content>A committee may consist of or include persons who are neither members nor employees of the single financial guidance body.</content></subparagraph><subparagraph eId="schedule-1-paragraph-9-3"><num>(3)</num><content>But a committee that discharges any functions of the single financial guidance body, by virtue of sub-paragraph (1)(a) or paragraph 10, must include at least one person who is either a member or an employee of the single financial guidance body.</content></subparagraph><subparagraph eId="schedule-1-paragraph-9-4"><num>(4)</num><content>Where a person who is neither a member nor an employee of the single financial guidance body is a member of a committee, the body may pay to that person such remuneration and expenses as it may determine.</content></subparagraph><subparagraph eId="schedule-1-paragraph-9-5"><num>(5)</num><content>A committee may establish a sub-committee.</content></subparagraph><subparagraph eId="schedule-1-paragraph-9-6"><num>(6)</num><content>A sub-committee must include at least one person who is a member of the committee that established it.</content></subparagraph><subparagraph eId="schedule-1-paragraph-9-7"><num>(7)</num><content>A sub-committee that discharges any functions of the single financial guidance body must include at least one person who is either a member or an employee of the single financial guidance body.</content></subparagraph></paragraph></hcontainer><hcontainer name="crossheading" ukl:Name="Pblock" eId="schedule-1-crossheading-delegation"><heading>Delegation</heading><paragraph eId="schedule-1-paragraph-10" class="schProv1"><num>10</num><subparagraph eId="schedule-1-paragraph-10-1"><num>(1)</num><intro>The single financial guidance body may delegate any function conferred on it to—</intro><level class="para1" eId="schedule-1-paragraph-10-1-a"><num>(a)</num><content>a committee,</content></level><level class="para1" eId="schedule-1-paragraph-10-1-b"><num>(b)</num><content>a member, or</content></level><level class="para1" eId="schedule-1-paragraph-10-1-c"><num>(c)</num><content>an employee.</content></level></subparagraph><subparagraph eId="schedule-1-paragraph-10-2"><num>(2)</num><intro>A committee may delegate any function conferred on it to—</intro><level class="para1" eId="schedule-1-paragraph-10-2-a"><num>(a)</num><content>a sub-committee,</content></level><level class="para1" eId="schedule-1-paragraph-10-2-b"><num>(b)</num><content>a member of the committee,</content></level><level class="para1" eId="schedule-1-paragraph-10-2-c"><num>(c)</num><content>a member of the single financial guidance body, or</content></level><level class="para1" eId="schedule-1-paragraph-10-2-d"><num>(d)</num><content>an employee of the single financial guidance body.</content></level></subparagraph></paragraph></hcontainer><hcontainer name="crossheading" ukl:Name="Pblock" eId="schedule-1-crossheading-procedure-etc"><heading>Procedure <abbr title="Et cetera" xml:lang="la">etc</abbr></heading><paragraph eId="schedule-1-paragraph-11" class="schProv1"><num>11</num><subparagraph eId="schedule-1-paragraph-11-1"><num>(1)</num><content>The single financial guidance body may regulate its own procedures (including quorum) and the procedures of its committees and sub-committees.</content></subparagraph><subparagraph eId="schedule-1-paragraph-11-2"><num>(2)</num><intro>The single financial guidance body's procedures must include arrangements for dealing with conflicts of interests of members, employees and members of committees and sub-committees, which must oblige a person who has or may have a conflict of interest—</intro><level class="para1" eId="schedule-1-paragraph-11-2-a"><num>(a)</num><content>to declare any financial or other personal interest relevant to the exercise of a function, and</content></level><level class="para1" eId="schedule-1-paragraph-11-2-b"><num>(b)</num><content>to withdraw from the exercise of the function, unless the single financial guidance body directs otherwise, being satisfied that the interest will not influence the exercise of the function.</content></level><wrapUp>For the meaning of “conflict of interest” in this Schedule, see paragraph 4(3).</wrapUp></subparagraph><subparagraph eId="schedule-1-paragraph-11-3"><num>(3)</num><content>The single financial guidance body must publish details of its procedures and the procedures of its committees and sub-committees.</content></subparagraph><subparagraph eId="schedule-1-paragraph-11-4"><num>(4)</num><intro>The single financial guidance body must make arrangements for the keeping of proper records—</intro><level class="para1" eId="schedule-1-paragraph-11-4-a"><num>(a)</num><content>of its proceedings,</content></level><level class="para1" eId="schedule-1-paragraph-11-4-b"><num>(b)</num><content>of the proceedings of its committees and sub-committees,</content></level><level class="para1" eId="schedule-1-paragraph-11-4-c"><num>(c)</num><content>of anything done by a person to whom functions have been delegated (see paragraph 10).</content></level></subparagraph></paragraph></hcontainer><hcontainer name="crossheading" ukl:Name="Pblock" eId="schedule-1-crossheading-validity-of-acts"><heading>Validity of acts</heading><paragraph eId="schedule-1-paragraph-12" class="schProv1"><num>12</num><content>A defect in appointment does not affect the validity of things done by a member of the single financial guidance body.</content></paragraph></hcontainer><hcontainer name="crossheading" ukl:Name="Pblock" eId="schedule-1-crossheading-authentication-of-seal"><heading>Authentication of seal</heading><paragraph eId="schedule-1-paragraph-13" class="schProv1"><num>13</num><subparagraph eId="schedule-1-paragraph-13-1"><num>(1)</num><intro>The application of the single financial guidance body's seal must be authenticated by the signature of—</intro><level class="para1" eId="schedule-1-paragraph-13-1-a"><num>(a)</num><content>a member of the single financial guidance body, or</content></level><level class="para1" eId="schedule-1-paragraph-13-1-b"><num>(b)</num><content>some other person who has been authorised by the single financial guidance body for that purpose (whether generally or specifically).</content></level></subparagraph><subparagraph eId="schedule-1-paragraph-13-2"><num>(2)</num><content>A document appearing to be duly sealed or signed on behalf of the single financial guidance body is to be received in evidence and, unless the contrary is proved, is to be taken to be duly signed or sealed.</content></subparagraph><subparagraph eId="schedule-1-paragraph-13-3"><num>(3)</num><content>This paragraph does not apply to Scotland.</content></subparagraph></paragraph></hcontainer><hcontainer name="crossheading" ukl:Name="Pblock" eId="schedule-1-crossheading-reports-and-accounts"><heading>Reports and accounts</heading><paragraph eId="schedule-1-paragraph-14" class="schProv1"><num>14</num><subparagraph eId="schedule-1-paragraph-14-1"><num>(1)</num><content>As soon as reasonably practicable after the end of each financial year, the single financial guidance body must send to the Secretary of State a report on the exercise of the single financial guidance body's functions during that year.</content></subparagraph><subparagraph eId="schedule-1-paragraph-14-2"><num>(2)</num><intro>The report must include—</intro><level class="para1" eId="schedule-1-paragraph-14-2-a"><num>(a)</num><content>a report on the proceedings of the single financial guidance body during the year, and</content></level><level class="para1" eId="schedule-1-paragraph-14-2-b"><num>(b)</num><content>such other information as the Secretary of State may direct.</content></level></subparagraph><subparagraph eId="schedule-1-paragraph-14-3"><num>(3)</num><content>On receiving the report, the Secretary of State must lay it before Parliament.</content></subparagraph><subparagraph eId="schedule-1-paragraph-14-4"><num>(4)</num><intro>The single financial guidance body must—</intro><level class="para1" eId="schedule-1-paragraph-14-4-a"><num>(a)</num><content>keep proper accounting records, and</content></level><level class="para1" eId="schedule-1-paragraph-14-4-b"><num>(b)</num><content>prepare a statement of accounts in respect of each financial year.</content></level></subparagraph><subparagraph eId="schedule-1-paragraph-14-5"><num>(5)</num><content>The statement must be in such form as the Secretary of State may direct.</content></subparagraph><subparagraph eId="schedule-1-paragraph-14-6"><num>(6)</num><intro>The single financial guidance body must send a copy of the statement of accounts to—</intro><level class="para1" eId="schedule-1-paragraph-14-6-a"><num>(a)</num><content>the Secretary of State, and</content></level><level class="para1" eId="schedule-1-paragraph-14-6-b"><num>(b)</num><content>the Comptroller and Auditor General,</content></level><wrapUp>within the time period directed by the Secretary of State.</wrapUp></subparagraph><subparagraph eId="schedule-1-paragraph-14-7"><num>(7)</num><intro>The Comptroller and Auditor General must—</intro><level class="para1" eId="schedule-1-paragraph-14-7-a"><num>(a)</num><content>examine, certify and report on the statement of accounts, and</content></level><level class="para1" eId="schedule-1-paragraph-14-7-b"><num>(b)</num><content>send a copy of the report to the Secretary of State.</content></level></subparagraph><subparagraph eId="schedule-1-paragraph-14-8"><num>(8)</num><content>The Secretary of State must lay before Parliament the statement of accounts and the report of the Comptroller and Auditor General.</content></subparagraph><subparagraph eId="schedule-1-paragraph-14-9"><num>(9)</num><intro>In this paragraph, “<term refersTo="#term-financial-year" eId="term-financial-year">financial year</term>” means—</intro><level class="para1" eId="schedule-1-paragraph-14-9-a"><num>(a)</num><content>the period beginning with the day on which this Schedule comes into force and ending with the following 31st March, and</content></level><level class="para1" eId="schedule-1-paragraph-14-9-b"><num>(b)</num><content>every subsequent period of 12 months ending with 31st March.</content></level></subparagraph></paragraph></hcontainer></hcontainer>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1"><num>(c)</num><content>the performance of any ancillary functions in relation to such proceedings;</content></level>

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-1-paragraph-1" class="schProv1"><num>1</num><subparagraph eId="schedule-1-paragraph-1-1"><num>(1)</num><intro>The single financial guidance body is not to be regarded—</intro><level class="para1" eId="schedule-1-paragraph-1-1-a"><num>(a)</num><content>as a servant or agent of the Crown, or</content></level><level class="para1" eId="schedule-1-paragraph-1-1-b"><num>(b)</num><content>as enjoying any status, immunity or privilege of the Crown.</content></level></subparagraph><subparagraph eId="schedule-1-paragraph-1-2"><num>(2)</num><content>The members and employees of the single financial guidance body are not to be regarded as Crown servants.</content></subparagraph></paragraph>

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-1-paragraph-4" class="schProv1"><num>4</num><subparagraph eId="schedule-1-paragraph-4-1"><num>(1)</num><content>Before appointing a person to be a non-executive member, the Secretary of State must be satisfied that the person does not have a conflict of interest.</content></subparagraph><subparagraph eId="schedule-1-paragraph-4-2"><num>(2)</num><content>A non-executive member, or a person the Secretary of State proposes to appoint as a non-executive member, must provide the Secretary of State with such information as the Secretary of State requires from the person in order to determine whether the person has a conflict of interest (whether for the purposes of sub-paragraph (1) or paragraph 3(3)(a)).</content></subparagraph><subparagraph eId="schedule-1-paragraph-4-3"><num>(3)</num><content>In this Schedule, “<term refersTo="#term-conflict-of-interest" eId="term-conflict-of-interest">conflict of interest</term>”, in relation to a person, means a financial or other interest which is likely to affect prejudicially the discharge by the person of his or her functions as a member or employee of the single financial guidance body, or as a member of a committee or sub-committee of the single financial guidance body.</content></subparagraph></paragraph>

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-5-paragraph-1" class="schProv1"><num>1</num><intro>Part 11 of the Financial Services and Markets Act 2000 (information gathering and investigations) has effect as if—</intro><level class="para1" eId="schedule-5-paragraph-1-a"><num>(a)</num><content>to the extent that they relate to a notice or authorisation of the FCA, the references in section 165(1), (3) and (7)(a) to an authorised person include a reference to a person falling within paragraph 2,</content></level><level class="para1" eId="schedule-5-paragraph-1-b"><num>(b)</num><content>the reference in section 165(4)(a) to the exercise by either regulator of functions conferred on it under the Financial Services and Markets Act 2000 includes a reference to the steps taken, or to be taken, by the FCA in preparation for the conferral of functions on it by virtue of the making of an order under section 22(1B) of that Act (“a regulated claims management activity order”), and</content></level><level class="para1" eId="schedule-5-paragraph-1-c"><num>(c)</num><content>the reference in section 166(2)(a) to an authorised person includes a reference to a person falling within paragraph 3.</content></level></paragraph>

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-5-paragraph-2" class="schProv1"><num>2</num><intro>A person falls within this paragraph if the person—</intro><level class="para1" eId="schedule-5-paragraph-2-a"><num>(a)</num><content>is or at any time was authorised under section 5(1)(a) of the Compensation Act 2006 (provision of regulated claims management services), or</content></level><level class="para1" eId="schedule-5-paragraph-2-b"><num>(b)</num><content>is, or at any time was, providing services in Scotland which the person would be, or would have been, prohibited from providing in England and Wales by section 4(1) of the Compensation Act 2006 unless authorised under section 5(1)(a) of that Act.</content></level></paragraph>

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-5-paragraph-3" class="schProv1"><num>3</num><intro>A person falls within this paragraph if the person—</intro><level class="para1" eId="schedule-5-paragraph-3-a"><num>(a)</num><content>is authorised under section 5(1)(a) of the Compensation Act 2006 (provision of regulated claims management services), or</content></level><level class="para1" eId="schedule-5-paragraph-3-b"><num>(b)</num><content>is providing services in Scotland which the person would be prohibited from providing in England and Wales by section 4(1) of the Compensation Act 2006 unless authorised under section 5(1)(a) of that Act.</content></level></paragraph>

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" name="crossheading" ukl:Name="Pblock" eId="schedule-1-crossheading-status"><heading>Status</heading><paragraph eId="schedule-1-paragraph-1" class="schProv1"><num>1</num><subparagraph eId="schedule-1-paragraph-1-1"><num>(1)</num><intro>The single financial guidance body is not to be regarded—</intro><level class="para1" eId="schedule-1-paragraph-1-1-a"><num>(a)</num><content>as a servant or agent of the Crown, or</content></level><level class="para1" eId="schedule-1-paragraph-1-1-b"><num>(b)</num><content>as enjoying any status, immunity or privilege of the Crown.</content></level></subparagraph><subparagraph eId="schedule-1-paragraph-1-2"><num>(2)</num><content>The members and employees of the single financial guidance body are not to be regarded as Crown servants.</content></subparagraph></paragraph></hcontainer>

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" name="crossheading" ukl:Name="Pblock" eId="schedule-1-crossheading-members-general"><heading>Members: general</heading><paragraph eId="schedule-1-paragraph-2" class="schProv1"><num>2</num><subparagraph eId="schedule-1-paragraph-2-1"><num>(1)</num><intro>The single financial guidance body is to consist of—</intro><level class="para1" eId="schedule-1-paragraph-2-1-a"><num>(a)</num><content>a chair (who is to be a non-executive member of the body) appointed by the Secretary of State,</content></level><level class="para1" eId="schedule-1-paragraph-2-1-b"><num>(b)</num><content>other non-executive members appointed by the Secretary of State, and</content></level><level class="para1" eId="schedule-1-paragraph-2-1-c"><num>(c)</num><content>executive members, appointed in accordance with paragraph 6.</content></level></subparagraph><subparagraph eId="schedule-1-paragraph-2-2"><num>(2)</num><content>The Secretary of State and the non-executive members must ensure, so far as practicable, that the number of non-executive members is at all times greater than the number of executive members.</content></subparagraph></paragraph></hcontainer>

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" name="definition"><intro><ins ukl:ChangeId="key-d6c101b8675139a6fc1b5883bc259c93-1637526400084" ukl:CommentaryRef="key-d6c101b8675139a6fc1b5883bc259c93">“</ins><term refersTo="#term-relevant-occupational-pension-scheme"><ins ukl:ChangeId="key-d6c101b8675139a6fc1b5883bc259c93-1637526400084" ukl:CommentaryRef="key-d6c101b8675139a6fc1b5883bc259c93">relevant occupational pension scheme</ins></term><ins ukl:ChangeId="key-d6c101b8675139a6fc1b5883bc259c93-1637526400084" ukl:CommentaryRef="key-d6c101b8675139a6fc1b5883bc259c93">” has the meaning given by—</ins></intro><level class="para1"><num>(a)</num><content><ins ukl:ChangeId="key-d6c101b8675139a6fc1b5883bc259c93-1637526400084" ukl:CommentaryRef="key-d6c101b8675139a6fc1b5883bc259c93">section 238F of the Pensions Act 2004, in relation to England and Wales and Scotland, and</ins></content></level><level class="para1"><num>(b)</num><content><ins ukl:ChangeId="key-d6c101b8675139a6fc1b5883bc259c93-1637526400084" ukl:CommentaryRef="key-d6c101b8675139a6fc1b5883bc259c93">Article 215F of the Pensions (Northern Ireland) Order 2005, in relation to Northern Ireland;</ins></content></level></hcontainer>

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-1-paragraph-3" class="schProv1"><num>3</num><subparagraph eId="schedule-1-paragraph-3-1"><num>(1)</num><content>The non-executive members hold and vacate office in accordance with the terms of their appointment (subject to this Schedule).</content></subparagraph><subparagraph eId="schedule-1-paragraph-3-2"><num>(2)</num><content>A non-executive member may resign by notice in writing to the Secretary of State.</content></subparagraph><subparagraph eId="schedule-1-paragraph-3-3"><num>(3)</num><intro>The Secretary of State may remove a non-executive member from office by notice if the Secretary of State is satisfied that the member—</intro><level class="para1" eId="schedule-1-paragraph-3-3-a"><num>(a)</num><content>has a conflict of interest (see paragraph 4),</content></level><level class="para1" eId="schedule-1-paragraph-3-3-b"><num>(b)</num><content>has at any time been the subject of a bankruptcy order or has had his or her estate sequestrated,</content></level><level class="para1" eId="schedule-1-paragraph-3-3-c"><num>(c)</num><content>has at any time made a composition or arrangement with, or granted a trust deed for, his or her creditors,</content></level><level class="para1" eId="schedule-1-paragraph-3-3-d"><num>(d)</num><content>has at any time been convicted of any offence involving dishonesty or deception,</content></level><level class="para1" eId="schedule-1-paragraph-3-3-e"><num>(e)</num><content>is unfit for office by reason of misconduct,</content></level><level class="para1" eId="schedule-1-paragraph-3-3-f"><num>(f)</num><content>has failed to comply with the terms of his or her appointment,</content></level><level class="para1" eId="schedule-1-paragraph-3-3-g"><num>(g)</num><content>has without reasonable excuse failed to discharge the functions of his or her office, or</content></level><level class="para1" eId="schedule-1-paragraph-3-3-h"><num>(h)</num><content>is otherwise incapable of discharging, or unfit or unwilling to discharge, the functions of his or her office.</content></level></subparagraph></paragraph>

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-1-paragraph-6" class="schProv1"><num>6</num><subparagraph eId="schedule-1-paragraph-6-1"><num>(1)</num><intro>Before the date on which the single financial guidance body first starts to provide services to members of the public, the Secretary of State must appoint—</intro><level class="para1" eId="schedule-1-paragraph-6-1-a"><num>(a)</num><content>a person to be the chief executive of the single financial guidance body, and</content></level><level class="para1" eId="schedule-1-paragraph-6-1-b"><num>(b)</num><content>other persons to be the executive members of the body.</content></level></subparagraph><subparagraph eId="schedule-1-paragraph-6-2"><num>(2)</num><content>Appointments of executive members (including the chief executive) made on or after the date on which the single financial guidance body first starts to provide services to members of the public are to be made by the single financial guidance body, with the approval of the Secretary of State.</content></subparagraph></paragraph>

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-1-paragraph-9" class="schProv1"><num>9</num><subparagraph eId="schedule-1-paragraph-9-1"><num>(1)</num><intro>The single financial guidance body may—</intro><level class="para1" eId="schedule-1-paragraph-9-1-a"><num>(a)</num><content>establish a committee for the purpose of discharging any of its functions, and</content></level><level class="para1" eId="schedule-1-paragraph-9-1-b"><num>(b)</num><content>establish a committee for the purpose of giving advice to the body about matters relating to the discharge of its functions.</content></level></subparagraph><subparagraph eId="schedule-1-paragraph-9-2"><num>(2)</num><content>A committee may consist of or include persons who are neither members nor employees of the single financial guidance body.</content></subparagraph><subparagraph eId="schedule-1-paragraph-9-3"><num>(3)</num><content>But a committee that discharges any functions of the single financial guidance body, by virtue of sub-paragraph (1)(a) or paragraph 10, must include at least one person who is either a member or an employee of the single financial guidance body.</content></subparagraph><subparagraph eId="schedule-1-paragraph-9-4"><num>(4)</num><content>Where a person who is neither a member nor an employee of the single financial guidance body is a member of a committee, the body may pay to that person such remuneration and expenses as it may determine.</content></subparagraph><subparagraph eId="schedule-1-paragraph-9-5"><num>(5)</num><content>A committee may establish a sub-committee.</content></subparagraph><subparagraph eId="schedule-1-paragraph-9-6"><num>(6)</num><content>A sub-committee must include at least one person who is a member of the committee that established it.</content></subparagraph><subparagraph eId="schedule-1-paragraph-9-7"><num>(7)</num><content>A sub-committee that discharges any functions of the single financial guidance body must include at least one person who is either a member or an employee of the single financial guidance body.</content></subparagraph></paragraph>

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-1-paragraph-12" class="schProv1"><num>12</num><content>A defect in appointment does not affect the validity of things done by a member of the single financial guidance body.</content></paragraph>

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-2-paragraph-3" class="schProv1"><num>3</num><subparagraph eId="schedule-2-paragraph-3-1"><num>(1)</num><content>The Secretary of State may modify a scheme made under this Schedule; but a modification relating to a transfer that has taken effect may be made only with the agreement of the person (or persons) affected by the modification.</content></subparagraph><subparagraph eId="schedule-2-paragraph-3-2"><num>(2)</num><content>A modification takes effect from such date as the Secretary of State may specify (which may be the date when the original scheme came into effect).</content></subparagraph></paragraph>

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-3-paragraph-2" class="schProv1"><num>2</num><content><mod>In Schedule 2 to the Parliamentary Commissioner Act 1967 (departments <abbr title="Et cetera" xml:lang="la">etc</abbr> subject to investigation), at the appropriate place insert— <quotedText>“ The single financial guidance body. ”</quotedText></mod></content></paragraph>

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-3-paragraph-5" class="schProv1"><num>5</num><content>The Financial Services and Markets Act 2000 is amended as follows.</content></paragraph>

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-4-paragraph-3" class="schProv1"><num>3</num><content>The Secretary of State may, with the consent of the FCA, make one or more schemes for the transfer of property, rights and liabilities of the Regulator to the FCA.</content></paragraph>

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-4-paragraph-9" class="schProv1"><num>9</num><intro>A transfer scheme may—</intro><level class="para1" eId="schedule-4-paragraph-9-a"><num>(a)</num><content>contain supplementary, incidental and consequential provision;</content></level><level class="para1" eId="schedule-4-paragraph-9-b"><num>(b)</num><content>make transitory or transitional provision or savings;</content></level><level class="para1" eId="schedule-4-paragraph-9-c"><num>(c)</num><content>make different provision for different purposes;</content></level><level class="para1" eId="schedule-4-paragraph-9-d"><num>(d)</num><content>make provision subject to exceptions.</content></level></paragraph>

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-3-paragraph-7" class="schProv1"><num>7</num><content>In section 1B (FCA's general duties), omit subsection (7A).</content></paragraph>

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-3-paragraph-8" class="schProv1"><num>8</num><content>In section 1C (the consumer protection objective), in subsection (2), omit paragraph (g).</content></paragraph>

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-3-paragraph-9" class="schProv1"><num>9</num><content>In section 1M (FCA's general duty to consult), omit the words “and its duties under section 333O”.</content></paragraph>

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-3-paragraph-10" class="schProv1"><num>10</num><content>In section 1S (reviews), in subsection (3) omit the words “or its duties under section 333O(1) and (2)(a)”.</content></paragraph>

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-3-paragraph-12" class="schProv1"><num>12</num><content>Omit section 3S (the consumer financial education body).</content></paragraph>

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-3-paragraph-13" class="schProv1"><num>13</num><intro>In section 138F (notification of rules), in subsection (2) (exceptions to notification)—</intro><level class="para1" eId="schedule-3-paragraph-13-a"><num>(a)</num><content><mod>after “, 137FBA” insert <quotedText>“ , 137SA ”</quotedText>;</mod></content></level><level class="para1" eId="schedule-3-paragraph-13-b"><num>(b)</num><content><mod>before “, 137SA” (inserted by paragraph (a)), insert <quotedText>“ , 137FC ”</quotedText>;</mod></content></level><level class="para1" eId="schedule-3-paragraph-13-c"><num>(c)</num><content><mod>after “, 137SA” insert <quotedText>“ , 137SB ”</quotedText>;</mod></content></level><level class="para1" eId="schedule-3-paragraph-13-d"><num>(d)</num><content>omit “, 333Q, 333R”.</content></level></paragraph>

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-3-paragraph-15" class="schProv1"><num>15</num><content>In section 138J (consultation on rules by PRA), in subsection (6), omit paragraph (e).</content></paragraph>

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-3-paragraph-16" class="schProv1"><num>16</num><content>In section 139A (power of FCA to give guidance), omit subsection (1A).</content></paragraph>

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-3-paragraph-17" class="schProv1"><num>17</num><intro>In section 140A (competition scrutiny: interpretation), in subsection (1), in paragraph (a) of the definition of “regulating provisions”—</intro><level class="para1" eId="schedule-3-paragraph-17-a"><num>(a)</num><content>in sub-paragraph (ii), omit “or 333P(9)”;</content></level><level class="para1" eId="schedule-3-paragraph-17-b"><num>(b)</num><content>omit sub-paragraphs (v) and (vi).</content></level></paragraph>

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-3-paragraph-18" class="schProv1"><num>18</num><content>In section 168 (appointment of persons to carry out investigations), in subsection (2)(a), omit “or 333G”.</content></paragraph>

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-3-paragraph-19" class="schProv1"><num>19</num><content>Omit Part 20A (sections 333A to 333R; pensions guidance).</content></paragraph>

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-3-paragraph-20" class="schProv1"><num>20</num><content>In section 429 (Parliamentary control of statutory instruments), in subsection (2), omit “, 333C, 333R”.</content></paragraph>

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="schedule-3-paragraph-21" class="schProv1"><num>21</num><subparagraph eId="schedule-3-paragraph-21-1"><num>(1)</num><content>Schedule 1ZA (the Financial Conduct Authority) is amended as follows.</content></subparagraph><subparagraph eId="schedule-3-paragraph-21-2"><num>(2)</num><intro>In paragraph 8 (arrangements for discharging functions)—</intro><level class="para1" eId="schedule-3-paragraph-21-2-a"><num>(a)</num><intro>in sub-paragraph (3)—</intro><level class="para2" eId="schedule-3-paragraph-21-2-a-i"><num>(i)</num><content><mod>in paragraph (c)(i), for “, 312J or 333K” substitute <quotedText>“ or 312J ”</quotedText>;</mod></content></level><level class="para2" eId="schedule-3-paragraph-21-2-a-ii"><num>(ii)</num><content>omit paragraph (e);</content></level></level><level class="para1" eId="schedule-3-paragraph-21-2-b"><num>(b)</num><content><mod>after sub-paragraph (3), insert—<quotedStructure startQuote="“" endQuote="”" uk:context="unknown" uk:docName="unknown" ukl:TargetClass="unknown" ukl:TargetSubClass="unknown" ukl:Context="unknown" ukl:Format="default"><subsection><num>(3A)</num><content>In exercising its functions under sections 9(2) and 10 of the Financial Guidance and Claims Act 2018 (approving and reviewing standards set by single financial guidance body), the FCA must act through its governing body.</content></subsection></quotedStructure><inline name="appendText">;</inline></mod></content></level><level class="para1" eId="schedule-3-paragraph-21-2-c"><num>(c)</num><content>in sub-paragraph (4), omit “or 333P(9)”.</content></level></subparagraph><subparagraph eId="schedule-3-paragraph-21-3"><num>(3)</num><intro>In paragraph 11 (annual report), in sub-paragraph (1)—</intro><level class="para1" eId="schedule-3-paragraph-21-3-a"><num>(a)</num><content>omit paragraph (hb);</content></level><level class="para1" eId="schedule-3-paragraph-21-3-b"><num>(b)</num><content><mod>omit the “and” at the end of paragraph (i), and after that paragraph insert—<quotedStructure startQuote="“" endQuote="”" uk:context="unknown" uk:docName="unknown" ukl:TargetClass="unknown" ukl:TargetSubClass="unknown" ukl:Context="unknown" ukl:Format="default"><level class="para1"><num>(ia)</num><content>how, in its opinion, it has complied with its duties under sections 9(2) and 10 of the Financial Guidance and Claims Act 2018, and</content></level></quotedStructure><inline name="appendText">.</inline></mod></content></level></subparagraph><subparagraph eId="schedule-3-paragraph-21-4"><num>(4)</num><intro>In paragraph 21 (financial penalty scheme), in sub-paragraph (2)—</intro><level class="para1" eId="schedule-3-paragraph-21-4-a"><num>(a)</num><content><mod>at the end of paragraph (c) insert <quotedText>“ and ”</quotedText>;</mod></content></level><level class="para1" eId="schedule-3-paragraph-21-4-b"><num>(b)</num><content>omit paragraph (e) (and the word “and” immediately preceding it).</content></level></subparagraph><subparagraph eId="schedule-3-paragraph-21-5"><num>(5)</num><intro>In paragraph 23 (fees)—</intro><level class="para1" eId="schedule-3-paragraph-21-5-a"><num>(a)</num><intro>in sub-paragraph (1)—</intro><level class="para2" eId="schedule-3-paragraph-21-5-a-i"><num>(i)</num><content><mod>after “sections” insert <quotedText>“ 137SA, ”</quotedText>;</mod></content></level><level class="para2" eId="schedule-3-paragraph-21-5-a-ii"><num>(ii)</num><content><mod>after “137SA” insert <quotedText>“ , 137SB ”</quotedText>;</mod></content></level><level class="para2" eId="schedule-3-paragraph-21-5-a-iii"><num>(iii)</num><content>omit “, 333Q, 333R”;</content></level></level><level class="para1" eId="schedule-3-paragraph-21-5-b"><num>(b)</num><intro>in sub-paragraph (2ZA)—</intro><level class="para2" eId="schedule-3-paragraph-21-5-b-i"><num>(i)</num><content>omit paragraph (a) (and the word “and” immediately following it);</content></level><level class="para2" eId="schedule-3-paragraph-21-5-b-ii"><num>(ii)</num><content><mod>in paragraph (b), for “sections 333R and 333T” substitute <quotedText>“ section 333T ”</quotedText>;</mod></content></level><level class="para2" eId="schedule-3-paragraph-21-5-b-iii"><num>(iii)</num><content><mod>after paragraph (b), insert<quotedText startQuote="“">, and </quotedText><quotedStructure endQuote="”" uk:context="unknown" uk:docName="unknown" ukl:TargetClass="unknown" ukl:TargetSubClass="unknown" ukl:Context="unknown" ukl:Format="default"><level class="para1"><num>(c)</num><content>its functions under section 137SA.</content></level></quotedStructure><inline name="appendText">;</inline></mod></content></level><level class="para2" eId="schedule-3-paragraph-21-5-b-iv"><num>(iv)</num><content><mod>in paragraph (c) (inserted by sub-paragraph (iii)), for “section 137SA” substitute <quotedText>“ sections 137SA and 137SB ”</quotedText>.</mod></content></level></level></subparagraph></paragraph>

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-3-paragraph-22" class="schProv1"><num>22</num><content>Omit Schedule 1A (further provision about the consumer financial education body).</content></paragraph>

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" name="crossheading" ukl:Name="Pblock" eId="schedule-1-crossheading-nonexecutive-members-tenure"><heading>Non-executive members: tenure</heading><paragraph eId="schedule-1-paragraph-3" class="schProv1"><num>3</num><subparagraph eId="schedule-1-paragraph-3-1"><num>(1)</num><content>The non-executive members hold and vacate office in accordance with the terms of their appointment (subject to this Schedule).</content></subparagraph><subparagraph eId="schedule-1-paragraph-3-2"><num>(2)</num><content>A non-executive member may resign by notice in writing to the Secretary of State.</content></subparagraph><subparagraph eId="schedule-1-paragraph-3-3"><num>(3)</num><intro>The Secretary of State may remove a non-executive member from office by notice if the Secretary of State is satisfied that the member—</intro><level class="para1" eId="schedule-1-paragraph-3-3-a"><num>(a)</num><content>has a conflict of interest (see paragraph 4),</content></level><level class="para1" eId="schedule-1-paragraph-3-3-b"><num>(b)</num><content>has at any time been the subject of a bankruptcy order or has had his or her estate sequestrated,</content></level><level class="para1" eId="schedule-1-paragraph-3-3-c"><num>(c)</num><content>has at any time made a composition or arrangement with, or granted a trust deed for, his or her creditors,</content></level><level class="para1" eId="schedule-1-paragraph-3-3-d"><num>(d)</num><content>has at any time been convicted of any offence involving dishonesty or deception,</content></level><level class="para1" eId="schedule-1-paragraph-3-3-e"><num>(e)</num><content>is unfit for office by reason of misconduct,</content></level><level class="para1" eId="schedule-1-paragraph-3-3-f"><num>(f)</num><content>has failed to comply with the terms of his or her appointment,</content></level><level class="para1" eId="schedule-1-paragraph-3-3-g"><num>(g)</num><content>has without reasonable excuse failed to discharge the functions of his or her office, or</content></level><level class="para1" eId="schedule-1-paragraph-3-3-h"><num>(h)</num><content>is otherwise incapable of discharging, or unfit or unwilling to discharge, the functions of his or her office.</content></level></subparagraph></paragraph></hcontainer>

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" name="crossheading" ukl:Name="Pblock" eId="schedule-1-crossheading-nonexecutive-members-conflicts-of-interest"><heading>Non-executive members: conflicts of interest</heading><paragraph eId="schedule-1-paragraph-4" class="schProv1"><num>4</num><subparagraph eId="schedule-1-paragraph-4-1"><num>(1)</num><content>Before appointing a person to be a non-executive member, the Secretary of State must be satisfied that the person does not have a conflict of interest.</content></subparagraph><subparagraph eId="schedule-1-paragraph-4-2"><num>(2)</num><content>A non-executive member, or a person the Secretary of State proposes to appoint as a non-executive member, must provide the Secretary of State with such information as the Secretary of State requires from the person in order to determine whether the person has a conflict of interest (whether for the purposes of sub-paragraph (1) or paragraph 3(3)(a)).</content></subparagraph><subparagraph eId="schedule-1-paragraph-4-3"><num>(3)</num><content>In this Schedule, “<term refersTo="#term-conflict-of-interest" eId="term-conflict-of-interest">conflict of interest</term>”, in relation to a person, means a financial or other interest which is likely to affect prejudicially the discharge by the person of his or her functions as a member or employee of the single financial guidance body, or as a member of a committee or sub-committee of the single financial guidance body.</content></subparagraph></paragraph></hcontainer>

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="definition"><content>“<term refersTo="#term-survivor" eId="term-survivor">survivor</term>” has the meaning given by section 76(1) of the Pension Schemes Act 2015.</content></hcontainer>

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-1-paragraph-5" class="schProv1"><num>5</num><subparagraph eId="schedule-1-paragraph-5-1"><num>(1)</num><intro>The single financial guidance body may—</intro><level class="para1" eId="schedule-1-paragraph-5-1-a"><num>(a)</num><content>pay to the non-executive members such remuneration, and</content></level><level class="para1" eId="schedule-1-paragraph-5-1-b"><num>(b)</num><content>pay to or in respect of the non-executive members such sums by way of or in respect of allowances and gratuities,</content></level><wrapUp>as the Secretary of State may determine.</wrapUp></subparagraph><subparagraph eId="schedule-1-paragraph-5-2"><num>(2)</num><intro>Where—</intro><level class="para1" eId="schedule-1-paragraph-5-2-a"><num>(a)</num><content>a person whose term of office as a non-executive member has not expired ceases to hold that office, and</content></level><level class="para1" eId="schedule-1-paragraph-5-2-b"><num>(b)</num><content>the Secretary of State thinks there are special circumstances that make it right for the person to receive compensation,</content></level><wrapUp>the single financial guidance body may make a payment to the person of such amount as the Secretary of State may determine.</wrapUp></subparagraph></paragraph>

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-1-paragraph-8" class="schProv1"><num>8</num><content>The single financial guidance body may appoint other employees on such terms and conditions, including those as to remuneration and pension arrangements, as the single financial guidance body may determine.</content></paragraph>

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-1-paragraph-11" class="schProv1"><num>11</num><subparagraph eId="schedule-1-paragraph-11-1"><num>(1)</num><content>The single financial guidance body may regulate its own procedures (including quorum) and the procedures of its committees and sub-committees.</content></subparagraph><subparagraph eId="schedule-1-paragraph-11-2"><num>(2)</num><intro>The single financial guidance body's procedures must include arrangements for dealing with conflicts of interests of members, employees and members of committees and sub-committees, which must oblige a person who has or may have a conflict of interest—</intro><level class="para1" eId="schedule-1-paragraph-11-2-a"><num>(a)</num><content>to declare any financial or other personal interest relevant to the exercise of a function, and</content></level><level class="para1" eId="schedule-1-paragraph-11-2-b"><num>(b)</num><content>to withdraw from the exercise of the function, unless the single financial guidance body directs otherwise, being satisfied that the interest will not influence the exercise of the function.</content></level><wrapUp>For the meaning of “conflict of interest” in this Schedule, see paragraph 4(3).</wrapUp></subparagraph><subparagraph eId="schedule-1-paragraph-11-3"><num>(3)</num><content>The single financial guidance body must publish details of its procedures and the procedures of its committees and sub-committees.</content></subparagraph><subparagraph eId="schedule-1-paragraph-11-4"><num>(4)</num><intro>The single financial guidance body must make arrangements for the keeping of proper records—</intro><level class="para1" eId="schedule-1-paragraph-11-4-a"><num>(a)</num><content>of its proceedings,</content></level><level class="para1" eId="schedule-1-paragraph-11-4-b"><num>(b)</num><content>of the proceedings of its committees and sub-committees,</content></level><level class="para1" eId="schedule-1-paragraph-11-4-c"><num>(c)</num><content>of anything done by a person to whom functions have been delegated (see paragraph 10).</content></level></subparagraph></paragraph>

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-1-paragraph-14" class="schProv1"><num>14</num><subparagraph eId="schedule-1-paragraph-14-1"><num>(1)</num><content>As soon as reasonably practicable after the end of each financial year, the single financial guidance body must send to the Secretary of State a report on the exercise of the single financial guidance body's functions during that year.</content></subparagraph><subparagraph eId="schedule-1-paragraph-14-2"><num>(2)</num><intro>The report must include—</intro><level class="para1" eId="schedule-1-paragraph-14-2-a"><num>(a)</num><content>a report on the proceedings of the single financial guidance body during the year, and</content></level><level class="para1" eId="schedule-1-paragraph-14-2-b"><num>(b)</num><content>such other information as the Secretary of State may direct.</content></level></subparagraph><subparagraph eId="schedule-1-paragraph-14-3"><num>(3)</num><content>On receiving the report, the Secretary of State must lay it before Parliament.</content></subparagraph><subparagraph eId="schedule-1-paragraph-14-4"><num>(4)</num><intro>The single financial guidance body must—</intro><level class="para1" eId="schedule-1-paragraph-14-4-a"><num>(a)</num><content>keep proper accounting records, and</content></level><level class="para1" eId="schedule-1-paragraph-14-4-b"><num>(b)</num><content>prepare a statement of accounts in respect of each financial year.</content></level></subparagraph><subparagraph eId="schedule-1-paragraph-14-5"><num>(5)</num><content>The statement must be in such form as the Secretary of State may direct.</content></subparagraph><subparagraph eId="schedule-1-paragraph-14-6"><num>(6)</num><intro>The single financial guidance body must send a copy of the statement of accounts to—</intro><level class="para1" eId="schedule-1-paragraph-14-6-a"><num>(a)</num><content>the Secretary of State, and</content></level><level class="para1" eId="schedule-1-paragraph-14-6-b"><num>(b)</num><content>the Comptroller and Auditor General,</content></level><wrapUp>within the time period directed by the Secretary of State.</wrapUp></subparagraph><subparagraph eId="schedule-1-paragraph-14-7"><num>(7)</num><intro>The Comptroller and Auditor General must—</intro><level class="para1" eId="schedule-1-paragraph-14-7-a"><num>(a)</num><content>examine, certify and report on the statement of accounts, and</content></level><level class="para1" eId="schedule-1-paragraph-14-7-b"><num>(b)</num><content>send a copy of the report to the Secretary of State.</content></level></subparagraph><subparagraph eId="schedule-1-paragraph-14-8"><num>(8)</num><content>The Secretary of State must lay before Parliament the statement of accounts and the report of the Comptroller and Auditor General.</content></subparagraph><subparagraph eId="schedule-1-paragraph-14-9"><num>(9)</num><intro>In this paragraph, “<term refersTo="#term-financial-year" eId="term-financial-year">financial year</term>” means—</intro><level class="para1" eId="schedule-1-paragraph-14-9-a"><num>(a)</num><content>the period beginning with the day on which this Schedule comes into force and ending with the following 31st March, and</content></level><level class="para1" eId="schedule-1-paragraph-14-9-b"><num>(b)</num><content>every subsequent period of 12 months ending with 31st March.</content></level></subparagraph></paragraph>

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-3-paragraph-25" class="schProv1"><num>25</num><content>The Financial Services Act 2010 is amended as follows.</content></paragraph>

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-3-paragraph-32" class="schProv1"><num>32</num><content>In the Bank of England and Financial Services Act 2016, omit section 32 (amendments to section 333A of FSMA; pensions guidance).</content></paragraph>

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-5-paragraph-5" class="schProv1"><num>5</num><intro>Paragraphs 6 and 7 apply in connection with the making or issuing of any rules or other instrument or document relating to an activity—</intro><level class="para1" eId="schedule-5-paragraph-5-a"><num>(a)</num><content>of a kind specified in a regulated claims management activity order, or</content></level><level class="para1" eId="schedule-5-paragraph-5-b"><num>(b)</num><content>of a kind specified in an order under section 21(10B) of the Financial Services and Markets Act 2000.</content></level></paragraph>

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-3-paragraph-26" class="schProv1"><num>26</num><content>In section 2 (enhancing public understanding of financial matters <abbr title="Et cetera" xml:lang="la">etc</abbr>), omit subsections (1) and (6).</content></paragraph>

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-5-paragraph-6" class="schProv1"><num>6</num><intro>Any requirement imposed on the FCA—</intro><level class="para1" eId="schedule-5-paragraph-6-a"><num>(a)</num><content>to publish a draft of the rules or other instrument or document and invite representations about it, or</content></level><level class="para1" eId="schedule-5-paragraph-6-b"><num>(b)</num><content>to consult particular persons,</content></level><wrapUp>may be satisfied by things done by the FCA before the coming into effect of the order or the passing of this Act.</wrapUp></paragraph>

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-3-paragraph-27" class="schProv1"><num>27</num><content>Omit Schedule 1 (further provision about the consumer financial education body).</content></paragraph>

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-5-paragraph-7" class="schProv1"><num>7</num><content>Section 138I of the Financial Services and Markets Act 2000 (consultation by the FCA) does not apply in relation to rules which make provision similar to any provision in or made under Part 2 of the Compensation Act 2006.</content></paragraph>

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" name="crossheading" ukl:Name="Pblock" eId="schedule-1-crossheading-nonexecutive-members-remuneration-etc"><heading>Non-executive members: remuneration <abbr title="Et cetera" xml:lang="la">etc</abbr></heading><paragraph eId="schedule-1-paragraph-5" class="schProv1"><num>5</num><subparagraph eId="schedule-1-paragraph-5-1"><num>(1)</num><intro>The single financial guidance body may—</intro><level class="para1" eId="schedule-1-paragraph-5-1-a"><num>(a)</num><content>pay to the non-executive members such remuneration, and</content></level><level class="para1" eId="schedule-1-paragraph-5-1-b"><num>(b)</num><content>pay to or in respect of the non-executive members such sums by way of or in respect of allowances and gratuities,</content></level><wrapUp>as the Secretary of State may determine.</wrapUp></subparagraph><subparagraph eId="schedule-1-paragraph-5-2"><num>(2)</num><intro>Where—</intro><level class="para1" eId="schedule-1-paragraph-5-2-a"><num>(a)</num><content>a person whose term of office as a non-executive member has not expired ceases to hold that office, and</content></level><level class="para1" eId="schedule-1-paragraph-5-2-b"><num>(b)</num><content>the Secretary of State thinks there are special circumstances that make it right for the person to receive compensation,</content></level><wrapUp>the single financial guidance body may make a payment to the person of such amount as the Secretary of State may determine.</wrapUp></subparagraph></paragraph></hcontainer>

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" name="crossheading" ukl:Name="Pblock" eId="schedule-1-crossheading-executive-members-appointment"><heading>Executive members: appointment</heading><paragraph eId="schedule-1-paragraph-6" class="schProv1"><num>6</num><subparagraph eId="schedule-1-paragraph-6-1"><num>(1)</num><intro>Before the date on which the single financial guidance body first starts to provide services to members of the public, the Secretary of State must appoint—</intro><level class="para1" eId="schedule-1-paragraph-6-1-a"><num>(a)</num><content>a person to be the chief executive of the single financial guidance body, and</content></level><level class="para1" eId="schedule-1-paragraph-6-1-b"><num>(b)</num><content>other persons to be the executive members of the body.</content></level></subparagraph><subparagraph eId="schedule-1-paragraph-6-2"><num>(2)</num><content>Appointments of executive members (including the chief executive) made on or after the date on which the single financial guidance body first starts to provide services to members of the public are to be made by the single financial guidance body, with the approval of the Secretary of State.</content></subparagraph></paragraph></hcontainer>

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" name="crossheading" ukl:Name="Pblock" eId="schedule-1-crossheading-executive-members-terms-and-conditions"><heading>Executive members: terms and conditions</heading><paragraph eId="schedule-1-paragraph-7" class="schProv1"><num>7</num><subparagraph eId="schedule-1-paragraph-7-1"><num>(1)</num><content>The executive members are to be employees of the single financial guidance body.</content></subparagraph><subparagraph eId="schedule-1-paragraph-7-2"><num>(2)</num><content>Executive members appointed under paragraph 6(1) are to be employed by the single financial guidance body on such terms and conditions, including those as to remuneration, as the Secretary of State may determine.</content></subparagraph><subparagraph eId="schedule-1-paragraph-7-3"><num>(3)</num><content>Executive members appointed under paragraph 6(2) are to be employed by the single financial guidance body on such terms and conditions, including those as to remuneration, as the body may determine, with the approval of the Secretary of State.</content></subparagraph><subparagraph eId="schedule-1-paragraph-7-4"><num>(4)</num><intro>The single financial guidance body must—</intro><level class="para1" eId="schedule-1-paragraph-7-4-a"><num>(a)</num><content>pay to or in respect of the executive members such pensions, allowances and gratuities, or</content></level><level class="para1" eId="schedule-1-paragraph-7-4-b"><num>(b)</num><content>provide and maintain for them such pension schemes (whether contributory or not),</content></level><wrapUp>as the body may determine, with the approval of the Secretary of State.</wrapUp></subparagraph></paragraph></hcontainer>

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" name="crossheading" ukl:Name="Pblock" eId="schedule-1-crossheading-other-staff-appointment-terms-and-conditions"><heading>Other staff: appointment, terms and conditions</heading><paragraph eId="schedule-1-paragraph-8" class="schProv1"><num>8</num><content>The single financial guidance body may appoint other employees on such terms and conditions, including those as to remuneration and pension arrangements, as the single financial guidance body may determine.</content></paragraph></hcontainer>

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" name="crossheading" ukl:Name="Pblock" eId="schedule-1-crossheading-committees"><heading>Committees</heading><paragraph eId="schedule-1-paragraph-9" class="schProv1"><num>9</num><subparagraph eId="schedule-1-paragraph-9-1"><num>(1)</num><intro>The single financial guidance body may—</intro><level class="para1" eId="schedule-1-paragraph-9-1-a"><num>(a)</num><content>establish a committee for the purpose of discharging any of its functions, and</content></level><level class="para1" eId="schedule-1-paragraph-9-1-b"><num>(b)</num><content>establish a committee for the purpose of giving advice to the body about matters relating to the discharge of its functions.</content></level></subparagraph><subparagraph eId="schedule-1-paragraph-9-2"><num>(2)</num><content>A committee may consist of or include persons who are neither members nor employees of the single financial guidance body.</content></subparagraph><subparagraph eId="schedule-1-paragraph-9-3"><num>(3)</num><content>But a committee that discharges any functions of the single financial guidance body, by virtue of sub-paragraph (1)(a) or paragraph 10, must include at least one person who is either a member or an employee of the single financial guidance body.</content></subparagraph><subparagraph eId="schedule-1-paragraph-9-4"><num>(4)</num><content>Where a person who is neither a member nor an employee of the single financial guidance body is a member of a committee, the body may pay to that person such remuneration and expenses as it may determine.</content></subparagraph><subparagraph eId="schedule-1-paragraph-9-5"><num>(5)</num><content>A committee may establish a sub-committee.</content></subparagraph><subparagraph eId="schedule-1-paragraph-9-6"><num>(6)</num><content>A sub-committee must include at least one person who is a member of the committee that established it.</content></subparagraph><subparagraph eId="schedule-1-paragraph-9-7"><num>(7)</num><content>A sub-committee that discharges any functions of the single financial guidance body must include at least one person who is either a member or an employee of the single financial guidance body.</content></subparagraph></paragraph></hcontainer>

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" name="crossheading" ukl:Name="Pblock" eId="schedule-1-crossheading-delegation"><heading>Delegation</heading><paragraph eId="schedule-1-paragraph-10" class="schProv1"><num>10</num><subparagraph eId="schedule-1-paragraph-10-1"><num>(1)</num><intro>The single financial guidance body may delegate any function conferred on it to—</intro><level class="para1" eId="schedule-1-paragraph-10-1-a"><num>(a)</num><content>a committee,</content></level><level class="para1" eId="schedule-1-paragraph-10-1-b"><num>(b)</num><content>a member, or</content></level><level class="para1" eId="schedule-1-paragraph-10-1-c"><num>(c)</num><content>an employee.</content></level></subparagraph><subparagraph eId="schedule-1-paragraph-10-2"><num>(2)</num><intro>A committee may delegate any function conferred on it to—</intro><level class="para1" eId="schedule-1-paragraph-10-2-a"><num>(a)</num><content>a sub-committee,</content></level><level class="para1" eId="schedule-1-paragraph-10-2-b"><num>(b)</num><content>a member of the committee,</content></level><level class="para1" eId="schedule-1-paragraph-10-2-c"><num>(c)</num><content>a member of the single financial guidance body, or</content></level><level class="para1" eId="schedule-1-paragraph-10-2-d"><num>(d)</num><content>an employee of the single financial guidance body.</content></level></subparagraph></paragraph></hcontainer>

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" name="crossheading" ukl:Name="Pblock" eId="schedule-1-crossheading-procedure-etc"><heading>Procedure <abbr title="Et cetera" xml:lang="la">etc</abbr></heading><paragraph eId="schedule-1-paragraph-11" class="schProv1"><num>11</num><subparagraph eId="schedule-1-paragraph-11-1"><num>(1)</num><content>The single financial guidance body may regulate its own procedures (including quorum) and the procedures of its committees and sub-committees.</content></subparagraph><subparagraph eId="schedule-1-paragraph-11-2"><num>(2)</num><intro>The single financial guidance body's procedures must include arrangements for dealing with conflicts of interests of members, employees and members of committees and sub-committees, which must oblige a person who has or may have a conflict of interest—</intro><level class="para1" eId="schedule-1-paragraph-11-2-a"><num>(a)</num><content>to declare any financial or other personal interest relevant to the exercise of a function, and</content></level><level class="para1" eId="schedule-1-paragraph-11-2-b"><num>(b)</num><content>to withdraw from the exercise of the function, unless the single financial guidance body directs otherwise, being satisfied that the interest will not influence the exercise of the function.</content></level><wrapUp>For the meaning of “conflict of interest” in this Schedule, see paragraph 4(3).</wrapUp></subparagraph><subparagraph eId="schedule-1-paragraph-11-3"><num>(3)</num><content>The single financial guidance body must publish details of its procedures and the procedures of its committees and sub-committees.</content></subparagraph><subparagraph eId="schedule-1-paragraph-11-4"><num>(4)</num><intro>The single financial guidance body must make arrangements for the keeping of proper records—</intro><level class="para1" eId="schedule-1-paragraph-11-4-a"><num>(a)</num><content>of its proceedings,</content></level><level class="para1" eId="schedule-1-paragraph-11-4-b"><num>(b)</num><content>of the proceedings of its committees and sub-committees,</content></level><level class="para1" eId="schedule-1-paragraph-11-4-c"><num>(c)</num><content>of anything done by a person to whom functions have been delegated (see paragraph 10).</content></level></subparagraph></paragraph></hcontainer>

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" name="crossheading" ukl:Name="Pblock" eId="schedule-1-crossheading-validity-of-acts"><heading>Validity of acts</heading><paragraph eId="schedule-1-paragraph-12" class="schProv1"><num>12</num><content>A defect in appointment does not affect the validity of things done by a member of the single financial guidance body.</content></paragraph></hcontainer>

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" name="crossheading" ukl:Name="Pblock" eId="schedule-1-crossheading-authentication-of-seal"><heading>Authentication of seal</heading><paragraph eId="schedule-1-paragraph-13" class="schProv1"><num>13</num><subparagraph eId="schedule-1-paragraph-13-1"><num>(1)</num><intro>The application of the single financial guidance body's seal must be authenticated by the signature of—</intro><level class="para1" eId="schedule-1-paragraph-13-1-a"><num>(a)</num><content>a member of the single financial guidance body, or</content></level><level class="para1" eId="schedule-1-paragraph-13-1-b"><num>(b)</num><content>some other person who has been authorised by the single financial guidance body for that purpose (whether generally or specifically).</content></level></subparagraph><subparagraph eId="schedule-1-paragraph-13-2"><num>(2)</num><content>A document appearing to be duly sealed or signed on behalf of the single financial guidance body is to be received in evidence and, unless the contrary is proved, is to be taken to be duly signed or sealed.</content></subparagraph><subparagraph eId="schedule-1-paragraph-13-3"><num>(3)</num><content>This paragraph does not apply to Scotland.</content></subparagraph></paragraph></hcontainer>

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" name="crossheading" ukl:Name="Pblock" eId="schedule-1-crossheading-reports-and-accounts"><heading>Reports and accounts</heading><paragraph eId="schedule-1-paragraph-14" class="schProv1"><num>14</num><subparagraph eId="schedule-1-paragraph-14-1"><num>(1)</num><content>As soon as reasonably practicable after the end of each financial year, the single financial guidance body must send to the Secretary of State a report on the exercise of the single financial guidance body's functions during that year.</content></subparagraph><subparagraph eId="schedule-1-paragraph-14-2"><num>(2)</num><intro>The report must include—</intro><level class="para1" eId="schedule-1-paragraph-14-2-a"><num>(a)</num><content>a report on the proceedings of the single financial guidance body during the year, and</content></level><level class="para1" eId="schedule-1-paragraph-14-2-b"><num>(b)</num><content>such other information as the Secretary of State may direct.</content></level></subparagraph><subparagraph eId="schedule-1-paragraph-14-3"><num>(3)</num><content>On receiving the report, the Secretary of State must lay it before Parliament.</content></subparagraph><subparagraph eId="schedule-1-paragraph-14-4"><num>(4)</num><intro>The single financial guidance body must—</intro><level class="para1" eId="schedule-1-paragraph-14-4-a"><num>(a)</num><content>keep proper accounting records, and</content></level><level class="para1" eId="schedule-1-paragraph-14-4-b"><num>(b)</num><content>prepare a statement of accounts in respect of each financial year.</content></level></subparagraph><subparagraph eId="schedule-1-paragraph-14-5"><num>(5)</num><content>The statement must be in such form as the Secretary of State may direct.</content></subparagraph><subparagraph eId="schedule-1-paragraph-14-6"><num>(6)</num><intro>The single financial guidance body must send a copy of the statement of accounts to—</intro><level class="para1" eId="schedule-1-paragraph-14-6-a"><num>(a)</num><content>the Secretary of State, and</content></level><level class="para1" eId="schedule-1-paragraph-14-6-b"><num>(b)</num><content>the Comptroller and Auditor General,</content></level><wrapUp>within the time period directed by the Secretary of State.</wrapUp></subparagraph><subparagraph eId="schedule-1-paragraph-14-7"><num>(7)</num><intro>The Comptroller and Auditor General must—</intro><level class="para1" eId="schedule-1-paragraph-14-7-a"><num>(a)</num><content>examine, certify and report on the statement of accounts, and</content></level><level class="para1" eId="schedule-1-paragraph-14-7-b"><num>(b)</num><content>send a copy of the report to the Secretary of State.</content></level></subparagraph><subparagraph eId="schedule-1-paragraph-14-8"><num>(8)</num><content>The Secretary of State must lay before Parliament the statement of accounts and the report of the Comptroller and Auditor General.</content></subparagraph><subparagraph eId="schedule-1-paragraph-14-9"><num>(9)</num><intro>In this paragraph, “<term refersTo="#term-financial-year" eId="term-financial-year">financial year</term>” means—</intro><level class="para1" eId="schedule-1-paragraph-14-9-a"><num>(a)</num><content>the period beginning with the day on which this Schedule comes into force and ending with the following 31st March, and</content></level><level class="para1" eId="schedule-1-paragraph-14-9-b"><num>(b)</num><content>every subsequent period of 12 months ending with 31st March.</content></level></subparagraph></paragraph></hcontainer>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1"><num>(c)</num><content>foreign lawyers registered with the Law Society of Scotland under section 60A of the Solicitors (Scotland) Act 1980;</content></level>

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-2-paragraph-1" class="schProv1"><num>1</num><subparagraph eId="schedule-2-paragraph-1-1"><num>(1)</num><content>The Secretary of State may make one or more schemes providing for the transfer of designated property, rights and liabilities of the Secretary of State and the Pensions Advisory Service Limited to the single financial guidance body.</content></subparagraph><subparagraph eId="schedule-2-paragraph-1-2"><num>(2)</num><content>The Secretary of State may make one or more schemes providing for the transfer of designated property, rights and liabilities of the consumer financial education body to the single financial guidance body and the devolved authorities.</content></subparagraph><subparagraph eId="schedule-2-paragraph-1-3"><num>(3)</num><content>The rights and liabilities that may be transferred by a scheme include rights and liabilities under a contract of employment.</content></subparagraph><subparagraph eId="schedule-2-paragraph-1-4"><num>(4)</num><intro>For that purpose—</intro><level class="para1" eId="schedule-2-paragraph-1-4-a"><num>(a)</num><content>an individual who holds employment in the civil service of the State is to be treated as employed by virtue of a contract of employment; and</content></level><level class="para1" eId="schedule-2-paragraph-1-4-b"><num>(b)</num><content>the terms on which the individual holds that employment are to be regarded as constituting the terms of that contract.</content></level></subparagraph><subparagraph eId="schedule-2-paragraph-1-5"><num>(5)</num><intro>In this Schedule—</intro><hcontainer name="definition"><content>“<term refersTo="#term-designated" eId="term-designated">designated</term>” means specified in, or determined in accordance with, the scheme;</content></hcontainer><hcontainer name="definition"><content>“<term refersTo="#term-property" eId="term-property">property</term>” includes interests of any description.</content></hcontainer></subparagraph></paragraph>

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-2-paragraph-4" class="schProv1"><num>4</num><intro>A scheme may—</intro><level class="para1" eId="schedule-2-paragraph-4-a"><num>(a)</num><content>contain incidental, supplementary and consequential provisions;</content></level><level class="para1" eId="schedule-2-paragraph-4-b"><num>(b)</num><content>make transitory or transitional provision or savings;</content></level><level class="para1" eId="schedule-2-paragraph-4-c"><num>(c)</num><content>make different provision for different purposes;</content></level><level class="para1" eId="schedule-2-paragraph-4-d"><num>(d)</num><content>make provision subject to exceptions.</content></level></paragraph>

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" name="crossheading" ukl:Name="Pblock" eId="schedule-2-crossheading-power-to-make-transfer-schemes"><heading>Power to make transfer schemes</heading><paragraph eId="schedule-2-paragraph-1" class="schProv1"><num>1</num><subparagraph eId="schedule-2-paragraph-1-1"><num>(1)</num><content>The Secretary of State may make one or more schemes providing for the transfer of designated property, rights and liabilities of the Secretary of State and the Pensions Advisory Service Limited to the single financial guidance body.</content></subparagraph><subparagraph eId="schedule-2-paragraph-1-2"><num>(2)</num><content>The Secretary of State may make one or more schemes providing for the transfer of designated property, rights and liabilities of the consumer financial education body to the single financial guidance body and the devolved authorities.</content></subparagraph><subparagraph eId="schedule-2-paragraph-1-3"><num>(3)</num><content>The rights and liabilities that may be transferred by a scheme include rights and liabilities under a contract of employment.</content></subparagraph><subparagraph eId="schedule-2-paragraph-1-4"><num>(4)</num><intro>For that purpose—</intro><level class="para1" eId="schedule-2-paragraph-1-4-a"><num>(a)</num><content>an individual who holds employment in the civil service of the State is to be treated as employed by virtue of a contract of employment; and</content></level><level class="para1" eId="schedule-2-paragraph-1-4-b"><num>(b)</num><content>the terms on which the individual holds that employment are to be regarded as constituting the terms of that contract.</content></level></subparagraph><subparagraph eId="schedule-2-paragraph-1-5"><num>(5)</num><intro>In this Schedule—</intro><hcontainer name="definition"><content>“<term refersTo="#term-designated" eId="term-designated">designated</term>” means specified in, or determined in accordance with, the scheme;</content></hcontainer><hcontainer name="definition"><content>“<term refersTo="#term-property" eId="term-property">property</term>” includes interests of any description.</content></hcontainer></subparagraph></paragraph></hcontainer>

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" name="crossheading" ukl:Name="Pblock" eId="schedule-2-crossheading-contents-of-a-scheme"><heading>Contents of a scheme</heading><paragraph eId="schedule-2-paragraph-2" class="schProv1"><num>2</num><subparagraph eId="schedule-2-paragraph-2-1"><num>(1)</num><intro>A scheme under this Schedule may, in particular, make provision—</intro><level class="para1" eId="schedule-2-paragraph-2-1-a"><num>(a)</num><content>for anything done by or in relation to the transferor in connection with any property, rights or liabilities transferred by the scheme to be treated as done, or to be continued, by or in relation to the transferee;</content></level><level class="para1" eId="schedule-2-paragraph-2-1-b"><num>(b)</num><content>for references (however expressed) to the transferor in any agreement, instrument or other document relating to property, rights or liabilities transferred by the scheme to be treated as references to the transferee;</content></level><level class="para1" eId="schedule-2-paragraph-2-1-c"><num>(c)</num><content>about the continuation of legal proceedings;</content></level><level class="para1" eId="schedule-2-paragraph-2-1-d"><num>(d)</num><content>for transferring property, rights or liabilities which could not otherwise be transferred or assigned;</content></level><level class="para1" eId="schedule-2-paragraph-2-1-e"><num>(e)</num><content>for transferring property, rights or liabilities irrespective of any requirement for consent which would otherwise apply;</content></level><level class="para1" eId="schedule-2-paragraph-2-1-f"><num>(f)</num><content>for preventing a right of pre-emption, right of reverter, right of forfeiture, right to compensation or other similar right from arising or becoming exercisable as a result of the transfer of property, rights or liabilities;</content></level><level class="para1" eId="schedule-2-paragraph-2-1-g"><num>(g)</num><content>for dispensing with any formality in relation to the transfer of property, rights or liabilities by the scheme;</content></level><level class="para1" eId="schedule-2-paragraph-2-1-h"><num>(h)</num><content>for transferring property acquired, or rights or liabilities arising, after the scheme is made but before it takes effect;</content></level><level class="para1" eId="schedule-2-paragraph-2-1-i"><num>(i)</num><content>for apportioning property, rights or liabilities;</content></level><level class="para1" eId="schedule-2-paragraph-2-1-j"><num>(j)</num><content>for creating rights, or imposing liabilities, in connection with property, rights or liabilities transferred by the scheme;</content></level><level class="para1" eId="schedule-2-paragraph-2-1-k"><num>(k)</num><content>for requiring the transferee to enter into any agreement of any kind, or for a purpose, specified in or determined in accordance with the scheme;</content></level><level class="para1" eId="schedule-2-paragraph-2-1-l"><num>(l)</num><content>that is the same as or similar to provision made by the Transfer of Undertakings (Protection of Employment) Regulations 2006 (<abbr class="acronym" title="Statutory Instrument">S.I.</abbr> 2006/246), if those Regulations do not apply to the transfer.</content></level></subparagraph><subparagraph eId="schedule-2-paragraph-2-2"><num>(2)</num><intro>Sub-paragraph (1)(b) does not apply to references in any of the following—</intro><level class="para1" eId="schedule-2-paragraph-2-2-a"><num>(a)</num><content>an Act of Parliament;</content></level><level class="para1" eId="schedule-2-paragraph-2-2-b"><num>(b)</num><content>an Act of the Scottish Parliament;</content></level><level class="para1" eId="schedule-2-paragraph-2-2-c"><num>(c)</num><content>an Act or Measure of the National Assembly for Wales;</content></level><level class="para1" eId="schedule-2-paragraph-2-2-d"><num>(d)</num><content>Northern Ireland legislation;</content></level><level class="para1" eId="schedule-2-paragraph-2-2-e"><num>(e)</num><content>subordinate legislation within the meaning of the Interpretation Act 1978 (see section 21(1) of that Act);</content></level><level class="para1" eId="schedule-2-paragraph-2-2-f"><num>(f)</num><content>an instrument made under legislation of the kind mentioned in paragraph (b), (c) or (d).</content></level></subparagraph><subparagraph eId="schedule-2-paragraph-2-3"><num>(3)</num><content>In sub-paragraph (1)(b), “<term refersTo="#term-agreement" eId="term-agreement">agreement</term>” includes an agreement that is not in writing.</content></subparagraph></paragraph></hcontainer>

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" name="crossheading" ukl:Name="Pblock" eId="schedule-2-crossheading-modifications-to-a-scheme"><heading>Modifications to a scheme</heading><paragraph eId="schedule-2-paragraph-3" class="schProv1"><num>3</num><subparagraph eId="schedule-2-paragraph-3-1"><num>(1)</num><content>The Secretary of State may modify a scheme made under this Schedule; but a modification relating to a transfer that has taken effect may be made only with the agreement of the person (or persons) affected by the modification.</content></subparagraph><subparagraph eId="schedule-2-paragraph-3-2"><num>(2)</num><content>A modification takes effect from such date as the Secretary of State may specify (which may be the date when the original scheme came into effect).</content></subparagraph></paragraph></hcontainer>

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" name="crossheading" ukl:Name="Pblock" eId="schedule-2-crossheading-supplementary"><heading>Supplementary</heading><paragraph eId="schedule-2-paragraph-4" class="schProv1"><num>4</num><intro>A scheme may—</intro><level class="para1" eId="schedule-2-paragraph-4-a"><num>(a)</num><content>contain incidental, supplementary and consequential provisions;</content></level><level class="para1" eId="schedule-2-paragraph-4-b"><num>(b)</num><content>make transitory or transitional provision or savings;</content></level><level class="para1" eId="schedule-2-paragraph-4-c"><num>(c)</num><content>make different provision for different purposes;</content></level><level class="para1" eId="schedule-2-paragraph-4-d"><num>(d)</num><content>make provision subject to exceptions.</content></level></paragraph></hcontainer>

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="definition"><content>“<term refersTo="#term-the-olc" eId="term-the-olc">the OLC</term>” means the Office for Legal Complaints established by section 114 of the Legal Services Act 2007;</content></hcontainer>

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-3-paragraph-1" class="schProv1"><num>1</num><content><mod>In Schedule 1 to the Public Records Act 1958 (definition of public records), in paragraph 3, in Part 2 of the Table, at the appropriate place insert— <quotedText>“ The single financial guidance body. ”</quotedText></mod></content></paragraph>

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-3-paragraph-4" class="schProv1"><num>4</num><content><mod>In Part 2 of Schedule 1 to the Northern Ireland Assembly Disqualification Act 1975 (bodies of which all members are disqualified), at the appropriate place insert— <quotedText>“ The single financial guidance body. ”</quotedText></mod></content></paragraph>

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-4-paragraph-4" class="schProv1"><num>4</num><content>The following provisions of this Part of this Schedule apply in relation to schemes under paragraph 3 (“transfer schemes”).</content></paragraph>

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-4-paragraph-10" class="schProv1"><num>10</num><content>Subject to paragraph 11, the Secretary of State may, with the consent of the FCA, modify a transfer scheme.</content></paragraph>

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-4-paragraph-5" class="schProv1"><num>5</num><content>The property, rights and liabilities which are the subject of a transfer scheme are transferred in accordance with the provisions of the scheme on such day as the scheme may specify.</content></paragraph>

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-4-paragraph-11" class="schProv1"><num>11</num><content>A modification relating to a transfer that has taken effect may be made only with the agreement of the person (or persons) affected by the modification.</content></paragraph>

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-4-paragraph-6" class="schProv1"><num>6</num><intro>The property, rights and liabilities that may be the subject of a transfer scheme include—</intro><level class="para1" eId="schedule-4-paragraph-6-a"><num>(a)</num><content>any that would not otherwise be capable of being transferred or assigned,</content></level><level class="para1" eId="schedule-4-paragraph-6-b"><num>(b)</num><content>rights and liabilities under a contract of employment, and</content></level><level class="para1" eId="schedule-4-paragraph-6-c"><num>(c)</num><content>amounts in respect of fees paid under the Compensation (Claims Management Services) Regulations 2006 (<abbr class="acronym" title="Statutory Instrument">S.I.</abbr> 2006/3322).</content></level></paragraph>

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-4-paragraph-12" class="schProv1"><num>12</num><content>A modification takes effect from such date as the Secretary of State may specify, and that date may be the date when the original scheme came into effect.</content></paragraph>

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-4-paragraph-7" class="schProv1"><num>7</num><intro>For the purpose of paragraph 6(b)—</intro><level class="para1" eId="schedule-4-paragraph-7-a"><num>(a)</num><content>an individual who holds employment in the civil service of the State is to be treated as employed by virtue of a contract of employment, and</content></level><level class="para1" eId="schedule-4-paragraph-7-b"><num>(b)</num><content>the terms on which the individual holds that employment are to be regarded as constituting the terms of that contract.</content></level></paragraph>

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" name="crossheading" ukl:Name="Pblock" eId="schedule-3-crossheading-public-records-act-1958-c-51"><heading>Public Records Act 1958 (c. 51)</heading><paragraph eId="schedule-3-paragraph-1" class="schProv1"><num>1</num><content><mod>In Schedule 1 to the Public Records Act 1958 (definition of public records), in paragraph 3, in Part 2 of the Table, at the appropriate place insert— <quotedText>“ The single financial guidance body. ”</quotedText></mod></content></paragraph></hcontainer>

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" name="crossheading" ukl:Name="Pblock" eId="schedule-3-crossheading-parliamentary-commissioner-act-1967-c-13"><heading>Parliamentary Commissioner Act 1967 (c. 13)</heading><paragraph eId="schedule-3-paragraph-2" class="schProv1"><num>2</num><content><mod>In Schedule 2 to the Parliamentary Commissioner Act 1967 (departments <abbr title="Et cetera" xml:lang="la">etc</abbr> subject to investigation), at the appropriate place insert— <quotedText>“ The single financial guidance body. ”</quotedText></mod></content></paragraph></hcontainer>

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" name="crossheading" ukl:Name="Pblock" eId="schedule-3-crossheading-house-of-commons-disqualification-act-1975-c-24"><heading>House of Commons Disqualification Act 1975 (c. 24)</heading><paragraph eId="schedule-3-paragraph-3" class="schProv1"><num>3</num><content><mod>In Part 2 of Schedule 1 to the House of Commons Disqualification Act 1975 (bodies of which all members are disqualified), at the appropriate place insert— <quotedText>“ The single financial guidance body. ”</quotedText></mod></content></paragraph></hcontainer>

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" name="crossheading" ukl:Name="Pblock" eId="schedule-3-crossheading-northern-ireland-assembly-disqualification-act-1975-c-25"><heading>Northern Ireland Assembly Disqualification Act 1975 (c. 25)</heading><paragraph eId="schedule-3-paragraph-4" class="schProv1"><num>4</num><content><mod>In Part 2 of Schedule 1 to the Northern Ireland Assembly Disqualification Act 1975 (bodies of which all members are disqualified), at the appropriate place insert— <quotedText>“ The single financial guidance body. ”</quotedText></mod></content></paragraph></hcontainer>

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" name="crossheading" ukl:Name="Pblock" eId="schedule-3-crossheading-financial-services-and-markets-act-2000-c-8"><heading>Financial Services and Markets Act 2000 (c. 8)</heading><paragraph eId="schedule-3-paragraph-5" class="schProv1"><num>5</num><content>The Financial Services and Markets Act 2000 is amended as follows.</content></paragraph><paragraph eId="schedule-3-paragraph-6" class="schProv1"><num>6</num><content><mod>In section 1A(6) (functions of the FCA), after paragraph (c) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="default"><level class="para1"><num>(cza)</num><content>the Financial Guidance and Claims Act 2018,</content></level></quotedStructure><inline name="appendText">.</inline></mod></content></paragraph><paragraph eId="schedule-3-paragraph-7" class="schProv1"><num>7</num><content>In section 1B (FCA's general duties), omit subsection (7A).</content></paragraph><paragraph eId="schedule-3-paragraph-8" class="schProv1"><num>8</num><content>In section 1C (the consumer protection objective), in subsection (2), omit paragraph (g).</content></paragraph><paragraph eId="schedule-3-paragraph-9" class="schProv1"><num>9</num><content>In section 1M (FCA's general duty to consult), omit the words “and its duties under section 333O”.</content></paragraph><paragraph eId="schedule-3-paragraph-10" class="schProv1"><num>10</num><content>In section 1S (reviews), in subsection (3) omit the words “or its duties under section 333O(1) and (2)(a)”.</content></paragraph><paragraph eId="schedule-3-paragraph-11" class="schProv1"><num>11</num><content><mod>In section 3R (arrangements for provision of services), in subsection (4), for paragraph (a) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="default"><level class="para1"><num>(a)</num><content>the single financial guidance body (see Part 1 of the Financial Guidance and Claims Act 2018),</content></level></quotedStructure><inline name="appendText">.</inline></mod></content></paragraph><paragraph eId="schedule-3-paragraph-12" class="schProv1"><num>12</num><content>Omit section 3S (the consumer financial education body).</content></paragraph><paragraph eId="schedule-3-paragraph-13" class="schProv1"><num>13</num><intro>In section 138F (notification of rules), in subsection (2) (exceptions to notification)—</intro><level class="para1" eId="schedule-3-paragraph-13-a"><num>(a)</num><content><mod>after “, 137FBA” insert <quotedText>“ , 137SA ”</quotedText>;</mod></content></level><level class="para1" eId="schedule-3-paragraph-13-b"><num>(b)</num><content><mod>before “, 137SA” (inserted by paragraph (a)), insert <quotedText>“ , 137FC ”</quotedText>;</mod></content></level><level class="para1" eId="schedule-3-paragraph-13-c"><num>(c)</num><content><mod>after “, 137SA” insert <quotedText>“ , 137SB ”</quotedText>;</mod></content></level><level class="para1" eId="schedule-3-paragraph-13-d"><num>(d)</num><content>omit “, 333Q, 333R”.</content></level></paragraph><paragraph eId="schedule-3-paragraph-14" class="schProv1"><num>14</num><subparagraph eId="schedule-3-paragraph-14-1"><num>(1)</num><content>Section 138I (consultation on rules by FCA) is amended as follows.</content></subparagraph><subparagraph eId="schedule-3-paragraph-14-2"><num>(2)</num><intro>In subsection (6) (exception to requirement to carry out cost benefit analysis)—</intro><level class="para1" eId="schedule-3-paragraph-14-2-a"><num>(a)</num><content><mod>after paragraph (ab) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="unknown" uk:docName="unknown" ukl:TargetClass="unknown" ukl:TargetSubClass="unknown" ukl:Context="unknown" ukl:Format="default"><level class="para1"><num>(ad)</num><content>section 137SA;</content></level></quotedStructure><inline name="appendText">;</inline></mod></content></level><level class="para1" eId="schedule-3-paragraph-14-2-b"><num>(b)</num><content><mod>before paragraph (ad) (inserted by paragraph (a)), insert—<quotedStructure startQuote="“" endQuote="”" uk:context="unknown" uk:docName="unknown" ukl:TargetClass="unknown" ukl:TargetSubClass="unknown" ukl:Context="unknown" ukl:Format="default"><level class="para1"><num>(ac)</num><content>section 137FC;</content></level></quotedStructure><inline name="appendText">;</inline></mod></content></level><level class="para1" eId="schedule-3-paragraph-14-2-c"><num>(c)</num><content><mod>after paragraph (ad) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="unknown" uk:docName="unknown" ukl:TargetClass="unknown" ukl:TargetSubClass="unknown" ukl:Context="unknown" ukl:Format="default"><level class="para1"><num>(ae)</num><content>section 137SB;</content></level></quotedStructure><inline name="appendText">;</inline></mod></content></level><level class="para1" eId="schedule-3-paragraph-14-2-d"><num>(d)</num><content>omit paragraphs (ca), (cb) and (e).</content></level></subparagraph><subparagraph eId="schedule-3-paragraph-14-3"><num>(3)</num><intro>In subsection (10) (exception to requirement to consult PRA before making rules)—</intro><level class="para1" eId="schedule-3-paragraph-14-3-a"><num>(a)</num><content><mod>after “137FBA” insert <quotedText>“ , 137SA ”</quotedText>;</mod></content></level><level class="para1" eId="schedule-3-paragraph-14-3-b"><num>(b)</num><content><mod>before “, 137SA” (inserted by paragraph (a)), insert <quotedText>“ , 137FC ”</quotedText>;</mod></content></level><level class="para1" eId="schedule-3-paragraph-14-3-c"><num>(c)</num><content><mod>after “, 137SA” insert <quotedText>“ , 137SB ”</quotedText>;</mod></content></level><level class="para1" eId="schedule-3-paragraph-14-3-d"><num>(d)</num><content>omit “, 333Q, 333R”.</content></level></subparagraph></paragraph><paragraph eId="schedule-3-paragraph-15" class="schProv1"><num>15</num><content>In section 138J (consultation on rules by PRA), in subsection (6), omit paragraph (e).</content></paragraph><paragraph eId="schedule-3-paragraph-16" class="schProv1"><num>16</num><content>In section 139A (power of FCA to give guidance), omit subsection (1A).</content></paragraph><paragraph eId="schedule-3-paragraph-17" class="schProv1"><num>17</num><intro>In section 140A (competition scrutiny: interpretation), in subsection (1), in paragraph (a) of the definition of “regulating provisions”—</intro><level class="para1" eId="schedule-3-paragraph-17-a"><num>(a)</num><content>in sub-paragraph (ii), omit “or 333P(9)”;</content></level><level class="para1" eId="schedule-3-paragraph-17-b"><num>(b)</num><content>omit sub-paragraphs (v) and (vi).</content></level></paragraph><paragraph eId="schedule-3-paragraph-18" class="schProv1"><num>18</num><content>In section 168 (appointment of persons to carry out investigations), in subsection (2)(a), omit “or 333G”.</content></paragraph><paragraph eId="schedule-3-paragraph-19" class="schProv1"><num>19</num><content>Omit Part 20A (sections 333A to 333R; pensions guidance).</content></paragraph><paragraph eId="schedule-3-paragraph-20" class="schProv1"><num>20</num><content>In section 429 (Parliamentary control of statutory instruments), in subsection (2), omit “, 333C, 333R”.</content></paragraph><paragraph eId="schedule-3-paragraph-21" class="schProv1"><num>21</num><subparagraph eId="schedule-3-paragraph-21-1"><num>(1)</num><content>Schedule 1ZA (the Financial Conduct Authority) is amended as follows.</content></subparagraph><subparagraph eId="schedule-3-paragraph-21-2"><num>(2)</num><intro>In paragraph 8 (arrangements for discharging functions)—</intro><level class="para1" eId="schedule-3-paragraph-21-2-a"><num>(a)</num><intro>in sub-paragraph (3)—</intro><level class="para2" eId="schedule-3-paragraph-21-2-a-i"><num>(i)</num><content><mod>in paragraph (c)(i), for “, 312J or 333K” substitute <quotedText>“ or 312J ”</quotedText>;</mod></content></level><level class="para2" eId="schedule-3-paragraph-21-2-a-ii"><num>(ii)</num><content>omit paragraph (e);</content></level></level><level class="para1" eId="schedule-3-paragraph-21-2-b"><num>(b)</num><content><mod>after sub-paragraph (3), insert—<quotedStructure startQuote="“" endQuote="”" uk:context="unknown" uk:docName="unknown" ukl:TargetClass="unknown" ukl:TargetSubClass="unknown" ukl:Context="unknown" ukl:Format="default"><subsection><num>(3A)</num><content>In exercising its functions under sections 9(2) and 10 of the Financial Guidance and Claims Act 2018 (approving and reviewing standards set by single financial guidance body), the FCA must act through its governing body.</content></subsection></quotedStructure><inline name="appendText">;</inline></mod></content></level><level class="para1" eId="schedule-3-paragraph-21-2-c"><num>(c)</num><content>in sub-paragraph (4), omit “or 333P(9)”.</content></level></subparagraph><subparagraph eId="schedule-3-paragraph-21-3"><num>(3)</num><intro>In paragraph 11 (annual report), in sub-paragraph (1)—</intro><level class="para1" eId="schedule-3-paragraph-21-3-a"><num>(a)</num><content>omit paragraph (hb);</content></level><level class="para1" eId="schedule-3-paragraph-21-3-b"><num>(b)</num><content><mod>omit the “and” at the end of paragraph (i), and after that paragraph insert—<quotedStructure startQuote="“" endQuote="”" uk:context="unknown" uk:docName="unknown" ukl:TargetClass="unknown" ukl:TargetSubClass="unknown" ukl:Context="unknown" ukl:Format="default"><level class="para1"><num>(ia)</num><content>how, in its opinion, it has complied with its duties under sections 9(2) and 10 of the Financial Guidance and Claims Act 2018, and</content></level></quotedStructure><inline name="appendText">.</inline></mod></content></level></subparagraph><subparagraph eId="schedule-3-paragraph-21-4"><num>(4)</num><intro>In paragraph 21 (financial penalty scheme), in sub-paragraph (2)—</intro><level class="para1" eId="schedule-3-paragraph-21-4-a"><num>(a)</num><content><mod>at the end of paragraph (c) insert <quotedText>“ and ”</quotedText>;</mod></content></level><level class="para1" eId="schedule-3-paragraph-21-4-b"><num>(b)</num><content>omit paragraph (e) (and the word “and” immediately preceding it).</content></level></subparagraph><subparagraph eId="schedule-3-paragraph-21-5"><num>(5)</num><intro>In paragraph 23 (fees)—</intro><level class="para1" eId="schedule-3-paragraph-21-5-a"><num>(a)</num><intro>in sub-paragraph (1)—</intro><level class="para2" eId="schedule-3-paragraph-21-5-a-i"><num>(i)</num><content><mod>after “sections” insert <quotedText>“ 137SA, ”</quotedText>;</mod></content></level><level class="para2" eId="schedule-3-paragraph-21-5-a-ii"><num>(ii)</num><content><mod>after “137SA” insert <quotedText>“ , 137SB ”</quotedText>;</mod></content></level><level class="para2" eId="schedule-3-paragraph-21-5-a-iii"><num>(iii)</num><content>omit “, 333Q, 333R”;</content></level></level><level class="para1" eId="schedule-3-paragraph-21-5-b"><num>(b)</num><intro>in sub-paragraph (2ZA)—</intro><level class="para2" eId="schedule-3-paragraph-21-5-b-i"><num>(i)</num><content>omit paragraph (a) (and the word “and” immediately following it);</content></level><level class="para2" eId="schedule-3-paragraph-21-5-b-ii"><num>(ii)</num><content><mod>in paragraph (b), for “sections 333R and 333T” substitute <quotedText>“ section 333T ”</quotedText>;</mod></content></level><level class="para2" eId="schedule-3-paragraph-21-5-b-iii"><num>(iii)</num><content><mod>after paragraph (b), insert<quotedText startQuote="“">, and </quotedText><quotedStructure endQuote="”" uk:context="unknown" uk:docName="unknown" ukl:TargetClass="unknown" ukl:TargetSubClass="unknown" ukl:Context="unknown" ukl:Format="default"><level class="para1"><num>(c)</num><content>its functions under section 137SA.</content></level></quotedStructure><inline name="appendText">;</inline></mod></content></level><level class="para2" eId="schedule-3-paragraph-21-5-b-iv"><num>(iv)</num><content><mod>in paragraph (c) (inserted by sub-paragraph (iii)), for “section 137SA” substitute <quotedText>“ sections 137SA and 137SB ”</quotedText>.</mod></content></level></level></subparagraph></paragraph><paragraph eId="schedule-3-paragraph-22" class="schProv1"><num>22</num><content>Omit Schedule 1A (further provision about the consumer financial education body).</content></paragraph></hcontainer>

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" name="crossheading" class="schGroup7"><heading>Freedom of Information Act <ref eId="c00018" href="http://www.legislation.gov.uk/id/ukpga/2000/36">2000 (c. 36)</ref></heading><paragraph eId="schedule-3-paragraph-23" class="schProv1"><num>23</num><content><mod>In Part 6 of Schedule 1 to the Freedom of Information Act 2000 (public authorities: general), at the appropriate place insert—<quotedStructure startQuote="“" endQuote="”" uk:context="schedule" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="schedule" ukl:Format="double"><hcontainer name="definition"><content>The single financial guidance body.</content></hcontainer></quotedStructure></mod></content></paragraph></hcontainer>

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" name="crossheading" ukl:Name="Pblock" eId="schedule-3-crossheading-freedom-of-information-act-2000-c-36"><heading>Freedom of Information Act 2000 (c. 36)</heading><paragraph eId="schedule-3-paragraph-23" class="schProv1"><num>23</num><content><mod>In Part 6 of Schedule 1 to the Freedom of Information Act 2000 (public authorities: general), at the appropriate place insert—<quotedStructure startQuote="“" endQuote="”" uk:context="schedule" uk:docName="unknown" ukl:TargetClass="unknown" ukl:TargetSubClass="unknown" ukl:Context="schedule" ukl:Format="default">The single financial guidance body.</quotedStructure></mod></content></paragraph></hcontainer>

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" name="crossheading" ukl:Name="Pblock" eId="schedule-3-crossheading-equality-act-2010-c-15"><heading>Equality Act 2010 (c. 15)</heading><paragraph eId="schedule-3-paragraph-24" class="schProv1"><num>24</num><content><mod>In Part 1 of Schedule 19 to the Equality Act 2010 (public authorities: general), under the heading “Industry, business, finance <abbr title="Et cetera" xml:lang="la">etc</abbr>”, at the appropriate place insert—<quotedStructure startQuote="“" endQuote="”" uk:context="schedule" uk:docName="unknown" ukl:TargetClass="unknown" ukl:TargetSubClass="unknown" ukl:Context="schedule" ukl:Format="default">The single financial guidance body.</quotedStructure></mod></content></paragraph></hcontainer>

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" name="crossheading" ukl:Name="Pblock" eId="schedule-3-crossheading-financial-services-act-2010-c-28"><heading>Financial Services Act 2010 (c. 28)</heading><paragraph eId="schedule-3-paragraph-25" class="schProv1"><num>25</num><content>The Financial Services Act 2010 is amended as follows.</content></paragraph><paragraph eId="schedule-3-paragraph-26" class="schProv1"><num>26</num><content>In section 2 (enhancing public understanding of financial matters <abbr title="Et cetera" xml:lang="la">etc</abbr>), omit subsections (1) and (6).</content></paragraph><paragraph eId="schedule-3-paragraph-27" class="schProv1"><num>27</num><content>Omit Schedule 1 (further provision about the consumer financial education body).</content></paragraph></hcontainer>

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" name="crossheading" ukl:Name="Pblock" eId="schedule-3-crossheading-financial-services-act-2012-c-21"><heading>Financial Services Act 2012 (c. 21)</heading><paragraph eId="schedule-3-paragraph-28" class="schProv1"><num>28</num><content>The Financial Services Act 2012 is amended as follows.</content></paragraph><paragraph eId="schedule-3-paragraph-29" class="schProv1"><num>29</num><content>Omit section 45 and Schedule 15 (the consumer financial education body).</content></paragraph><paragraph eId="schedule-3-paragraph-30" class="schProv1"><num>30</num><intro>In section 85 (relevant functions in relation to complaints scheme)—</intro><level class="para1" eId="schedule-3-paragraph-30-a"><num>(a)</num><content><mod>in subsection (2)(a), after “legislative functions” insert <quotedText>“ and its standards review functions ”</quotedText>;</mod></content></level><level class="para1" eId="schedule-3-paragraph-30-b"><num>(b)</num><intro>in subsection (4)—</intro><level class="para2" eId="schedule-3-paragraph-30-b-i"><num>(i)</num><content><mod>in paragraph (c)(i), for “, 312J or 333K” substitute <quotedText>“ or 312J ”</quotedText>;</mod></content></level><level class="para2" eId="schedule-3-paragraph-30-b-ii"><num>(ii)</num><content>in paragraph (e), omit “or 333P(9)”;</content></level><level class="para2" eId="schedule-3-paragraph-30-b-iii"><num>(iii)</num><content>omit paragraph (f).</content></level></level><level class="para1" eId="schedule-3-paragraph-30-c"><num>(c)</num><content><mod>After subsection (4) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="default"><subsection><num>(4A)</num><content>For the purposes of subsection (2)(a), the FCA's standards review functions are the FCA's functions under sections 9(2) and 10 of the Financial Guidance and Claims Act 2018 (approving and reviewing standards set by single financial guidance body).</content></subsection></quotedStructure></mod></content></level></paragraph></hcontainer>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1"><num>(b)</num><content>the Welsh Ministers, and</content></level>

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" name="crossheading" ukl:Name="Pblock" eId="schedule-3-crossheading-pension-schemes-act-2015-c-8"><heading>Pension Schemes Act 2015 (c. 8)</heading><paragraph eId="schedule-3-paragraph-31" class="schProv1"><num>31</num><content>In Schedule 3 to the Pension Schemes Act 2015 (pensions guidance), omit paragraphs 2 to 5, 8(b), 9 to 11, 13 to 15 and 17.</content></paragraph></hcontainer>

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" name="crossheading" ukl:Name="Pblock" eId="schedule-3-crossheading-bank-of-england-and-financial-services-act-2016-c-14"><heading>Bank of England and Financial Services Act 2016 (c. 14)</heading><paragraph eId="schedule-3-paragraph-32" class="schProv1"><num>32</num><content>In the Bank of England and Financial Services Act 2016, omit section 32 (amendments to section 333A of FSMA; pensions guidance).</content></paragraph></hcontainer>

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" name="schedule" eId="schedule-4"><num>SCHEDULE 4<authorialNote class="referenceNote"> Section 27</authorialNote></num><heading>REGULATION OF CLAIMS MANAGEMENT SERVICES: TRANSFER SCHEMES</heading><part eId="schedule-4-part-1"><num>PART 1</num><heading>APPLICATION AND INTERPRETATION</heading><paragraph eId="schedule-4-paragraph-1" class="schProv1"><num>1</num><intro>This Schedule applies if the Treasury make an order under section 22(1B) of the Financial Services and Markets Act 2000 which has the effect that an activity—</intro><level class="para1" eId="schedule-4-paragraph-1-a"><num>(a)</num><content>becomes a regulated activity for the purposes of that Act, and</content></level><level class="para1" eId="schedule-4-paragraph-1-b"><num>(b)</num><content>ceases to be a regulated service under Part 2 of the Compensation Act 2006 (see section 4(2)(e) of that Act).</content></level></paragraph><paragraph eId="schedule-4-paragraph-2" class="schProv1"><num>2</num><intro>In this Schedule—</intro><hcontainer name="definition"><content>“<term refersTo="#term-the-data-protection-legislation" eId="term-the-data-protection-legislation">the data protection legislation</term>” has the same meaning as in the Data Protection Act 2018 (see section 3 of that Act);</content></hcontainer><hcontainer name="definition"><content>“<term refersTo="#term-the-fca" eId="term-the-fca">the FCA</term>” means the Financial Conduct Authority;</content></hcontainer><hcontainer name="definition"><content>“<term refersTo="#term-the-fos" eId="term-the-fos">the FOS</term>” means the body corporate which administers the ombudsman scheme provided for in Part 16 of the Financial Services and Markets Act 2000 (see section 225 of that Act);</content></hcontainer><hcontainer name="definition"><content>“<term refersTo="#term-the-olc" eId="term-the-olc">the OLC</term>” means the Office for Legal Complaints established by section 114 of the Legal Services Act 2007;</content></hcontainer><hcontainer name="definition"><content>“<term refersTo="#term-the-regulator" eId="term-the-regulator">the Regulator</term>” means the person designated under section 5(1) of the Compensation Act 2006 or, if no person is so designated, the Secretary of State.</content></hcontainer></paragraph></part><part eId="schedule-4-part-2"><num>PART 2</num><heading>TRANSFER OF PROPERTY AND STAFF FROM THE REGULATOR TO THE FCA</heading><hcontainer name="crossheading" ukl:Name="Pblock" eId="schedule-4-part-2-crossheading-power-of-secretary-of-state-to-make-transfer-schemes"><heading>Power of Secretary of State to make transfer schemes</heading><paragraph eId="schedule-4-paragraph-3" class="schProv1"><num>3</num><content>The Secretary of State may, with the consent of the FCA, make one or more schemes for the transfer of property, rights and liabilities of the Regulator to the FCA.</content></paragraph></hcontainer><hcontainer name="crossheading" ukl:Name="Pblock" eId="schedule-4-part-2-crossheading-transfer-of-property-rights-and-liabilities"><heading>Transfer of property, rights and liabilities</heading><paragraph eId="schedule-4-paragraph-4" class="schProv1"><num>4</num><content>The following provisions of this Part of this Schedule apply in relation to schemes under paragraph 3 (“transfer schemes”).</content></paragraph><paragraph eId="schedule-4-paragraph-5" class="schProv1"><num>5</num><content>The property, rights and liabilities which are the subject of a transfer scheme are transferred in accordance with the provisions of the scheme on such day as the scheme may specify.</content></paragraph><paragraph eId="schedule-4-paragraph-6" class="schProv1"><num>6</num><intro>The property, rights and liabilities that may be the subject of a transfer scheme include—</intro><level class="para1" eId="schedule-4-paragraph-6-a"><num>(a)</num><content>any that would not otherwise be capable of being transferred or assigned,</content></level><level class="para1" eId="schedule-4-paragraph-6-b"><num>(b)</num><content>rights and liabilities under a contract of employment, and</content></level><level class="para1" eId="schedule-4-paragraph-6-c"><num>(c)</num><content>amounts in respect of fees paid under the Compensation (Claims Management Services) Regulations 2006 (<abbr class="acronym" title="Statutory Instrument">S.I.</abbr> 2006/3322).</content></level></paragraph><paragraph eId="schedule-4-paragraph-7" class="schProv1"><num>7</num><intro>For the purpose of paragraph 6(b)—</intro><level class="para1" eId="schedule-4-paragraph-7-a"><num>(a)</num><content>an individual who holds employment in the civil service of the State is to be treated as employed by virtue of a contract of employment, and</content></level><level class="para1" eId="schedule-4-paragraph-7-b"><num>(b)</num><content>the terms on which the individual holds that employment are to be regarded as constituting the terms of that contract.</content></level></paragraph></hcontainer><hcontainer name="crossheading" ukl:Name="Pblock" eId="schedule-4-part-2-crossheading-contents-of-a-transfer-scheme"><heading>Contents of a transfer scheme</heading><paragraph eId="schedule-4-paragraph-8" class="schProv1"><num>8</num><subparagraph eId="schedule-4-paragraph-8-1"><num>(1)</num><intro>A transfer scheme may—</intro><level class="para1" eId="schedule-4-paragraph-8-1-a"><num>(a)</num><content>provide for anything done before the transfer by or in relation to the Regulator in connection with any property, rights or liabilities transferred by the scheme to be treated as having been done by or in relation to the FCA;</content></level><level class="para1" eId="schedule-4-paragraph-8-1-b"><num>(b)</num><content>contain provision for the payment by the FCA of compensation to the Regulator for costs incurred (before or after the transfer) in connection with the transfer or the exercise of functions in relation to the regulation of claims management services;</content></level><level class="para1" eId="schedule-4-paragraph-8-1-c"><num>(c)</num><content>contain provision for the payment of compensation by the FCA to any person whose interests are adversely affected by the transfer scheme;</content></level><level class="para1" eId="schedule-4-paragraph-8-1-d"><num>(d)</num><content>make provision that is the same as or similar to provision made by the Transfer of Undertakings (Protection of Employment) Regulations 2006 (<abbr class="acronym" title="Statutory Instrument">S.I.</abbr> 2006/246), if those Regulations do not apply to the transfer.</content></level></subparagraph><subparagraph eId="schedule-4-paragraph-8-2"><num>(2)</num><content>An obligation of the FCA to make a compensation payment or to meet a liability transferred under provision in a transfer scheme is to be treated for the purposes of paragraph 23 of Schedule 1ZA to the Financial Services and Markets Act 2000 (fees) as a qualifying function conferred on the FCA under that Act.</content></subparagraph></paragraph></hcontainer><hcontainer name="crossheading" ukl:Name="Pblock" eId="schedule-4-part-2-crossheading-supplementary"><heading>Supplementary</heading><paragraph eId="schedule-4-paragraph-9" class="schProv1"><num>9</num><intro>A transfer scheme may—</intro><level class="para1" eId="schedule-4-paragraph-9-a"><num>(a)</num><content>contain supplementary, incidental and consequential provision;</content></level><level class="para1" eId="schedule-4-paragraph-9-b"><num>(b)</num><content>make transitory or transitional provision or savings;</content></level><level class="para1" eId="schedule-4-paragraph-9-c"><num>(c)</num><content>make different provision for different purposes;</content></level><level class="para1" eId="schedule-4-paragraph-9-d"><num>(d)</num><content>make provision subject to exceptions.</content></level></paragraph></hcontainer><hcontainer name="crossheading" ukl:Name="Pblock" eId="schedule-4-part-2-crossheading-modification-of-a-transfer-scheme"><heading>Modification of a transfer scheme</heading><paragraph eId="schedule-4-paragraph-10" class="schProv1"><num>10</num><content>Subject to paragraph 11, the Secretary of State may, with the consent of the FCA, modify a transfer scheme.</content></paragraph><paragraph eId="schedule-4-paragraph-11" class="schProv1"><num>11</num><content>A modification relating to a transfer that has taken effect may be made only with the agreement of the person (or persons) affected by the modification.</content></paragraph><paragraph eId="schedule-4-paragraph-12" class="schProv1"><num>12</num><content>A modification takes effect from such date as the Secretary of State may specify, and that date may be the date when the original scheme came into effect.</content></paragraph></hcontainer></part><part eId="schedule-4-part-3"><num>PART 3</num><heading>TRANSFER OF PROPERTY AND STAFF FROM THE OLC TO THE FOS</heading><hcontainer name="crossheading" ukl:Name="Pblock" eId="schedule-4-part-3-crossheading-power-of-olc-to-make-transfer-schemes"><heading>Power of OLC to make transfer schemes</heading><paragraph eId="schedule-4-paragraph-13" class="schProv1"><num>13</num><content>The OLC may make one or more schemes for the transfer of property, rights and liabilities of the OLC to the FOS.</content></paragraph><paragraph eId="schedule-4-paragraph-14" class="schProv1"><num>14</num><content>A scheme made under paragraph 13 is not to be capable of coming into force unless it is approved by the Treasury and the Lord Chancellor.</content></paragraph><paragraph eId="schedule-4-paragraph-15" class="schProv1"><num>15</num><content>The OLC may not submit a scheme to the Treasury or the Lord Chancellor for approval under paragraph 14 without the consent of the FOS and the FCA.</content></paragraph></hcontainer><hcontainer name="crossheading" ukl:Name="Pblock" eId="schedule-4-part-3-crossheading-power-of-lord-chancellor-to-make-transfer-schemes"><heading>Power of Lord Chancellor to make transfer schemes</heading><paragraph eId="schedule-4-paragraph-16" class="schProv1"><num>16</num><content>Paragraph 17 applies if the OLC fails to make a scheme under paragraph 13 in circumstances where the Lord Chancellor considers that it is necessary for such a scheme to be made.</content></paragraph><paragraph eId="schedule-4-paragraph-17" class="schProv1"><num>17</num><content>The Lord Chancellor may, with the approval of the Treasury, the OLC, the FOS and the FCA, make a scheme for the transfer of property, rights and liabilities of the OLC to the FOS.</content></paragraph></hcontainer><hcontainer name="crossheading" ukl:Name="Pblock" eId="schedule-4-part-3-crossheading-provision-of-information-and-assistance-by-olc"><heading>Provision of information and assistance by OLC</heading><paragraph eId="schedule-4-paragraph-18" class="schProv1"><num>18</num><content>The OLC must provide the Treasury and the Lord Chancellor with all such information and other assistance as either of them may reasonably require for the purposes of, or otherwise in connection with, the exercise of their powers under this Part of this Schedule.</content></paragraph><paragraph eId="schedule-4-paragraph-19" class="schProv1"><num>19</num><content>Paragraph 18 is subject to any express restriction on disclosure imposed by the data protection legislation (ignoring any restriction which allows disclosure if authorised by an enactment).</content></paragraph></hcontainer><hcontainer name="crossheading" ukl:Name="Pblock" eId="schedule-4-part-3-crossheading-transfer-of-property-rights-and-liabilities"><heading>Transfer of property, rights and liabilities</heading><paragraph eId="schedule-4-paragraph-20" class="schProv1"><num>20</num><content>The following provisions of this Part of this Schedule apply in relation to schemes under paragraph 13 or 17 (“transfer schemes”).</content></paragraph><paragraph eId="schedule-4-paragraph-21" class="schProv1"><num>21</num><content>The property, rights and liabilities which are the subject of a transfer scheme are transferred in accordance with the provisions of the scheme on such day as the scheme may specify.</content></paragraph><paragraph eId="schedule-4-paragraph-22" class="schProv1"><num>22</num><intro>The property, rights and liabilities that may be the subject of a transfer scheme include—</intro><level class="para1" eId="schedule-4-paragraph-22-a"><num>(a)</num><content>any that would not otherwise be capable of being transferred or assigned, and</content></level><level class="para1" eId="schedule-4-paragraph-22-b"><num>(b)</num><content>rights and liabilities under a contract of employment.</content></level></paragraph></hcontainer><hcontainer name="crossheading" ukl:Name="Pblock" eId="schedule-4-part-3-crossheading-contents-of-a-transfer-scheme"><heading>Contents of a transfer scheme</heading><paragraph eId="schedule-4-paragraph-23" class="schProv1"><num>23</num><subparagraph eId="schedule-4-paragraph-23-1"><num>(1)</num><intro>A transfer scheme may—</intro><level class="para1" eId="schedule-4-paragraph-23-1-a"><num>(a)</num><content>provide for anything done before the transfer by or in relation to the OLC in connection with any property, rights or liabilities transferred by the scheme to be treated as having been done by or in relation to the FOS;</content></level><level class="para1" eId="schedule-4-paragraph-23-1-b"><num>(b)</num><content>contain provision for the payment by the FOS of compensation to the OLC or the Regulator for costs incurred (before or after the transfer) in connection with the transfer or the exercise of functions in relation to claims management services;</content></level><level class="para1" eId="schedule-4-paragraph-23-1-c"><num>(c)</num><content>contain provision for the payment of compensation by the FOS to any person whose interests are adversely affected by the transfer scheme;</content></level><level class="para1" eId="schedule-4-paragraph-23-1-d"><num>(d)</num><content>make provision that is the same as or similar to provision made by the Transfer of Undertakings (Protection of Employment) Regulations 2006 (<abbr class="acronym" title="Statutory Instrument">S.I.</abbr> 2006/246), if those Regulations do not apply to the transfer.</content></level></subparagraph><subparagraph eId="schedule-4-paragraph-23-2"><num>(2)</num><content>An obligation of the FOS to make a compensation payment or to meet a liability transferred under provision in a transfer scheme is to be treated for the purposes of section 234 of the Financial Services and Markets Act 2000 (industry funding) as a cost of its operation in relation to the compulsory jurisdiction.</content></subparagraph></paragraph></hcontainer><hcontainer name="crossheading" ukl:Name="Pblock" eId="schedule-4-part-3-crossheading-supplementary"><heading>Supplementary</heading><paragraph eId="schedule-4-paragraph-24" class="schProv1"><num>24</num><intro>A transfer scheme may—</intro><level class="para1" eId="schedule-4-paragraph-24-a"><num>(a)</num><content>contain supplementary, incidental and consequential provision;</content></level><level class="para1" eId="schedule-4-paragraph-24-b"><num>(b)</num><content>make transitory or transitional provision or savings;</content></level><level class="para1" eId="schedule-4-paragraph-24-c"><num>(c)</num><content>make different provision for different purposes;</content></level><level class="para1" eId="schedule-4-paragraph-24-d"><num>(d)</num><content>make provision subject to exceptions.</content></level></paragraph></hcontainer><hcontainer name="crossheading" ukl:Name="Pblock" eId="schedule-4-part-3-crossheading-modification-of-a-transfer-scheme"><heading>Modification of a transfer scheme</heading><paragraph eId="schedule-4-paragraph-25" class="schProv1"><num>25</num><content>Subject to paragraphs 26 to 28, the OLC may modify a transfer scheme.</content></paragraph><paragraph eId="schedule-4-paragraph-26" class="schProv1"><num>26</num><content>A modification relating to a transfer that has taken effect may be made only with the agreement of the person (or persons) affected by the modification.</content></paragraph><paragraph eId="schedule-4-paragraph-27" class="schProv1"><num>27</num><content>A modification is not to be capable of coming into effect unless it is approved by the Treasury and the Lord Chancellor.</content></paragraph><paragraph eId="schedule-4-paragraph-28" class="schProv1"><num>28</num><content>The OLC may not submit a scheme to the Treasury or the Lord Chancellor for approval under paragraph 27 without the consent of the FOS and the FCA.</content></paragraph><paragraph eId="schedule-4-paragraph-29" class="schProv1"><num>29</num><content>A modification takes effect from such date as the OLC may specify, and that date may be the date when the original scheme came into effect.</content></paragraph></hcontainer></part></hcontainer>

<part xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-4-part-1"><num>PART 1</num><heading>APPLICATION AND INTERPRETATION</heading><paragraph eId="schedule-4-paragraph-1" class="schProv1"><num>1</num><intro>This Schedule applies if the Treasury make an order under section 22(1B) of the Financial Services and Markets Act 2000 which has the effect that an activity—</intro><level class="para1" eId="schedule-4-paragraph-1-a"><num>(a)</num><content>becomes a regulated activity for the purposes of that Act, and</content></level><level class="para1" eId="schedule-4-paragraph-1-b"><num>(b)</num><content>ceases to be a regulated service under Part 2 of the Compensation Act 2006 (see section 4(2)(e) of that Act).</content></level></paragraph><paragraph eId="schedule-4-paragraph-2" class="schProv1"><num>2</num><intro>In this Schedule—</intro><hcontainer name="definition"><content>“<term refersTo="#term-the-data-protection-legislation" eId="term-the-data-protection-legislation">the data protection legislation</term>” has the same meaning as in the Data Protection Act 2018 (see section 3 of that Act);</content></hcontainer><hcontainer name="definition"><content>“<term refersTo="#term-the-fca" eId="term-the-fca">the FCA</term>” means the Financial Conduct Authority;</content></hcontainer><hcontainer name="definition"><content>“<term refersTo="#term-the-fos" eId="term-the-fos">the FOS</term>” means the body corporate which administers the ombudsman scheme provided for in Part 16 of the Financial Services and Markets Act 2000 (see section 225 of that Act);</content></hcontainer><hcontainer name="definition"><content>“<term refersTo="#term-the-olc" eId="term-the-olc">the OLC</term>” means the Office for Legal Complaints established by section 114 of the Legal Services Act 2007;</content></hcontainer><hcontainer name="definition"><content>“<term refersTo="#term-the-regulator" eId="term-the-regulator">the Regulator</term>” means the person designated under section 5(1) of the Compensation Act 2006 or, if no person is so designated, the Secretary of State.</content></hcontainer></paragraph></part>

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-4-paragraph-1" class="schProv1"><num>1</num><intro>This Schedule applies if the Treasury make an order under section 22(1B) of the Financial Services and Markets Act 2000 which has the effect that an activity—</intro><level class="para1" eId="schedule-4-paragraph-1-a"><num>(a)</num><content>becomes a regulated activity for the purposes of that Act, and</content></level><level class="para1" eId="schedule-4-paragraph-1-b"><num>(b)</num><content>ceases to be a regulated service under Part 2 of the Compensation Act 2006 (see section 4(2)(e) of that Act).</content></level></paragraph>

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-4-paragraph-2" class="schProv1"><num>2</num><intro>In this Schedule—</intro><hcontainer name="definition"><content>“<term refersTo="#term-the-data-protection-legislation" eId="term-the-data-protection-legislation">the data protection legislation</term>” has the same meaning as in the Data Protection Act 2018 (see section 3 of that Act);</content></hcontainer><hcontainer name="definition"><content>“<term refersTo="#term-the-fca" eId="term-the-fca">the FCA</term>” means the Financial Conduct Authority;</content></hcontainer><hcontainer name="definition"><content>“<term refersTo="#term-the-fos" eId="term-the-fos">the FOS</term>” means the body corporate which administers the ombudsman scheme provided for in Part 16 of the Financial Services and Markets Act 2000 (see section 225 of that Act);</content></hcontainer><hcontainer name="definition"><content>“<term refersTo="#term-the-olc" eId="term-the-olc">the OLC</term>” means the Office for Legal Complaints established by section 114 of the Legal Services Act 2007;</content></hcontainer><hcontainer name="definition"><content>“<term refersTo="#term-the-regulator" eId="term-the-regulator">the Regulator</term>” means the person designated under section 5(1) of the Compensation Act 2006 or, if no person is so designated, the Secretary of State.</content></hcontainer></paragraph>

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="definition"><content>“<term refersTo="#term-right-of-audience" eId="term-right-of-audience">right of audience</term>” means the right to appear before and address a court in Scotland, including the right to call and examine witnesses.</content></hcontainer>

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-4-paragraph-23" class="schProv1"><num>23</num><subparagraph eId="schedule-4-paragraph-23-1"><num>(1)</num><intro>A transfer scheme may—</intro><level class="para1" eId="schedule-4-paragraph-23-1-a"><num>(a)</num><content>provide for anything done before the transfer by or in relation to the OLC in connection with any property, rights or liabilities transferred by the scheme to be treated as having been done by or in relation to the FOS;</content></level><level class="para1" eId="schedule-4-paragraph-23-1-b"><num>(b)</num><content>contain provision for the payment by the FOS of compensation to the OLC or the Regulator for costs incurred (before or after the transfer) in connection with the transfer or the exercise of functions in relation to claims management services;</content></level><level class="para1" eId="schedule-4-paragraph-23-1-c"><num>(c)</num><content>contain provision for the payment of compensation by the FOS to any person whose interests are adversely affected by the transfer scheme;</content></level><level class="para1" eId="schedule-4-paragraph-23-1-d"><num>(d)</num><content>make provision that is the same as or similar to provision made by the Transfer of Undertakings (Protection of Employment) Regulations 2006 (<abbr class="acronym" title="Statutory Instrument">S.I.</abbr> 2006/246), if those Regulations do not apply to the transfer.</content></level></subparagraph><subparagraph eId="schedule-4-paragraph-23-2"><num>(2)</num><content>An obligation of the FOS to make a compensation payment or to meet a liability transferred under provision in a transfer scheme is to be treated for the purposes of section 234 of the Financial Services and Markets Act 2000 (industry funding) as a cost of its operation in relation to the compulsory jurisdiction.</content></subparagraph></paragraph>

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="definition"><content>“<term refersTo="#term-the-fca" eId="term-the-fca">the FCA</term>” means the Financial Conduct Authority;</content></hcontainer>

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-4-paragraph-8" class="schProv1"><num>8</num><subparagraph eId="schedule-4-paragraph-8-1"><num>(1)</num><intro>A transfer scheme may—</intro><level class="para1" eId="schedule-4-paragraph-8-1-a"><num>(a)</num><content>provide for anything done before the transfer by or in relation to the Regulator in connection with any property, rights or liabilities transferred by the scheme to be treated as having been done by or in relation to the FCA;</content></level><level class="para1" eId="schedule-4-paragraph-8-1-b"><num>(b)</num><content>contain provision for the payment by the FCA of compensation to the Regulator for costs incurred (before or after the transfer) in connection with the transfer or the exercise of functions in relation to the regulation of claims management services;</content></level><level class="para1" eId="schedule-4-paragraph-8-1-c"><num>(c)</num><content>contain provision for the payment of compensation by the FCA to any person whose interests are adversely affected by the transfer scheme;</content></level><level class="para1" eId="schedule-4-paragraph-8-1-d"><num>(d)</num><content>make provision that is the same as or similar to provision made by the Transfer of Undertakings (Protection of Employment) Regulations 2006 (<abbr class="acronym" title="Statutory Instrument">S.I.</abbr> 2006/246), if those Regulations do not apply to the transfer.</content></level></subparagraph><subparagraph eId="schedule-4-paragraph-8-2"><num>(2)</num><content>An obligation of the FCA to make a compensation payment or to meet a liability transferred under provision in a transfer scheme is to be treated for the purposes of paragraph 23 of Schedule 1ZA to the Financial Services and Markets Act 2000 (fees) as a qualifying function conferred on the FCA under that Act.</content></subparagraph></paragraph>

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-4-paragraph-20" class="schProv1"><num>20</num><content>The following provisions of this Part of this Schedule apply in relation to schemes under paragraph 13 or 17 (“transfer schemes”).</content></paragraph>

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-4-paragraph-25" class="schProv1"><num>25</num><content>Subject to paragraphs 26 to 28, the OLC may modify a transfer scheme.</content></paragraph>

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-5-paragraph-10" class="schProv1"><num>10</num><content>The Regulator may disclose to the FCA or the FOS any information which the Regulator considers that it is necessary or expedient to disclose to the FCA or, as the case may be, the FOS so that the FCA or the FOS can take steps in preparation for the conferral of functions on it as a result of the making of a regulated claims management activity order.</content></paragraph>

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-4-paragraph-21" class="schProv1"><num>21</num><content>The property, rights and liabilities which are the subject of a transfer scheme are transferred in accordance with the provisions of the scheme on such day as the scheme may specify.</content></paragraph>

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-4-paragraph-26" class="schProv1"><num>26</num><content>A modification relating to a transfer that has taken effect may be made only with the agreement of the person (or persons) affected by the modification.</content></paragraph>

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-5-paragraph-11" class="schProv1"><num>11</num><content>Section 244 of the Enterprise Act 2002 (considerations relevant to disclosure of information) does not apply in relation to a disclosure under paragraph 10.</content></paragraph>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1"><num>(b)</num><content>the commencement, prosecution and defence of such proceedings;</content></level>

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-4-paragraph-22" class="schProv1"><num>22</num><intro>The property, rights and liabilities that may be the subject of a transfer scheme include—</intro><level class="para1" eId="schedule-4-paragraph-22-a"><num>(a)</num><content>any that would not otherwise be capable of being transferred or assigned, and</content></level><level class="para1" eId="schedule-4-paragraph-22-b"><num>(b)</num><content>rights and liabilities under a contract of employment.</content></level></paragraph>

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-4-paragraph-27" class="schProv1"><num>27</num><content>A modification is not to be capable of coming into effect unless it is approved by the Treasury and the Lord Chancellor.</content></paragraph>

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-5-paragraph-12" class="schProv1"><num>12</num><content>The OLC may disclose to the FOS or the FCA any information which the OLC considers that it is necessary or expedient to disclose to the FOS or, as the case may be, the FCA so that the FOS or the FCA can take steps in preparation for the conferral of functions on it as a result of the making of a regulated claims management activity order.</content></paragraph>

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-4-paragraph-28" class="schProv1"><num>28</num><content>The OLC may not submit a scheme to the Treasury or the Lord Chancellor for approval under paragraph 27 without the consent of the FOS and the FCA.</content></paragraph>

<paragraph xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="schedule-4-paragraph-29" class="schProv1"><num>29</num><content>A modification takes effect from such date as the OLC may specify, and that date may be the date when the original scheme came into effect.</content></paragraph>

<part xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="schedule-4-part-2"><num>PART 2</num><heading>TRANSFER OF PROPERTY AND STAFF FROM THE REGULATOR TO THE FCA</heading><hcontainer name="crossheading" ukl:Name="Pblock" eId="schedule-4-part-2-crossheading-power-of-secretary-of-state-to-make-transfer-schemes"><heading>Power of Secretary of State to make transfer schemes</heading><paragraph eId="schedule-4-paragraph-3" class="schProv1"><num>3</num><content>The Secretary of State may, with the consent of the FCA, make one or more schemes for the transfer of property, rights and liabilities of the Regulator to the FCA.</content></paragraph></hcontainer><hcontainer name="crossheading" ukl:Name="Pblock" eId="schedule-4-part-2-crossheading-transfer-of-property-rights-and-liabilities"><heading>Transfer of property, rights and liabilities</heading><paragraph eId="schedule-4-paragraph-4" class="schProv1"><num>4</num><content>The following provisions of this Part of this Schedule apply in relation to schemes under paragraph 3 (“transfer schemes”).</content></paragraph><paragraph eId="schedule-4-paragraph-5" class="schProv1"><num>5</num><content>The property, rights and liabilities which are the subject of a transfer scheme are transferred in accordance with the provisions of the scheme on such day as the scheme may specify.</content></paragraph><paragraph eId="schedule-4-paragraph-6" class="schProv1"><num>6</num><intro>The property, rights and liabilities that may be the subject of a transfer scheme include—</intro><level class="para1" eId="schedule-4-paragraph-6-a"><num>(a)</num><content>any that would not otherwise be capable of being transferred or assigned,</content></level><level class="para1" eId="schedule-4-paragraph-6-b"><num>(b)</num><content>rights and liabilities under a contract of employment, and</content></level><level class="para1" eId="schedule-4-paragraph-6-c"><num>(c)</num><content>amounts in respect of fees paid under the Compensation (Claims Management Services) Regulations 2006 (<abbr class="acronym" title="Statutory Instrument">S.I.</abbr> 2006/3322).</content></level></paragraph><paragraph eId="schedule-4-paragraph-7" class="schProv1"><num>7</num><intro>For the purpose of paragraph 6(b)—</intro><level class="para1" eId="schedule-4-paragraph-7-a"><num>(a)</num><content>an individual who holds employment in the civil service of the State is to be treated as employed by virtue of a contract of employment, and</content></level><level class="para1" eId="schedule-4-paragraph-7-b"><num>(b)</num><content>the terms on which the individual holds that employment are to be regarded as constituting the terms of that contract.</content></level></paragraph></hcontainer><hcontainer name="crossheading" ukl:Name="Pblock" eId="schedule-4-part-2-crossheading-contents-of-a-transfer-scheme"><heading>Contents of a transfer scheme</heading><paragraph eId="schedule-4-paragraph-8" class="schProv1"><num>8</num><subparagraph eId="schedule-4-paragraph-8-1"><num>(1)</num><intro>A transfer scheme may—</intro><level class="para1" eId="schedule-4-paragraph-8-1-a"><num>(a)</num><content>provide for anything done before the transfer by or in relation to the Regulator in connection with any property, rights or liabilities transferred by the scheme to be treated as having been done by or in relation to the FCA;</content></level><level class="para1" eId="schedule-4-paragraph-8-1-b"><num>(b)</num><content>contain provision for the payment by the FCA of compensation to the Regulator for costs incurred (before or after the transfer) in connection with the transfer or the exercise of functions in relation to the regulation of claims management services;</content></level><level class="para1" eId="schedule-4-paragraph-8-1-c"><num>(c)</num><content>contain provision for the payment of compensation by the FCA to any person whose interests are adversely affected by the transfer scheme;</content></level><level class="para1" eId="schedule-4-paragraph-8-1-d"><num>(d)</num><content>make provision that is the same as or similar to provision made by the Transfer of Undertakings (Protection of Employment) Regulations 2006 (<abbr class="acronym" title="Statutory Instrument">S.I.</abbr> 2006/246), if those Regulations do not apply to the transfer.</content></level></subparagraph><subparagraph eId="schedule-4-paragraph-8-2"><num>(2)</num><content>An obligation of the FCA to make a compensation payment or to meet a liability transferred under provision in a transfer scheme is to be treated for the purposes of paragraph 23 of Schedule 1ZA to the Financial Services and Markets Act 2000 (fees) as a qualifying function conferred on the FCA under that Act.</content></subparagraph></paragraph></hcontainer><hcontainer name="crossheading" ukl:Name="Pblock" eId="schedule-4-part-2-crossheading-supplementary"><heading>Supplementary</heading><paragraph eId="schedule-4-paragraph-9" class="schProv1"><num>9</num><intro>A transfer scheme may—</intro><level class="para1" eId="schedule-4-paragraph-9-a"><num>(a)</num><content>contain supplementary, incidental and consequential provision;</content></level><level class="para1" eId="schedule-4-paragraph-9-b"><num>(b)</num><content>make transitory or transitional provision or savings;</content></level><level class="para1" eId="schedule-4-paragraph-9-c"><num>(c)</num><content>make different provision for different purposes;</content></level><level class="para1" eId="schedule-4-paragraph-9-d"><num>(d)</num><content>make provision subject to exceptions.</content></level></paragraph></hcontainer><hcontainer name="crossheading" ukl:Name="Pblock" eId="schedule-4-part-2-crossheading-modification-of-a-transfer-scheme"><heading>Modification of a transfer scheme</heading><paragraph eId="schedule-4-paragraph-10" class="schProv1"><num>10</num><content>Subject to paragraph 11, the Secretary of State may, with the consent of the FCA, modify a transfer scheme.</content></paragraph><paragraph eId="schedule-4-paragraph-11" class="schProv1"><num>11</num><content>A modification relating to a transfer that has taken effect may be made only with the agreement of the person (or persons) affected by the modification.</content></paragraph><paragraph eId="schedule-4-paragraph-12" class="schProv1"><num>12</num><content>A modification takes effect from such date as the Secretary of State may specify, and that date may be the date when the original scheme came into effect.</content></paragraph></hcontainer></part>

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" name="crossheading" ukl:Name="Pblock" eId="schedule-4-part-2-crossheading-power-of-secretary-of-state-to-make-transfer-schemes"><heading>Power of Secretary of State to make transfer schemes</heading><paragraph eId="schedule-4-paragraph-3" class="schProv1"><num>3</num><content>The Secretary of State may, with the consent of the FCA, make one or more schemes for the transfer of property, rights and liabilities of the Regulator to the FCA.</content></paragraph></hcontainer>

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" name="crossheading" ukl:Name="Pblock" eId="schedule-4-part-2-crossheading-transfer-of-property-rights-and-liabilities"><heading>Transfer of property, rights and liabilities</heading><paragraph eId="schedule-4-paragraph-4" class="schProv1"><num>4</num><content>The following provisions of this Part of this Schedule apply in relation to schemes under paragraph 3 (“transfer schemes”).</content></paragraph><paragraph eId="schedule-4-paragraph-5" class="schProv1"><num>5</num><content>The property, rights and liabilities which are the subject of a transfer scheme are transferred in accordance with the provisions of the scheme on such day as the scheme may specify.</content></paragraph><paragraph eId="schedule-4-paragraph-6" class="schProv1"><num>6</num><intro>The property, rights and liabilities that may be the subject of a transfer scheme include—</intro><level class="para1" eId="schedule-4-paragraph-6-a"><num>(a)</num><content>any that would not otherwise be capable of being transferred or assigned,</content></level><level class="para1" eId="schedule-4-paragraph-6-b"><num>(b)</num><content>rights and liabilities under a contract of employment, and</content></level><level class="para1" eId="schedule-4-paragraph-6-c"><num>(c)</num><content>amounts in respect of fees paid under the Compensation (Claims Management Services) Regulations 2006 (<abbr class="acronym" title="Statutory Instrument">S.I.</abbr> 2006/3322).</content></level></paragraph><paragraph eId="schedule-4-paragraph-7" class="schProv1"><num>7</num><intro>For the purpose of paragraph 6(b)—</intro><level class="para1" eId="schedule-4-paragraph-7-a"><num>(a)</num><content>an individual who holds employment in the civil service of the State is to be treated as employed by virtue of a contract of employment, and</content></level><level class="para1" eId="schedule-4-paragraph-7-b"><num>(b)</num><content>the terms on which the individual holds that employment are to be regarded as constituting the terms of that contract.</content></level></paragraph></hcontainer>

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" name="crossheading" ukl:Name="Pblock" eId="schedule-4-part-2-crossheading-contents-of-a-transfer-scheme"><heading>Contents of a transfer scheme</heading><paragraph eId="schedule-4-paragraph-8" class="schProv1"><num>8</num><subparagraph eId="schedule-4-paragraph-8-1"><num>(1)</num><intro>A transfer scheme may—</intro><level class="para1" eId="schedule-4-paragraph-8-1-a"><num>(a)</num><content>provide for anything done before the transfer by or in relation to the Regulator in connection with any property, rights or liabilities transferred by the scheme to be treated as having been done by or in relation to the FCA;</content></level><level class="para1" eId="schedule-4-paragraph-8-1-b"><num>(b)</num><content>contain provision for the payment by the FCA of compensation to the Regulator for costs incurred (before or after the transfer) in connection with the transfer or the exercise of functions in relation to the regulation of claims management services;</content></level><level class="para1" eId="schedule-4-paragraph-8-1-c"><num>(c)</num><content>contain provision for the payment of compensation by the FCA to any person whose interests are adversely affected by the transfer scheme;</content></level><level class="para1" eId="schedule-4-paragraph-8-1-d"><num>(d)</num><content>make provision that is the same as or similar to provision made by the Transfer of Undertakings (Protection of Employment) Regulations 2006 (<abbr class="acronym" title="Statutory Instrument">S.I.</abbr> 2006/246), if those Regulations do not apply to the transfer.</content></level></subparagraph><subparagraph eId="schedule-4-paragraph-8-2"><num>(2)</num><content>An obligation of the FCA to make a compensation payment or to meet a liability transferred under provision in a transfer scheme is to be treated for the purposes of paragraph 23 of Schedule 1ZA to the Financial Services and Markets Act 2000 (fees) as a qualifying function conferred on the FCA under that Act.</content></subparagraph></paragraph></hcontainer>

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" name="crossheading" ukl:Name="Pblock" eId="schedule-4-part-2-crossheading-supplementary"><heading>Supplementary</heading><paragraph eId="schedule-4-paragraph-9" class="schProv1"><num>9</num><intro>A transfer scheme may—</intro><level class="para1" eId="schedule-4-paragraph-9-a"><num>(a)</num><content>contain supplementary, incidental and consequential provision;</content></level><level class="para1" eId="schedule-4-paragraph-9-b"><num>(b)</num><content>make transitory or transitional provision or savings;</content></level><level class="para1" eId="schedule-4-paragraph-9-c"><num>(c)</num><content>make different provision for different purposes;</content></level><level class="para1" eId="schedule-4-paragraph-9-d"><num>(d)</num><content>make provision subject to exceptions.</content></level></paragraph></hcontainer>

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" name="crossheading" ukl:Name="Pblock" eId="schedule-4-part-2-crossheading-modification-of-a-transfer-scheme"><heading>Modification of a transfer scheme</heading><paragraph eId="schedule-4-paragraph-10" class="schProv1"><num>10</num><content>Subject to paragraph 11, the Secretary of State may, with the consent of the FCA, modify a transfer scheme.</content></paragraph><paragraph eId="schedule-4-paragraph-11" class="schProv1"><num>11</num><content>A modification relating to a transfer that has taken effect may be made only with the agreement of the person (or persons) affected by the modification.</content></paragraph><paragraph eId="schedule-4-paragraph-12" class="schProv1"><num>12</num><content>A modification takes effect from such date as the Secretary of State may specify, and that date may be the date when the original scheme came into effect.</content></paragraph></hcontainer>

<part xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="schedule-4-part-3"><num>PART 3</num><heading>TRANSFER OF PROPERTY AND STAFF FROM THE OLC TO THE FOS</heading><hcontainer name="crossheading" ukl:Name="Pblock" eId="schedule-4-part-3-crossheading-power-of-olc-to-make-transfer-schemes"><heading>Power of OLC to make transfer schemes</heading><paragraph eId="schedule-4-paragraph-13" class="schProv1"><num>13</num><content>The OLC may make one or more schemes for the transfer of property, rights and liabilities of the OLC to the FOS.</content></paragraph><paragraph eId="schedule-4-paragraph-14" class="schProv1"><num>14</num><content>A scheme made under paragraph 13 is not to be capable of coming into force unless it is approved by the Treasury and the Lord Chancellor.</content></paragraph><paragraph eId="schedule-4-paragraph-15" class="schProv1"><num>15</num><content>The OLC may not submit a scheme to the Treasury or the Lord Chancellor for approval under paragraph 14 without the consent of the FOS and the FCA.</content></paragraph></hcontainer><hcontainer name="crossheading" ukl:Name="Pblock" eId="schedule-4-part-3-crossheading-power-of-lord-chancellor-to-make-transfer-schemes"><heading>Power of Lord Chancellor to make transfer schemes</heading><paragraph eId="schedule-4-paragraph-16" class="schProv1"><num>16</num><content>Paragraph 17 applies if the OLC fails to make a scheme under paragraph 13 in circumstances where the Lord Chancellor considers that it is necessary for such a scheme to be made.</content></paragraph><paragraph eId="schedule-4-paragraph-17" class="schProv1"><num>17</num><content>The Lord Chancellor may, with the approval of the Treasury, the OLC, the FOS and the FCA, make a scheme for the transfer of property, rights and liabilities of the OLC to the FOS.</content></paragraph></hcontainer><hcontainer name="crossheading" ukl:Name="Pblock" eId="schedule-4-part-3-crossheading-provision-of-information-and-assistance-by-olc"><heading>Provision of information and assistance by OLC</heading><paragraph eId="schedule-4-paragraph-18" class="schProv1"><num>18</num><content>The OLC must provide the Treasury and the Lord Chancellor with all such information and other assistance as either of them may reasonably require for the purposes of, or otherwise in connection with, the exercise of their powers under this Part of this Schedule.</content></paragraph><paragraph eId="schedule-4-paragraph-19" class="schProv1"><num>19</num><content>Paragraph 18 is subject to any express restriction on disclosure imposed by the data protection legislation (ignoring any restriction which allows disclosure if authorised by an enactment).</content></paragraph></hcontainer><hcontainer name="crossheading" ukl:Name="Pblock" eId="schedule-4-part-3-crossheading-transfer-of-property-rights-and-liabilities"><heading>Transfer of property, rights and liabilities</heading><paragraph eId="schedule-4-paragraph-20" class="schProv1"><num>20</num><content>The following provisions of this Part of this Schedule apply in relation to schemes under paragraph 13 or 17 (“transfer schemes”).</content></paragraph><paragraph eId="schedule-4-paragraph-21" class="schProv1"><num>21</num><content>The property, rights and liabilities which are the subject of a transfer scheme are transferred in accordance with the provisions of the scheme on such day as the scheme may specify.</content></paragraph><paragraph eId="schedule-4-paragraph-22" class="schProv1"><num>22</num><intro>The property, rights and liabilities that may be the subject of a transfer scheme include—</intro><level class="para1" eId="schedule-4-paragraph-22-a"><num>(a)</num><content>any that would not otherwise be capable of being transferred or assigned, and</content></level><level class="para1" eId="schedule-4-paragraph-22-b"><num>(b)</num><content>rights and liabilities under a contract of employment.</content></level></paragraph></hcontainer><hcontainer name="crossheading" ukl:Name="Pblock" eId="schedule-4-part-3-crossheading-contents-of-a-transfer-scheme"><heading>Contents of a transfer scheme</heading><paragraph eId="schedule-4-paragraph-23" class="schProv1"><num>23</num><subparagraph eId="schedule-4-paragraph-23-1"><num>(1)</num><intro>A transfer scheme may—</intro><level class="para1" eId="schedule-4-paragraph-23-1-a"><num>(a)</num><content>provide for anything done before the transfer by or in relation to the OLC in connection with any property, rights or liabilities transferred by the scheme to be treated as having been done by or in relation to the FOS;</content></level><level class="para1" eId="schedule-4-paragraph-23-1-b"><num>(b)</num><content>contain provision for the payment by the FOS of compensation to the OLC or the Regulator for costs incurred (before or after the transfer) in connection with the transfer or the exercise of functions in relation to claims management services;</content></level><level class="para1" eId="schedule-4-paragraph-23-1-c"><num>(c)</num><content>contain provision for the payment of compensation by the FOS to any person whose interests are adversely affected by the transfer scheme;</content></level><level class="para1" eId="schedule-4-paragraph-23-1-d"><num>(d)</num><content>make provision that is the same as or similar to provision made by the Transfer of Undertakings (Protection of Employment) Regulations 2006 (<abbr class="acronym" title="Statutory Instrument">S.I.</abbr> 2006/246), if those Regulations do not apply to the transfer.</content></level></subparagraph><subparagraph eId="schedule-4-paragraph-23-2"><num>(2)</num><content>An obligation of the FOS to make a compensation payment or to meet a liability transferred under provision in a transfer scheme is to be treated for the purposes of section 234 of the Financial Services and Markets Act 2000 (industry funding) as a cost of its operation in relation to the compulsory jurisdiction.</content></subparagraph></paragraph></hcontainer><hcontainer name="crossheading" ukl:Name="Pblock" eId="schedule-4-part-3-crossheading-supplementary"><heading>Supplementary</heading><paragraph eId="schedule-4-paragraph-24" class="schProv1"><num>24</num><intro>A transfer scheme may—</intro><level class="para1" eId="schedule-4-paragraph-24-a"><num>(a)</num><content>contain supplementary, incidental and consequential provision;</content></level><level class="para1" eId="schedule-4-paragraph-24-b"><num>(b)</num><content>make transitory or transitional provision or savings;</content></level><level class="para1" eId="schedule-4-paragraph-24-c"><num>(c)</num><content>make different provision for different purposes;</content></level><level class="para1" eId="schedule-4-paragraph-24-d"><num>(d)</num><content>make provision subject to exceptions.</content></level></paragraph></hcontainer><hcontainer name="crossheading" ukl:Name="Pblock" eId="schedule-4-part-3-crossheading-modification-of-a-transfer-scheme"><heading>Modification of a transfer scheme</heading><paragraph eId="schedule-4-paragraph-25" class="schProv1"><num>25</num><content>Subject to paragraphs 26 to 28, the OLC may modify a transfer scheme.</content></paragraph><paragraph eId="schedule-4-paragraph-26" class="schProv1"><num>26</num><content>A modification relating to a transfer that has taken effect may be made only with the agreement of the person (or persons) affected by the modification.</content></paragraph><paragraph eId="schedule-4-paragraph-27" class="schProv1"><num>27</num><content>A modification is not to be capable of coming into effect unless it is approved by the Treasury and the Lord Chancellor.</content></paragraph><paragraph eId="schedule-4-paragraph-28" class="schProv1"><num>28</num><content>The OLC may not submit a scheme to the Treasury or the Lord Chancellor for approval under paragraph 27 without the consent of the FOS and the FCA.</content></paragraph><paragraph eId="schedule-4-paragraph-29" class="schProv1"><num>29</num><content>A modification takes effect from such date as the OLC may specify, and that date may be the date when the original scheme came into effect.</content></paragraph></hcontainer></part>

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" name="crossheading" ukl:Name="Pblock" eId="schedule-4-part-3-crossheading-power-of-olc-to-make-transfer-schemes"><heading>Power of OLC to make transfer schemes</heading><paragraph eId="schedule-4-paragraph-13" class="schProv1"><num>13</num><content>The OLC may make one or more schemes for the transfer of property, rights and liabilities of the OLC to the FOS.</content></paragraph><paragraph eId="schedule-4-paragraph-14" class="schProv1"><num>14</num><content>A scheme made under paragraph 13 is not to be capable of coming into force unless it is approved by the Treasury and the Lord Chancellor.</content></paragraph><paragraph eId="schedule-4-paragraph-15" class="schProv1"><num>15</num><content>The OLC may not submit a scheme to the Treasury or the Lord Chancellor for approval under paragraph 14 without the consent of the FOS and the FCA.</content></paragraph></hcontainer>

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" name="crossheading" ukl:Name="Pblock" eId="schedule-4-part-3-crossheading-power-of-lord-chancellor-to-make-transfer-schemes"><heading>Power of Lord Chancellor to make transfer schemes</heading><paragraph eId="schedule-4-paragraph-16" class="schProv1"><num>16</num><content>Paragraph 17 applies if the OLC fails to make a scheme under paragraph 13 in circumstances where the Lord Chancellor considers that it is necessary for such a scheme to be made.</content></paragraph><paragraph eId="schedule-4-paragraph-17" class="schProv1"><num>17</num><content>The Lord Chancellor may, with the approval of the Treasury, the OLC, the FOS and the FCA, make a scheme for the transfer of property, rights and liabilities of the OLC to the FOS.</content></paragraph></hcontainer>

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" name="crossheading" ukl:Name="Pblock" eId="schedule-4-part-3-crossheading-provision-of-information-and-assistance-by-olc"><heading>Provision of information and assistance by OLC</heading><paragraph eId="schedule-4-paragraph-18" class="schProv1"><num>18</num><content>The OLC must provide the Treasury and the Lord Chancellor with all such information and other assistance as either of them may reasonably require for the purposes of, or otherwise in connection with, the exercise of their powers under this Part of this Schedule.</content></paragraph><paragraph eId="schedule-4-paragraph-19" class="schProv1"><num>19</num><content>Paragraph 18 is subject to any express restriction on disclosure imposed by the data protection legislation (ignoring any restriction which allows disclosure if authorised by an enactment).</content></paragraph></hcontainer>

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" name="crossheading" ukl:Name="Pblock" eId="schedule-4-part-3-crossheading-transfer-of-property-rights-and-liabilities"><heading>Transfer of property, rights and liabilities</heading><paragraph eId="schedule-4-paragraph-20" class="schProv1"><num>20</num><content>The following provisions of this Part of this Schedule apply in relation to schemes under paragraph 13 or 17 (“transfer schemes”).</content></paragraph><paragraph eId="schedule-4-paragraph-21" class="schProv1"><num>21</num><content>The property, rights and liabilities which are the subject of a transfer scheme are transferred in accordance with the provisions of the scheme on such day as the scheme may specify.</content></paragraph><paragraph eId="schedule-4-paragraph-22" class="schProv1"><num>22</num><intro>The property, rights and liabilities that may be the subject of a transfer scheme include—</intro><level class="para1" eId="schedule-4-paragraph-22-a"><num>(a)</num><content>any that would not otherwise be capable of being transferred or assigned, and</content></level><level class="para1" eId="schedule-4-paragraph-22-b"><num>(b)</num><content>rights and liabilities under a contract of employment.</content></level></paragraph></hcontainer>

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" name="crossheading" ukl:Name="Pblock" eId="schedule-4-part-3-crossheading-contents-of-a-transfer-scheme"><heading>Contents of a transfer scheme</heading><paragraph eId="schedule-4-paragraph-23" class="schProv1"><num>23</num><subparagraph eId="schedule-4-paragraph-23-1"><num>(1)</num><intro>A transfer scheme may—</intro><level class="para1" eId="schedule-4-paragraph-23-1-a"><num>(a)</num><content>provide for anything done before the transfer by or in relation to the OLC in connection with any property, rights or liabilities transferred by the scheme to be treated as having been done by or in relation to the FOS;</content></level><level class="para1" eId="schedule-4-paragraph-23-1-b"><num>(b)</num><content>contain provision for the payment by the FOS of compensation to the OLC or the Regulator for costs incurred (before or after the transfer) in connection with the transfer or the exercise of functions in relation to claims management services;</content></level><level class="para1" eId="schedule-4-paragraph-23-1-c"><num>(c)</num><content>contain provision for the payment of compensation by the FOS to any person whose interests are adversely affected by the transfer scheme;</content></level><level class="para1" eId="schedule-4-paragraph-23-1-d"><num>(d)</num><content>make provision that is the same as or similar to provision made by the Transfer of Undertakings (Protection of Employment) Regulations 2006 (<abbr class="acronym" title="Statutory Instrument">S.I.</abbr> 2006/246), if those Regulations do not apply to the transfer.</content></level></subparagraph><subparagraph eId="schedule-4-paragraph-23-2"><num>(2)</num><content>An obligation of the FOS to make a compensation payment or to meet a liability transferred under provision in a transfer scheme is to be treated for the purposes of section 234 of the Financial Services and Markets Act 2000 (industry funding) as a cost of its operation in relation to the compulsory jurisdiction.</content></subparagraph></paragraph></hcontainer>

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" name="crossheading" ukl:Name="Pblock" eId="schedule-4-part-3-crossheading-supplementary"><heading>Supplementary</heading><paragraph eId="schedule-4-paragraph-24" class="schProv1"><num>24</num><intro>A transfer scheme may—</intro><level class="para1" eId="schedule-4-paragraph-24-a"><num>(a)</num><content>contain supplementary, incidental and consequential provision;</content></level><level class="para1" eId="schedule-4-paragraph-24-b"><num>(b)</num><content>make transitory or transitional provision or savings;</content></level><level class="para1" eId="schedule-4-paragraph-24-c"><num>(c)</num><content>make different provision for different purposes;</content></level><level class="para1" eId="schedule-4-paragraph-24-d"><num>(d)</num><content>make provision subject to exceptions.</content></level></paragraph></hcontainer>

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" name="crossheading" ukl:Name="Pblock" eId="schedule-4-part-3-crossheading-modification-of-a-transfer-scheme"><heading>Modification of a transfer scheme</heading><paragraph eId="schedule-4-paragraph-25" class="schProv1"><num>25</num><content>Subject to paragraphs 26 to 28, the OLC may modify a transfer scheme.</content></paragraph><paragraph eId="schedule-4-paragraph-26" class="schProv1"><num>26</num><content>A modification relating to a transfer that has taken effect may be made only with the agreement of the person (or persons) affected by the modification.</content></paragraph><paragraph eId="schedule-4-paragraph-27" class="schProv1"><num>27</num><content>A modification is not to be capable of coming into effect unless it is approved by the Treasury and the Lord Chancellor.</content></paragraph><paragraph eId="schedule-4-paragraph-28" class="schProv1"><num>28</num><content>The OLC may not submit a scheme to the Treasury or the Lord Chancellor for approval under paragraph 27 without the consent of the FOS and the FCA.</content></paragraph><paragraph eId="schedule-4-paragraph-29" class="schProv1"><num>29</num><content>A modification takes effect from such date as the OLC may specify, and that date may be the date when the original scheme came into effect.</content></paragraph></hcontainer>

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" name="crossheading" ukl:Name="Pblock" eId="schedule-5-crossheading-fca-information-gathering-powers"><heading>FCA information gathering powers</heading><paragraph eId="schedule-5-paragraph-1" class="schProv1"><num>1</num><intro>Part 11 of the Financial Services and Markets Act 2000 (information gathering and investigations) has effect as if—</intro><level class="para1" eId="schedule-5-paragraph-1-a"><num>(a)</num><content>to the extent that they relate to a notice or authorisation of the FCA, the references in section 165(1), (3) and (7)(a) to an authorised person include a reference to a person falling within paragraph 2,</content></level><level class="para1" eId="schedule-5-paragraph-1-b"><num>(b)</num><content>the reference in section 165(4)(a) to the exercise by either regulator of functions conferred on it under the Financial Services and Markets Act 2000 includes a reference to the steps taken, or to be taken, by the FCA in preparation for the conferral of functions on it by virtue of the making of an order under section 22(1B) of that Act (“a regulated claims management activity order”), and</content></level><level class="para1" eId="schedule-5-paragraph-1-c"><num>(c)</num><content>the reference in section 166(2)(a) to an authorised person includes a reference to a person falling within paragraph 3.</content></level></paragraph><paragraph eId="schedule-5-paragraph-2" class="schProv1"><num>2</num><intro>A person falls within this paragraph if the person—</intro><level class="para1" eId="schedule-5-paragraph-2-a"><num>(a)</num><content>is or at any time was authorised under section 5(1)(a) of the Compensation Act 2006 (provision of regulated claims management services), or</content></level><level class="para1" eId="schedule-5-paragraph-2-b"><num>(b)</num><content>is, or at any time was, providing services in Scotland which the person would be, or would have been, prohibited from providing in England and Wales by section 4(1) of the Compensation Act 2006 unless authorised under section 5(1)(a) of that Act.</content></level></paragraph><paragraph eId="schedule-5-paragraph-3" class="schProv1"><num>3</num><intro>A person falls within this paragraph if the person—</intro><level class="para1" eId="schedule-5-paragraph-3-a"><num>(a)</num><content>is authorised under section 5(1)(a) of the Compensation Act 2006 (provision of regulated claims management services), or</content></level><level class="para1" eId="schedule-5-paragraph-3-b"><num>(b)</num><content>is providing services in Scotland which the person would be prohibited from providing in England and Wales by section 4(1) of the Compensation Act 2006 unless authorised under section 5(1)(a) of that Act.</content></level></paragraph></hcontainer>

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" name="crossheading" ukl:Name="Pblock" eId="schedule-5-crossheading-fca-preparatory-steps"><heading>FCA preparatory steps</heading><paragraph eId="schedule-5-paragraph-4" class="schProv1"><num>4</num><content>The FCA may, before the making of a regulated claims management activity order, take such steps as the FCA considers necessary or expedient in preparation for the conferral of functions on it as a result of the making of the order.</content></paragraph></hcontainer>

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" name="crossheading" ukl:Name="Pblock" eId="schedule-5-crossheading-consultation-requirements"><heading>Consultation requirements</heading><paragraph eId="schedule-5-paragraph-5" class="schProv1"><num>5</num><intro>Paragraphs 6 and 7 apply in connection with the making or issuing of any rules or other instrument or document relating to an activity—</intro><level class="para1" eId="schedule-5-paragraph-5-a"><num>(a)</num><content>of a kind specified in a regulated claims management activity order, or</content></level><level class="para1" eId="schedule-5-paragraph-5-b"><num>(b)</num><content>of a kind specified in an order under section 21(10B) of the Financial Services and Markets Act 2000.</content></level></paragraph><paragraph eId="schedule-5-paragraph-6" class="schProv1"><num>6</num><intro>Any requirement imposed on the FCA—</intro><level class="para1" eId="schedule-5-paragraph-6-a"><num>(a)</num><content>to publish a draft of the rules or other instrument or document and invite representations about it, or</content></level><level class="para1" eId="schedule-5-paragraph-6-b"><num>(b)</num><content>to consult particular persons,</content></level><wrapUp>may be satisfied by things done by the FCA before the coming into effect of the order or the passing of this Act.</wrapUp></paragraph><paragraph eId="schedule-5-paragraph-7" class="schProv1"><num>7</num><content>Section 138I of the Financial Services and Markets Act 2000 (consultation by the FCA) does not apply in relation to rules which make provision similar to any provision in or made under Part 2 of the Compensation Act 2006.</content></paragraph></hcontainer>

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" name="crossheading" ukl:Name="Pblock" eId="schedule-5-crossheading-designation-of-regulators-rules"><heading>Designation of Regulator's rules</heading><paragraph eId="schedule-5-paragraph-8" class="schProv1"><num>8</num><intro>After the making of a regulated claims management activity order, rules which—</intro><level class="para1" eId="schedule-5-paragraph-8-a"><num>(a)</num><content>were made by the Regulator by virtue of provision in or under Part 2 of the Compensation Act 2006, and</content></level><level class="para1" eId="schedule-5-paragraph-8-b"><num>(b)</num><content>are designated by the FCA,</content></level><wrapUp>are to be treated as having been made by the FCA by virtue of comparable provision in the Financial Services and Markets Act 2000.</wrapUp></paragraph><paragraph eId="schedule-5-paragraph-9" class="schProv1"><num>9</num><content>The rules may be modified by the FCA.</content></paragraph></hcontainer>

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" name="crossheading" ukl:Name="Pblock" eId="schedule-5-crossheading-provision-of-information-by-regulator-and-olc"><heading>Provision of information by Regulator and OLC</heading><paragraph eId="schedule-5-paragraph-10" class="schProv1"><num>10</num><content>The Regulator may disclose to the FCA or the FOS any information which the Regulator considers that it is necessary or expedient to disclose to the FCA or, as the case may be, the FOS so that the FCA or the FOS can take steps in preparation for the conferral of functions on it as a result of the making of a regulated claims management activity order.</content></paragraph><paragraph eId="schedule-5-paragraph-11" class="schProv1"><num>11</num><content>Section 244 of the Enterprise Act 2002 (considerations relevant to disclosure of information) does not apply in relation to a disclosure under paragraph 10.</content></paragraph><paragraph eId="schedule-5-paragraph-12" class="schProv1"><num>12</num><content>The OLC may disclose to the FOS or the FCA any information which the OLC considers that it is necessary or expedient to disclose to the FOS or, as the case may be, the FCA so that the FOS or the FCA can take steps in preparation for the conferral of functions on it as a result of the making of a regulated claims management activity order.</content></paragraph></hcontainer>

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" name="crossheading" ukl:Name="Pblock" eId="schedule-5-crossheading-complaints-handling"><heading>Complaints handling</heading><paragraph eId="schedule-5-paragraph-13" class="schProv1"><num>13</num><intro>Where a regulated claims management activity order is made which requires the OLC to continue to deal with complaints made to it on or before a date or event identified in the order—</intro><level class="para1" eId="schedule-5-paragraph-13-a"><num>(a)</num><content>the FCA is to reimburse the OLC for the cost it incurs in doing so, and</content></level><level class="para1" eId="schedule-5-paragraph-13-b"><num>(b)</num><content>this reimbursement obligation is to be treated for the purposes of paragraph 23 of Schedule 1ZA to the Financial Services and Markets Act 2000 (fees) as a qualifying function conferred on the FCA under that Act.</content></level></paragraph></hcontainer>

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" name="crossheading" ukl:Name="Pblock" eId="schedule-5-crossheading-interpretation"><heading>Interpretation</heading><paragraph eId="schedule-5-paragraph-14" class="schProv1"><num>14</num><intro>In this Schedule—</intro><hcontainer name="definition"><content>“<term refersTo="#term-the-fca" eId="term-the-fca">the FCA</term>” means the Financial Conduct Authority;</content></hcontainer><hcontainer name="definition"><content>“<term refersTo="#term-the-fos" eId="term-the-fos">the FOS</term>” means the body corporate which administers the ombudsman scheme provided for in Part 16 of the Financial Services and Markets Act 2000 (see section 225 of that Act);</content></hcontainer><hcontainer name="definition"><content>“<term refersTo="#term-the-olc" eId="term-the-olc">the OLC</term>” means the Office for Legal Complaints established by section 114 of the Legal Services Act 2007;</content></hcontainer><hcontainer name="definition"><content>“<term refersTo="#term-the-regulator" eId="term-the-regulator">the Regulator</term>” means the person designated under section 5(1) of the Compensation Act 2006 or, if no person is so designated, the Secretary of State;</content></hcontainer><hcontainer name="definition"><content>“<term refersTo="#term-regulated-claims-management-activity-order" eId="term-regulated-claims-management-activity-order">regulated claims management activity order</term>” has the meaning given in paragraph 1(b).</content></hcontainer></paragraph></hcontainer>

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="definition"><intro>“the devolved authorities” means—</intro><level class="para1"><num>(a)</num><content>the Scottish Ministers,</content></level><level class="para1"><num>(b)</num><content>the Welsh Ministers, and</content></level><level class="para1"><num>(c)</num><content>the Department for Communities in Northern Ireland;</content></level></hcontainer>

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="definition"><content>“<term refersTo="#term-sfgb-delivery-partner" eId="term-sfgb-delivery-partner">SFGB delivery partner</term>” means a person with whom arrangements are made under section 5(1), (2) or (3).</content></hcontainer>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1"><num>(a)</num><content>a person qualified to practise as a solicitor in accordance with section 4 of the Solicitors (Scotland) Act 1980;</content></level>

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" name="definition"><content>“<term refersTo="#term-the-strategic-function" eId="term-the-strategic-function">the strategic function</term>” has the meaning given in section 3(9).</content></hcontainer>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-26-2"><num>(2)</num><content>In this Part, other than in section 1(7)(a) and paragraph 1(1) of Schedule 2, references to the Secretary of State are to be read as references to the Secretary of State or the Treasury.</content></subsection>

<part xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:xhtml="http://www.w3.org/1999/xhtml" eId="part-2"><num>PART 2</num><heading>Claims Management Services</heading><hcontainer name="crossheading" ukl:Name="Pblock" eId="part-2-crossheading-transfer-of-regulation-of-claims-management-services-to-fca"><heading>Transfer of regulation of claims management services to FCA</heading><section eId="section-27"><num>27</num><heading>Transfer to FCA of regulation of claims management services</heading><subsection eId="section-27-1"><num>(1)</num><content>The Financial Services and Markets Act 2000 is amended as follows.</content></subsection><subsection eId="section-27-2"><num>(2)</num><intro>In section 1H (interpretation provisions for FCA's objectives)—</intro><level class="para1" eId="section-27-2-a"><num>(a)</num><content><mod>in subsection (2), at the end of paragraph (c) insert <quotedText>“ or to engage in claims management activity ”</quotedText>, and</mod></content></level><level class="para1" eId="section-27-2-b"><num>(b)</num><content><mod>in subsection (8), at the appropriate place insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="default">“<term refersTo="#term-engage-in-claims-management-activity">engage in claims management activity</term>” has the meaning given in section 21;</quotedStructure><inline name="appendText">.</inline></mod></content></level></subsection><subsection eId="section-27-3"><num>(3)</num><intro>In section 21 (restrictions on financial promotion)—</intro><level class="para1" eId="section-27-3-a"><num>(a)</num><intro>in subsection (1)—</intro><level class="para2" eId="section-27-3-a-i"><num>(i)</num><content>the words from “to engage” to the end become paragraph (a), and</content></level><level class="para2" eId="section-27-3-a-ii"><num>(ii)</num><content><mod>at the end of that paragraph insert<quotedText startQuote="“">, or </quotedText><quotedStructure endQuote="”" uk:context="unknown" uk:docName="unknown" ukl:TargetClass="unknown" ukl:TargetSubClass="unknown" ukl:Context="unknown" ukl:Format="default"><level class="para1"><num>(b)</num><content>to engage in claims management activity.</content></level></quotedStructure><inline name="appendText">,</inline></mod></content></level></level><level class="para1" eId="section-27-3-b"><num>(b)</num><content><mod>after subsection (10) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="default"><subsection><num>(10A)</num><content>“<term refersTo="#term-engaging-in-claims-management-activity">Engaging in claims management activity</term>” means entering into or offering to enter into an agreement the making or performance of which by either party constitutes a controlled claims management activity.</content></subsection><subsection><num>(10B)</num><intro>An activity is a “controlled claims management activity” if—</intro><level class="para1"><num>(a)</num><content>it is an activity of a specified kind,</content></level><level class="para1"><num>(b)</num><content>it is, or relates to, claims management services, and</content></level><level class="para1"><num>(c)</num><content>it is carried on in Great Britain.</content></level></subsection></quotedStructure><inline name="appendText">, and</inline></mod></content></level><level class="para1" eId="section-27-3-c"><num>(c)</num><content><mod>after subsection (12) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="default"><subsection><num>(12A)</num><content>Paragraph 25 of Schedule 2 applies for the purposes of subsection (10B) with the references to section 22 in sub-paragraph (3) of that paragraph being read as references to subsection (10B).</content></subsection></quotedStructure></mod></content></level></subsection><subsection eId="section-27-4"><num>(4)</num><intro>In section 22 (regulated activities)—</intro><level class="para1" eId="section-27-4-a"><num>(a)</num><content><mod>after subsection (1A) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="default"><subsection><num>(1B)</num><intro>An activity is also a regulated activity for the purposes of this Act if it is an activity of a specified kind which—</intro><level class="para1"><num>(a)</num><content>is carried on by way of business in Great Britain, and</content></level><level class="para1"><num>(b)</num><content>is, or relates to, claims management services.</content></level></subsection></quotedStructure><inline name="appendText">, and</inline></mod></content></level><level class="para1" eId="section-27-4-b"><num>(b)</num><content><mod>in subsection (3) for “subsection (1) or (1A)” substitute <quotedText>“ subsections (1) to (1B) ”</quotedText>.</mod></content></level></subsection><subsection eId="section-27-5"><num>(5)</num><intro>In section 137R (financial promotion rules)—</intro><level class="para1" eId="section-27-5-a"><num>(a)</num><content><mod>in subsection (1), omit the “or” at the end of paragraph (a) and after that paragraph insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="default"><level class="para1"><num>(aa)</num><content>to engage in claims management activity, or</content></level></quotedStructure><inline name="appendText">, and</inline></mod></content></level><level class="para1" eId="section-27-5-b"><num>(b)</num><content><mod>in subsection (6), for “has” substitute <quotedText>“ and “engage in claims management activity” have ”</quotedText>.</mod></content></level></subsection><subsection eId="section-27-6"><num>(6)</num><intro>In section 234C (complaints to the FCA by consumer bodies)—</intro><level class="para1" eId="section-27-6-a"><num>(a)</num><content><mod>in subsection (1), after “financial services” insert <quotedText>“ or of a market in Great Britain for claims management services ”</quotedText>, and</mod></content></level><level class="para1" eId="section-27-6-b"><num>(b)</num><intro>in subsection (5)—</intro><level class="para2" eId="section-27-6-b-i"><num>(i)</num><content><mod>in paragraph (a), at the end insert <quotedText>“ (and “<term refersTo="#term-market-in-great-britain" eId="term-market-in-great-britain">market in Great Britain</term>” is to be construed accordingly) ”</quotedText>, and</mod></content></level><level class="para2" eId="section-27-6-b-ii"><num>(ii)</num><content><mod>in paragraph (b), after “financial services” insert <quotedText>“ , or of a market in Great Britain for claims management services, ”</quotedText>.</mod></content></level></level></subsection><subsection eId="section-27-7"><num>(7)</num><intro>In section 234I (FCA's functions under Part 4 of the Enterprise Act 2002)—</intro><level class="para1" eId="section-27-7-a"><num>(a)</num><content><mod>in subsection (2)(b), after “services” insert <quotedText>“ or to the provision of claims management services in Great Britain ”</quotedText>, and</mod></content></level><level class="para1" eId="section-27-7-b"><num>(b)</num><content><mod>in subsection (6)(a), after “financial services” insert <quotedText>“ or in Great Britain of claims management services ”</quotedText>.</mod></content></level></subsection><subsection eId="section-27-8"><num>(8)</num><content><mod>In section 234J(2) (FCA's functions under the Competition Act 1998), after “financial services” insert <quotedText>“ or relate to the provision of claims management services in Great Britain ”</quotedText>.</mod></content></subsection><subsection eId="section-27-9"><num>(9)</num><content><mod>In section 234M(1) (function of keeping market under review), after “services” insert <quotedText>“ and the market in Great Britain for claims management services ”</quotedText>.</mod></content></subsection><subsection eId="section-27-10"><num>(10)</num><content><mod>In section 417(1) (definitions), at the appropriate place insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="default">“<term refersTo="#term-regulated-claims-management-activity">regulated claims management activity</term>” means activity of a kind specified in an order under section 22(1B) (regulated activities: claims management services);</quotedStructure><inline name="appendText">.</inline></mod></content></subsection><subsection eId="section-27-11"><num>(11)</num><content><mod>After section 419 insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="default"><section><num>419A</num><heading>Claims management services</heading><subsection><num>(1)</num><content>In this Act “<term refersTo="#term-claims-management-services">claims management services</term>” means advice or other services in relation to the making of a claim.</content></subsection><subsection><num>(2)</num><intro>In subsection (1) “<term refersTo="#term-other-services">other services</term>” includes—</intro><level class="para1"><num>(a)</num><content>financial services or assistance,</content></level><level class="para1"><num>(b)</num><content>legal representation,</content></level><level class="para1"><num>(c)</num><content>referring or introducing one person to another, and</content></level><level class="para1"><num>(d)</num><content>making inquiries,</content></level><wrapUp>but giving, or preparing to give, evidence (whether or not expert evidence) is not, by itself, a claims management service.</wrapUp></subsection><subsection><num>(3)</num><intro>In this section “<term refersTo="#term-claim">claim</term>” means a claim for compensation, restitution, repayment or any other remedy or relief in respect of loss or damage or in respect of an obligation, whether the claim is made or could be made—</intro><level class="para1"><num>(a)</num><content>by way of legal proceedings,</content></level><level class="para1"><num>(b)</num><content>in accordance with a scheme of regulation (whether voluntary or compulsory), or</content></level><level class="para1"><num>(c)</num><content>in pursuance of a voluntary undertaking.</content></level></subsection><subsection><num>(4)</num><content>The Treasury may by order provide that a claim for a specified benefit is to be treated as a claim for the purposes of this section.</content></subsection><subsection><num>(5)</num><content>The Treasury may specify a benefit under subsection (4) only if it appears to the Treasury to be a social security benefit, payable under the law of any part of the United Kingdom, designed to provide compensation for industrial injury.</content></subsection></section><section><num>419B</num><heading>Carrying on claims management activity in Great Britain</heading><subsection><num>(1)</num><intro>The Treasury may by order make provision as to the circumstances in which a person is, or is not, to be treated as carrying on—</intro><level class="para1"><num>(a)</num><content>a regulated claims management activity, or</content></level><level class="para1"><num>(b)</num><content>an activity of a kind specified in an order under section 21(10B),</content></level><wrapUp>in Great Britain.</wrapUp></subsection><subsection><num>(2)</num><content>Subsections (2) to (5) of section 419 apply in relation to an order under subsection (1) as they apply in relation to an order under subsection (1) of that section, but as if the references to regulated activities in subsection (2) of that section were references to regulated claims management activities or, as the case may be, to activities of a kind specified in an order under section 21(10B).</content></subsection></section></quotedStructure></mod></content></subsection><subsection eId="section-27-12"><num>(12)</num><intro>In section 429 (parliamentary control of statutory instruments)—</intro><level class="para1" eId="section-27-12-a"><num>(a)</num><content><mod>in subsection (1)(a) (orders subject to affirmative procedure), for “or 419” substitute <quotedText>“ , 419 or 419B ”</quotedText>,</mod></content></level><level class="para1" eId="section-27-12-b"><num>(b)</num><intro>in subsection (4)—</intro><level class="para2" eId="section-27-12-b-i"><num>(i)</num><content>in paragraph (e), for “or (10)” substitute, “, (10) or (10B)”,</content></level><level class="para2" eId="section-27-12-b-ii"><num>(ii)</num><content>omit the “or” at the end of paragraph (f), and</content></level><level class="para2" eId="section-27-12-b-iii"><num>(iii)</num><content><mod>after paragraph (g) insert<quotedText startQuote="“">; or </quotedText><quotedStructure endQuote="”" uk:context="unknown" uk:docName="unknown" ukl:TargetClass="unknown" ukl:TargetSubClass="unknown" ukl:Context="unknown" ukl:Format="default"><level class="para1"><num>(h)</num><content>it adds one or more activities to those that are controlled claims management activities for the purposes of section 21.</content></level></quotedStructure><inline name="appendText">, and</inline></mod></content></level></level><level class="para1" eId="section-27-12-c"><num>(c)</num><content><mod>after subsection (7) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="default"><subsection><num>(7A)</num><content>An order to which, if it is made, subsection (7B) will apply is not to be made unless a draft of the order has been laid before Parliament and approved by a resolution of each House.</content></subsection><subsection><num>(7B)</num><intro>This subsection applies to an order under section 419A(4) if—</intro><level class="para1"><num>(a)</num><content>it is the first order to be made, or to contain provisions made, under that subsection; or</content></level><level class="para1"><num>(b)</num><content>it adds one or more benefits to those that are specified benefits for the purposes of section 419A.</content></level></subsection></quotedStructure></mod></content></level></subsection><subsection eId="section-27-13"><num>(13)</num><intro>In Schedule 2 (regulated activities)—</intro><level class="para1" eId="section-27-13-a"><num>(a)</num><intro>in paragraph 25 (order making power), in sub-paragraph (1)—</intro><level class="para2" eId="section-27-13-a-i"><num>(i)</num><content><mod>in the opening words for “or (1A)” substitute <quotedText>“ to (1B) ”</quotedText>;</mod></content></level><level class="para2" eId="section-27-13-a-ii"><num>(ii)</num><content><mod>in paragraph (f) at the end insert <quotedText>“ , including provision which applies (with or without modification) provision in this Act or other primary or subordinate legislation that relates to investment activity or financial services to a regulated activity that does not relate to investment activity or financial services. ”</quotedText>, and</mod></content></level></level><level class="para1" eId="section-27-13-b"><num>(b)</num><content><mod>in paragraph 26 (parliamentary control), in sub-paragraph (1) for “or (1A)” substitute <quotedText>“ to (1B) ”</quotedText>.</mod></content></level></subsection><subsection eId="section-27-14"><num>(14)</num><content>Schedule 4 contains provision about transfer schemes where an order is made under section 22(1B) of the Financial Services and Markets Act 2000 (inserted by subsection (4)(a)).</content></subsection><subsection eId="section-27-15"><num>(15)</num><content>Schedule 5 contains transitional provision relating to this section.</content></subsection></section></hcontainer><hcontainer name="crossheading" ukl:Name="Pblock" eId="part-2-crossheading-charges-for-claims-management-services"><heading>Charges for claims management services</heading><section eId="section-28"><num>28</num><heading>Power of FCA to make rules restricting charges for claims management services</heading><subsection eId="section-28-1"><num>(1)</num><content>The Financial Services and Markets Act 2000 is amended as set out in subsections (2) and (3).</content></subsection><subsection eId="section-28-2"><num>(2)</num><content><mod>After section 137FC (inserted by section 20) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="default"><section><num>137FD</num><heading>FCA general rules: charges for claims management services</heading><subsection><num>(1)</num><intro>The power of the FCA to make general rules includes power to make rules prohibiting authorised persons from—</intro><level class="para1"><num>(a)</num><content>entering into a specified regulated claims management agreement that provides for the payment by a person of charges which, taken with charges payable under an agreement treated by the rules as being connected with the regulated claims management agreement (if any), are specified charges, and</content></level><level class="para1"><num>(b)</num><content>imposing specified charges on a person in connection with the provision of a service which is, or which is provided in connection with, a specified regulated claims management activity.</content></level></subsection><subsection><num>(2)</num><content>The FCA must make rules by virtue of subsection (1) in relation to all regulated claims management agreements, and all regulated claims management activities, which concern claims in relation to financial products or services.</content></subsection><subsection><num>(3)</num><content>The rules must be made with a view to securing an appropriate degree of protection against excessive charges for the provision of a service which is, or which is provided in connection with, a regulated claims management activity.</content></subsection><subsection><num>(4)</num><content>The rules may specify charges by reference to charges of a specified class or description, or by reference to charges which exceed, or are capable of exceeding, a specified amount.</content></subsection><subsection><num>(5)</num><intro>In relation to an agreement entered into, or charge imposed, in contravention of the rules, the rules may (amongst other things)—</intro><level class="para1"><num>(a)</num><content>provide for the agreement, or obligation to pay the charge, to be unenforceable or unenforceable to a specified extent;</content></level><level class="para1"><num>(b)</num><content>provide for the recovery of amounts paid under the agreement or obligation;</content></level><level class="para1"><num>(c)</num><content>provide for the payment of compensation for any losses incurred as a result of paying amounts under the agreement or obligation.</content></level></subsection><subsection><num>(6)</num><content>The provision that may be made under subsection (5) includes provision corresponding to that made by section 30 (enforceability of agreements resulting from unlawful communications).</content></subsection><subsection><num>(7)</num><intro>In this section—</intro><level class="para1"><num>(a)</num><content>“<term refersTo="#term-regulated-claims-management-agreement">regulated claims management agreement</term>” means an agreement, the entering into or performing of which by either party is a regulated claims management activity, and</content></level><level class="para1"><num>(b)</num><content>“<term refersTo="#term-specified">specified</term>” means specified in the rules, but “<term refersTo="#term-specified-amount">specified amount</term>” means an amount specified in or determined in accordance with the rules.</content></level></subsection></section></quotedStructure></mod></content></subsection><subsection eId="section-28-3"><num>(3)</num><intro>In section 138E(3) (contravention of rules which may make transaction void or unenforceable)—</intro><level class="para1" eId="section-28-3-a"><num>(a)</num><content>omit the “or” at the end of paragraph (b), and</content></level><level class="para1" eId="section-28-3-b"><num>(b)</num><content><mod>at the end of paragraph (c) insert<quotedText startQuote="“">or </quotedText><quotedStructure endQuote="”" uk:context="unknown" uk:docName="unknown" ukl:TargetClass="unknown" ukl:TargetSubClass="unknown" ukl:Context="unknown" ukl:Format="default"><level class="para1"><num>(d)</num><content>rules made by the FCA under section 137FD.</content></level></quotedStructure></mod></content></level></subsection></section><section eId="section-29"><num>29</num><heading>PPI claims and charges for claims management services: general</heading><subsection eId="section-29-1"><num>(1)</num><content>This section and sections 30 to 32 make provision for a fee cap to apply in certain circumstances to charges for regulated services provided in connection with a PPI claim.</content></subsection><subsection eId="section-29-2"><num>(2)</num><content>The following provisions explain terms used in those sections.</content></subsection><subsection eId="section-29-3"><num>(3)</num><content>The fee cap applicable to the amount charged for regulated services provided in connection with a PPI claim is 20% of the amount recovered for the claimant in satisfaction of the claim.Accordingly, where nothing is recovered (whether or not a claim has been made or concluded) the fee cap is zero.</content></subsection><subsection eId="section-29-4"><num>(4)</num><intro>But the charging of a reasonable amount for work done for the claimant is not to be regarded as exceeding the fee cap for a PPI claim if—</intro><level class="para1" eId="section-29-4-a"><num>(a)</num><content>the amount is charged for regulated services provided in connection with the claim,</content></level><level class="para1" eId="section-29-4-b"><num>(b)</num><content>no other amount is charged for those services,</content></level><level class="para1" eId="section-29-4-c"><num>(c)</num><content>the claimant has terminated the agreement governing the provision of such services (whether before or after the making of a claim), and</content></level><level class="para1" eId="section-29-4-d"><num>(d)</num><content>the termination was not achieved by the cancellation of the agreement during a cooling off period available to the claimant by right (whether conferred by the agreement or otherwise).</content></level></subsection><subsection eId="section-29-5"><num>(5)</num><content>References to a claim are to a claim (however described) seeking compensation, restitution, repayment or any other financial remedy or relief, whether or not the claim is made or could be made by way of legal proceedings.</content></subsection><subsection eId="section-29-6"><num>(6)</num><content>References to the amount charged for regulated services provided in connection with a PPI claim are references to a sum comprising all amounts charged for such services in connection with the claim (whether or not charged under a single agreement), exclusive of VAT.</content></subsection><subsection eId="section-29-7"><num>(7)</num><intro>References to the amount recovered for the claimant, in relation to a PPI claim, include a reference to any amount which (instead of being paid to or to the order of the claimant)—</intro><level class="para1" eId="section-29-7-a"><num>(a)</num><content>is set off against a debt due from the claimant to the person against whom the claim is made, or</content></level><level class="para1" eId="section-29-7-b"><num>(b)</num><content>is paid to any person other than the claimant (whether a person providing regulated services in connection with the claim or any other person) with a view to discharging the whole or part of a debt due from the claimant.</content></level></subsection><subsection eId="section-29-8"><num>(8)</num><intro>In this section references to regulated services are—</intro><level class="para1" eId="section-29-8-a"><num>(a)</num><content>so far as relevant for the purposes of section 30, to be read as referring to regulated claims management services,</content></level><level class="para1" eId="section-29-8-b"><num>(b)</num><content>so far as relevant for the purposes of section 31, to be read as referring to any service which is a regulated claims management activity, and</content></level><level class="para1" eId="section-29-8-c"><num>(c)</num><content>so far as relevant for the purposes of section 32, to be read as referring to any service which is a relevant claims management activity (within the meaning given by subsection (5) of that section).</content></level></subsection><subsection eId="section-29-9"><num>(9)</num><content>“<term refersTo="#term-ppi-claim" eId="term-ppi-claim">PPI claim</term>” means a claim relating to the selling of payment protection insurance (whether it concerns amounts paid by the policyholder or otherwise).</content></subsection><subsection eId="section-29-10"><num>(10)</num><intro>“Regulated claims management services”—</intro><level class="para1" eId="section-29-10-a"><num>(a)</num><content>does not include any reserved legal activities of the kind mentioned in section 12(1)(a) or (b) of the Legal Services Act 2007 (exercise of a right of audience or the conduct of litigation), but</content></level><level class="para1" eId="section-29-10-b"><num>(b)</num><content>otherwise, has the same meaning as in the Compensation Act 2006 (see section 14 of that Act).</content></level></subsection><subsection eId="section-29-11"><num>(11)</num><content>“<term refersTo="#term-regulated-claims-management-activity" eId="term-regulated-claims-management-activity">Regulated claims management activity</term>” has the same meaning as in the Financial Services and Markets Act 2000 (see the definition inserted by this Act in section 417(1) of that Act).</content></subsection><subsection eId="section-29-12"><num>(12)</num><content>“<term refersTo="#term-section-221b-specified-activity-provisions" eId="term-section-221b-specified-activity-provisions">Section 22(1B) specified activity provisions</term>” means provisions of an order made under section 22(1B) of the Financial Services and Markets Act 2000 (as inserted by this Act) which specify a kind of activity as a regulated activity within the meaning of that Act.</content></subsection><subsection eId="section-29-13"><num>(13)</num><content>“<term refersTo="#term-the-fca" eId="term-the-fca">The FCA</term>” means the Financial Conduct Authority.</content></subsection></section><section eId="section-30"><num>30</num><heading>PPI claims: interim restriction on charges before transfer of regulation to FCA</heading><subsection eId="section-30-1"><num>(1)</num><intro>A regulated person —</intro><level class="para1" eId="section-30-1-a"><num>(a)</num><content>must not charge a claimant, for regulated claims management services provided in connection with the claimant's PPI claim, an amount which exceeds the fee cap for the claim, and</content></level><level class="para1" eId="section-30-1-b"><num>(b)</num><content>must not enter into an agreement that provides for the payment by a claimant, for regulated claims management services provided in connection with the claimant's PPI claim, of charges which would breach, or are capable of breaching, the prohibition in paragraph (a).</content></level></subsection><subsection eId="section-30-2"><num>(2)</num><intro>A breach of either of those prohibitions is not actionable as a breach of statutory duty; but—</intro><level class="para1" eId="section-30-2-a"><num>(a)</num><content>any payment in excess of the fee cap for a PPI claim is recoverable by the claimant, and</content></level><level class="para1" eId="section-30-2-b"><num>(b)</num><content>any agreement entered into in breach of subsection (1)(b) is not enforceable to the extent it provides for a payment that breaches or is capable of breaching the prohibition in subsection (1)(a).</content></level></subsection><subsection eId="section-30-3"><num>(3)</num><content>In subsection (2) “<term refersTo="#term-payment" eId="term-payment">payment</term>” means a payment of charges for regulated claims management services provided in connection with the claim.</content></subsection><subsection eId="section-30-4"><num>(4)</num><intro>A relevant regulator—</intro><level class="para1" eId="section-30-4-a"><num>(a)</num><content>must ensure that it has appropriate arrangements for monitoring and enforcing the prohibitions in subsection (1) as they apply to the regulated persons for whom it is the relevant regulator;</content></level><level class="para1" eId="section-30-4-b"><num>(b)</num><content>may make rules for the purposes of doing so (which may include provision applying, in relation to breaches of a prohibition in subsection (1), functions the relevant regulator has in relation to breaches of another restriction).</content></level></subsection><subsection eId="section-30-5"><num>(5)</num><intro>For the purposes of this section—</intro><level class="para1" eId="section-30-5-a"><num>(a)</num><intro>“<term refersTo="#term-regulated-person" eId="term-regulated-person">regulated person</term>” means—</intro><level class="para2" eId="section-30-5-a-i"><num>(i)</num><content>a person who falls within any category of regulated person specified in column 2 below, or</content></level><level class="para2" eId="section-30-5-a-ii"><num>(ii)</num><content>any person not within sub-paragraph (i) who, by virtue of article 4 of the Compensation (Exemptions) Order 2007 (<abbr class="acronym" title="Statutory Instrument">S.I.</abbr> 2007/209), is not prevented by section 4(1) of the Compensation Act 2006 from providing regulated claims management services;</content></level></level><level class="para1" eId="section-30-5-b"><num>(b)</num><content>“<term refersTo="#term-relevant-regulator" eId="term-relevant-regulator">relevant regulator</term>” means a person listed in column 1 below; and</content></level><level class="para1" eId="section-30-5-c"><num>(c)</num><content>the regulated persons for whom a person listed in column 1 below is the relevant regulator are described in the corresponding entry or entries in column 2.</content></level><wrapUp><tblock class="table" ukl:Orientation="portrait"><foreign><xhtml:table xmlns:xhtml="http://www.w3.org/1999/xhtml" xmlns="http://www.legislation.gov.uk/namespaces/legislation"><xhtml:colgroup><xhtml:col style="width:48%"/><xhtml:col style="width:52%"/></xhtml:colgroup><xhtml:tbody><xhtml:tr><xhtml:th>Relevant regulator</xhtml:th><xhtml:th>Regulated persons</xhtml:th></xhtml:tr><xhtml:tr><xhtml:td>The Regulator</xhtml:td><xhtml:td>Persons authorised to provide regulated claims management services under section 5(1)(a) of the Compensation Act 2006.</xhtml:td></xhtml:tr><xhtml:tr><xhtml:td>The General Council of the Bar</xhtml:td><xhtml:td><level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="d25e4725"><num>1</num><content>Persons who, or licensable bodies which, are authorised by the General Council to carry on a reserved legal activity.</content></level><level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="d25e4731"><num>2</num><content>European lawyers registered with the General Council under the European Communities (Lawyer's Practice) Regulations 2000 (<abbr class="acronym" title="Statutory Instrument">S.I.</abbr> 2000/1119) <ins class="first last" ukl:ChangeId="key-6f25500c0291b4c06b59ef0fc02bbf96-1637515549793" ukl:CommentaryRef="key-6f25500c0291b4c06b59ef0fc02bbf96"><noteRef uk:name="commentary" href="#key-6f25500c0291b4c06b59ef0fc02bbf96" class="commentary"/>, as they have effect by virtue of regulation 6 of the Services of Lawyers and Lawyer’s Practice (Revocation etc.) (EU Exit) Regulations 2020</ins>.</content></level></xhtml:td></xhtml:tr><xhtml:tr><xhtml:td>The Law Society of England and Wales</xhtml:td><xhtml:td><level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="d25e4747"><num>1</num><content>Persons who, or licensable bodies which, are authorised by the Law Society to carry on a reserved legal activity.</content></level><level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="d25e4753"><num>2</num><content>European lawyers registered with the Law Society under the European Communities (Lawyer's Practice) Regulations 2000 <ins class="first last" ukl:ChangeId="key-912796e1d8b1f634d1708da753e26d16-1637515671571" ukl:CommentaryRef="key-912796e1d8b1f634d1708da753e26d16"><noteRef uk:name="commentary" href="#key-912796e1d8b1f634d1708da753e26d16" class="commentary"/>, as they have effect by virtue of regulation 6 of the Services of Lawyers and Lawyer’s Practice (Revocation etc.) (EU Exit) Regulations 2020</ins>.</content></level><level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="d25e4762"><num>3</num><content>Foreign lawyers registered with the Law Society under section 89 of the Courts and Legal Services Act 1990.</content></level></xhtml:td></xhtml:tr><xhtml:tr><xhtml:td>The Chartered Institute of Legal Executives</xhtml:td><xhtml:td>Persons authorised by the Institute to carry on a reserved legal activity.</xhtml:td></xhtml:tr></xhtml:tbody></xhtml:table></foreign></tblock></wrapUp></subsection><subsection eId="section-30-6"><num>(6)</num><content>In column 1 “<term refersTo="#term-the-regulator" eId="term-the-regulator">the Regulator</term>” means the person designated under section 5(1) of the Compensation Act 2006, or, if no person is so designated, the Secretary of State.</content></subsection><subsection eId="section-30-7"><num>(7)</num><content>In column 2 “<term refersTo="#term-reserved-legal-activity" eId="term-reserved-legal-activity">reserved legal activity</term>” has the meaning given by section 12 of the Legal Services Act 2007.</content></subsection><subsection eId="section-30-8"><num>(8)</num><intro>This section applies as follows—</intro><level class="para1" eId="section-30-8-a"><num>(a)</num><content>the prohibition in subsection (1)(a) applies only to charges imposed under an agreement entered into during the first interim period, and</content></level><level class="para1" eId="section-30-8-b"><num>(b)</num><content>the prohibition in subsection (1)(b) applies only to agreements entered into during that period.</content></level></subsection><subsection eId="section-30-9"><num>(9)</num><intro>In subsection (8) “the first interim period” is the period—</intro><level class="para1" eId="section-30-9-a"><num>(a)</num><content>beginning with the day on which this section comes into force, and</content></level><level class="para1" eId="section-30-9-b"><num>(b)</num><content>ending with the day before the day on which the first section 22(1B) specified activity provisions come into force for (or for purposes which include) the purposes of the general prohibition in section 19 of the Financial Services and Markets Act 2000.</content></level></subsection></section><section eId="section-31"><num>31</num><heading>PPI claims: interim restriction on charges imposed by authorised persons after transfer of regulation to FCA</heading><subsection eId="section-31-1"><num>(1)</num><intro>The rule specified in subsection (2) is to be treated for the purposes of the Financial Services and Markets Act 2000 as if—</intro><level class="para1" eId="section-31-1-a"><num>(a)</num><content>the rule were a general rule made by the FCA under section 137A of that Act, and</content></level><level class="para1" eId="section-31-1-b"><num>(b)</num><content>this section were contained in that Act;</content></level><wrapUp>and accordingly functions conferred on the FCA by that Act which apply in relation to general rules made under section 137A apply to that rule as they apply to other general rules made under that section.</wrapUp></subsection><subsection eId="section-31-2"><num>(2)</num><intro>The rule is that an authorised person—</intro><level class="para1" eId="section-31-2-a"><num>(a)</num><content>must not charge a claimant, for a service which is a regulated claims management activity provided in connection with the claimant's PPI claim, an amount which exceeds the fee cap for the claim, and</content></level><level class="para1" eId="section-31-2-b"><num>(b)</num><content>must not enter into an agreement that provides for the payment by a claimant, for a service which is a regulated claims management activity provided in connection with the claimant's PPI claim, of charges which would breach, or are capable of breaching, the prohibition in paragraph (a).</content></level></subsection><subsection eId="section-31-3"><num>(3)</num><intro>A breach of either of those prohibitions is not actionable as a breach of statutory duty (despite section 138D(2) of the Financial Services and Markets Act 2000); but—</intro><level class="para1" eId="section-31-3-a"><num>(a)</num><content>any payment in excess of the fee cap for a PPI claim is recoverable by the claimant, and</content></level><level class="para1" eId="section-31-3-b"><num>(b)</num><content>any agreement entered into in breach of the prohibition in subsection (2)(b) is not enforceable to the extent it provides for a payment that breaches or is capable of breaching the prohibition in subsection (2)(a).</content></level></subsection><subsection eId="section-31-4"><num>(4)</num><content>In subsection (3) “<term refersTo="#term-payment" eId="term-payment">payment</term>” means a payment of charges for a service which is a regulated claims management activity provided in connection with the claim.</content></subsection><subsection eId="section-31-5"><num>(5)</num><intro>The rule in subsection (2) applies as follows—</intro><level class="para1" eId="section-31-5-a"><num>(a)</num><content>the prohibition in paragraph (a) applies only to charges imposed under an agreement which is entered into during the second interim period, and</content></level><level class="para1" eId="section-31-5-b"><num>(b)</num><content>the prohibition in paragraph (b) applies only to agreements entered into during that period.</content></level></subsection><subsection eId="section-31-6"><num>(6)</num><intro>In subsection (5) “the second interim period” is the period—</intro><level class="para1" eId="section-31-6-a"><num>(a)</num><content>beginning with the day on which the first section 22(1B) specified activity provisions come into force for (or for purposes which include) the purposes of the general prohibition in section 19 of the Financial Services and Markets Act 2000, and</content></level><level class="para1" eId="section-31-6-b"><num>(b)</num><content>ending with the day before the coming into force of the first relevant general rule made by the FCA (whether for all purposes or for any specific purpose).</content></level></subsection><subsection eId="section-31-7"><num>(7)</num><intro>In subsection (6)(b) “<term refersTo="#term-relevant-general-rule" eId="term-relevant-general-rule">relevant general rule</term>” means a general rule that—</intro><level class="para1" eId="section-31-7-a"><num>(a)</num><content>is made under subsection (1) of section 137FD of the Financial Services and Markets Act 2000 (as inserted by this Act), and</content></level><level class="para1" eId="section-31-7-b"><num>(b)</num><content>applies to, or to any description of, PPI claims (whether or not it also applies to anything else).</content></level></subsection><subsection eId="section-31-8"><num>(8)</num><content>In this section “<term refersTo="#term-authorised-person" eId="term-authorised-person">authorised person</term>” has the same meaning as in the Financial Services and Markets Act 2000 (see section 31(2) of that Act).</content></subsection></section><section eId="section-32"><num>32</num><heading>PPI claims: interim restriction on charges imposed by legal practitioners after transfer of regulation to FCA</heading><subsection eId="section-32-1"><num>(1)</num><intro>A legal practitioner—</intro><level class="para1" eId="section-32-1-a"><num>(a)</num><content>must not charge a claimant, for a service which is a relevant claims management activity provided in connection with the claimant's PPI claim, an amount which exceeds the fee cap for the claim, and</content></level><level class="para1" eId="section-32-1-b"><num>(b)</num><content>must not enter into an agreement that provides for the payment by a claimant, for a service which is a relevant claims management activity provided in connection with the claimant's PPI claim, of charges which would breach, or are capable of breaching, the prohibition in paragraph (a).</content></level></subsection><subsection eId="section-32-2"><num>(2)</num><intro>Subsections (2) to (5) and (7) of section 30 apply for the purposes of the prohibitions in subsection (1) as they apply for the purposes of the prohibitions in section 30(1) but as if—</intro><level class="para1" eId="section-32-2-a"><num>(a)</num><content>references in those subsections to “regulated claims management services” were references to “relevant claims management activity” and references to “regulated persons” were references to “legal practitioners”, and</content></level><level class="para1" eId="section-32-2-b"><num>(b)</num><content>the first entry in columns 1 and 2 of the table in subsection (5) were omitted.</content></level></subsection><subsection eId="section-32-3"><num>(3)</num><intro>Subsection (1) applies as follows—</intro><level class="para1" eId="section-32-3-a"><num>(a)</num><intro>the prohibition in subsection (1)(a) applies only to charges imposed by a legal practitioner under an agreement entered into during the period—</intro><level class="para2" eId="section-32-3-a-i"><num>(i)</num><content>beginning with the first day of the second interim period (within the meaning given by section 31(6)), and</content></level><level class="para2" eId="section-32-3-a-ii"><num>(ii)</num><content>ending with the end date for that practitioner, and</content></level></level><level class="para1" eId="section-32-3-b"><num>(b)</num><content>the prohibition in subsection (1)(b) applies only to agreements entered into by a legal practitioner during that period.</content></level></subsection><subsection eId="section-32-4"><num>(4)</num><intro>For the purposes of subsection (3), the end date is—</intro><level class="para1" eId="section-32-4-a"><num>(a)</num><content>for a legal practitioner for whom the relevant regulator is the Law Society of England and Wales, the day before the coming into force of the first rule made by the Law Society of England and Wales under section 33 that applies to, or to any description of, PPI claims, and</content></level><level class="para1" eId="section-32-4-b"><num>(b)</num><content>for any other legal practitioner, 29 April 2020.</content></level></subsection><subsection eId="section-32-5"><num>(5)</num><intro>In this section “relevant claims management activity”—</intro><level class="para1" eId="section-32-5-a"><num>(a)</num><content>does not include any reserved legal activities of the kind mentioned in section 12(1)(a) or (b) of the Legal Services Act 2007 (exercise of a right of audience or the conduct of litigation), but</content></level><level class="para1" eId="section-32-5-b"><num>(b)</num><content>otherwise, means activity of a kind specified in an order under section 22(1B) of the Financial Services and Markets Act 2000 (regulated activities: claims management services), disregarding any exemption in that order for activities carried on by, through, or at the direction of, a legal practitioner.</content></level></subsection></section><section eId="section-33"><num>33</num><heading>Legal services regulators' rules: charges for claims management services</heading><subsection eId="section-33-1"><num>(1)</num><intro>The Law Society of England and Wales, the General Council of the Bar and the Chartered Institute of Legal Executives may make rules prohibiting regulated persons from—</intro><level class="para1" eId="section-33-1-a"><num>(a)</num><content>entering into a specified relevant claims management agreement that provides for the payment by a person of specified charges, and</content></level><level class="para1" eId="section-33-1-b"><num>(b)</num><content>imposing specified charges on a person in connection with the provision of a service which is, or which is provided in connection with, a specified relevant claims management activity.</content></level></subsection><subsection eId="section-33-2"><num>(2)</num><content>The Law Society of England and Wales must exercise that power to make rules in relation to all relevant claims management agreements, and all relevant claims management activities, which concern claims in relation to financial products or services.</content></subsection><subsection eId="section-33-3"><num>(3)</num><intro>The Law Society of Scotland may make rules prohibiting regulated persons from—</intro><level class="para1" eId="section-33-3-a"><num>(a)</num><content>entering into a relevant claims management agreement concerning a claim in relation to a financial product or service that provides for the payment by a person of specified charges, and</content></level><level class="para1" eId="section-33-3-b"><num>(b)</num><content>imposing specified charges on a person in connection with the provision of a service which is, or which is provided in connection with, a relevant claims management activity concerning a claim in relation to a financial product or service.</content></level></subsection><subsection eId="section-33-4"><num>(4)</num><content>Rules under this section may make provision securing that for the purposes of the prohibition referred to in subsection (1)(a) or (3)(a) charges payable under a relevant claims management agreement are to be treated as including charges payable under an agreement treated by the rules as being connected with the relevant claims management agreement.</content></subsection><subsection eId="section-33-5"><num>(5)</num><intro>In this section “<term refersTo="#term-regulated-persons" eId="term-regulated-persons">regulated persons</term>” means—</intro><level class="para1" eId="section-33-5-a"><num>(a)</num><intro>in relation to the Law Society of England and Wales—</intro><level class="para2" eId="section-33-5-a-i"><num>(i)</num><content>persons who, or licensable bodies which, are authorised by the Law Society to carry on a reserved legal activity,</content></level><level class="para2" eId="section-33-5-a-ii"><num>(ii)</num><content>European lawyers registered with the Law Society under the European Communities (Lawyer's Practice) Regulations 2000 (<abbr class="acronym" title="Statutory Instrument">S.I.</abbr> 2000/1119) <ins class="first last" ukl:ChangeId="key-c7dfb9db6381594a1aed65b5bdd40639-1637523742543" ukl:CommentaryRef="key-c7dfb9db6381594a1aed65b5bdd40639"><noteRef uk:name="commentary" href="#key-c7dfb9db6381594a1aed65b5bdd40639" class="commentary"/>, as they have effect by virtue of regulation 6 of the Services of Lawyers and Lawyer’s Practice (Revocation etc.) (EU Exit) Regulations 2020</ins>, and</content></level><level class="para2" eId="section-33-5-a-iii"><num>(iii)</num><content>foreign lawyers registered with the Law Society under section 89 of the Courts and Legal Services Act 1990;</content></level></level><level class="para1" eId="section-33-5-b"><num>(b)</num><content>in relation to the Law Society of Scotland, Scottish legal practitioners;</content></level><level class="para1" eId="section-33-5-c"><num>(c)</num><intro>in relation to the General Council of the Bar—</intro><level class="para2" eId="section-33-5-c-i"><num>(i)</num><content>persons who, or licensable bodies which, are authorised by the General Council to carry on a reserved legal activity, and</content></level><level class="para2" eId="section-33-5-c-ii"><num>(ii)</num><content>European lawyers registered with the General Council under the European Communities (Lawyer's Practice) Regulations 2000 <ins class="first last" ukl:ChangeId="key-a93baf4d3c93c55f66a4bda3a3621b61-1637523873324" ukl:CommentaryRef="key-a93baf4d3c93c55f66a4bda3a3621b61"><noteRef uk:name="commentary" href="#key-a93baf4d3c93c55f66a4bda3a3621b61" class="commentary"/>, as they have effect by virtue of regulation 6 of the Services of Lawyers and Lawyer’s Practice (Revocation etc.) (EU Exit) Regulations 2020</ins>;</content></level></level><level class="para1" eId="section-33-5-d"><num>(d)</num><content>in relation to the Chartered Institute of Legal Executives, persons authorised by the Institute to carry on a reserved legal activity.</content></level></subsection><subsection eId="section-33-6"><num>(6)</num><content>The rules must be made with a view to securing an appropriate degree of protection against excessive charges for the provision of a service which is, or which is provided in connection with, a relevant claims management activity.</content></subsection><subsection eId="section-33-7"><num>(7)</num><content>The rules may specify charges by reference to charges of a specified class or description, or by reference to charges which exceed, or are capable of exceeding, a specified amount.</content></subsection><subsection eId="section-33-8"><num>(8)</num><intro>The rules may not specify—</intro><level class="para1" eId="section-33-8-a"><num>(a)</num><content>charges for a reserved legal activity within the meaning of the Legal Services Act 2007 (see section 12 of that Act);</content></level><level class="para1" eId="section-33-8-b"><num>(b)</num><intro>charges imposed in respect of—</intro><level class="para2" eId="section-33-8-b-i"><num>(i)</num><content>the exercise of a right of audience by a Scottish legal practitioner;</content></level><level class="para2" eId="section-33-8-b-ii"><num>(ii)</num><content>the conduct of litigation by a Scottish legal practitioner.</content></level></level></subsection><subsection eId="section-33-9"><num>(9)</num><intro>In subsection (8)(b)—</intro><hcontainer name="definition"><intro>“<term refersTo="#term-conduct-of-litigation" eId="term-conduct-of-litigation">conduct of litigation</term>” means—</intro><level class="para1"><num>(a)</num><content>the bringing of proceedings before any court in Scotland;</content></level><level class="para1"><num>(b)</num><content>the commencement, prosecution and defence of such proceedings;</content></level><level class="para1"><num>(c)</num><content>the performance of any ancillary functions in relation to such proceedings;</content></level></hcontainer><hcontainer name="definition"><content>“<term refersTo="#term-right-of-audience" eId="term-right-of-audience">right of audience</term>” means the right to appear before and address a court in Scotland, including the right to call and examine witnesses.</content></hcontainer></subsection><subsection eId="section-33-10"><num>(10)</num><intro>In relation to an agreement entered into, or charge imposed, in contravention of the rules, the rules may (amongst other things)—</intro><level class="para1" eId="section-33-10-a"><num>(a)</num><content>provide for the agreement, or obligation to pay the charge, to be unenforceable or unenforceable to a specified extent;</content></level><level class="para1" eId="section-33-10-b"><num>(b)</num><content>provide for the recovery of amounts paid under the agreement or obligation;</content></level><level class="para1" eId="section-33-10-c"><num>(c)</num><content>provide for the payment of compensation for any losses incurred as a result of paying amounts under the agreement or obligation.</content></level></subsection><subsection eId="section-33-11"><num>(11)</num><intro>For the purposes of this section—</intro><hcontainer name="definition"><content>“<term refersTo="#term-relevant-claims-management-activity" eId="term-relevant-claims-management-activity">relevant claims management activity</term>” means activity of a kind specified in an order under section 22(1B) of the Financial Services and Markets Act 2000 (regulated activities: claims management services), disregarding any exemption in that order for activities carried on by, through, or at the direction of, a legal practitioner;</content></hcontainer><hcontainer name="definition"><content>“<term refersTo="#term-relevant-claims-management-agreement" eId="term-relevant-claims-management-agreement">relevant claims management agreement</term>” means an agreement, the entering into or performance of which by either party is a relevant claims management activity;</content></hcontainer><hcontainer name="definition"><intro>“<term refersTo="#term-scottish-legal-practitioner" eId="term-scottish-legal-practitioner">Scottish legal practitioner</term>” means—</intro><level class="para1"><num>(a)</num><content>a person qualified to practise as a solicitor in accordance with section 4 of the Solicitors (Scotland) Act 1980;</content></level><level class="para1"><num>(b)</num><content>European lawyers registered with the Law Society of Scotland under the European Communities (Lawyer's Practice) (Scotland) Regulations 2000 (<abbr class="acronym" title="Scottish Statutory Instrument">S.S.I.</abbr> 2000/121);</content></level><level class="para1"><num>(c)</num><content>foreign lawyers registered with the Law Society of Scotland under section 60A of the Solicitors (Scotland) Act 1980;</content></level><level class="para1"><num>(d)</num><content>an incorporated practice within the meaning given by section 34(1A)(c) of the Solicitors (Scotland) Act 1980;</content></level><level class="para1"><num>(e)</num><content>a licensed legal services provider within the meaning of Part 2 of the Legal Services (Scotland) Act 2010 (see section 47 of that Act) that provides, or offers to provide, legal services under a licence issued by the Law Society of Scotland;</content></level></hcontainer><hcontainer name="definition"><content>“<term refersTo="#term-specified" eId="term-specified">specified</term>” means specified in the rules, but “<term refersTo="#term-specified-amount" eId="term-specified-amount">specified amount</term>” means an amount specified in or determined in accordance with the rules.</content></hcontainer></subsection><subsection eId="section-33-12"><num>(12)</num><content>This section does not limit any power of the Law Society of England and Wales, the Law Society of Scotland, the General Council of the Bar or the Chartered Institute of Legal Executives existing apart from this section to make rules.</content></subsection></section><section eId="section-34"><num>34</num><heading>Extension of power of the Law Society of Scotland to make rules</heading><subsection eId="section-34-1"><num>(1)</num><intro>The Treasury may by regulations amend section 33 for the purpose of extending the power in subsection (3) of that section so as to apply to—</intro><level class="para1" eId="section-34-1-a"><num>(a)</num><content>all relevant claims management agreements;</content></level><level class="para1" eId="section-34-1-b"><num>(b)</num><content>all relevant claims management activity;</content></level><level class="para1" eId="section-34-1-c"><num>(c)</num><content>any description of relevant claims management agreement;</content></level><level class="para1" eId="section-34-1-d"><num>(d)</num><content>any description of relevant claims management activity.</content></level></subsection><subsection eId="section-34-2"><num>(2)</num><content>The Treasury must obtain the consent of the Scottish Ministers before making regulations under subsection (1).</content></subsection><subsection eId="section-34-3"><num>(3)</num><intro>Regulations under this section—</intro><level class="para1" eId="section-34-3-a"><num>(a)</num><content>are to be made by statutory instrument;</content></level><level class="para1" eId="section-34-3-b"><num>(b)</num><content>may make incidental, supplemental or consequential provision.</content></level></subsection><subsection eId="section-34-4"><num>(4)</num><content>A statutory instrument containing regulations under this section may not be made unless a draft of the instrument has been laid before and approved by a resolution of each House of Parliament.</content></subsection></section></hcontainer><hcontainer name="crossheading" ukl:Name="Pblock" eId="part-2-crossheading-cold-calling-about-claims-management-services"><heading>Cold calling about claims management services</heading><section eId="section-35"><num>35</num><heading>Cold calling about claims management services</heading><subsection eId="section-35-1"><num>(1)</num><content>The Privacy and Electronic Communications (<abbr class="acronym" title="European Community">EC</abbr> Directive) Regulations 2003 (<abbr class="acronym" title="Statutory Instrument">S.I.</abbr> 2003/2426) are amended as follows.</content></subsection><subsection eId="section-35-2"><num>(2)</num><content><mod>In regulation 21 (calls for direct marketing purposes), after paragraph (5) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="uksi" ukl:TargetClass="secondary" ukl:TargetSubClass="regulation" ukl:Context="main" ukl:Format="default"><paragraph><num>(6)</num><content>Paragraph (1) does not apply to a case falling within regulation 21A.</content></paragraph></quotedStructure></mod></content></subsection><subsection eId="section-35-3"><num>(3)</num><content><mod>After regulation 21 insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="uksi" ukl:TargetClass="secondary" ukl:TargetSubClass="regulation" ukl:Context="main" ukl:Format="default"><hcontainer name="regulation"><heading>Calls for direct marketing of claims management services</heading><num>21A</num><paragraph><num>(1)</num><content>A person must not use, or instigate the use of, a public electronic communications service to make unsolicited calls for the purposes of direct marketing in relation to claims management services except in the circumstances referred to in paragraph (2).</content></paragraph><paragraph><num>(2)</num><content>Those circumstances are where the called line is that of a subscriber who has previously notified the caller that for the time being the subscriber consents to such calls being made by, or at the instigation of, the caller on that line.</content></paragraph><paragraph><num>(3)</num><content>A subscriber must not permit the subscriber's line to be used in contravention of paragraph (1).</content></paragraph><paragraph><num>(4)</num><intro>In this regulation, “<term refersTo="#term-claims-management-services">claims management services</term>” means the following services in relation to the making of a claim—</intro><level class="para1"><num>(a)</num><content>advice;</content></level><level class="para1"><num>(b)</num><content>financial services or assistance;</content></level><level class="para1"><num>(c)</num><content>acting on behalf of, or representing, a person;</content></level><level class="para1"><num>(d)</num><content>the referral or introduction of one person to another;</content></level><level class="para1"><num>(e)</num><content>the making of inquiries.</content></level></paragraph><paragraph><num>(5)</num><intro>In paragraph (4), “<term refersTo="#term-claim">claim</term>” means a claim for compensation, restitution, repayment or any other remedy or relief in respect of loss or damage or in respect of an obligation, whether the claim is made or could be made—</intro><level class="para1"><num>(a)</num><content>by way of legal proceedings,</content></level><level class="para1"><num>(b)</num><content>in accordance with a scheme of regulation (whether voluntary or compulsory), or</content></level><level class="para1"><num>(c)</num><content>in pursuance of a voluntary undertaking.</content></level></paragraph></hcontainer></quotedStructure></mod></content></subsection><subsection eId="section-35-4"><num>(4)</num><intro>In regulation 24 (information to be provided for the purposes of regulations 19 to 21)—</intro><level class="para1" eId="section-35-4-a"><num>(a)</num><content><mod>in the heading, for “, 20 and 21” substitute <quotedText>“ to 21A ”</quotedText>;</mod></content></level><level class="para1" eId="section-35-4-b"><num>(b)</num><content><mod>in paragraph (1)(b), after “21” insert <quotedText>“ or 21A ”</quotedText>.</mod></content></level></subsection></section></hcontainer></part>

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" name="crossheading" ukl:Name="Pblock" eId="part-2-crossheading-transfer-of-regulation-of-claims-management-services-to-fca"><heading>Transfer of regulation of claims management services to FCA</heading><section eId="section-27"><num>27</num><heading>Transfer to FCA of regulation of claims management services</heading><subsection eId="section-27-1"><num>(1)</num><content>The Financial Services and Markets Act 2000 is amended as follows.</content></subsection><subsection eId="section-27-2"><num>(2)</num><intro>In section 1H (interpretation provisions for FCA's objectives)—</intro><level class="para1" eId="section-27-2-a"><num>(a)</num><content><mod>in subsection (2), at the end of paragraph (c) insert <quotedText>“ or to engage in claims management activity ”</quotedText>, and</mod></content></level><level class="para1" eId="section-27-2-b"><num>(b)</num><content><mod>in subsection (8), at the appropriate place insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="default">“<term refersTo="#term-engage-in-claims-management-activity">engage in claims management activity</term>” has the meaning given in section 21;</quotedStructure><inline name="appendText">.</inline></mod></content></level></subsection><subsection eId="section-27-3"><num>(3)</num><intro>In section 21 (restrictions on financial promotion)—</intro><level class="para1" eId="section-27-3-a"><num>(a)</num><intro>in subsection (1)—</intro><level class="para2" eId="section-27-3-a-i"><num>(i)</num><content>the words from “to engage” to the end become paragraph (a), and</content></level><level class="para2" eId="section-27-3-a-ii"><num>(ii)</num><content><mod>at the end of that paragraph insert<quotedText startQuote="“">, or </quotedText><quotedStructure endQuote="”" uk:context="unknown" uk:docName="unknown" ukl:TargetClass="unknown" ukl:TargetSubClass="unknown" ukl:Context="unknown" ukl:Format="default"><level class="para1"><num>(b)</num><content>to engage in claims management activity.</content></level></quotedStructure><inline name="appendText">,</inline></mod></content></level></level><level class="para1" eId="section-27-3-b"><num>(b)</num><content><mod>after subsection (10) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="default"><subsection><num>(10A)</num><content>“<term refersTo="#term-engaging-in-claims-management-activity">Engaging in claims management activity</term>” means entering into or offering to enter into an agreement the making or performance of which by either party constitutes a controlled claims management activity.</content></subsection><subsection><num>(10B)</num><intro>An activity is a “controlled claims management activity” if—</intro><level class="para1"><num>(a)</num><content>it is an activity of a specified kind,</content></level><level class="para1"><num>(b)</num><content>it is, or relates to, claims management services, and</content></level><level class="para1"><num>(c)</num><content>it is carried on in Great Britain.</content></level></subsection></quotedStructure><inline name="appendText">, and</inline></mod></content></level><level class="para1" eId="section-27-3-c"><num>(c)</num><content><mod>after subsection (12) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="default"><subsection><num>(12A)</num><content>Paragraph 25 of Schedule 2 applies for the purposes of subsection (10B) with the references to section 22 in sub-paragraph (3) of that paragraph being read as references to subsection (10B).</content></subsection></quotedStructure></mod></content></level></subsection><subsection eId="section-27-4"><num>(4)</num><intro>In section 22 (regulated activities)—</intro><level class="para1" eId="section-27-4-a"><num>(a)</num><content><mod>after subsection (1A) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="default"><subsection><num>(1B)</num><intro>An activity is also a regulated activity for the purposes of this Act if it is an activity of a specified kind which—</intro><level class="para1"><num>(a)</num><content>is carried on by way of business in Great Britain, and</content></level><level class="para1"><num>(b)</num><content>is, or relates to, claims management services.</content></level></subsection></quotedStructure><inline name="appendText">, and</inline></mod></content></level><level class="para1" eId="section-27-4-b"><num>(b)</num><content><mod>in subsection (3) for “subsection (1) or (1A)” substitute <quotedText>“ subsections (1) to (1B) ”</quotedText>.</mod></content></level></subsection><subsection eId="section-27-5"><num>(5)</num><intro>In section 137R (financial promotion rules)—</intro><level class="para1" eId="section-27-5-a"><num>(a)</num><content><mod>in subsection (1), omit the “or” at the end of paragraph (a) and after that paragraph insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="default"><level class="para1"><num>(aa)</num><content>to engage in claims management activity, or</content></level></quotedStructure><inline name="appendText">, and</inline></mod></content></level><level class="para1" eId="section-27-5-b"><num>(b)</num><content><mod>in subsection (6), for “has” substitute <quotedText>“ and “engage in claims management activity” have ”</quotedText>.</mod></content></level></subsection><subsection eId="section-27-6"><num>(6)</num><intro>In section 234C (complaints to the FCA by consumer bodies)—</intro><level class="para1" eId="section-27-6-a"><num>(a)</num><content><mod>in subsection (1), after “financial services” insert <quotedText>“ or of a market in Great Britain for claims management services ”</quotedText>, and</mod></content></level><level class="para1" eId="section-27-6-b"><num>(b)</num><intro>in subsection (5)—</intro><level class="para2" eId="section-27-6-b-i"><num>(i)</num><content><mod>in paragraph (a), at the end insert <quotedText>“ (and “<term refersTo="#term-market-in-great-britain" eId="term-market-in-great-britain">market in Great Britain</term>” is to be construed accordingly) ”</quotedText>, and</mod></content></level><level class="para2" eId="section-27-6-b-ii"><num>(ii)</num><content><mod>in paragraph (b), after “financial services” insert <quotedText>“ , or of a market in Great Britain for claims management services, ”</quotedText>.</mod></content></level></level></subsection><subsection eId="section-27-7"><num>(7)</num><intro>In section 234I (FCA's functions under Part 4 of the Enterprise Act 2002)—</intro><level class="para1" eId="section-27-7-a"><num>(a)</num><content><mod>in subsection (2)(b), after “services” insert <quotedText>“ or to the provision of claims management services in Great Britain ”</quotedText>, and</mod></content></level><level class="para1" eId="section-27-7-b"><num>(b)</num><content><mod>in subsection (6)(a), after “financial services” insert <quotedText>“ or in Great Britain of claims management services ”</quotedText>.</mod></content></level></subsection><subsection eId="section-27-8"><num>(8)</num><content><mod>In section 234J(2) (FCA's functions under the Competition Act 1998), after “financial services” insert <quotedText>“ or relate to the provision of claims management services in Great Britain ”</quotedText>.</mod></content></subsection><subsection eId="section-27-9"><num>(9)</num><content><mod>In section 234M(1) (function of keeping market under review), after “services” insert <quotedText>“ and the market in Great Britain for claims management services ”</quotedText>.</mod></content></subsection><subsection eId="section-27-10"><num>(10)</num><content><mod>In section 417(1) (definitions), at the appropriate place insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="default">“<term refersTo="#term-regulated-claims-management-activity">regulated claims management activity</term>” means activity of a kind specified in an order under section 22(1B) (regulated activities: claims management services);</quotedStructure><inline name="appendText">.</inline></mod></content></subsection><subsection eId="section-27-11"><num>(11)</num><content><mod>After section 419 insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="default"><section><num>419A</num><heading>Claims management services</heading><subsection><num>(1)</num><content>In this Act “<term refersTo="#term-claims-management-services">claims management services</term>” means advice or other services in relation to the making of a claim.</content></subsection><subsection><num>(2)</num><intro>In subsection (1) “<term refersTo="#term-other-services">other services</term>” includes—</intro><level class="para1"><num>(a)</num><content>financial services or assistance,</content></level><level class="para1"><num>(b)</num><content>legal representation,</content></level><level class="para1"><num>(c)</num><content>referring or introducing one person to another, and</content></level><level class="para1"><num>(d)</num><content>making inquiries,</content></level><wrapUp>but giving, or preparing to give, evidence (whether or not expert evidence) is not, by itself, a claims management service.</wrapUp></subsection><subsection><num>(3)</num><intro>In this section “<term refersTo="#term-claim">claim</term>” means a claim for compensation, restitution, repayment or any other remedy or relief in respect of loss or damage or in respect of an obligation, whether the claim is made or could be made—</intro><level class="para1"><num>(a)</num><content>by way of legal proceedings,</content></level><level class="para1"><num>(b)</num><content>in accordance with a scheme of regulation (whether voluntary or compulsory), or</content></level><level class="para1"><num>(c)</num><content>in pursuance of a voluntary undertaking.</content></level></subsection><subsection><num>(4)</num><content>The Treasury may by order provide that a claim for a specified benefit is to be treated as a claim for the purposes of this section.</content></subsection><subsection><num>(5)</num><content>The Treasury may specify a benefit under subsection (4) only if it appears to the Treasury to be a social security benefit, payable under the law of any part of the United Kingdom, designed to provide compensation for industrial injury.</content></subsection></section><section><num>419B</num><heading>Carrying on claims management activity in Great Britain</heading><subsection><num>(1)</num><intro>The Treasury may by order make provision as to the circumstances in which a person is, or is not, to be treated as carrying on—</intro><level class="para1"><num>(a)</num><content>a regulated claims management activity, or</content></level><level class="para1"><num>(b)</num><content>an activity of a kind specified in an order under section 21(10B),</content></level><wrapUp>in Great Britain.</wrapUp></subsection><subsection><num>(2)</num><content>Subsections (2) to (5) of section 419 apply in relation to an order under subsection (1) as they apply in relation to an order under subsection (1) of that section, but as if the references to regulated activities in subsection (2) of that section were references to regulated claims management activities or, as the case may be, to activities of a kind specified in an order under section 21(10B).</content></subsection></section></quotedStructure></mod></content></subsection><subsection eId="section-27-12"><num>(12)</num><intro>In section 429 (parliamentary control of statutory instruments)—</intro><level class="para1" eId="section-27-12-a"><num>(a)</num><content><mod>in subsection (1)(a) (orders subject to affirmative procedure), for “or 419” substitute <quotedText>“ , 419 or 419B ”</quotedText>,</mod></content></level><level class="para1" eId="section-27-12-b"><num>(b)</num><intro>in subsection (4)—</intro><level class="para2" eId="section-27-12-b-i"><num>(i)</num><content>in paragraph (e), for “or (10)” substitute, “, (10) or (10B)”,</content></level><level class="para2" eId="section-27-12-b-ii"><num>(ii)</num><content>omit the “or” at the end of paragraph (f), and</content></level><level class="para2" eId="section-27-12-b-iii"><num>(iii)</num><content><mod>after paragraph (g) insert<quotedText startQuote="“">; or </quotedText><quotedStructure endQuote="”" uk:context="unknown" uk:docName="unknown" ukl:TargetClass="unknown" ukl:TargetSubClass="unknown" ukl:Context="unknown" ukl:Format="default"><level class="para1"><num>(h)</num><content>it adds one or more activities to those that are controlled claims management activities for the purposes of section 21.</content></level></quotedStructure><inline name="appendText">, and</inline></mod></content></level></level><level class="para1" eId="section-27-12-c"><num>(c)</num><content><mod>after subsection (7) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="default"><subsection><num>(7A)</num><content>An order to which, if it is made, subsection (7B) will apply is not to be made unless a draft of the order has been laid before Parliament and approved by a resolution of each House.</content></subsection><subsection><num>(7B)</num><intro>This subsection applies to an order under section 419A(4) if—</intro><level class="para1"><num>(a)</num><content>it is the first order to be made, or to contain provisions made, under that subsection; or</content></level><level class="para1"><num>(b)</num><content>it adds one or more benefits to those that are specified benefits for the purposes of section 419A.</content></level></subsection></quotedStructure></mod></content></level></subsection><subsection eId="section-27-13"><num>(13)</num><intro>In Schedule 2 (regulated activities)—</intro><level class="para1" eId="section-27-13-a"><num>(a)</num><intro>in paragraph 25 (order making power), in sub-paragraph (1)—</intro><level class="para2" eId="section-27-13-a-i"><num>(i)</num><content><mod>in the opening words for “or (1A)” substitute <quotedText>“ to (1B) ”</quotedText>;</mod></content></level><level class="para2" eId="section-27-13-a-ii"><num>(ii)</num><content><mod>in paragraph (f) at the end insert <quotedText>“ , including provision which applies (with or without modification) provision in this Act or other primary or subordinate legislation that relates to investment activity or financial services to a regulated activity that does not relate to investment activity or financial services. ”</quotedText>, and</mod></content></level></level><level class="para1" eId="section-27-13-b"><num>(b)</num><content><mod>in paragraph 26 (parliamentary control), in sub-paragraph (1) for “or (1A)” substitute <quotedText>“ to (1B) ”</quotedText>.</mod></content></level></subsection><subsection eId="section-27-14"><num>(14)</num><content>Schedule 4 contains provision about transfer schemes where an order is made under section 22(1B) of the Financial Services and Markets Act 2000 (inserted by subsection (4)(a)).</content></subsection><subsection eId="section-27-15"><num>(15)</num><content>Schedule 5 contains transitional provision relating to this section.</content></subsection></section></hcontainer>

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-27"><num>27</num><heading>Transfer to FCA of regulation of claims management services</heading><subsection eId="section-27-1"><num>(1)</num><content>The Financial Services and Markets Act 2000 is amended as follows.</content></subsection><subsection eId="section-27-2"><num>(2)</num><intro>In section 1H (interpretation provisions for FCA's objectives)—</intro><level class="para1" eId="section-27-2-a"><num>(a)</num><content><mod>in subsection (2), at the end of paragraph (c) insert <quotedText>“ or to engage in claims management activity ”</quotedText>, and</mod></content></level><level class="para1" eId="section-27-2-b"><num>(b)</num><content><mod>in subsection (8), at the appropriate place insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="default">“<term refersTo="#term-engage-in-claims-management-activity">engage in claims management activity</term>” has the meaning given in section 21;</quotedStructure><inline name="appendText">.</inline></mod></content></level></subsection><subsection eId="section-27-3"><num>(3)</num><intro>In section 21 (restrictions on financial promotion)—</intro><level class="para1" eId="section-27-3-a"><num>(a)</num><intro>in subsection (1)—</intro><level class="para2" eId="section-27-3-a-i"><num>(i)</num><content>the words from “to engage” to the end become paragraph (a), and</content></level><level class="para2" eId="section-27-3-a-ii"><num>(ii)</num><content><mod>at the end of that paragraph insert<quotedText startQuote="“">, or </quotedText><quotedStructure endQuote="”" uk:context="unknown" uk:docName="unknown" ukl:TargetClass="unknown" ukl:TargetSubClass="unknown" ukl:Context="unknown" ukl:Format="default"><level class="para1"><num>(b)</num><content>to engage in claims management activity.</content></level></quotedStructure><inline name="appendText">,</inline></mod></content></level></level><level class="para1" eId="section-27-3-b"><num>(b)</num><content><mod>after subsection (10) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="default"><subsection><num>(10A)</num><content>“<term refersTo="#term-engaging-in-claims-management-activity">Engaging in claims management activity</term>” means entering into or offering to enter into an agreement the making or performance of which by either party constitutes a controlled claims management activity.</content></subsection><subsection><num>(10B)</num><intro>An activity is a “controlled claims management activity” if—</intro><level class="para1"><num>(a)</num><content>it is an activity of a specified kind,</content></level><level class="para1"><num>(b)</num><content>it is, or relates to, claims management services, and</content></level><level class="para1"><num>(c)</num><content>it is carried on in Great Britain.</content></level></subsection></quotedStructure><inline name="appendText">, and</inline></mod></content></level><level class="para1" eId="section-27-3-c"><num>(c)</num><content><mod>after subsection (12) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="default"><subsection><num>(12A)</num><content>Paragraph 25 of Schedule 2 applies for the purposes of subsection (10B) with the references to section 22 in sub-paragraph (3) of that paragraph being read as references to subsection (10B).</content></subsection></quotedStructure></mod></content></level></subsection><subsection eId="section-27-4"><num>(4)</num><intro>In section 22 (regulated activities)—</intro><level class="para1" eId="section-27-4-a"><num>(a)</num><content><mod>after subsection (1A) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="default"><subsection><num>(1B)</num><intro>An activity is also a regulated activity for the purposes of this Act if it is an activity of a specified kind which—</intro><level class="para1"><num>(a)</num><content>is carried on by way of business in Great Britain, and</content></level><level class="para1"><num>(b)</num><content>is, or relates to, claims management services.</content></level></subsection></quotedStructure><inline name="appendText">, and</inline></mod></content></level><level class="para1" eId="section-27-4-b"><num>(b)</num><content><mod>in subsection (3) for “subsection (1) or (1A)” substitute <quotedText>“ subsections (1) to (1B) ”</quotedText>.</mod></content></level></subsection><subsection eId="section-27-5"><num>(5)</num><intro>In section 137R (financial promotion rules)—</intro><level class="para1" eId="section-27-5-a"><num>(a)</num><content><mod>in subsection (1), omit the “or” at the end of paragraph (a) and after that paragraph insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="default"><level class="para1"><num>(aa)</num><content>to engage in claims management activity, or</content></level></quotedStructure><inline name="appendText">, and</inline></mod></content></level><level class="para1" eId="section-27-5-b"><num>(b)</num><content><mod>in subsection (6), for “has” substitute <quotedText>“ and “engage in claims management activity” have ”</quotedText>.</mod></content></level></subsection><subsection eId="section-27-6"><num>(6)</num><intro>In section 234C (complaints to the FCA by consumer bodies)—</intro><level class="para1" eId="section-27-6-a"><num>(a)</num><content><mod>in subsection (1), after “financial services” insert <quotedText>“ or of a market in Great Britain for claims management services ”</quotedText>, and</mod></content></level><level class="para1" eId="section-27-6-b"><num>(b)</num><intro>in subsection (5)—</intro><level class="para2" eId="section-27-6-b-i"><num>(i)</num><content><mod>in paragraph (a), at the end insert <quotedText>“ (and “<term refersTo="#term-market-in-great-britain" eId="term-market-in-great-britain">market in Great Britain</term>” is to be construed accordingly) ”</quotedText>, and</mod></content></level><level class="para2" eId="section-27-6-b-ii"><num>(ii)</num><content><mod>in paragraph (b), after “financial services” insert <quotedText>“ , or of a market in Great Britain for claims management services, ”</quotedText>.</mod></content></level></level></subsection><subsection eId="section-27-7"><num>(7)</num><intro>In section 234I (FCA's functions under Part 4 of the Enterprise Act 2002)—</intro><level class="para1" eId="section-27-7-a"><num>(a)</num><content><mod>in subsection (2)(b), after “services” insert <quotedText>“ or to the provision of claims management services in Great Britain ”</quotedText>, and</mod></content></level><level class="para1" eId="section-27-7-b"><num>(b)</num><content><mod>in subsection (6)(a), after “financial services” insert <quotedText>“ or in Great Britain of claims management services ”</quotedText>.</mod></content></level></subsection><subsection eId="section-27-8"><num>(8)</num><content><mod>In section 234J(2) (FCA's functions under the Competition Act 1998), after “financial services” insert <quotedText>“ or relate to the provision of claims management services in Great Britain ”</quotedText>.</mod></content></subsection><subsection eId="section-27-9"><num>(9)</num><content><mod>In section 234M(1) (function of keeping market under review), after “services” insert <quotedText>“ and the market in Great Britain for claims management services ”</quotedText>.</mod></content></subsection><subsection eId="section-27-10"><num>(10)</num><content><mod>In section 417(1) (definitions), at the appropriate place insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="default">“<term refersTo="#term-regulated-claims-management-activity">regulated claims management activity</term>” means activity of a kind specified in an order under section 22(1B) (regulated activities: claims management services);</quotedStructure><inline name="appendText">.</inline></mod></content></subsection><subsection eId="section-27-11"><num>(11)</num><content><mod>After section 419 insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="default"><section><num>419A</num><heading>Claims management services</heading><subsection><num>(1)</num><content>In this Act “<term refersTo="#term-claims-management-services">claims management services</term>” means advice or other services in relation to the making of a claim.</content></subsection><subsection><num>(2)</num><intro>In subsection (1) “<term refersTo="#term-other-services">other services</term>” includes—</intro><level class="para1"><num>(a)</num><content>financial services or assistance,</content></level><level class="para1"><num>(b)</num><content>legal representation,</content></level><level class="para1"><num>(c)</num><content>referring or introducing one person to another, and</content></level><level class="para1"><num>(d)</num><content>making inquiries,</content></level><wrapUp>but giving, or preparing to give, evidence (whether or not expert evidence) is not, by itself, a claims management service.</wrapUp></subsection><subsection><num>(3)</num><intro>In this section “<term refersTo="#term-claim">claim</term>” means a claim for compensation, restitution, repayment or any other remedy or relief in respect of loss or damage or in respect of an obligation, whether the claim is made or could be made—</intro><level class="para1"><num>(a)</num><content>by way of legal proceedings,</content></level><level class="para1"><num>(b)</num><content>in accordance with a scheme of regulation (whether voluntary or compulsory), or</content></level><level class="para1"><num>(c)</num><content>in pursuance of a voluntary undertaking.</content></level></subsection><subsection><num>(4)</num><content>The Treasury may by order provide that a claim for a specified benefit is to be treated as a claim for the purposes of this section.</content></subsection><subsection><num>(5)</num><content>The Treasury may specify a benefit under subsection (4) only if it appears to the Treasury to be a social security benefit, payable under the law of any part of the United Kingdom, designed to provide compensation for industrial injury.</content></subsection></section><section><num>419B</num><heading>Carrying on claims management activity in Great Britain</heading><subsection><num>(1)</num><intro>The Treasury may by order make provision as to the circumstances in which a person is, or is not, to be treated as carrying on—</intro><level class="para1"><num>(a)</num><content>a regulated claims management activity, or</content></level><level class="para1"><num>(b)</num><content>an activity of a kind specified in an order under section 21(10B),</content></level><wrapUp>in Great Britain.</wrapUp></subsection><subsection><num>(2)</num><content>Subsections (2) to (5) of section 419 apply in relation to an order under subsection (1) as they apply in relation to an order under subsection (1) of that section, but as if the references to regulated activities in subsection (2) of that section were references to regulated claims management activities or, as the case may be, to activities of a kind specified in an order under section 21(10B).</content></subsection></section></quotedStructure></mod></content></subsection><subsection eId="section-27-12"><num>(12)</num><intro>In section 429 (parliamentary control of statutory instruments)—</intro><level class="para1" eId="section-27-12-a"><num>(a)</num><content><mod>in subsection (1)(a) (orders subject to affirmative procedure), for “or 419” substitute <quotedText>“ , 419 or 419B ”</quotedText>,</mod></content></level><level class="para1" eId="section-27-12-b"><num>(b)</num><intro>in subsection (4)—</intro><level class="para2" eId="section-27-12-b-i"><num>(i)</num><content>in paragraph (e), for “or (10)” substitute, “, (10) or (10B)”,</content></level><level class="para2" eId="section-27-12-b-ii"><num>(ii)</num><content>omit the “or” at the end of paragraph (f), and</content></level><level class="para2" eId="section-27-12-b-iii"><num>(iii)</num><content><mod>after paragraph (g) insert<quotedText startQuote="“">; or </quotedText><quotedStructure endQuote="”" uk:context="unknown" uk:docName="unknown" ukl:TargetClass="unknown" ukl:TargetSubClass="unknown" ukl:Context="unknown" ukl:Format="default"><level class="para1"><num>(h)</num><content>it adds one or more activities to those that are controlled claims management activities for the purposes of section 21.</content></level></quotedStructure><inline name="appendText">, and</inline></mod></content></level></level><level class="para1" eId="section-27-12-c"><num>(c)</num><content><mod>after subsection (7) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="default"><subsection><num>(7A)</num><content>An order to which, if it is made, subsection (7B) will apply is not to be made unless a draft of the order has been laid before Parliament and approved by a resolution of each House.</content></subsection><subsection><num>(7B)</num><intro>This subsection applies to an order under section 419A(4) if—</intro><level class="para1"><num>(a)</num><content>it is the first order to be made, or to contain provisions made, under that subsection; or</content></level><level class="para1"><num>(b)</num><content>it adds one or more benefits to those that are specified benefits for the purposes of section 419A.</content></level></subsection></quotedStructure></mod></content></level></subsection><subsection eId="section-27-13"><num>(13)</num><intro>In Schedule 2 (regulated activities)—</intro><level class="para1" eId="section-27-13-a"><num>(a)</num><intro>in paragraph 25 (order making power), in sub-paragraph (1)—</intro><level class="para2" eId="section-27-13-a-i"><num>(i)</num><content><mod>in the opening words for “or (1A)” substitute <quotedText>“ to (1B) ”</quotedText>;</mod></content></level><level class="para2" eId="section-27-13-a-ii"><num>(ii)</num><content><mod>in paragraph (f) at the end insert <quotedText>“ , including provision which applies (with or without modification) provision in this Act or other primary or subordinate legislation that relates to investment activity or financial services to a regulated activity that does not relate to investment activity or financial services. ”</quotedText>, and</mod></content></level></level><level class="para1" eId="section-27-13-b"><num>(b)</num><content><mod>in paragraph 26 (parliamentary control), in sub-paragraph (1) for “or (1A)” substitute <quotedText>“ to (1B) ”</quotedText>.</mod></content></level></subsection><subsection eId="section-27-14"><num>(14)</num><content>Schedule 4 contains provision about transfer schemes where an order is made under section 22(1B) of the Financial Services and Markets Act 2000 (inserted by subsection (4)(a)).</content></subsection><subsection eId="section-27-15"><num>(15)</num><content>Schedule 5 contains transitional provision relating to this section.</content></subsection></section>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-27-1"><num>(1)</num><content>The Financial Services and Markets Act 2000 is amended as follows.</content></subsection>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para1" eId="section-27-3-a"><num>(a)</num><intro>in subsection (1)—</intro><level class="para2" eId="section-27-3-a-i"><num>(i)</num><content>the words from “to engage” to the end become paragraph (a), and</content></level><level class="para2" eId="section-27-3-a-ii"><num>(ii)</num><content><mod>at the end of that paragraph insert<quotedText startQuote="“">, or </quotedText><quotedStructure endQuote="”" uk:context="unknown" uk:docName="unknown" ukl:TargetClass="unknown" ukl:TargetSubClass="unknown" ukl:Context="unknown" ukl:Format="default"><level class="para1"><num>(b)</num><content>to engage in claims management activity.</content></level></quotedStructure><inline name="appendText">,</inline></mod></content></level></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para1" eId="section-27-3-b"><num>(b)</num><content><mod>after subsection (10) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="default"><subsection><num>(10A)</num><content>“<term refersTo="#term-engaging-in-claims-management-activity">Engaging in claims management activity</term>” means entering into or offering to enter into an agreement the making or performance of which by either party constitutes a controlled claims management activity.</content></subsection><subsection><num>(10B)</num><intro>An activity is a “controlled claims management activity” if—</intro><level class="para1"><num>(a)</num><content>it is an activity of a specified kind,</content></level><level class="para1"><num>(b)</num><content>it is, or relates to, claims management services, and</content></level><level class="para1"><num>(c)</num><content>it is carried on in Great Britain.</content></level></subsection></quotedStructure><inline name="appendText">, and</inline></mod></content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-27-6"><num>(6)</num><intro>In section 234C (complaints to the FCA by consumer bodies)—</intro><level class="para1" eId="section-27-6-a"><num>(a)</num><content><mod>in subsection (1), after “financial services” insert <quotedText>“ or of a market in Great Britain for claims management services ”</quotedText>, and</mod></content></level><level class="para1" eId="section-27-6-b"><num>(b)</num><intro>in subsection (5)—</intro><level class="para2" eId="section-27-6-b-i"><num>(i)</num><content><mod>in paragraph (a), at the end insert <quotedText>“ (and “<term refersTo="#term-market-in-great-britain" eId="term-market-in-great-britain">market in Great Britain</term>” is to be construed accordingly) ”</quotedText>, and</mod></content></level><level class="para2" eId="section-27-6-b-ii"><num>(ii)</num><content><mod>in paragraph (b), after “financial services” insert <quotedText>“ , or of a market in Great Britain for claims management services, ”</quotedText>.</mod></content></level></level></subsection>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-27-6-a"><num>(a)</num><content><mod>in subsection (1), after “financial services” insert <quotedText>“ or of a market in Great Britain for claims management services ”</quotedText>, and</mod></content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-27-6-b"><num>(b)</num><intro>in subsection (5)—</intro><level class="para2" eId="section-27-6-b-i"><num>(i)</num><content><mod>in paragraph (a), at the end insert <quotedText>“ (and “<term refersTo="#term-market-in-great-britain" eId="term-market-in-great-britain">market in Great Britain</term>” is to be construed accordingly) ”</quotedText>, and</mod></content></level><level class="para2" eId="section-27-6-b-ii"><num>(ii)</num><content><mod>in paragraph (b), after “financial services” insert <quotedText>“ , or of a market in Great Britain for claims management services, ”</quotedText>.</mod></content></level></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-27-7"><num>(7)</num><intro>In section 234I (FCA's functions under Part 4 of the Enterprise Act 2002)—</intro><level class="para1" eId="section-27-7-a"><num>(a)</num><content><mod>in subsection (2)(b), after “services” insert <quotedText>“ or to the provision of claims management services in Great Britain ”</quotedText>, and</mod></content></level><level class="para1" eId="section-27-7-b"><num>(b)</num><content><mod>in subsection (6)(a), after “financial services” insert <quotedText>“ or in Great Britain of claims management services ”</quotedText>.</mod></content></level></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-27-8"><num>(8)</num><content><mod>In section 234J(2) (FCA's functions under the Competition Act 1998), after “financial services” insert <quotedText>“ or relate to the provision of claims management services in Great Britain ”</quotedText>.</mod></content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-27-9"><num>(9)</num><content><mod>In section 234M(1) (function of keeping market under review), after “services” insert <quotedText>“ and the market in Great Britain for claims management services ”</quotedText>.</mod></content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-27-11"><num>(11)</num><content><mod>After section 419 insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="default"><section><num>419A</num><heading>Claims management services</heading><subsection><num>(1)</num><content>In this Act “<term refersTo="#term-claims-management-services">claims management services</term>” means advice or other services in relation to the making of a claim.</content></subsection><subsection><num>(2)</num><intro>In subsection (1) “<term refersTo="#term-other-services">other services</term>” includes—</intro><level class="para1"><num>(a)</num><content>financial services or assistance,</content></level><level class="para1"><num>(b)</num><content>legal representation,</content></level><level class="para1"><num>(c)</num><content>referring or introducing one person to another, and</content></level><level class="para1"><num>(d)</num><content>making inquiries,</content></level><wrapUp>but giving, or preparing to give, evidence (whether or not expert evidence) is not, by itself, a claims management service.</wrapUp></subsection><subsection><num>(3)</num><intro>In this section “<term refersTo="#term-claim">claim</term>” means a claim for compensation, restitution, repayment or any other remedy or relief in respect of loss or damage or in respect of an obligation, whether the claim is made or could be made—</intro><level class="para1"><num>(a)</num><content>by way of legal proceedings,</content></level><level class="para1"><num>(b)</num><content>in accordance with a scheme of regulation (whether voluntary or compulsory), or</content></level><level class="para1"><num>(c)</num><content>in pursuance of a voluntary undertaking.</content></level></subsection><subsection><num>(4)</num><content>The Treasury may by order provide that a claim for a specified benefit is to be treated as a claim for the purposes of this section.</content></subsection><subsection><num>(5)</num><content>The Treasury may specify a benefit under subsection (4) only if it appears to the Treasury to be a social security benefit, payable under the law of any part of the United Kingdom, designed to provide compensation for industrial injury.</content></subsection></section><section><num>419B</num><heading>Carrying on claims management activity in Great Britain</heading><subsection><num>(1)</num><intro>The Treasury may by order make provision as to the circumstances in which a person is, or is not, to be treated as carrying on—</intro><level class="para1"><num>(a)</num><content>a regulated claims management activity, or</content></level><level class="para1"><num>(b)</num><content>an activity of a kind specified in an order under section 21(10B),</content></level><wrapUp>in Great Britain.</wrapUp></subsection><subsection><num>(2)</num><content>Subsections (2) to (5) of section 419 apply in relation to an order under subsection (1) as they apply in relation to an order under subsection (1) of that section, but as if the references to regulated activities in subsection (2) of that section were references to regulated claims management activities or, as the case may be, to activities of a kind specified in an order under section 21(10B).</content></subsection></section></quotedStructure></mod></content></subsection>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-27-12-a"><num>(a)</num><content><mod>in subsection (1)(a) (orders subject to affirmative procedure), for “or 419” substitute <quotedText>“ , 419 or 419B ”</quotedText>,</mod></content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para1" eId="section-27-12-b"><num>(b)</num><intro>in subsection (4)—</intro><level class="para2" eId="section-27-12-b-i"><num>(i)</num><content>in paragraph (e), for “or (10)” substitute, “, (10) or (10B)”,</content></level><level class="para2" eId="section-27-12-b-ii"><num>(ii)</num><content>omit the “or” at the end of paragraph (f), and</content></level><level class="para2" eId="section-27-12-b-iii"><num>(iii)</num><content><mod>after paragraph (g) insert<quotedText startQuote="“">; or </quotedText><quotedStructure endQuote="”" uk:context="unknown" uk:docName="unknown" ukl:TargetClass="unknown" ukl:TargetSubClass="unknown" ukl:Context="unknown" ukl:Format="default"><level class="para1"><num>(h)</num><content>it adds one or more activities to those that are controlled claims management activities for the purposes of section 21.</content></level></quotedStructure><inline name="appendText">, and</inline></mod></content></level></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" class="para1" eId="section-27-12-c"><num>(c)</num><content><mod>after subsection (7) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="default"><subsection><num>(7A)</num><content>An order to which, if it is made, subsection (7B) will apply is not to be made unless a draft of the order has been laid before Parliament and approved by a resolution of each House.</content></subsection><subsection><num>(7B)</num><intro>This subsection applies to an order under section 419A(4) if—</intro><level class="para1"><num>(a)</num><content>it is the first order to be made, or to contain provisions made, under that subsection; or</content></level><level class="para1"><num>(b)</num><content>it adds one or more benefits to those that are specified benefits for the purposes of section 419A.</content></level></subsection></quotedStructure></mod></content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-27-13"><num>(13)</num><intro>In Schedule 2 (regulated activities)—</intro><level class="para1" eId="section-27-13-a"><num>(a)</num><intro>in paragraph 25 (order making power), in sub-paragraph (1)—</intro><level class="para2" eId="section-27-13-a-i"><num>(i)</num><content><mod>in the opening words for “or (1A)” substitute <quotedText>“ to (1B) ”</quotedText>;</mod></content></level><level class="para2" eId="section-27-13-a-ii"><num>(ii)</num><content><mod>in paragraph (f) at the end insert <quotedText>“ , including provision which applies (with or without modification) provision in this Act or other primary or subordinate legislation that relates to investment activity or financial services to a regulated activity that does not relate to investment activity or financial services. ”</quotedText>, and</mod></content></level></level><level class="para1" eId="section-27-13-b"><num>(b)</num><content><mod>in paragraph 26 (parliamentary control), in sub-paragraph (1) for “or (1A)” substitute <quotedText>“ to (1B) ”</quotedText>.</mod></content></level></subsection>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-27-13-a"><num>(a)</num><intro>in paragraph 25 (order making power), in sub-paragraph (1)—</intro><level class="para2" eId="section-27-13-a-i"><num>(i)</num><content><mod>in the opening words for “or (1A)” substitute <quotedText>“ to (1B) ”</quotedText>;</mod></content></level><level class="para2" eId="section-27-13-a-ii"><num>(ii)</num><content><mod>in paragraph (f) at the end insert <quotedText>“ , including provision which applies (with or without modification) provision in this Act or other primary or subordinate legislation that relates to investment activity or financial services to a regulated activity that does not relate to investment activity or financial services. ”</quotedText>, and</mod></content></level></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-27-13-b"><num>(b)</num><content><mod>in paragraph 26 (parliamentary control), in sub-paragraph (1) for “or (1A)” substitute <quotedText>“ to (1B) ”</quotedText>.</mod></content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-27-14"><num>(14)</num><content>Schedule 4 contains provision about transfer schemes where an order is made under section 22(1B) of the Financial Services and Markets Act 2000 (inserted by subsection (4)(a)).</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-27-15"><num>(15)</num><content>Schedule 5 contains transitional provision relating to this section.</content></subsection>

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:xhtml="http://www.w3.org/1999/xhtml" name="crossheading" ukl:Name="Pblock" eId="part-2-crossheading-charges-for-claims-management-services"><heading>Charges for claims management services</heading><section eId="section-28"><num>28</num><heading>Power of FCA to make rules restricting charges for claims management services</heading><subsection eId="section-28-1"><num>(1)</num><content>The Financial Services and Markets Act 2000 is amended as set out in subsections (2) and (3).</content></subsection><subsection eId="section-28-2"><num>(2)</num><content><mod>After section 137FC (inserted by section 20) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="default"><section><num>137FD</num><heading>FCA general rules: charges for claims management services</heading><subsection><num>(1)</num><intro>The power of the FCA to make general rules includes power to make rules prohibiting authorised persons from—</intro><level class="para1"><num>(a)</num><content>entering into a specified regulated claims management agreement that provides for the payment by a person of charges which, taken with charges payable under an agreement treated by the rules as being connected with the regulated claims management agreement (if any), are specified charges, and</content></level><level class="para1"><num>(b)</num><content>imposing specified charges on a person in connection with the provision of a service which is, or which is provided in connection with, a specified regulated claims management activity.</content></level></subsection><subsection><num>(2)</num><content>The FCA must make rules by virtue of subsection (1) in relation to all regulated claims management agreements, and all regulated claims management activities, which concern claims in relation to financial products or services.</content></subsection><subsection><num>(3)</num><content>The rules must be made with a view to securing an appropriate degree of protection against excessive charges for the provision of a service which is, or which is provided in connection with, a regulated claims management activity.</content></subsection><subsection><num>(4)</num><content>The rules may specify charges by reference to charges of a specified class or description, or by reference to charges which exceed, or are capable of exceeding, a specified amount.</content></subsection><subsection><num>(5)</num><intro>In relation to an agreement entered into, or charge imposed, in contravention of the rules, the rules may (amongst other things)—</intro><level class="para1"><num>(a)</num><content>provide for the agreement, or obligation to pay the charge, to be unenforceable or unenforceable to a specified extent;</content></level><level class="para1"><num>(b)</num><content>provide for the recovery of amounts paid under the agreement or obligation;</content></level><level class="para1"><num>(c)</num><content>provide for the payment of compensation for any losses incurred as a result of paying amounts under the agreement or obligation.</content></level></subsection><subsection><num>(6)</num><content>The provision that may be made under subsection (5) includes provision corresponding to that made by section 30 (enforceability of agreements resulting from unlawful communications).</content></subsection><subsection><num>(7)</num><intro>In this section—</intro><level class="para1"><num>(a)</num><content>“<term refersTo="#term-regulated-claims-management-agreement">regulated claims management agreement</term>” means an agreement, the entering into or performing of which by either party is a regulated claims management activity, and</content></level><level class="para1"><num>(b)</num><content>“<term refersTo="#term-specified">specified</term>” means specified in the rules, but “<term refersTo="#term-specified-amount">specified amount</term>” means an amount specified in or determined in accordance with the rules.</content></level></subsection></section></quotedStructure></mod></content></subsection><subsection eId="section-28-3"><num>(3)</num><intro>In section 138E(3) (contravention of rules which may make transaction void or unenforceable)—</intro><level class="para1" eId="section-28-3-a"><num>(a)</num><content>omit the “or” at the end of paragraph (b), and</content></level><level class="para1" eId="section-28-3-b"><num>(b)</num><content><mod>at the end of paragraph (c) insert<quotedText startQuote="“">or </quotedText><quotedStructure endQuote="”" uk:context="unknown" uk:docName="unknown" ukl:TargetClass="unknown" ukl:TargetSubClass="unknown" ukl:Context="unknown" ukl:Format="default"><level class="para1"><num>(d)</num><content>rules made by the FCA under section 137FD.</content></level></quotedStructure></mod></content></level></subsection></section><section eId="section-29"><num>29</num><heading>PPI claims and charges for claims management services: general</heading><subsection eId="section-29-1"><num>(1)</num><content>This section and sections 30 to 32 make provision for a fee cap to apply in certain circumstances to charges for regulated services provided in connection with a PPI claim.</content></subsection><subsection eId="section-29-2"><num>(2)</num><content>The following provisions explain terms used in those sections.</content></subsection><subsection eId="section-29-3"><num>(3)</num><content>The fee cap applicable to the amount charged for regulated services provided in connection with a PPI claim is 20% of the amount recovered for the claimant in satisfaction of the claim.Accordingly, where nothing is recovered (whether or not a claim has been made or concluded) the fee cap is zero.</content></subsection><subsection eId="section-29-4"><num>(4)</num><intro>But the charging of a reasonable amount for work done for the claimant is not to be regarded as exceeding the fee cap for a PPI claim if—</intro><level class="para1" eId="section-29-4-a"><num>(a)</num><content>the amount is charged for regulated services provided in connection with the claim,</content></level><level class="para1" eId="section-29-4-b"><num>(b)</num><content>no other amount is charged for those services,</content></level><level class="para1" eId="section-29-4-c"><num>(c)</num><content>the claimant has terminated the agreement governing the provision of such services (whether before or after the making of a claim), and</content></level><level class="para1" eId="section-29-4-d"><num>(d)</num><content>the termination was not achieved by the cancellation of the agreement during a cooling off period available to the claimant by right (whether conferred by the agreement or otherwise).</content></level></subsection><subsection eId="section-29-5"><num>(5)</num><content>References to a claim are to a claim (however described) seeking compensation, restitution, repayment or any other financial remedy or relief, whether or not the claim is made or could be made by way of legal proceedings.</content></subsection><subsection eId="section-29-6"><num>(6)</num><content>References to the amount charged for regulated services provided in connection with a PPI claim are references to a sum comprising all amounts charged for such services in connection with the claim (whether or not charged under a single agreement), exclusive of VAT.</content></subsection><subsection eId="section-29-7"><num>(7)</num><intro>References to the amount recovered for the claimant, in relation to a PPI claim, include a reference to any amount which (instead of being paid to or to the order of the claimant)—</intro><level class="para1" eId="section-29-7-a"><num>(a)</num><content>is set off against a debt due from the claimant to the person against whom the claim is made, or</content></level><level class="para1" eId="section-29-7-b"><num>(b)</num><content>is paid to any person other than the claimant (whether a person providing regulated services in connection with the claim or any other person) with a view to discharging the whole or part of a debt due from the claimant.</content></level></subsection><subsection eId="section-29-8"><num>(8)</num><intro>In this section references to regulated services are—</intro><level class="para1" eId="section-29-8-a"><num>(a)</num><content>so far as relevant for the purposes of section 30, to be read as referring to regulated claims management services,</content></level><level class="para1" eId="section-29-8-b"><num>(b)</num><content>so far as relevant for the purposes of section 31, to be read as referring to any service which is a regulated claims management activity, and</content></level><level class="para1" eId="section-29-8-c"><num>(c)</num><content>so far as relevant for the purposes of section 32, to be read as referring to any service which is a relevant claims management activity (within the meaning given by subsection (5) of that section).</content></level></subsection><subsection eId="section-29-9"><num>(9)</num><content>“<term refersTo="#term-ppi-claim" eId="term-ppi-claim">PPI claim</term>” means a claim relating to the selling of payment protection insurance (whether it concerns amounts paid by the policyholder or otherwise).</content></subsection><subsection eId="section-29-10"><num>(10)</num><intro>“Regulated claims management services”—</intro><level class="para1" eId="section-29-10-a"><num>(a)</num><content>does not include any reserved legal activities of the kind mentioned in section 12(1)(a) or (b) of the Legal Services Act 2007 (exercise of a right of audience or the conduct of litigation), but</content></level><level class="para1" eId="section-29-10-b"><num>(b)</num><content>otherwise, has the same meaning as in the Compensation Act 2006 (see section 14 of that Act).</content></level></subsection><subsection eId="section-29-11"><num>(11)</num><content>“<term refersTo="#term-regulated-claims-management-activity" eId="term-regulated-claims-management-activity">Regulated claims management activity</term>” has the same meaning as in the Financial Services and Markets Act 2000 (see the definition inserted by this Act in section 417(1) of that Act).</content></subsection><subsection eId="section-29-12"><num>(12)</num><content>“<term refersTo="#term-section-221b-specified-activity-provisions" eId="term-section-221b-specified-activity-provisions">Section 22(1B) specified activity provisions</term>” means provisions of an order made under section 22(1B) of the Financial Services and Markets Act 2000 (as inserted by this Act) which specify a kind of activity as a regulated activity within the meaning of that Act.</content></subsection><subsection eId="section-29-13"><num>(13)</num><content>“<term refersTo="#term-the-fca" eId="term-the-fca">The FCA</term>” means the Financial Conduct Authority.</content></subsection></section><section eId="section-30"><num>30</num><heading>PPI claims: interim restriction on charges before transfer of regulation to FCA</heading><subsection eId="section-30-1"><num>(1)</num><intro>A regulated person —</intro><level class="para1" eId="section-30-1-a"><num>(a)</num><content>must not charge a claimant, for regulated claims management services provided in connection with the claimant's PPI claim, an amount which exceeds the fee cap for the claim, and</content></level><level class="para1" eId="section-30-1-b"><num>(b)</num><content>must not enter into an agreement that provides for the payment by a claimant, for regulated claims management services provided in connection with the claimant's PPI claim, of charges which would breach, or are capable of breaching, the prohibition in paragraph (a).</content></level></subsection><subsection eId="section-30-2"><num>(2)</num><intro>A breach of either of those prohibitions is not actionable as a breach of statutory duty; but—</intro><level class="para1" eId="section-30-2-a"><num>(a)</num><content>any payment in excess of the fee cap for a PPI claim is recoverable by the claimant, and</content></level><level class="para1" eId="section-30-2-b"><num>(b)</num><content>any agreement entered into in breach of subsection (1)(b) is not enforceable to the extent it provides for a payment that breaches or is capable of breaching the prohibition in subsection (1)(a).</content></level></subsection><subsection eId="section-30-3"><num>(3)</num><content>In subsection (2) “<term refersTo="#term-payment" eId="term-payment">payment</term>” means a payment of charges for regulated claims management services provided in connection with the claim.</content></subsection><subsection eId="section-30-4"><num>(4)</num><intro>A relevant regulator—</intro><level class="para1" eId="section-30-4-a"><num>(a)</num><content>must ensure that it has appropriate arrangements for monitoring and enforcing the prohibitions in subsection (1) as they apply to the regulated persons for whom it is the relevant regulator;</content></level><level class="para1" eId="section-30-4-b"><num>(b)</num><content>may make rules for the purposes of doing so (which may include provision applying, in relation to breaches of a prohibition in subsection (1), functions the relevant regulator has in relation to breaches of another restriction).</content></level></subsection><subsection eId="section-30-5"><num>(5)</num><intro>For the purposes of this section—</intro><level class="para1" eId="section-30-5-a"><num>(a)</num><intro>“<term refersTo="#term-regulated-person" eId="term-regulated-person">regulated person</term>” means—</intro><level class="para2" eId="section-30-5-a-i"><num>(i)</num><content>a person who falls within any category of regulated person specified in column 2 below, or</content></level><level class="para2" eId="section-30-5-a-ii"><num>(ii)</num><content>any person not within sub-paragraph (i) who, by virtue of article 4 of the Compensation (Exemptions) Order 2007 (<abbr class="acronym" title="Statutory Instrument">S.I.</abbr> 2007/209), is not prevented by section 4(1) of the Compensation Act 2006 from providing regulated claims management services;</content></level></level><level class="para1" eId="section-30-5-b"><num>(b)</num><content>“<term refersTo="#term-relevant-regulator" eId="term-relevant-regulator">relevant regulator</term>” means a person listed in column 1 below; and</content></level><level class="para1" eId="section-30-5-c"><num>(c)</num><content>the regulated persons for whom a person listed in column 1 below is the relevant regulator are described in the corresponding entry or entries in column 2.</content></level><wrapUp><tblock class="table" ukl:Orientation="portrait"><foreign><xhtml:table xmlns:xhtml="http://www.w3.org/1999/xhtml" xmlns="http://www.legislation.gov.uk/namespaces/legislation"><xhtml:colgroup><xhtml:col style="width:48%"/><xhtml:col style="width:52%"/></xhtml:colgroup><xhtml:tbody><xhtml:tr><xhtml:th>Relevant regulator</xhtml:th><xhtml:th>Regulated persons</xhtml:th></xhtml:tr><xhtml:tr><xhtml:td>The Regulator</xhtml:td><xhtml:td>Persons authorised to provide regulated claims management services under section 5(1)(a) of the Compensation Act 2006.</xhtml:td></xhtml:tr><xhtml:tr><xhtml:td>The General Council of the Bar</xhtml:td><xhtml:td><level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="d25e4725"><num>1</num><content>Persons who, or licensable bodies which, are authorised by the General Council to carry on a reserved legal activity.</content></level><level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="d25e4731"><num>2</num><content>European lawyers registered with the General Council under the European Communities (Lawyer's Practice) Regulations 2000 (<abbr class="acronym" title="Statutory Instrument">S.I.</abbr> 2000/1119) <ins class="first last" ukl:ChangeId="key-6f25500c0291b4c06b59ef0fc02bbf96-1637515549793" ukl:CommentaryRef="key-6f25500c0291b4c06b59ef0fc02bbf96"><noteRef uk:name="commentary" href="#key-6f25500c0291b4c06b59ef0fc02bbf96" class="commentary"/>, as they have effect by virtue of regulation 6 of the Services of Lawyers and Lawyer’s Practice (Revocation etc.) (EU Exit) Regulations 2020</ins>.</content></level></xhtml:td></xhtml:tr><xhtml:tr><xhtml:td>The Law Society of England and Wales</xhtml:td><xhtml:td><level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="d25e4747"><num>1</num><content>Persons who, or licensable bodies which, are authorised by the Law Society to carry on a reserved legal activity.</content></level><level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="d25e4753"><num>2</num><content>European lawyers registered with the Law Society under the European Communities (Lawyer's Practice) Regulations 2000 <ins class="first last" ukl:ChangeId="key-912796e1d8b1f634d1708da753e26d16-1637515671571" ukl:CommentaryRef="key-912796e1d8b1f634d1708da753e26d16"><noteRef uk:name="commentary" href="#key-912796e1d8b1f634d1708da753e26d16" class="commentary"/>, as they have effect by virtue of regulation 6 of the Services of Lawyers and Lawyer’s Practice (Revocation etc.) (EU Exit) Regulations 2020</ins>.</content></level><level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="d25e4762"><num>3</num><content>Foreign lawyers registered with the Law Society under section 89 of the Courts and Legal Services Act 1990.</content></level></xhtml:td></xhtml:tr><xhtml:tr><xhtml:td>The Chartered Institute of Legal Executives</xhtml:td><xhtml:td>Persons authorised by the Institute to carry on a reserved legal activity.</xhtml:td></xhtml:tr></xhtml:tbody></xhtml:table></foreign></tblock></wrapUp></subsection><subsection eId="section-30-6"><num>(6)</num><content>In column 1 “<term refersTo="#term-the-regulator" eId="term-the-regulator">the Regulator</term>” means the person designated under section 5(1) of the Compensation Act 2006, or, if no person is so designated, the Secretary of State.</content></subsection><subsection eId="section-30-7"><num>(7)</num><content>In column 2 “<term refersTo="#term-reserved-legal-activity" eId="term-reserved-legal-activity">reserved legal activity</term>” has the meaning given by section 12 of the Legal Services Act 2007.</content></subsection><subsection eId="section-30-8"><num>(8)</num><intro>This section applies as follows—</intro><level class="para1" eId="section-30-8-a"><num>(a)</num><content>the prohibition in subsection (1)(a) applies only to charges imposed under an agreement entered into during the first interim period, and</content></level><level class="para1" eId="section-30-8-b"><num>(b)</num><content>the prohibition in subsection (1)(b) applies only to agreements entered into during that period.</content></level></subsection><subsection eId="section-30-9"><num>(9)</num><intro>In subsection (8) “the first interim period” is the period—</intro><level class="para1" eId="section-30-9-a"><num>(a)</num><content>beginning with the day on which this section comes into force, and</content></level><level class="para1" eId="section-30-9-b"><num>(b)</num><content>ending with the day before the day on which the first section 22(1B) specified activity provisions come into force for (or for purposes which include) the purposes of the general prohibition in section 19 of the Financial Services and Markets Act 2000.</content></level></subsection></section><section eId="section-31"><num>31</num><heading>PPI claims: interim restriction on charges imposed by authorised persons after transfer of regulation to FCA</heading><subsection eId="section-31-1"><num>(1)</num><intro>The rule specified in subsection (2) is to be treated for the purposes of the Financial Services and Markets Act 2000 as if—</intro><level class="para1" eId="section-31-1-a"><num>(a)</num><content>the rule were a general rule made by the FCA under section 137A of that Act, and</content></level><level class="para1" eId="section-31-1-b"><num>(b)</num><content>this section were contained in that Act;</content></level><wrapUp>and accordingly functions conferred on the FCA by that Act which apply in relation to general rules made under section 137A apply to that rule as they apply to other general rules made under that section.</wrapUp></subsection><subsection eId="section-31-2"><num>(2)</num><intro>The rule is that an authorised person—</intro><level class="para1" eId="section-31-2-a"><num>(a)</num><content>must not charge a claimant, for a service which is a regulated claims management activity provided in connection with the claimant's PPI claim, an amount which exceeds the fee cap for the claim, and</content></level><level class="para1" eId="section-31-2-b"><num>(b)</num><content>must not enter into an agreement that provides for the payment by a claimant, for a service which is a regulated claims management activity provided in connection with the claimant's PPI claim, of charges which would breach, or are capable of breaching, the prohibition in paragraph (a).</content></level></subsection><subsection eId="section-31-3"><num>(3)</num><intro>A breach of either of those prohibitions is not actionable as a breach of statutory duty (despite section 138D(2) of the Financial Services and Markets Act 2000); but—</intro><level class="para1" eId="section-31-3-a"><num>(a)</num><content>any payment in excess of the fee cap for a PPI claim is recoverable by the claimant, and</content></level><level class="para1" eId="section-31-3-b"><num>(b)</num><content>any agreement entered into in breach of the prohibition in subsection (2)(b) is not enforceable to the extent it provides for a payment that breaches or is capable of breaching the prohibition in subsection (2)(a).</content></level></subsection><subsection eId="section-31-4"><num>(4)</num><content>In subsection (3) “<term refersTo="#term-payment" eId="term-payment">payment</term>” means a payment of charges for a service which is a regulated claims management activity provided in connection with the claim.</content></subsection><subsection eId="section-31-5"><num>(5)</num><intro>The rule in subsection (2) applies as follows—</intro><level class="para1" eId="section-31-5-a"><num>(a)</num><content>the prohibition in paragraph (a) applies only to charges imposed under an agreement which is entered into during the second interim period, and</content></level><level class="para1" eId="section-31-5-b"><num>(b)</num><content>the prohibition in paragraph (b) applies only to agreements entered into during that period.</content></level></subsection><subsection eId="section-31-6"><num>(6)</num><intro>In subsection (5) “the second interim period” is the period—</intro><level class="para1" eId="section-31-6-a"><num>(a)</num><content>beginning with the day on which the first section 22(1B) specified activity provisions come into force for (or for purposes which include) the purposes of the general prohibition in section 19 of the Financial Services and Markets Act 2000, and</content></level><level class="para1" eId="section-31-6-b"><num>(b)</num><content>ending with the day before the coming into force of the first relevant general rule made by the FCA (whether for all purposes or for any specific purpose).</content></level></subsection><subsection eId="section-31-7"><num>(7)</num><intro>In subsection (6)(b) “<term refersTo="#term-relevant-general-rule" eId="term-relevant-general-rule">relevant general rule</term>” means a general rule that—</intro><level class="para1" eId="section-31-7-a"><num>(a)</num><content>is made under subsection (1) of section 137FD of the Financial Services and Markets Act 2000 (as inserted by this Act), and</content></level><level class="para1" eId="section-31-7-b"><num>(b)</num><content>applies to, or to any description of, PPI claims (whether or not it also applies to anything else).</content></level></subsection><subsection eId="section-31-8"><num>(8)</num><content>In this section “<term refersTo="#term-authorised-person" eId="term-authorised-person">authorised person</term>” has the same meaning as in the Financial Services and Markets Act 2000 (see section 31(2) of that Act).</content></subsection></section><section eId="section-32"><num>32</num><heading>PPI claims: interim restriction on charges imposed by legal practitioners after transfer of regulation to FCA</heading><subsection eId="section-32-1"><num>(1)</num><intro>A legal practitioner—</intro><level class="para1" eId="section-32-1-a"><num>(a)</num><content>must not charge a claimant, for a service which is a relevant claims management activity provided in connection with the claimant's PPI claim, an amount which exceeds the fee cap for the claim, and</content></level><level class="para1" eId="section-32-1-b"><num>(b)</num><content>must not enter into an agreement that provides for the payment by a claimant, for a service which is a relevant claims management activity provided in connection with the claimant's PPI claim, of charges which would breach, or are capable of breaching, the prohibition in paragraph (a).</content></level></subsection><subsection eId="section-32-2"><num>(2)</num><intro>Subsections (2) to (5) and (7) of section 30 apply for the purposes of the prohibitions in subsection (1) as they apply for the purposes of the prohibitions in section 30(1) but as if—</intro><level class="para1" eId="section-32-2-a"><num>(a)</num><content>references in those subsections to “regulated claims management services” were references to “relevant claims management activity” and references to “regulated persons” were references to “legal practitioners”, and</content></level><level class="para1" eId="section-32-2-b"><num>(b)</num><content>the first entry in columns 1 and 2 of the table in subsection (5) were omitted.</content></level></subsection><subsection eId="section-32-3"><num>(3)</num><intro>Subsection (1) applies as follows—</intro><level class="para1" eId="section-32-3-a"><num>(a)</num><intro>the prohibition in subsection (1)(a) applies only to charges imposed by a legal practitioner under an agreement entered into during the period—</intro><level class="para2" eId="section-32-3-a-i"><num>(i)</num><content>beginning with the first day of the second interim period (within the meaning given by section 31(6)), and</content></level><level class="para2" eId="section-32-3-a-ii"><num>(ii)</num><content>ending with the end date for that practitioner, and</content></level></level><level class="para1" eId="section-32-3-b"><num>(b)</num><content>the prohibition in subsection (1)(b) applies only to agreements entered into by a legal practitioner during that period.</content></level></subsection><subsection eId="section-32-4"><num>(4)</num><intro>For the purposes of subsection (3), the end date is—</intro><level class="para1" eId="section-32-4-a"><num>(a)</num><content>for a legal practitioner for whom the relevant regulator is the Law Society of England and Wales, the day before the coming into force of the first rule made by the Law Society of England and Wales under section 33 that applies to, or to any description of, PPI claims, and</content></level><level class="para1" eId="section-32-4-b"><num>(b)</num><content>for any other legal practitioner, 29 April 2020.</content></level></subsection><subsection eId="section-32-5"><num>(5)</num><intro>In this section “relevant claims management activity”—</intro><level class="para1" eId="section-32-5-a"><num>(a)</num><content>does not include any reserved legal activities of the kind mentioned in section 12(1)(a) or (b) of the Legal Services Act 2007 (exercise of a right of audience or the conduct of litigation), but</content></level><level class="para1" eId="section-32-5-b"><num>(b)</num><content>otherwise, means activity of a kind specified in an order under section 22(1B) of the Financial Services and Markets Act 2000 (regulated activities: claims management services), disregarding any exemption in that order for activities carried on by, through, or at the direction of, a legal practitioner.</content></level></subsection></section><section eId="section-33"><num>33</num><heading>Legal services regulators' rules: charges for claims management services</heading><subsection eId="section-33-1"><num>(1)</num><intro>The Law Society of England and Wales, the General Council of the Bar and the Chartered Institute of Legal Executives may make rules prohibiting regulated persons from—</intro><level class="para1" eId="section-33-1-a"><num>(a)</num><content>entering into a specified relevant claims management agreement that provides for the payment by a person of specified charges, and</content></level><level class="para1" eId="section-33-1-b"><num>(b)</num><content>imposing specified charges on a person in connection with the provision of a service which is, or which is provided in connection with, a specified relevant claims management activity.</content></level></subsection><subsection eId="section-33-2"><num>(2)</num><content>The Law Society of England and Wales must exercise that power to make rules in relation to all relevant claims management agreements, and all relevant claims management activities, which concern claims in relation to financial products or services.</content></subsection><subsection eId="section-33-3"><num>(3)</num><intro>The Law Society of Scotland may make rules prohibiting regulated persons from—</intro><level class="para1" eId="section-33-3-a"><num>(a)</num><content>entering into a relevant claims management agreement concerning a claim in relation to a financial product or service that provides for the payment by a person of specified charges, and</content></level><level class="para1" eId="section-33-3-b"><num>(b)</num><content>imposing specified charges on a person in connection with the provision of a service which is, or which is provided in connection with, a relevant claims management activity concerning a claim in relation to a financial product or service.</content></level></subsection><subsection eId="section-33-4"><num>(4)</num><content>Rules under this section may make provision securing that for the purposes of the prohibition referred to in subsection (1)(a) or (3)(a) charges payable under a relevant claims management agreement are to be treated as including charges payable under an agreement treated by the rules as being connected with the relevant claims management agreement.</content></subsection><subsection eId="section-33-5"><num>(5)</num><intro>In this section “<term refersTo="#term-regulated-persons" eId="term-regulated-persons">regulated persons</term>” means—</intro><level class="para1" eId="section-33-5-a"><num>(a)</num><intro>in relation to the Law Society of England and Wales—</intro><level class="para2" eId="section-33-5-a-i"><num>(i)</num><content>persons who, or licensable bodies which, are authorised by the Law Society to carry on a reserved legal activity,</content></level><level class="para2" eId="section-33-5-a-ii"><num>(ii)</num><content>European lawyers registered with the Law Society under the European Communities (Lawyer's Practice) Regulations 2000 (<abbr class="acronym" title="Statutory Instrument">S.I.</abbr> 2000/1119) <ins class="first last" ukl:ChangeId="key-c7dfb9db6381594a1aed65b5bdd40639-1637523742543" ukl:CommentaryRef="key-c7dfb9db6381594a1aed65b5bdd40639"><noteRef uk:name="commentary" href="#key-c7dfb9db6381594a1aed65b5bdd40639" class="commentary"/>, as they have effect by virtue of regulation 6 of the Services of Lawyers and Lawyer’s Practice (Revocation etc.) (EU Exit) Regulations 2020</ins>, and</content></level><level class="para2" eId="section-33-5-a-iii"><num>(iii)</num><content>foreign lawyers registered with the Law Society under section 89 of the Courts and Legal Services Act 1990;</content></level></level><level class="para1" eId="section-33-5-b"><num>(b)</num><content>in relation to the Law Society of Scotland, Scottish legal practitioners;</content></level><level class="para1" eId="section-33-5-c"><num>(c)</num><intro>in relation to the General Council of the Bar—</intro><level class="para2" eId="section-33-5-c-i"><num>(i)</num><content>persons who, or licensable bodies which, are authorised by the General Council to carry on a reserved legal activity, and</content></level><level class="para2" eId="section-33-5-c-ii"><num>(ii)</num><content>European lawyers registered with the General Council under the European Communities (Lawyer's Practice) Regulations 2000 <ins class="first last" ukl:ChangeId="key-a93baf4d3c93c55f66a4bda3a3621b61-1637523873324" ukl:CommentaryRef="key-a93baf4d3c93c55f66a4bda3a3621b61"><noteRef uk:name="commentary" href="#key-a93baf4d3c93c55f66a4bda3a3621b61" class="commentary"/>, as they have effect by virtue of regulation 6 of the Services of Lawyers and Lawyer’s Practice (Revocation etc.) (EU Exit) Regulations 2020</ins>;</content></level></level><level class="para1" eId="section-33-5-d"><num>(d)</num><content>in relation to the Chartered Institute of Legal Executives, persons authorised by the Institute to carry on a reserved legal activity.</content></level></subsection><subsection eId="section-33-6"><num>(6)</num><content>The rules must be made with a view to securing an appropriate degree of protection against excessive charges for the provision of a service which is, or which is provided in connection with, a relevant claims management activity.</content></subsection><subsection eId="section-33-7"><num>(7)</num><content>The rules may specify charges by reference to charges of a specified class or description, or by reference to charges which exceed, or are capable of exceeding, a specified amount.</content></subsection><subsection eId="section-33-8"><num>(8)</num><intro>The rules may not specify—</intro><level class="para1" eId="section-33-8-a"><num>(a)</num><content>charges for a reserved legal activity within the meaning of the Legal Services Act 2007 (see section 12 of that Act);</content></level><level class="para1" eId="section-33-8-b"><num>(b)</num><intro>charges imposed in respect of—</intro><level class="para2" eId="section-33-8-b-i"><num>(i)</num><content>the exercise of a right of audience by a Scottish legal practitioner;</content></level><level class="para2" eId="section-33-8-b-ii"><num>(ii)</num><content>the conduct of litigation by a Scottish legal practitioner.</content></level></level></subsection><subsection eId="section-33-9"><num>(9)</num><intro>In subsection (8)(b)—</intro><hcontainer name="definition"><intro>“<term refersTo="#term-conduct-of-litigation" eId="term-conduct-of-litigation">conduct of litigation</term>” means—</intro><level class="para1"><num>(a)</num><content>the bringing of proceedings before any court in Scotland;</content></level><level class="para1"><num>(b)</num><content>the commencement, prosecution and defence of such proceedings;</content></level><level class="para1"><num>(c)</num><content>the performance of any ancillary functions in relation to such proceedings;</content></level></hcontainer><hcontainer name="definition"><content>“<term refersTo="#term-right-of-audience" eId="term-right-of-audience">right of audience</term>” means the right to appear before and address a court in Scotland, including the right to call and examine witnesses.</content></hcontainer></subsection><subsection eId="section-33-10"><num>(10)</num><intro>In relation to an agreement entered into, or charge imposed, in contravention of the rules, the rules may (amongst other things)—</intro><level class="para1" eId="section-33-10-a"><num>(a)</num><content>provide for the agreement, or obligation to pay the charge, to be unenforceable or unenforceable to a specified extent;</content></level><level class="para1" eId="section-33-10-b"><num>(b)</num><content>provide for the recovery of amounts paid under the agreement or obligation;</content></level><level class="para1" eId="section-33-10-c"><num>(c)</num><content>provide for the payment of compensation for any losses incurred as a result of paying amounts under the agreement or obligation.</content></level></subsection><subsection eId="section-33-11"><num>(11)</num><intro>For the purposes of this section—</intro><hcontainer name="definition"><content>“<term refersTo="#term-relevant-claims-management-activity" eId="term-relevant-claims-management-activity">relevant claims management activity</term>” means activity of a kind specified in an order under section 22(1B) of the Financial Services and Markets Act 2000 (regulated activities: claims management services), disregarding any exemption in that order for activities carried on by, through, or at the direction of, a legal practitioner;</content></hcontainer><hcontainer name="definition"><content>“<term refersTo="#term-relevant-claims-management-agreement" eId="term-relevant-claims-management-agreement">relevant claims management agreement</term>” means an agreement, the entering into or performance of which by either party is a relevant claims management activity;</content></hcontainer><hcontainer name="definition"><intro>“<term refersTo="#term-scottish-legal-practitioner" eId="term-scottish-legal-practitioner">Scottish legal practitioner</term>” means—</intro><level class="para1"><num>(a)</num><content>a person qualified to practise as a solicitor in accordance with section 4 of the Solicitors (Scotland) Act 1980;</content></level><level class="para1"><num>(b)</num><content>European lawyers registered with the Law Society of Scotland under the European Communities (Lawyer's Practice) (Scotland) Regulations 2000 (<abbr class="acronym" title="Scottish Statutory Instrument">S.S.I.</abbr> 2000/121);</content></level><level class="para1"><num>(c)</num><content>foreign lawyers registered with the Law Society of Scotland under section 60A of the Solicitors (Scotland) Act 1980;</content></level><level class="para1"><num>(d)</num><content>an incorporated practice within the meaning given by section 34(1A)(c) of the Solicitors (Scotland) Act 1980;</content></level><level class="para1"><num>(e)</num><content>a licensed legal services provider within the meaning of Part 2 of the Legal Services (Scotland) Act 2010 (see section 47 of that Act) that provides, or offers to provide, legal services under a licence issued by the Law Society of Scotland;</content></level></hcontainer><hcontainer name="definition"><content>“<term refersTo="#term-specified" eId="term-specified">specified</term>” means specified in the rules, but “<term refersTo="#term-specified-amount" eId="term-specified-amount">specified amount</term>” means an amount specified in or determined in accordance with the rules.</content></hcontainer></subsection><subsection eId="section-33-12"><num>(12)</num><content>This section does not limit any power of the Law Society of England and Wales, the Law Society of Scotland, the General Council of the Bar or the Chartered Institute of Legal Executives existing apart from this section to make rules.</content></subsection></section><section eId="section-34"><num>34</num><heading>Extension of power of the Law Society of Scotland to make rules</heading><subsection eId="section-34-1"><num>(1)</num><intro>The Treasury may by regulations amend section 33 for the purpose of extending the power in subsection (3) of that section so as to apply to—</intro><level class="para1" eId="section-34-1-a"><num>(a)</num><content>all relevant claims management agreements;</content></level><level class="para1" eId="section-34-1-b"><num>(b)</num><content>all relevant claims management activity;</content></level><level class="para1" eId="section-34-1-c"><num>(c)</num><content>any description of relevant claims management agreement;</content></level><level class="para1" eId="section-34-1-d"><num>(d)</num><content>any description of relevant claims management activity.</content></level></subsection><subsection eId="section-34-2"><num>(2)</num><content>The Treasury must obtain the consent of the Scottish Ministers before making regulations under subsection (1).</content></subsection><subsection eId="section-34-3"><num>(3)</num><intro>Regulations under this section—</intro><level class="para1" eId="section-34-3-a"><num>(a)</num><content>are to be made by statutory instrument;</content></level><level class="para1" eId="section-34-3-b"><num>(b)</num><content>may make incidental, supplemental or consequential provision.</content></level></subsection><subsection eId="section-34-4"><num>(4)</num><content>A statutory instrument containing regulations under this section may not be made unless a draft of the instrument has been laid before and approved by a resolution of each House of Parliament.</content></subsection></section></hcontainer>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-28-1"><num>(1)</num><content>The Financial Services and Markets Act 2000 is amended as set out in subsections (2) and (3).</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" eId="section-28-2"><num>(2)</num><content><mod>After section 137FC (inserted by section 20) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="default"><section><num>137FD</num><heading>FCA general rules: charges for claims management services</heading><subsection><num>(1)</num><intro>The power of the FCA to make general rules includes power to make rules prohibiting authorised persons from—</intro><level class="para1"><num>(a)</num><content>entering into a specified regulated claims management agreement that provides for the payment by a person of charges which, taken with charges payable under an agreement treated by the rules as being connected with the regulated claims management agreement (if any), are specified charges, and</content></level><level class="para1"><num>(b)</num><content>imposing specified charges on a person in connection with the provision of a service which is, or which is provided in connection with, a specified regulated claims management activity.</content></level></subsection><subsection><num>(2)</num><content>The FCA must make rules by virtue of subsection (1) in relation to all regulated claims management agreements, and all regulated claims management activities, which concern claims in relation to financial products or services.</content></subsection><subsection><num>(3)</num><content>The rules must be made with a view to securing an appropriate degree of protection against excessive charges for the provision of a service which is, or which is provided in connection with, a regulated claims management activity.</content></subsection><subsection><num>(4)</num><content>The rules may specify charges by reference to charges of a specified class or description, or by reference to charges which exceed, or are capable of exceeding, a specified amount.</content></subsection><subsection><num>(5)</num><intro>In relation to an agreement entered into, or charge imposed, in contravention of the rules, the rules may (amongst other things)—</intro><level class="para1"><num>(a)</num><content>provide for the agreement, or obligation to pay the charge, to be unenforceable or unenforceable to a specified extent;</content></level><level class="para1"><num>(b)</num><content>provide for the recovery of amounts paid under the agreement or obligation;</content></level><level class="para1"><num>(c)</num><content>provide for the payment of compensation for any losses incurred as a result of paying amounts under the agreement or obligation.</content></level></subsection><subsection><num>(6)</num><content>The provision that may be made under subsection (5) includes provision corresponding to that made by section 30 (enforceability of agreements resulting from unlawful communications).</content></subsection><subsection><num>(7)</num><intro>In this section—</intro><level class="para1"><num>(a)</num><content>“<term refersTo="#term-regulated-claims-management-agreement">regulated claims management agreement</term>” means an agreement, the entering into or performing of which by either party is a regulated claims management activity, and</content></level><level class="para1"><num>(b)</num><content>“<term refersTo="#term-specified">specified</term>” means specified in the rules, but “<term refersTo="#term-specified-amount">specified amount</term>” means an amount specified in or determined in accordance with the rules.</content></level></subsection></section></quotedStructure></mod></content></subsection>

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-29"><num>29</num><heading>PPI claims and charges for claims management services: general</heading><subsection eId="section-29-1"><num>(1)</num><content>This section and sections 30 to 32 make provision for a fee cap to apply in certain circumstances to charges for regulated services provided in connection with a PPI claim.</content></subsection><subsection eId="section-29-2"><num>(2)</num><content>The following provisions explain terms used in those sections.</content></subsection><subsection eId="section-29-3"><num>(3)</num><content>The fee cap applicable to the amount charged for regulated services provided in connection with a PPI claim is 20% of the amount recovered for the claimant in satisfaction of the claim.Accordingly, where nothing is recovered (whether or not a claim has been made or concluded) the fee cap is zero.</content></subsection><subsection eId="section-29-4"><num>(4)</num><intro>But the charging of a reasonable amount for work done for the claimant is not to be regarded as exceeding the fee cap for a PPI claim if—</intro><level class="para1" eId="section-29-4-a"><num>(a)</num><content>the amount is charged for regulated services provided in connection with the claim,</content></level><level class="para1" eId="section-29-4-b"><num>(b)</num><content>no other amount is charged for those services,</content></level><level class="para1" eId="section-29-4-c"><num>(c)</num><content>the claimant has terminated the agreement governing the provision of such services (whether before or after the making of a claim), and</content></level><level class="para1" eId="section-29-4-d"><num>(d)</num><content>the termination was not achieved by the cancellation of the agreement during a cooling off period available to the claimant by right (whether conferred by the agreement or otherwise).</content></level></subsection><subsection eId="section-29-5"><num>(5)</num><content>References to a claim are to a claim (however described) seeking compensation, restitution, repayment or any other financial remedy or relief, whether or not the claim is made or could be made by way of legal proceedings.</content></subsection><subsection eId="section-29-6"><num>(6)</num><content>References to the amount charged for regulated services provided in connection with a PPI claim are references to a sum comprising all amounts charged for such services in connection with the claim (whether or not charged under a single agreement), exclusive of VAT.</content></subsection><subsection eId="section-29-7"><num>(7)</num><intro>References to the amount recovered for the claimant, in relation to a PPI claim, include a reference to any amount which (instead of being paid to or to the order of the claimant)—</intro><level class="para1" eId="section-29-7-a"><num>(a)</num><content>is set off against a debt due from the claimant to the person against whom the claim is made, or</content></level><level class="para1" eId="section-29-7-b"><num>(b)</num><content>is paid to any person other than the claimant (whether a person providing regulated services in connection with the claim or any other person) with a view to discharging the whole or part of a debt due from the claimant.</content></level></subsection><subsection eId="section-29-8"><num>(8)</num><intro>In this section references to regulated services are—</intro><level class="para1" eId="section-29-8-a"><num>(a)</num><content>so far as relevant for the purposes of section 30, to be read as referring to regulated claims management services,</content></level><level class="para1" eId="section-29-8-b"><num>(b)</num><content>so far as relevant for the purposes of section 31, to be read as referring to any service which is a regulated claims management activity, and</content></level><level class="para1" eId="section-29-8-c"><num>(c)</num><content>so far as relevant for the purposes of section 32, to be read as referring to any service which is a relevant claims management activity (within the meaning given by subsection (5) of that section).</content></level></subsection><subsection eId="section-29-9"><num>(9)</num><content>“<term refersTo="#term-ppi-claim" eId="term-ppi-claim">PPI claim</term>” means a claim relating to the selling of payment protection insurance (whether it concerns amounts paid by the policyholder or otherwise).</content></subsection><subsection eId="section-29-10"><num>(10)</num><intro>“Regulated claims management services”—</intro><level class="para1" eId="section-29-10-a"><num>(a)</num><content>does not include any reserved legal activities of the kind mentioned in section 12(1)(a) or (b) of the Legal Services Act 2007 (exercise of a right of audience or the conduct of litigation), but</content></level><level class="para1" eId="section-29-10-b"><num>(b)</num><content>otherwise, has the same meaning as in the Compensation Act 2006 (see section 14 of that Act).</content></level></subsection><subsection eId="section-29-11"><num>(11)</num><content>“<term refersTo="#term-regulated-claims-management-activity" eId="term-regulated-claims-management-activity">Regulated claims management activity</term>” has the same meaning as in the Financial Services and Markets Act 2000 (see the definition inserted by this Act in section 417(1) of that Act).</content></subsection><subsection eId="section-29-12"><num>(12)</num><content>“<term refersTo="#term-section-221b-specified-activity-provisions" eId="term-section-221b-specified-activity-provisions">Section 22(1B) specified activity provisions</term>” means provisions of an order made under section 22(1B) of the Financial Services and Markets Act 2000 (as inserted by this Act) which specify a kind of activity as a regulated activity within the meaning of that Act.</content></subsection><subsection eId="section-29-13"><num>(13)</num><content>“<term refersTo="#term-the-fca" eId="term-the-fca">The FCA</term>” means the Financial Conduct Authority.</content></subsection></section>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-29-1"><num>(1)</num><content>This section and sections 30 to 32 make provision for a fee cap to apply in certain circumstances to charges for regulated services provided in connection with a PPI claim.</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-29-2"><num>(2)</num><content>The following provisions explain terms used in those sections.</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-29-3"><num>(3)</num><content>The fee cap applicable to the amount charged for regulated services provided in connection with a PPI claim is 20% of the amount recovered for the claimant in satisfaction of the claim.Accordingly, where nothing is recovered (whether or not a claim has been made or concluded) the fee cap is zero.</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-29-4"><num>(4)</num><intro>But the charging of a reasonable amount for work done for the claimant is not to be regarded as exceeding the fee cap for a PPI claim if—</intro><level class="para1" eId="section-29-4-a"><num>(a)</num><content>the amount is charged for regulated services provided in connection with the claim,</content></level><level class="para1" eId="section-29-4-b"><num>(b)</num><content>no other amount is charged for those services,</content></level><level class="para1" eId="section-29-4-c"><num>(c)</num><content>the claimant has terminated the agreement governing the provision of such services (whether before or after the making of a claim), and</content></level><level class="para1" eId="section-29-4-d"><num>(d)</num><content>the termination was not achieved by the cancellation of the agreement during a cooling off period available to the claimant by right (whether conferred by the agreement or otherwise).</content></level></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-29-5"><num>(5)</num><content>References to a claim are to a claim (however described) seeking compensation, restitution, repayment or any other financial remedy or relief, whether or not the claim is made or could be made by way of legal proceedings.</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-29-6"><num>(6)</num><content>References to the amount charged for regulated services provided in connection with a PPI claim are references to a sum comprising all amounts charged for such services in connection with the claim (whether or not charged under a single agreement), exclusive of VAT.</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-29-7"><num>(7)</num><intro>References to the amount recovered for the claimant, in relation to a PPI claim, include a reference to any amount which (instead of being paid to or to the order of the claimant)—</intro><level class="para1" eId="section-29-7-a"><num>(a)</num><content>is set off against a debt due from the claimant to the person against whom the claim is made, or</content></level><level class="para1" eId="section-29-7-b"><num>(b)</num><content>is paid to any person other than the claimant (whether a person providing regulated services in connection with the claim or any other person) with a view to discharging the whole or part of a debt due from the claimant.</content></level></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-29-8"><num>(8)</num><intro>In this section references to regulated services are—</intro><level class="para1" eId="section-29-8-a"><num>(a)</num><content>so far as relevant for the purposes of section 30, to be read as referring to regulated claims management services,</content></level><level class="para1" eId="section-29-8-b"><num>(b)</num><content>so far as relevant for the purposes of section 31, to be read as referring to any service which is a regulated claims management activity, and</content></level><level class="para1" eId="section-29-8-c"><num>(c)</num><content>so far as relevant for the purposes of section 32, to be read as referring to any service which is a relevant claims management activity (within the meaning given by subsection (5) of that section).</content></level></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-29-9"><num>(9)</num><content>“<term refersTo="#term-ppi-claim" eId="term-ppi-claim">PPI claim</term>” means a claim relating to the selling of payment protection insurance (whether it concerns amounts paid by the policyholder or otherwise).</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-29-10"><num>(10)</num><intro>“Regulated claims management services”—</intro><level class="para1" eId="section-29-10-a"><num>(a)</num><content>does not include any reserved legal activities of the kind mentioned in section 12(1)(a) or (b) of the Legal Services Act 2007 (exercise of a right of audience or the conduct of litigation), but</content></level><level class="para1" eId="section-29-10-b"><num>(b)</num><content>otherwise, has the same meaning as in the Compensation Act 2006 (see section 14 of that Act).</content></level></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-29-11"><num>(11)</num><content>“<term refersTo="#term-regulated-claims-management-activity" eId="term-regulated-claims-management-activity">Regulated claims management activity</term>” has the same meaning as in the Financial Services and Markets Act 2000 (see the definition inserted by this Act in section 417(1) of that Act).</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-29-12"><num>(12)</num><content>“<term refersTo="#term-section-221b-specified-activity-provisions" eId="term-section-221b-specified-activity-provisions">Section 22(1B) specified activity provisions</term>” means provisions of an order made under section 22(1B) of the Financial Services and Markets Act 2000 (as inserted by this Act) which specify a kind of activity as a regulated activity within the meaning of that Act.</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-29-13"><num>(13)</num><content>“<term refersTo="#term-the-fca" eId="term-the-fca">The FCA</term>” means the Financial Conduct Authority.</content></subsection>

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:xhtml="http://www.w3.org/1999/xhtml" eId="section-30"><num>30</num><heading>PPI claims: interim restriction on charges before transfer of regulation to FCA</heading><subsection eId="section-30-1"><num>(1)</num><intro>A regulated person —</intro><level class="para1" eId="section-30-1-a"><num>(a)</num><content>must not charge a claimant, for regulated claims management services provided in connection with the claimant's PPI claim, an amount which exceeds the fee cap for the claim, and</content></level><level class="para1" eId="section-30-1-b"><num>(b)</num><content>must not enter into an agreement that provides for the payment by a claimant, for regulated claims management services provided in connection with the claimant's PPI claim, of charges which would breach, or are capable of breaching, the prohibition in paragraph (a).</content></level></subsection><subsection eId="section-30-2"><num>(2)</num><intro>A breach of either of those prohibitions is not actionable as a breach of statutory duty; but—</intro><level class="para1" eId="section-30-2-a"><num>(a)</num><content>any payment in excess of the fee cap for a PPI claim is recoverable by the claimant, and</content></level><level class="para1" eId="section-30-2-b"><num>(b)</num><content>any agreement entered into in breach of subsection (1)(b) is not enforceable to the extent it provides for a payment that breaches or is capable of breaching the prohibition in subsection (1)(a).</content></level></subsection><subsection eId="section-30-3"><num>(3)</num><content>In subsection (2) “<term refersTo="#term-payment" eId="term-payment">payment</term>” means a payment of charges for regulated claims management services provided in connection with the claim.</content></subsection><subsection eId="section-30-4"><num>(4)</num><intro>A relevant regulator—</intro><level class="para1" eId="section-30-4-a"><num>(a)</num><content>must ensure that it has appropriate arrangements for monitoring and enforcing the prohibitions in subsection (1) as they apply to the regulated persons for whom it is the relevant regulator;</content></level><level class="para1" eId="section-30-4-b"><num>(b)</num><content>may make rules for the purposes of doing so (which may include provision applying, in relation to breaches of a prohibition in subsection (1), functions the relevant regulator has in relation to breaches of another restriction).</content></level></subsection><subsection eId="section-30-5"><num>(5)</num><intro>For the purposes of this section—</intro><level class="para1" eId="section-30-5-a"><num>(a)</num><intro>“<term refersTo="#term-regulated-person" eId="term-regulated-person">regulated person</term>” means—</intro><level class="para2" eId="section-30-5-a-i"><num>(i)</num><content>a person who falls within any category of regulated person specified in column 2 below, or</content></level><level class="para2" eId="section-30-5-a-ii"><num>(ii)</num><content>any person not within sub-paragraph (i) who, by virtue of article 4 of the Compensation (Exemptions) Order 2007 (<abbr class="acronym" title="Statutory Instrument">S.I.</abbr> 2007/209), is not prevented by section 4(1) of the Compensation Act 2006 from providing regulated claims management services;</content></level></level><level class="para1" eId="section-30-5-b"><num>(b)</num><content>“<term refersTo="#term-relevant-regulator" eId="term-relevant-regulator">relevant regulator</term>” means a person listed in column 1 below; and</content></level><level class="para1" eId="section-30-5-c"><num>(c)</num><content>the regulated persons for whom a person listed in column 1 below is the relevant regulator are described in the corresponding entry or entries in column 2.</content></level><wrapUp><tblock class="table" ukl:Orientation="portrait"><foreign><xhtml:table xmlns:xhtml="http://www.w3.org/1999/xhtml" xmlns="http://www.legislation.gov.uk/namespaces/legislation"><xhtml:colgroup><xhtml:col style="width:48%"/><xhtml:col style="width:52%"/></xhtml:colgroup><xhtml:tbody><xhtml:tr><xhtml:th>Relevant regulator</xhtml:th><xhtml:th>Regulated persons</xhtml:th></xhtml:tr><xhtml:tr><xhtml:td>The Regulator</xhtml:td><xhtml:td>Persons authorised to provide regulated claims management services under section 5(1)(a) of the Compensation Act 2006.</xhtml:td></xhtml:tr><xhtml:tr><xhtml:td>The General Council of the Bar</xhtml:td><xhtml:td><level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="d25e4725"><num>1</num><content>Persons who, or licensable bodies which, are authorised by the General Council to carry on a reserved legal activity.</content></level><level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="d25e4731"><num>2</num><content>European lawyers registered with the General Council under the European Communities (Lawyer's Practice) Regulations 2000 (<abbr class="acronym" title="Statutory Instrument">S.I.</abbr> 2000/1119) <ins class="first last" ukl:ChangeId="key-6f25500c0291b4c06b59ef0fc02bbf96-1637515549793" ukl:CommentaryRef="key-6f25500c0291b4c06b59ef0fc02bbf96"><noteRef uk:name="commentary" href="#key-6f25500c0291b4c06b59ef0fc02bbf96" class="commentary"/>, as they have effect by virtue of regulation 6 of the Services of Lawyers and Lawyer’s Practice (Revocation etc.) (EU Exit) Regulations 2020</ins>.</content></level></xhtml:td></xhtml:tr><xhtml:tr><xhtml:td>The Law Society of England and Wales</xhtml:td><xhtml:td><level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="d25e4747"><num>1</num><content>Persons who, or licensable bodies which, are authorised by the Law Society to carry on a reserved legal activity.</content></level><level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="d25e4753"><num>2</num><content>European lawyers registered with the Law Society under the European Communities (Lawyer's Practice) Regulations 2000 <ins class="first last" ukl:ChangeId="key-912796e1d8b1f634d1708da753e26d16-1637515671571" ukl:CommentaryRef="key-912796e1d8b1f634d1708da753e26d16"><noteRef uk:name="commentary" href="#key-912796e1d8b1f634d1708da753e26d16" class="commentary"/>, as they have effect by virtue of regulation 6 of the Services of Lawyers and Lawyer’s Practice (Revocation etc.) (EU Exit) Regulations 2020</ins>.</content></level><level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="d25e4762"><num>3</num><content>Foreign lawyers registered with the Law Society under section 89 of the Courts and Legal Services Act 1990.</content></level></xhtml:td></xhtml:tr><xhtml:tr><xhtml:td>The Chartered Institute of Legal Executives</xhtml:td><xhtml:td>Persons authorised by the Institute to carry on a reserved legal activity.</xhtml:td></xhtml:tr></xhtml:tbody></xhtml:table></foreign></tblock></wrapUp></subsection><subsection eId="section-30-6"><num>(6)</num><content>In column 1 “<term refersTo="#term-the-regulator" eId="term-the-regulator">the Regulator</term>” means the person designated under section 5(1) of the Compensation Act 2006, or, if no person is so designated, the Secretary of State.</content></subsection><subsection eId="section-30-7"><num>(7)</num><content>In column 2 “<term refersTo="#term-reserved-legal-activity" eId="term-reserved-legal-activity">reserved legal activity</term>” has the meaning given by section 12 of the Legal Services Act 2007.</content></subsection><subsection eId="section-30-8"><num>(8)</num><intro>This section applies as follows—</intro><level class="para1" eId="section-30-8-a"><num>(a)</num><content>the prohibition in subsection (1)(a) applies only to charges imposed under an agreement entered into during the first interim period, and</content></level><level class="para1" eId="section-30-8-b"><num>(b)</num><content>the prohibition in subsection (1)(b) applies only to agreements entered into during that period.</content></level></subsection><subsection eId="section-30-9"><num>(9)</num><intro>In subsection (8) “the first interim period” is the period—</intro><level class="para1" eId="section-30-9-a"><num>(a)</num><content>beginning with the day on which this section comes into force, and</content></level><level class="para1" eId="section-30-9-b"><num>(b)</num><content>ending with the day before the day on which the first section 22(1B) specified activity provisions come into force for (or for purposes which include) the purposes of the general prohibition in section 19 of the Financial Services and Markets Act 2000.</content></level></subsection></section>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-30-1"><num>(1)</num><intro>A regulated person —</intro><level class="para1" eId="section-30-1-a"><num>(a)</num><content>must not charge a claimant, for regulated claims management services provided in connection with the claimant's PPI claim, an amount which exceeds the fee cap for the claim, and</content></level><level class="para1" eId="section-30-1-b"><num>(b)</num><content>must not enter into an agreement that provides for the payment by a claimant, for regulated claims management services provided in connection with the claimant's PPI claim, of charges which would breach, or are capable of breaching, the prohibition in paragraph (a).</content></level></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-30-2"><num>(2)</num><intro>A breach of either of those prohibitions is not actionable as a breach of statutory duty; but—</intro><level class="para1" eId="section-30-2-a"><num>(a)</num><content>any payment in excess of the fee cap for a PPI claim is recoverable by the claimant, and</content></level><level class="para1" eId="section-30-2-b"><num>(b)</num><content>any agreement entered into in breach of subsection (1)(b) is not enforceable to the extent it provides for a payment that breaches or is capable of breaching the prohibition in subsection (1)(a).</content></level></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-30-3"><num>(3)</num><content>In subsection (2) “<term refersTo="#term-payment" eId="term-payment">payment</term>” means a payment of charges for regulated claims management services provided in connection with the claim.</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-30-4"><num>(4)</num><intro>A relevant regulator—</intro><level class="para1" eId="section-30-4-a"><num>(a)</num><content>must ensure that it has appropriate arrangements for monitoring and enforcing the prohibitions in subsection (1) as they apply to the regulated persons for whom it is the relevant regulator;</content></level><level class="para1" eId="section-30-4-b"><num>(b)</num><content>may make rules for the purposes of doing so (which may include provision applying, in relation to breaches of a prohibition in subsection (1), functions the relevant regulator has in relation to breaches of another restriction).</content></level></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" xmlns:xhtml="http://www.w3.org/1999/xhtml" eId="section-30-5"><num>(5)</num><intro>For the purposes of this section—</intro><level class="para1" eId="section-30-5-a"><num>(a)</num><intro>“<term refersTo="#term-regulated-person" eId="term-regulated-person">regulated person</term>” means—</intro><level class="para2" eId="section-30-5-a-i"><num>(i)</num><content>a person who falls within any category of regulated person specified in column 2 below, or</content></level><level class="para2" eId="section-30-5-a-ii"><num>(ii)</num><content>any person not within sub-paragraph (i) who, by virtue of article 4 of the Compensation (Exemptions) Order 2007 (<abbr class="acronym" title="Statutory Instrument">S.I.</abbr> 2007/209), is not prevented by section 4(1) of the Compensation Act 2006 from providing regulated claims management services;</content></level></level><level class="para1" eId="section-30-5-b"><num>(b)</num><content>“<term refersTo="#term-relevant-regulator" eId="term-relevant-regulator">relevant regulator</term>” means a person listed in column 1 below; and</content></level><level class="para1" eId="section-30-5-c"><num>(c)</num><content>the regulated persons for whom a person listed in column 1 below is the relevant regulator are described in the corresponding entry or entries in column 2.</content></level><wrapUp><tblock class="table" ukl:Orientation="portrait"><foreign><xhtml:table xmlns:xhtml="http://www.w3.org/1999/xhtml" xmlns="http://www.legislation.gov.uk/namespaces/legislation"><xhtml:colgroup><xhtml:col style="width:48%"/><xhtml:col style="width:52%"/></xhtml:colgroup><xhtml:tbody><xhtml:tr><xhtml:th>Relevant regulator</xhtml:th><xhtml:th>Regulated persons</xhtml:th></xhtml:tr><xhtml:tr><xhtml:td>The Regulator</xhtml:td><xhtml:td>Persons authorised to provide regulated claims management services under section 5(1)(a) of the Compensation Act 2006.</xhtml:td></xhtml:tr><xhtml:tr><xhtml:td>The General Council of the Bar</xhtml:td><xhtml:td><level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="d25e4725"><num>1</num><content>Persons who, or licensable bodies which, are authorised by the General Council to carry on a reserved legal activity.</content></level><level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="d25e4731"><num>2</num><content>European lawyers registered with the General Council under the European Communities (Lawyer's Practice) Regulations 2000 (<abbr class="acronym" title="Statutory Instrument">S.I.</abbr> 2000/1119) <ins class="first last" ukl:ChangeId="key-6f25500c0291b4c06b59ef0fc02bbf96-1637515549793" ukl:CommentaryRef="key-6f25500c0291b4c06b59ef0fc02bbf96"><noteRef uk:name="commentary" href="#key-6f25500c0291b4c06b59ef0fc02bbf96" class="commentary"/>, as they have effect by virtue of regulation 6 of the Services of Lawyers and Lawyer’s Practice (Revocation etc.) (EU Exit) Regulations 2020</ins>.</content></level></xhtml:td></xhtml:tr><xhtml:tr><xhtml:td>The Law Society of England and Wales</xhtml:td><xhtml:td><level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="d25e4747"><num>1</num><content>Persons who, or licensable bodies which, are authorised by the Law Society to carry on a reserved legal activity.</content></level><level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="d25e4753"><num>2</num><content>European lawyers registered with the Law Society under the European Communities (Lawyer's Practice) Regulations 2000 <ins class="first last" ukl:ChangeId="key-912796e1d8b1f634d1708da753e26d16-1637515671571" ukl:CommentaryRef="key-912796e1d8b1f634d1708da753e26d16"><noteRef uk:name="commentary" href="#key-912796e1d8b1f634d1708da753e26d16" class="commentary"/>, as they have effect by virtue of regulation 6 of the Services of Lawyers and Lawyer’s Practice (Revocation etc.) (EU Exit) Regulations 2020</ins>.</content></level><level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="d25e4762"><num>3</num><content>Foreign lawyers registered with the Law Society under section 89 of the Courts and Legal Services Act 1990.</content></level></xhtml:td></xhtml:tr><xhtml:tr><xhtml:td>The Chartered Institute of Legal Executives</xhtml:td><xhtml:td>Persons authorised by the Institute to carry on a reserved legal activity.</xhtml:td></xhtml:tr></xhtml:tbody></xhtml:table></foreign></tblock></wrapUp></subsection>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-30-5-a"><num>(a)</num><intro>“<term refersTo="#term-regulated-person" eId="term-regulated-person">regulated person</term>” means—</intro><level class="para2" eId="section-30-5-a-i"><num>(i)</num><content>a person who falls within any category of regulated person specified in column 2 below, or</content></level><level class="para2" eId="section-30-5-a-ii"><num>(ii)</num><content>any person not within sub-paragraph (i) who, by virtue of article 4 of the Compensation (Exemptions) Order 2007 (<abbr class="acronym" title="Statutory Instrument">S.I.</abbr> 2007/209), is not prevented by section 4(1) of the Compensation Act 2006 from providing regulated claims management services;</content></level></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-30-5-b"><num>(b)</num><content>“<term refersTo="#term-relevant-regulator" eId="term-relevant-regulator">relevant regulator</term>” means a person listed in column 1 below; and</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-30-5-c"><num>(c)</num><content>the regulated persons for whom a person listed in column 1 below is the relevant regulator are described in the corresponding entry or entries in column 2.</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-30-6"><num>(6)</num><content>In column 1 “<term refersTo="#term-the-regulator" eId="term-the-regulator">the Regulator</term>” means the person designated under section 5(1) of the Compensation Act 2006, or, if no person is so designated, the Secretary of State.</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-30-7"><num>(7)</num><content>In column 2 “<term refersTo="#term-reserved-legal-activity" eId="term-reserved-legal-activity">reserved legal activity</term>” has the meaning given by section 12 of the Legal Services Act 2007.</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-30-8"><num>(8)</num><intro>This section applies as follows—</intro><level class="para1" eId="section-30-8-a"><num>(a)</num><content>the prohibition in subsection (1)(a) applies only to charges imposed under an agreement entered into during the first interim period, and</content></level><level class="para1" eId="section-30-8-b"><num>(b)</num><content>the prohibition in subsection (1)(b) applies only to agreements entered into during that period.</content></level></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-30-9"><num>(9)</num><intro>In subsection (8) “the first interim period” is the period—</intro><level class="para1" eId="section-30-9-a"><num>(a)</num><content>beginning with the day on which this section comes into force, and</content></level><level class="para1" eId="section-30-9-b"><num>(b)</num><content>ending with the day before the day on which the first section 22(1B) specified activity provisions come into force for (or for purposes which include) the purposes of the general prohibition in section 19 of the Financial Services and Markets Act 2000.</content></level></subsection>

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-31"><num>31</num><heading>PPI claims: interim restriction on charges imposed by authorised persons after transfer of regulation to FCA</heading><subsection eId="section-31-1"><num>(1)</num><intro>The rule specified in subsection (2) is to be treated for the purposes of the Financial Services and Markets Act 2000 as if—</intro><level class="para1" eId="section-31-1-a"><num>(a)</num><content>the rule were a general rule made by the FCA under section 137A of that Act, and</content></level><level class="para1" eId="section-31-1-b"><num>(b)</num><content>this section were contained in that Act;</content></level><wrapUp>and accordingly functions conferred on the FCA by that Act which apply in relation to general rules made under section 137A apply to that rule as they apply to other general rules made under that section.</wrapUp></subsection><subsection eId="section-31-2"><num>(2)</num><intro>The rule is that an authorised person—</intro><level class="para1" eId="section-31-2-a"><num>(a)</num><content>must not charge a claimant, for a service which is a regulated claims management activity provided in connection with the claimant's PPI claim, an amount which exceeds the fee cap for the claim, and</content></level><level class="para1" eId="section-31-2-b"><num>(b)</num><content>must not enter into an agreement that provides for the payment by a claimant, for a service which is a regulated claims management activity provided in connection with the claimant's PPI claim, of charges which would breach, or are capable of breaching, the prohibition in paragraph (a).</content></level></subsection><subsection eId="section-31-3"><num>(3)</num><intro>A breach of either of those prohibitions is not actionable as a breach of statutory duty (despite section 138D(2) of the Financial Services and Markets Act 2000); but—</intro><level class="para1" eId="section-31-3-a"><num>(a)</num><content>any payment in excess of the fee cap for a PPI claim is recoverable by the claimant, and</content></level><level class="para1" eId="section-31-3-b"><num>(b)</num><content>any agreement entered into in breach of the prohibition in subsection (2)(b) is not enforceable to the extent it provides for a payment that breaches or is capable of breaching the prohibition in subsection (2)(a).</content></level></subsection><subsection eId="section-31-4"><num>(4)</num><content>In subsection (3) “<term refersTo="#term-payment" eId="term-payment">payment</term>” means a payment of charges for a service which is a regulated claims management activity provided in connection with the claim.</content></subsection><subsection eId="section-31-5"><num>(5)</num><intro>The rule in subsection (2) applies as follows—</intro><level class="para1" eId="section-31-5-a"><num>(a)</num><content>the prohibition in paragraph (a) applies only to charges imposed under an agreement which is entered into during the second interim period, and</content></level><level class="para1" eId="section-31-5-b"><num>(b)</num><content>the prohibition in paragraph (b) applies only to agreements entered into during that period.</content></level></subsection><subsection eId="section-31-6"><num>(6)</num><intro>In subsection (5) “the second interim period” is the period—</intro><level class="para1" eId="section-31-6-a"><num>(a)</num><content>beginning with the day on which the first section 22(1B) specified activity provisions come into force for (or for purposes which include) the purposes of the general prohibition in section 19 of the Financial Services and Markets Act 2000, and</content></level><level class="para1" eId="section-31-6-b"><num>(b)</num><content>ending with the day before the coming into force of the first relevant general rule made by the FCA (whether for all purposes or for any specific purpose).</content></level></subsection><subsection eId="section-31-7"><num>(7)</num><intro>In subsection (6)(b) “<term refersTo="#term-relevant-general-rule" eId="term-relevant-general-rule">relevant general rule</term>” means a general rule that—</intro><level class="para1" eId="section-31-7-a"><num>(a)</num><content>is made under subsection (1) of section 137FD of the Financial Services and Markets Act 2000 (as inserted by this Act), and</content></level><level class="para1" eId="section-31-7-b"><num>(b)</num><content>applies to, or to any description of, PPI claims (whether or not it also applies to anything else).</content></level></subsection><subsection eId="section-31-8"><num>(8)</num><content>In this section “<term refersTo="#term-authorised-person" eId="term-authorised-person">authorised person</term>” has the same meaning as in the Financial Services and Markets Act 2000 (see section 31(2) of that Act).</content></subsection></section>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-31-1"><num>(1)</num><intro>The rule specified in subsection (2) is to be treated for the purposes of the Financial Services and Markets Act 2000 as if—</intro><level class="para1" eId="section-31-1-a"><num>(a)</num><content>the rule were a general rule made by the FCA under section 137A of that Act, and</content></level><level class="para1" eId="section-31-1-b"><num>(b)</num><content>this section were contained in that Act;</content></level><wrapUp>and accordingly functions conferred on the FCA by that Act which apply in relation to general rules made under section 137A apply to that rule as they apply to other general rules made under that section.</wrapUp></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-31-2"><num>(2)</num><intro>The rule is that an authorised person—</intro><level class="para1" eId="section-31-2-a"><num>(a)</num><content>must not charge a claimant, for a service which is a regulated claims management activity provided in connection with the claimant's PPI claim, an amount which exceeds the fee cap for the claim, and</content></level><level class="para1" eId="section-31-2-b"><num>(b)</num><content>must not enter into an agreement that provides for the payment by a claimant, for a service which is a regulated claims management activity provided in connection with the claimant's PPI claim, of charges which would breach, or are capable of breaching, the prohibition in paragraph (a).</content></level></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-31-3"><num>(3)</num><intro>A breach of either of those prohibitions is not actionable as a breach of statutory duty (despite section 138D(2) of the Financial Services and Markets Act 2000); but—</intro><level class="para1" eId="section-31-3-a"><num>(a)</num><content>any payment in excess of the fee cap for a PPI claim is recoverable by the claimant, and</content></level><level class="para1" eId="section-31-3-b"><num>(b)</num><content>any agreement entered into in breach of the prohibition in subsection (2)(b) is not enforceable to the extent it provides for a payment that breaches or is capable of breaching the prohibition in subsection (2)(a).</content></level></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-31-4"><num>(4)</num><content>In subsection (3) “<term refersTo="#term-payment" eId="term-payment">payment</term>” means a payment of charges for a service which is a regulated claims management activity provided in connection with the claim.</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-31-5"><num>(5)</num><intro>The rule in subsection (2) applies as follows—</intro><level class="para1" eId="section-31-5-a"><num>(a)</num><content>the prohibition in paragraph (a) applies only to charges imposed under an agreement which is entered into during the second interim period, and</content></level><level class="para1" eId="section-31-5-b"><num>(b)</num><content>the prohibition in paragraph (b) applies only to agreements entered into during that period.</content></level></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-31-6"><num>(6)</num><intro>In subsection (5) “the second interim period” is the period—</intro><level class="para1" eId="section-31-6-a"><num>(a)</num><content>beginning with the day on which the first section 22(1B) specified activity provisions come into force for (or for purposes which include) the purposes of the general prohibition in section 19 of the Financial Services and Markets Act 2000, and</content></level><level class="para1" eId="section-31-6-b"><num>(b)</num><content>ending with the day before the coming into force of the first relevant general rule made by the FCA (whether for all purposes or for any specific purpose).</content></level></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-31-7"><num>(7)</num><intro>In subsection (6)(b) “<term refersTo="#term-relevant-general-rule" eId="term-relevant-general-rule">relevant general rule</term>” means a general rule that—</intro><level class="para1" eId="section-31-7-a"><num>(a)</num><content>is made under subsection (1) of section 137FD of the Financial Services and Markets Act 2000 (as inserted by this Act), and</content></level><level class="para1" eId="section-31-7-b"><num>(b)</num><content>applies to, or to any description of, PPI claims (whether or not it also applies to anything else).</content></level></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-31-8"><num>(8)</num><content>In this section “<term refersTo="#term-authorised-person" eId="term-authorised-person">authorised person</term>” has the same meaning as in the Financial Services and Markets Act 2000 (see section 31(2) of that Act).</content></subsection>

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-32"><num>32</num><heading>PPI claims: interim restriction on charges imposed by legal practitioners after transfer of regulation to FCA</heading><subsection eId="section-32-1"><num>(1)</num><intro>A legal practitioner—</intro><level class="para1" eId="section-32-1-a"><num>(a)</num><content>must not charge a claimant, for a service which is a relevant claims management activity provided in connection with the claimant's PPI claim, an amount which exceeds the fee cap for the claim, and</content></level><level class="para1" eId="section-32-1-b"><num>(b)</num><content>must not enter into an agreement that provides for the payment by a claimant, for a service which is a relevant claims management activity provided in connection with the claimant's PPI claim, of charges which would breach, or are capable of breaching, the prohibition in paragraph (a).</content></level></subsection><subsection eId="section-32-2"><num>(2)</num><intro>Subsections (2) to (5) and (7) of section 30 apply for the purposes of the prohibitions in subsection (1) as they apply for the purposes of the prohibitions in section 30(1) but as if—</intro><level class="para1" eId="section-32-2-a"><num>(a)</num><content>references in those subsections to “regulated claims management services” were references to “relevant claims management activity” and references to “regulated persons” were references to “legal practitioners”, and</content></level><level class="para1" eId="section-32-2-b"><num>(b)</num><content>the first entry in columns 1 and 2 of the table in subsection (5) were omitted.</content></level></subsection><subsection eId="section-32-3"><num>(3)</num><intro>Subsection (1) applies as follows—</intro><level class="para1" eId="section-32-3-a"><num>(a)</num><intro>the prohibition in subsection (1)(a) applies only to charges imposed by a legal practitioner under an agreement entered into during the period—</intro><level class="para2" eId="section-32-3-a-i"><num>(i)</num><content>beginning with the first day of the second interim period (within the meaning given by section 31(6)), and</content></level><level class="para2" eId="section-32-3-a-ii"><num>(ii)</num><content>ending with the end date for that practitioner, and</content></level></level><level class="para1" eId="section-32-3-b"><num>(b)</num><content>the prohibition in subsection (1)(b) applies only to agreements entered into by a legal practitioner during that period.</content></level></subsection><subsection eId="section-32-4"><num>(4)</num><intro>For the purposes of subsection (3), the end date is—</intro><level class="para1" eId="section-32-4-a"><num>(a)</num><content>for a legal practitioner for whom the relevant regulator is the Law Society of England and Wales, the day before the coming into force of the first rule made by the Law Society of England and Wales under section 33 that applies to, or to any description of, PPI claims, and</content></level><level class="para1" eId="section-32-4-b"><num>(b)</num><content>for any other legal practitioner, 29 April 2020.</content></level></subsection><subsection eId="section-32-5"><num>(5)</num><intro>In this section “relevant claims management activity”—</intro><level class="para1" eId="section-32-5-a"><num>(a)</num><content>does not include any reserved legal activities of the kind mentioned in section 12(1)(a) or (b) of the Legal Services Act 2007 (exercise of a right of audience or the conduct of litigation), but</content></level><level class="para1" eId="section-32-5-b"><num>(b)</num><content>otherwise, means activity of a kind specified in an order under section 22(1B) of the Financial Services and Markets Act 2000 (regulated activities: claims management services), disregarding any exemption in that order for activities carried on by, through, or at the direction of, a legal practitioner.</content></level></subsection></section>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-32-1"><num>(1)</num><intro>A legal practitioner—</intro><level class="para1" eId="section-32-1-a"><num>(a)</num><content>must not charge a claimant, for a service which is a relevant claims management activity provided in connection with the claimant's PPI claim, an amount which exceeds the fee cap for the claim, and</content></level><level class="para1" eId="section-32-1-b"><num>(b)</num><content>must not enter into an agreement that provides for the payment by a claimant, for a service which is a relevant claims management activity provided in connection with the claimant's PPI claim, of charges which would breach, or are capable of breaching, the prohibition in paragraph (a).</content></level></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-32-2"><num>(2)</num><intro>Subsections (2) to (5) and (7) of section 30 apply for the purposes of the prohibitions in subsection (1) as they apply for the purposes of the prohibitions in section 30(1) but as if—</intro><level class="para1" eId="section-32-2-a"><num>(a)</num><content>references in those subsections to “regulated claims management services” were references to “relevant claims management activity” and references to “regulated persons” were references to “legal practitioners”, and</content></level><level class="para1" eId="section-32-2-b"><num>(b)</num><content>the first entry in columns 1 and 2 of the table in subsection (5) were omitted.</content></level></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-32-3"><num>(3)</num><intro>Subsection (1) applies as follows—</intro><level class="para1" eId="section-32-3-a"><num>(a)</num><intro>the prohibition in subsection (1)(a) applies only to charges imposed by a legal practitioner under an agreement entered into during the period—</intro><level class="para2" eId="section-32-3-a-i"><num>(i)</num><content>beginning with the first day of the second interim period (within the meaning given by section 31(6)), and</content></level><level class="para2" eId="section-32-3-a-ii"><num>(ii)</num><content>ending with the end date for that practitioner, and</content></level></level><level class="para1" eId="section-32-3-b"><num>(b)</num><content>the prohibition in subsection (1)(b) applies only to agreements entered into by a legal practitioner during that period.</content></level></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-32-4"><num>(4)</num><intro>For the purposes of subsection (3), the end date is—</intro><level class="para1" eId="section-32-4-a"><num>(a)</num><content>for a legal practitioner for whom the relevant regulator is the Law Society of England and Wales, the day before the coming into force of the first rule made by the Law Society of England and Wales under section 33 that applies to, or to any description of, PPI claims, and</content></level><level class="para1" eId="section-32-4-b"><num>(b)</num><content>for any other legal practitioner, 29 April 2020.</content></level></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-32-5"><num>(5)</num><intro>In this section “relevant claims management activity”—</intro><level class="para1" eId="section-32-5-a"><num>(a)</num><content>does not include any reserved legal activities of the kind mentioned in section 12(1)(a) or (b) of the Legal Services Act 2007 (exercise of a right of audience or the conduct of litigation), but</content></level><level class="para1" eId="section-32-5-b"><num>(b)</num><content>otherwise, means activity of a kind specified in an order under section 22(1B) of the Financial Services and Markets Act 2000 (regulated activities: claims management services), disregarding any exemption in that order for activities carried on by, through, or at the direction of, a legal practitioner.</content></level></subsection>

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" eId="section-33"><num>33</num><heading>Legal services regulators' rules: charges for claims management services</heading><subsection eId="section-33-1"><num>(1)</num><intro>The Law Society of England and Wales, the General Council of the Bar and the Chartered Institute of Legal Executives may make rules prohibiting regulated persons from—</intro><level class="para1" eId="section-33-1-a"><num>(a)</num><content>entering into a specified relevant claims management agreement that provides for the payment by a person of specified charges, and</content></level><level class="para1" eId="section-33-1-b"><num>(b)</num><content>imposing specified charges on a person in connection with the provision of a service which is, or which is provided in connection with, a specified relevant claims management activity.</content></level></subsection><subsection eId="section-33-2"><num>(2)</num><content>The Law Society of England and Wales must exercise that power to make rules in relation to all relevant claims management agreements, and all relevant claims management activities, which concern claims in relation to financial products or services.</content></subsection><subsection eId="section-33-3"><num>(3)</num><intro>The Law Society of Scotland may make rules prohibiting regulated persons from—</intro><level class="para1" eId="section-33-3-a"><num>(a)</num><content>entering into a relevant claims management agreement concerning a claim in relation to a financial product or service that provides for the payment by a person of specified charges, and</content></level><level class="para1" eId="section-33-3-b"><num>(b)</num><content>imposing specified charges on a person in connection with the provision of a service which is, or which is provided in connection with, a relevant claims management activity concerning a claim in relation to a financial product or service.</content></level></subsection><subsection eId="section-33-4"><num>(4)</num><content>Rules under this section may make provision securing that for the purposes of the prohibition referred to in subsection (1)(a) or (3)(a) charges payable under a relevant claims management agreement are to be treated as including charges payable under an agreement treated by the rules as being connected with the relevant claims management agreement.</content></subsection><subsection eId="section-33-5"><num>(5)</num><intro>In this section “<term refersTo="#term-regulated-persons" eId="term-regulated-persons">regulated persons</term>” means—</intro><level class="para1" eId="section-33-5-a"><num>(a)</num><intro>in relation to the Law Society of England and Wales—</intro><level class="para2" eId="section-33-5-a-i"><num>(i)</num><content>persons who, or licensable bodies which, are authorised by the Law Society to carry on a reserved legal activity,</content></level><level class="para2" eId="section-33-5-a-ii"><num>(ii)</num><content>European lawyers registered with the Law Society under the European Communities (Lawyer's Practice) Regulations 2000 (<abbr class="acronym" title="Statutory Instrument">S.I.</abbr> 2000/1119) <ins class="first last" ukl:ChangeId="key-c7dfb9db6381594a1aed65b5bdd40639-1637523742543" ukl:CommentaryRef="key-c7dfb9db6381594a1aed65b5bdd40639"><noteRef uk:name="commentary" href="#key-c7dfb9db6381594a1aed65b5bdd40639" class="commentary"/>, as they have effect by virtue of regulation 6 of the Services of Lawyers and Lawyer’s Practice (Revocation etc.) (EU Exit) Regulations 2020</ins>, and</content></level><level class="para2" eId="section-33-5-a-iii"><num>(iii)</num><content>foreign lawyers registered with the Law Society under section 89 of the Courts and Legal Services Act 1990;</content></level></level><level class="para1" eId="section-33-5-b"><num>(b)</num><content>in relation to the Law Society of Scotland, Scottish legal practitioners;</content></level><level class="para1" eId="section-33-5-c"><num>(c)</num><intro>in relation to the General Council of the Bar—</intro><level class="para2" eId="section-33-5-c-i"><num>(i)</num><content>persons who, or licensable bodies which, are authorised by the General Council to carry on a reserved legal activity, and</content></level><level class="para2" eId="section-33-5-c-ii"><num>(ii)</num><content>European lawyers registered with the General Council under the European Communities (Lawyer's Practice) Regulations 2000 <ins class="first last" ukl:ChangeId="key-a93baf4d3c93c55f66a4bda3a3621b61-1637523873324" ukl:CommentaryRef="key-a93baf4d3c93c55f66a4bda3a3621b61"><noteRef uk:name="commentary" href="#key-a93baf4d3c93c55f66a4bda3a3621b61" class="commentary"/>, as they have effect by virtue of regulation 6 of the Services of Lawyers and Lawyer’s Practice (Revocation etc.) (EU Exit) Regulations 2020</ins>;</content></level></level><level class="para1" eId="section-33-5-d"><num>(d)</num><content>in relation to the Chartered Institute of Legal Executives, persons authorised by the Institute to carry on a reserved legal activity.</content></level></subsection><subsection eId="section-33-6"><num>(6)</num><content>The rules must be made with a view to securing an appropriate degree of protection against excessive charges for the provision of a service which is, or which is provided in connection with, a relevant claims management activity.</content></subsection><subsection eId="section-33-7"><num>(7)</num><content>The rules may specify charges by reference to charges of a specified class or description, or by reference to charges which exceed, or are capable of exceeding, a specified amount.</content></subsection><subsection eId="section-33-8"><num>(8)</num><intro>The rules may not specify—</intro><level class="para1" eId="section-33-8-a"><num>(a)</num><content>charges for a reserved legal activity within the meaning of the Legal Services Act 2007 (see section 12 of that Act);</content></level><level class="para1" eId="section-33-8-b"><num>(b)</num><intro>charges imposed in respect of—</intro><level class="para2" eId="section-33-8-b-i"><num>(i)</num><content>the exercise of a right of audience by a Scottish legal practitioner;</content></level><level class="para2" eId="section-33-8-b-ii"><num>(ii)</num><content>the conduct of litigation by a Scottish legal practitioner.</content></level></level></subsection><subsection eId="section-33-9"><num>(9)</num><intro>In subsection (8)(b)—</intro><hcontainer name="definition"><intro>“<term refersTo="#term-conduct-of-litigation" eId="term-conduct-of-litigation">conduct of litigation</term>” means—</intro><level class="para1"><num>(a)</num><content>the bringing of proceedings before any court in Scotland;</content></level><level class="para1"><num>(b)</num><content>the commencement, prosecution and defence of such proceedings;</content></level><level class="para1"><num>(c)</num><content>the performance of any ancillary functions in relation to such proceedings;</content></level></hcontainer><hcontainer name="definition"><content>“<term refersTo="#term-right-of-audience" eId="term-right-of-audience">right of audience</term>” means the right to appear before and address a court in Scotland, including the right to call and examine witnesses.</content></hcontainer></subsection><subsection eId="section-33-10"><num>(10)</num><intro>In relation to an agreement entered into, or charge imposed, in contravention of the rules, the rules may (amongst other things)—</intro><level class="para1" eId="section-33-10-a"><num>(a)</num><content>provide for the agreement, or obligation to pay the charge, to be unenforceable or unenforceable to a specified extent;</content></level><level class="para1" eId="section-33-10-b"><num>(b)</num><content>provide for the recovery of amounts paid under the agreement or obligation;</content></level><level class="para1" eId="section-33-10-c"><num>(c)</num><content>provide for the payment of compensation for any losses incurred as a result of paying amounts under the agreement or obligation.</content></level></subsection><subsection eId="section-33-11"><num>(11)</num><intro>For the purposes of this section—</intro><hcontainer name="definition"><content>“<term refersTo="#term-relevant-claims-management-activity" eId="term-relevant-claims-management-activity">relevant claims management activity</term>” means activity of a kind specified in an order under section 22(1B) of the Financial Services and Markets Act 2000 (regulated activities: claims management services), disregarding any exemption in that order for activities carried on by, through, or at the direction of, a legal practitioner;</content></hcontainer><hcontainer name="definition"><content>“<term refersTo="#term-relevant-claims-management-agreement" eId="term-relevant-claims-management-agreement">relevant claims management agreement</term>” means an agreement, the entering into or performance of which by either party is a relevant claims management activity;</content></hcontainer><hcontainer name="definition"><intro>“<term refersTo="#term-scottish-legal-practitioner" eId="term-scottish-legal-practitioner">Scottish legal practitioner</term>” means—</intro><level class="para1"><num>(a)</num><content>a person qualified to practise as a solicitor in accordance with section 4 of the Solicitors (Scotland) Act 1980;</content></level><level class="para1"><num>(b)</num><content>European lawyers registered with the Law Society of Scotland under the European Communities (Lawyer's Practice) (Scotland) Regulations 2000 (<abbr class="acronym" title="Scottish Statutory Instrument">S.S.I.</abbr> 2000/121);</content></level><level class="para1"><num>(c)</num><content>foreign lawyers registered with the Law Society of Scotland under section 60A of the Solicitors (Scotland) Act 1980;</content></level><level class="para1"><num>(d)</num><content>an incorporated practice within the meaning given by section 34(1A)(c) of the Solicitors (Scotland) Act 1980;</content></level><level class="para1"><num>(e)</num><content>a licensed legal services provider within the meaning of Part 2 of the Legal Services (Scotland) Act 2010 (see section 47 of that Act) that provides, or offers to provide, legal services under a licence issued by the Law Society of Scotland;</content></level></hcontainer><hcontainer name="definition"><content>“<term refersTo="#term-specified" eId="term-specified">specified</term>” means specified in the rules, but “<term refersTo="#term-specified-amount" eId="term-specified-amount">specified amount</term>” means an amount specified in or determined in accordance with the rules.</content></hcontainer></subsection><subsection eId="section-33-12"><num>(12)</num><content>This section does not limit any power of the Law Society of England and Wales, the Law Society of Scotland, the General Council of the Bar or the Chartered Institute of Legal Executives existing apart from this section to make rules.</content></subsection></section>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-33-1"><num>(1)</num><intro>The Law Society of England and Wales, the General Council of the Bar and the Chartered Institute of Legal Executives may make rules prohibiting regulated persons from—</intro><level class="para1" eId="section-33-1-a"><num>(a)</num><content>entering into a specified relevant claims management agreement that provides for the payment by a person of specified charges, and</content></level><level class="para1" eId="section-33-1-b"><num>(b)</num><content>imposing specified charges on a person in connection with the provision of a service which is, or which is provided in connection with, a specified relevant claims management activity.</content></level></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-33-2"><num>(2)</num><content>The Law Society of England and Wales must exercise that power to make rules in relation to all relevant claims management agreements, and all relevant claims management activities, which concern claims in relation to financial products or services.</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-33-3"><num>(3)</num><intro>The Law Society of Scotland may make rules prohibiting regulated persons from—</intro><level class="para1" eId="section-33-3-a"><num>(a)</num><content>entering into a relevant claims management agreement concerning a claim in relation to a financial product or service that provides for the payment by a person of specified charges, and</content></level><level class="para1" eId="section-33-3-b"><num>(b)</num><content>imposing specified charges on a person in connection with the provision of a service which is, or which is provided in connection with, a relevant claims management activity concerning a claim in relation to a financial product or service.</content></level></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-33-4"><num>(4)</num><content>Rules under this section may make provision securing that for the purposes of the prohibition referred to in subsection (1)(a) or (3)(a) charges payable under a relevant claims management agreement are to be treated as including charges payable under an agreement treated by the rules as being connected with the relevant claims management agreement.</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" eId="section-33-5"><num>(5)</num><intro>In this section “<term refersTo="#term-regulated-persons" eId="term-regulated-persons">regulated persons</term>” means—</intro><level class="para1" eId="section-33-5-a"><num>(a)</num><intro>in relation to the Law Society of England and Wales—</intro><level class="para2" eId="section-33-5-a-i"><num>(i)</num><content>persons who, or licensable bodies which, are authorised by the Law Society to carry on a reserved legal activity,</content></level><level class="para2" eId="section-33-5-a-ii"><num>(ii)</num><content>European lawyers registered with the Law Society under the European Communities (Lawyer's Practice) Regulations 2000 (<abbr class="acronym" title="Statutory Instrument">S.I.</abbr> 2000/1119) <ins class="first last" ukl:ChangeId="key-c7dfb9db6381594a1aed65b5bdd40639-1637523742543" ukl:CommentaryRef="key-c7dfb9db6381594a1aed65b5bdd40639"><noteRef uk:name="commentary" href="#key-c7dfb9db6381594a1aed65b5bdd40639" class="commentary"/>, as they have effect by virtue of regulation 6 of the Services of Lawyers and Lawyer’s Practice (Revocation etc.) (EU Exit) Regulations 2020</ins>, and</content></level><level class="para2" eId="section-33-5-a-iii"><num>(iii)</num><content>foreign lawyers registered with the Law Society under section 89 of the Courts and Legal Services Act 1990;</content></level></level><level class="para1" eId="section-33-5-b"><num>(b)</num><content>in relation to the Law Society of Scotland, Scottish legal practitioners;</content></level><level class="para1" eId="section-33-5-c"><num>(c)</num><intro>in relation to the General Council of the Bar—</intro><level class="para2" eId="section-33-5-c-i"><num>(i)</num><content>persons who, or licensable bodies which, are authorised by the General Council to carry on a reserved legal activity, and</content></level><level class="para2" eId="section-33-5-c-ii"><num>(ii)</num><content>European lawyers registered with the General Council under the European Communities (Lawyer's Practice) Regulations 2000 <ins class="first last" ukl:ChangeId="key-a93baf4d3c93c55f66a4bda3a3621b61-1637523873324" ukl:CommentaryRef="key-a93baf4d3c93c55f66a4bda3a3621b61"><noteRef uk:name="commentary" href="#key-a93baf4d3c93c55f66a4bda3a3621b61" class="commentary"/>, as they have effect by virtue of regulation 6 of the Services of Lawyers and Lawyer’s Practice (Revocation etc.) (EU Exit) Regulations 2020</ins>;</content></level></level><level class="para1" eId="section-33-5-d"><num>(d)</num><content>in relation to the Chartered Institute of Legal Executives, persons authorised by the Institute to carry on a reserved legal activity.</content></level></subsection>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" class="para1" eId="section-33-5-a"><num>(a)</num><intro>in relation to the Law Society of England and Wales—</intro><level class="para2" eId="section-33-5-a-i"><num>(i)</num><content>persons who, or licensable bodies which, are authorised by the Law Society to carry on a reserved legal activity,</content></level><level class="para2" eId="section-33-5-a-ii"><num>(ii)</num><content>European lawyers registered with the Law Society under the European Communities (Lawyer's Practice) Regulations 2000 (<abbr class="acronym" title="Statutory Instrument">S.I.</abbr> 2000/1119) <ins class="first last" ukl:ChangeId="key-c7dfb9db6381594a1aed65b5bdd40639-1637523742543" ukl:CommentaryRef="key-c7dfb9db6381594a1aed65b5bdd40639"><noteRef uk:name="commentary" href="#key-c7dfb9db6381594a1aed65b5bdd40639" class="commentary"/>, as they have effect by virtue of regulation 6 of the Services of Lawyers and Lawyer’s Practice (Revocation etc.) (EU Exit) Regulations 2020</ins>, and</content></level><level class="para2" eId="section-33-5-a-iii"><num>(iii)</num><content>foreign lawyers registered with the Law Society under section 89 of the Courts and Legal Services Act 1990;</content></level></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-33-5-b"><num>(b)</num><content>in relation to the Law Society of Scotland, Scottish legal practitioners;</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" class="para1" eId="section-33-5-c"><num>(c)</num><intro>in relation to the General Council of the Bar—</intro><level class="para2" eId="section-33-5-c-i"><num>(i)</num><content>persons who, or licensable bodies which, are authorised by the General Council to carry on a reserved legal activity, and</content></level><level class="para2" eId="section-33-5-c-ii"><num>(ii)</num><content>European lawyers registered with the General Council under the European Communities (Lawyer's Practice) Regulations 2000 <ins class="first last" ukl:ChangeId="key-a93baf4d3c93c55f66a4bda3a3621b61-1637523873324" ukl:CommentaryRef="key-a93baf4d3c93c55f66a4bda3a3621b61"><noteRef uk:name="commentary" href="#key-a93baf4d3c93c55f66a4bda3a3621b61" class="commentary"/>, as they have effect by virtue of regulation 6 of the Services of Lawyers and Lawyer’s Practice (Revocation etc.) (EU Exit) Regulations 2020</ins>;</content></level></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-33-5-d"><num>(d)</num><content>in relation to the Chartered Institute of Legal Executives, persons authorised by the Institute to carry on a reserved legal activity.</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-33-6"><num>(6)</num><content>The rules must be made with a view to securing an appropriate degree of protection against excessive charges for the provision of a service which is, or which is provided in connection with, a relevant claims management activity.</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-33-7"><num>(7)</num><content>The rules may specify charges by reference to charges of a specified class or description, or by reference to charges which exceed, or are capable of exceeding, a specified amount.</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-33-8"><num>(8)</num><intro>The rules may not specify—</intro><level class="para1" eId="section-33-8-a"><num>(a)</num><content>charges for a reserved legal activity within the meaning of the Legal Services Act 2007 (see section 12 of that Act);</content></level><level class="para1" eId="section-33-8-b"><num>(b)</num><intro>charges imposed in respect of—</intro><level class="para2" eId="section-33-8-b-i"><num>(i)</num><content>the exercise of a right of audience by a Scottish legal practitioner;</content></level><level class="para2" eId="section-33-8-b-ii"><num>(ii)</num><content>the conduct of litigation by a Scottish legal practitioner.</content></level></level></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-33-9"><num>(9)</num><intro>In subsection (8)(b)—</intro><hcontainer name="definition"><intro>“<term refersTo="#term-conduct-of-litigation" eId="term-conduct-of-litigation">conduct of litigation</term>” means—</intro><level class="para1"><num>(a)</num><content>the bringing of proceedings before any court in Scotland;</content></level><level class="para1"><num>(b)</num><content>the commencement, prosecution and defence of such proceedings;</content></level><level class="para1"><num>(c)</num><content>the performance of any ancillary functions in relation to such proceedings;</content></level></hcontainer><hcontainer name="definition"><content>“<term refersTo="#term-right-of-audience" eId="term-right-of-audience">right of audience</term>” means the right to appear before and address a court in Scotland, including the right to call and examine witnesses.</content></hcontainer></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-33-10"><num>(10)</num><intro>In relation to an agreement entered into, or charge imposed, in contravention of the rules, the rules may (amongst other things)—</intro><level class="para1" eId="section-33-10-a"><num>(a)</num><content>provide for the agreement, or obligation to pay the charge, to be unenforceable or unenforceable to a specified extent;</content></level><level class="para1" eId="section-33-10-b"><num>(b)</num><content>provide for the recovery of amounts paid under the agreement or obligation;</content></level><level class="para1" eId="section-33-10-c"><num>(c)</num><content>provide for the payment of compensation for any losses incurred as a result of paying amounts under the agreement or obligation.</content></level></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-33-11"><num>(11)</num><intro>For the purposes of this section—</intro><hcontainer name="definition"><content>“<term refersTo="#term-relevant-claims-management-activity" eId="term-relevant-claims-management-activity">relevant claims management activity</term>” means activity of a kind specified in an order under section 22(1B) of the Financial Services and Markets Act 2000 (regulated activities: claims management services), disregarding any exemption in that order for activities carried on by, through, or at the direction of, a legal practitioner;</content></hcontainer><hcontainer name="definition"><content>“<term refersTo="#term-relevant-claims-management-agreement" eId="term-relevant-claims-management-agreement">relevant claims management agreement</term>” means an agreement, the entering into or performance of which by either party is a relevant claims management activity;</content></hcontainer><hcontainer name="definition"><intro>“<term refersTo="#term-scottish-legal-practitioner" eId="term-scottish-legal-practitioner">Scottish legal practitioner</term>” means—</intro><level class="para1"><num>(a)</num><content>a person qualified to practise as a solicitor in accordance with section 4 of the Solicitors (Scotland) Act 1980;</content></level><level class="para1"><num>(b)</num><content>European lawyers registered with the Law Society of Scotland under the European Communities (Lawyer's Practice) (Scotland) Regulations 2000 (<abbr class="acronym" title="Scottish Statutory Instrument">S.S.I.</abbr> 2000/121);</content></level><level class="para1"><num>(c)</num><content>foreign lawyers registered with the Law Society of Scotland under section 60A of the Solicitors (Scotland) Act 1980;</content></level><level class="para1"><num>(d)</num><content>an incorporated practice within the meaning given by section 34(1A)(c) of the Solicitors (Scotland) Act 1980;</content></level><level class="para1"><num>(e)</num><content>a licensed legal services provider within the meaning of Part 2 of the Legal Services (Scotland) Act 2010 (see section 47 of that Act) that provides, or offers to provide, legal services under a licence issued by the Law Society of Scotland;</content></level></hcontainer><hcontainer name="definition"><content>“<term refersTo="#term-specified" eId="term-specified">specified</term>” means specified in the rules, but “<term refersTo="#term-specified-amount" eId="term-specified-amount">specified amount</term>” means an amount specified in or determined in accordance with the rules.</content></hcontainer></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-33-12"><num>(12)</num><content>This section does not limit any power of the Law Society of England and Wales, the Law Society of Scotland, the General Council of the Bar or the Chartered Institute of Legal Executives existing apart from this section to make rules.</content></subsection>

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-34"><num>34</num><heading>Extension of power of the Law Society of Scotland to make rules</heading><subsection eId="section-34-1"><num>(1)</num><intro>The Treasury may by regulations amend section 33 for the purpose of extending the power in subsection (3) of that section so as to apply to—</intro><level class="para1" eId="section-34-1-a"><num>(a)</num><content>all relevant claims management agreements;</content></level><level class="para1" eId="section-34-1-b"><num>(b)</num><content>all relevant claims management activity;</content></level><level class="para1" eId="section-34-1-c"><num>(c)</num><content>any description of relevant claims management agreement;</content></level><level class="para1" eId="section-34-1-d"><num>(d)</num><content>any description of relevant claims management activity.</content></level></subsection><subsection eId="section-34-2"><num>(2)</num><content>The Treasury must obtain the consent of the Scottish Ministers before making regulations under subsection (1).</content></subsection><subsection eId="section-34-3"><num>(3)</num><intro>Regulations under this section—</intro><level class="para1" eId="section-34-3-a"><num>(a)</num><content>are to be made by statutory instrument;</content></level><level class="para1" eId="section-34-3-b"><num>(b)</num><content>may make incidental, supplemental or consequential provision.</content></level></subsection><subsection eId="section-34-4"><num>(4)</num><content>A statutory instrument containing regulations under this section may not be made unless a draft of the instrument has been laid before and approved by a resolution of each House of Parliament.</content></subsection></section>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-34-1"><num>(1)</num><intro>The Treasury may by regulations amend section 33 for the purpose of extending the power in subsection (3) of that section so as to apply to—</intro><level class="para1" eId="section-34-1-a"><num>(a)</num><content>all relevant claims management agreements;</content></level><level class="para1" eId="section-34-1-b"><num>(b)</num><content>all relevant claims management activity;</content></level><level class="para1" eId="section-34-1-c"><num>(c)</num><content>any description of relevant claims management agreement;</content></level><level class="para1" eId="section-34-1-d"><num>(d)</num><content>any description of relevant claims management activity.</content></level></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-34-2"><num>(2)</num><content>The Treasury must obtain the consent of the Scottish Ministers before making regulations under subsection (1).</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-34-3"><num>(3)</num><intro>Regulations under this section—</intro><level class="para1" eId="section-34-3-a"><num>(a)</num><content>are to be made by statutory instrument;</content></level><level class="para1" eId="section-34-3-b"><num>(b)</num><content>may make incidental, supplemental or consequential provision.</content></level></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-34-4"><num>(4)</num><content>A statutory instrument containing regulations under this section may not be made unless a draft of the instrument has been laid before and approved by a resolution of each House of Parliament.</content></subsection>

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" name="crossheading" ukl:Name="Pblock" eId="part-2-crossheading-cold-calling-about-claims-management-services"><heading>Cold calling about claims management services</heading><section eId="section-35"><num>35</num><heading>Cold calling about claims management services</heading><subsection eId="section-35-1"><num>(1)</num><content>The Privacy and Electronic Communications (<abbr class="acronym" title="European Community">EC</abbr> Directive) Regulations 2003 (<abbr class="acronym" title="Statutory Instrument">S.I.</abbr> 2003/2426) are amended as follows.</content></subsection><subsection eId="section-35-2"><num>(2)</num><content><mod>In regulation 21 (calls for direct marketing purposes), after paragraph (5) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="uksi" ukl:TargetClass="secondary" ukl:TargetSubClass="regulation" ukl:Context="main" ukl:Format="default"><paragraph><num>(6)</num><content>Paragraph (1) does not apply to a case falling within regulation 21A.</content></paragraph></quotedStructure></mod></content></subsection><subsection eId="section-35-3"><num>(3)</num><content><mod>After regulation 21 insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="uksi" ukl:TargetClass="secondary" ukl:TargetSubClass="regulation" ukl:Context="main" ukl:Format="default"><hcontainer name="regulation"><heading>Calls for direct marketing of claims management services</heading><num>21A</num><paragraph><num>(1)</num><content>A person must not use, or instigate the use of, a public electronic communications service to make unsolicited calls for the purposes of direct marketing in relation to claims management services except in the circumstances referred to in paragraph (2).</content></paragraph><paragraph><num>(2)</num><content>Those circumstances are where the called line is that of a subscriber who has previously notified the caller that for the time being the subscriber consents to such calls being made by, or at the instigation of, the caller on that line.</content></paragraph><paragraph><num>(3)</num><content>A subscriber must not permit the subscriber's line to be used in contravention of paragraph (1).</content></paragraph><paragraph><num>(4)</num><intro>In this regulation, “<term refersTo="#term-claims-management-services">claims management services</term>” means the following services in relation to the making of a claim—</intro><level class="para1"><num>(a)</num><content>advice;</content></level><level class="para1"><num>(b)</num><content>financial services or assistance;</content></level><level class="para1"><num>(c)</num><content>acting on behalf of, or representing, a person;</content></level><level class="para1"><num>(d)</num><content>the referral or introduction of one person to another;</content></level><level class="para1"><num>(e)</num><content>the making of inquiries.</content></level></paragraph><paragraph><num>(5)</num><intro>In paragraph (4), “<term refersTo="#term-claim">claim</term>” means a claim for compensation, restitution, repayment or any other remedy or relief in respect of loss or damage or in respect of an obligation, whether the claim is made or could be made—</intro><level class="para1"><num>(a)</num><content>by way of legal proceedings,</content></level><level class="para1"><num>(b)</num><content>in accordance with a scheme of regulation (whether voluntary or compulsory), or</content></level><level class="para1"><num>(c)</num><content>in pursuance of a voluntary undertaking.</content></level></paragraph></hcontainer></quotedStructure></mod></content></subsection><subsection eId="section-35-4"><num>(4)</num><intro>In regulation 24 (information to be provided for the purposes of regulations 19 to 21)—</intro><level class="para1" eId="section-35-4-a"><num>(a)</num><content><mod>in the heading, for “, 20 and 21” substitute <quotedText>“ to 21A ”</quotedText>;</mod></content></level><level class="para1" eId="section-35-4-b"><num>(b)</num><content><mod>in paragraph (1)(b), after “21” insert <quotedText>“ or 21A ”</quotedText>.</mod></content></level></subsection></section></hcontainer>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-35-1"><num>(1)</num><content>The Privacy and Electronic Communications (<abbr class="acronym" title="European Community">EC</abbr> Directive) Regulations 2003 (<abbr class="acronym" title="Statutory Instrument">S.I.</abbr> 2003/2426) are amended as follows.</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-35-4"><num>(4)</num><intro>In regulation 24 (information to be provided for the purposes of regulations 19 to 21)—</intro><level class="para1" eId="section-35-4-a"><num>(a)</num><content><mod>in the heading, for “, 20 and 21” substitute <quotedText>“ to 21A ”</quotedText>;</mod></content></level><level class="para1" eId="section-35-4-b"><num>(b)</num><content><mod>in paragraph (1)(b), after “21” insert <quotedText>“ or 21A ”</quotedText>.</mod></content></level></subsection>

<part xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="part-3"><num>PART 3</num><heading>General</heading><section eId="section-36"><num>36</num><heading>Extent</heading><subsection eId="section-36-1"><num>(1)</num><content>Part 1, other than the provisions mentioned in subsections (2) to (5), extends to England and Wales, Scotland and Northern Ireland.</content></subsection><subsection eId="section-36-2"><num>(2)</num><content>Sections 6 and 7 extend to England and Wales and Northern Ireland.</content></subsection><subsection eId="section-36-3"><num>(3)</num><intro>In section 12—</intro><level class="para1" eId="section-36-3-a"><num>(a)</num><content>subsections (1) and (3) extend to England and Wales and Scotland;</content></level><level class="para1" eId="section-36-3-b"><num>(b)</num><content>subsections (2) and (4) extend to Northern Ireland.</content></level></subsection><subsection eId="section-36-4"><num>(4)</num><intro>In section 19—</intro><level class="para1" eId="section-36-4-a"><num>(a)</num><content>subsections (1) to (5) extend to England and Wales and Scotland;</content></level><level class="para1" eId="section-36-4-b"><num>(b)</num><content>subsections (6) to (9) extend to Northern Ireland.</content></level></subsection><subsection eId="section-36-5"><num>(5)</num><content>Paragraph 24 of Schedule 3 extends to England and Wales and Scotland.</content></subsection><subsection eId="section-36-6"><num>(6)</num><content>Part 2, other than the provisions mentioned in subsections (7) and (8), extends to England and Wales and Scotland.</content></subsection><subsection eId="section-36-7"><num>(7)</num><intro>The following provisions extend to England and Wales—</intro><level class="para1" eId="section-36-7-a"><num>(a)</num><content>section 27(14) and Schedule 4;</content></level><level class="para1" eId="section-36-7-b"><num>(b)</num><content>section 30;</content></level><level class="para1" eId="section-36-7-c"><num>(c)</num><content>section 32.</content></level></subsection><subsection eId="section-36-8"><num>(8)</num><content>Section 35 extends to England and Wales, Scotland and Northern Ireland.</content></subsection><subsection eId="section-36-9"><num>(9)</num><content>This Part extends to England and Wales, Scotland and Northern Ireland.</content></subsection></section><section eId="section-37"><num>37</num><heading>Commencement</heading><subsection eId="section-37-1"><num>(1)</num><intro>The following provisions come into force on the day this Act is passed—</intro><level class="para1" eId="section-37-1-a"><num>(a)</num><content>section 11(1) and (3);</content></level><level class="para1" eId="section-37-1-b"><num>(b)</num><content>section 12;</content></level><level class="para1" eId="section-37-1-c"><num>(c)</num><content>section 13;</content></level><level class="para1" eId="section-37-1-d"><num>(d)</num><content>section 21;</content></level><level class="para1" eId="section-37-1-e"><num>(e)</num><intro>the following paragraphs of Schedule 3 (and section 25 so far as it relates to those paragraphs)—</intro><level class="para2" eId="section-37-1-e-i"><num>(i)</num><content>paragraph 5,</content></level><level class="para2" eId="section-37-1-e-ii"><num>(ii)</num><content>paragraph 13(a),</content></level><level class="para2" eId="section-37-1-e-iii"><num>(iii)</num><content>paragraph 14(1), (2)(a) and (3)(a), and</content></level><level class="para2" eId="section-37-1-e-iv"><num>(iv)</num><content>paragraph 21(1), (5)(a)(i) and (5)(b)(iii);</content></level></level><level class="para1" eId="section-37-1-f"><num>(f)</num><content>section 27(15) and Schedule 5;</content></level><level class="para1" eId="section-37-1-g"><num>(g)</num><content>this Part.</content></level></subsection><subsection eId="section-37-2"><num>(2)</num><content>Subsections (6) to (9) of section 19 come into force on a day appointed by order made by the Department for Communities in Northern Ireland.</content></subsection><subsection eId="section-37-3"><num>(3)</num><intro>An order under subsection (2) may make—</intro><level class="para1" eId="section-37-3-a"><num>(a)</num><content>transitional, transitory and saving provision in connection with the coming into force of any provision in section 19(6) to (9);</content></level><level class="para1" eId="section-37-3-b"><num>(b)</num><content>incidental and supplementary provision, and</content></level><level class="para1" eId="section-37-3-c"><num>(c)</num><content>different provision for different purposes,</content></level><wrapUp>and the power to make such an order is exercisable by statutory rule for the purposes of the Statutory Rules (Northern Ireland) Order 1979 (<abbr class="acronym" title="Statutory Instrument">S.I.</abbr> 1979/1573 (N.I. 12)).</wrapUp></subsection><subsection eId="section-37-4"><num>(4)</num><content>Sections 22 and 29 to 32 come into force at the end of the period of two months beginning with the day on which this Act is passed.</content></subsection><subsection eId="section-37-5"><num>(5)</num><content>The other provisions of this Act come into force on a day appointed by regulations.</content></subsection><subsection eId="section-37-6"><num>(6)</num><content>Regulations under subsection (5) must provide for sections 6 and 7 to come into force on the same day as section 1(1).</content></subsection><subsection eId="section-37-7"><num>(7)</num><content>Regulations may make transitional, transitory and saving provision in connection with the coming into force of any provision of Part 1 or 2 except section 19(6) to (9).</content></subsection><subsection eId="section-37-8"><num>(8)</num><intro>Regulations under subsection (5) or (7) may make—</intro><level class="para1" eId="section-37-8-a"><num>(a)</num><content>incidental and supplementary provision,</content></level><level class="para1" eId="section-37-8-b"><num>(b)</num><content>different provision for different purposes, and</content></level><level class="para1" eId="section-37-8-c"><num>(c)</num><content>different provision for different areas.</content></level></subsection><subsection eId="section-37-9"><num>(9)</num><intro>Regulations under subsection (5) or (7) are to be made by statutory instrument by—</intro><level class="para1" eId="section-37-9-a"><num>(a)</num><intro>the Secretary of State, in relation to—</intro><level class="para2" eId="section-37-9-a-i"><num>(i)</num><content>any provision of Part 1, other than section 14 and section 20, and</content></level><level class="para2" eId="section-37-9-a-ii"><num>(ii)</num><content>section 35;</content></level></level><level class="para1" eId="section-37-9-b"><num>(b)</num><intro>the Treasury, in relation to—</intro><level class="para2" eId="section-37-9-b-i"><num>(i)</num><content>sections 14 and 20, and</content></level><level class="para2" eId="section-37-9-b-ii"><num>(ii)</num><content>any provision of Part 2, other than section 35.</content></level></level></subsection><subsection eId="section-37-10"><num>(10)</num><content>The Treasury must obtain the consent of the Lord Chancellor before making regulations under subsection (5) or (7) in relation to section 33.</content></subsection></section><section eId="section-38"><num>38</num><heading>Short title</heading><content>This Act may be cited as the Financial Guidance and Claims Act 2018.</content></section></part>

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-36"><num>36</num><heading>Extent</heading><subsection eId="section-36-1"><num>(1)</num><content>Part 1, other than the provisions mentioned in subsections (2) to (5), extends to England and Wales, Scotland and Northern Ireland.</content></subsection><subsection eId="section-36-2"><num>(2)</num><content>Sections 6 and 7 extend to England and Wales and Northern Ireland.</content></subsection><subsection eId="section-36-3"><num>(3)</num><intro>In section 12—</intro><level class="para1" eId="section-36-3-a"><num>(a)</num><content>subsections (1) and (3) extend to England and Wales and Scotland;</content></level><level class="para1" eId="section-36-3-b"><num>(b)</num><content>subsections (2) and (4) extend to Northern Ireland.</content></level></subsection><subsection eId="section-36-4"><num>(4)</num><intro>In section 19—</intro><level class="para1" eId="section-36-4-a"><num>(a)</num><content>subsections (1) to (5) extend to England and Wales and Scotland;</content></level><level class="para1" eId="section-36-4-b"><num>(b)</num><content>subsections (6) to (9) extend to Northern Ireland.</content></level></subsection><subsection eId="section-36-5"><num>(5)</num><content>Paragraph 24 of Schedule 3 extends to England and Wales and Scotland.</content></subsection><subsection eId="section-36-6"><num>(6)</num><content>Part 2, other than the provisions mentioned in subsections (7) and (8), extends to England and Wales and Scotland.</content></subsection><subsection eId="section-36-7"><num>(7)</num><intro>The following provisions extend to England and Wales—</intro><level class="para1" eId="section-36-7-a"><num>(a)</num><content>section 27(14) and Schedule 4;</content></level><level class="para1" eId="section-36-7-b"><num>(b)</num><content>section 30;</content></level><level class="para1" eId="section-36-7-c"><num>(c)</num><content>section 32.</content></level></subsection><subsection eId="section-36-8"><num>(8)</num><content>Section 35 extends to England and Wales, Scotland and Northern Ireland.</content></subsection><subsection eId="section-36-9"><num>(9)</num><content>This Part extends to England and Wales, Scotland and Northern Ireland.</content></subsection></section>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-36-1"><num>(1)</num><content>Part 1, other than the provisions mentioned in subsections (2) to (5), extends to England and Wales, Scotland and Northern Ireland.</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-36-2"><num>(2)</num><content>Sections 6 and 7 extend to England and Wales and Northern Ireland.</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-36-3"><num>(3)</num><intro>In section 12—</intro><level class="para1" eId="section-36-3-a"><num>(a)</num><content>subsections (1) and (3) extend to England and Wales and Scotland;</content></level><level class="para1" eId="section-36-3-b"><num>(b)</num><content>subsections (2) and (4) extend to Northern Ireland.</content></level></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-36-4"><num>(4)</num><intro>In section 19—</intro><level class="para1" eId="section-36-4-a"><num>(a)</num><content>subsections (1) to (5) extend to England and Wales and Scotland;</content></level><level class="para1" eId="section-36-4-b"><num>(b)</num><content>subsections (6) to (9) extend to Northern Ireland.</content></level></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-36-5"><num>(5)</num><content>Paragraph 24 of Schedule 3 extends to England and Wales and Scotland.</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-36-6"><num>(6)</num><content>Part 2, other than the provisions mentioned in subsections (7) and (8), extends to England and Wales and Scotland.</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-36-7"><num>(7)</num><intro>The following provisions extend to England and Wales—</intro><level class="para1" eId="section-36-7-a"><num>(a)</num><content>section 27(14) and Schedule 4;</content></level><level class="para1" eId="section-36-7-b"><num>(b)</num><content>section 30;</content></level><level class="para1" eId="section-36-7-c"><num>(c)</num><content>section 32.</content></level></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-36-8"><num>(8)</num><content>Section 35 extends to England and Wales, Scotland and Northern Ireland.</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-36-9"><num>(9)</num><content>This Part extends to England and Wales, Scotland and Northern Ireland.</content></subsection>

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-37"><num>37</num><heading>Commencement</heading><subsection eId="section-37-1"><num>(1)</num><intro>The following provisions come into force on the day this Act is passed—</intro><level class="para1" eId="section-37-1-a"><num>(a)</num><content>section 11(1) and (3);</content></level><level class="para1" eId="section-37-1-b"><num>(b)</num><content>section 12;</content></level><level class="para1" eId="section-37-1-c"><num>(c)</num><content>section 13;</content></level><level class="para1" eId="section-37-1-d"><num>(d)</num><content>section 21;</content></level><level class="para1" eId="section-37-1-e"><num>(e)</num><intro>the following paragraphs of Schedule 3 (and section 25 so far as it relates to those paragraphs)—</intro><level class="para2" eId="section-37-1-e-i"><num>(i)</num><content>paragraph 5,</content></level><level class="para2" eId="section-37-1-e-ii"><num>(ii)</num><content>paragraph 13(a),</content></level><level class="para2" eId="section-37-1-e-iii"><num>(iii)</num><content>paragraph 14(1), (2)(a) and (3)(a), and</content></level><level class="para2" eId="section-37-1-e-iv"><num>(iv)</num><content>paragraph 21(1), (5)(a)(i) and (5)(b)(iii);</content></level></level><level class="para1" eId="section-37-1-f"><num>(f)</num><content>section 27(15) and Schedule 5;</content></level><level class="para1" eId="section-37-1-g"><num>(g)</num><content>this Part.</content></level></subsection><subsection eId="section-37-2"><num>(2)</num><content>Subsections (6) to (9) of section 19 come into force on a day appointed by order made by the Department for Communities in Northern Ireland.</content></subsection><subsection eId="section-37-3"><num>(3)</num><intro>An order under subsection (2) may make—</intro><level class="para1" eId="section-37-3-a"><num>(a)</num><content>transitional, transitory and saving provision in connection with the coming into force of any provision in section 19(6) to (9);</content></level><level class="para1" eId="section-37-3-b"><num>(b)</num><content>incidental and supplementary provision, and</content></level><level class="para1" eId="section-37-3-c"><num>(c)</num><content>different provision for different purposes,</content></level><wrapUp>and the power to make such an order is exercisable by statutory rule for the purposes of the Statutory Rules (Northern Ireland) Order 1979 (<abbr class="acronym" title="Statutory Instrument">S.I.</abbr> 1979/1573 (N.I. 12)).</wrapUp></subsection><subsection eId="section-37-4"><num>(4)</num><content>Sections 22 and 29 to 32 come into force at the end of the period of two months beginning with the day on which this Act is passed.</content></subsection><subsection eId="section-37-5"><num>(5)</num><content>The other provisions of this Act come into force on a day appointed by regulations.</content></subsection><subsection eId="section-37-6"><num>(6)</num><content>Regulations under subsection (5) must provide for sections 6 and 7 to come into force on the same day as section 1(1).</content></subsection><subsection eId="section-37-7"><num>(7)</num><content>Regulations may make transitional, transitory and saving provision in connection with the coming into force of any provision of Part 1 or 2 except section 19(6) to (9).</content></subsection><subsection eId="section-37-8"><num>(8)</num><intro>Regulations under subsection (5) or (7) may make—</intro><level class="para1" eId="section-37-8-a"><num>(a)</num><content>incidental and supplementary provision,</content></level><level class="para1" eId="section-37-8-b"><num>(b)</num><content>different provision for different purposes, and</content></level><level class="para1" eId="section-37-8-c"><num>(c)</num><content>different provision for different areas.</content></level></subsection><subsection eId="section-37-9"><num>(9)</num><intro>Regulations under subsection (5) or (7) are to be made by statutory instrument by—</intro><level class="para1" eId="section-37-9-a"><num>(a)</num><intro>the Secretary of State, in relation to—</intro><level class="para2" eId="section-37-9-a-i"><num>(i)</num><content>any provision of Part 1, other than section 14 and section 20, and</content></level><level class="para2" eId="section-37-9-a-ii"><num>(ii)</num><content>section 35;</content></level></level><level class="para1" eId="section-37-9-b"><num>(b)</num><intro>the Treasury, in relation to—</intro><level class="para2" eId="section-37-9-b-i"><num>(i)</num><content>sections 14 and 20, and</content></level><level class="para2" eId="section-37-9-b-ii"><num>(ii)</num><content>any provision of Part 2, other than section 35.</content></level></level></subsection><subsection eId="section-37-10"><num>(10)</num><content>The Treasury must obtain the consent of the Lord Chancellor before making regulations under subsection (5) or (7) in relation to section 33.</content></subsection></section>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-37-1"><num>(1)</num><intro>The following provisions come into force on the day this Act is passed—</intro><level class="para1" eId="section-37-1-a"><num>(a)</num><content>section 11(1) and (3);</content></level><level class="para1" eId="section-37-1-b"><num>(b)</num><content>section 12;</content></level><level class="para1" eId="section-37-1-c"><num>(c)</num><content>section 13;</content></level><level class="para1" eId="section-37-1-d"><num>(d)</num><content>section 21;</content></level><level class="para1" eId="section-37-1-e"><num>(e)</num><intro>the following paragraphs of Schedule 3 (and section 25 so far as it relates to those paragraphs)—</intro><level class="para2" eId="section-37-1-e-i"><num>(i)</num><content>paragraph 5,</content></level><level class="para2" eId="section-37-1-e-ii"><num>(ii)</num><content>paragraph 13(a),</content></level><level class="para2" eId="section-37-1-e-iii"><num>(iii)</num><content>paragraph 14(1), (2)(a) and (3)(a), and</content></level><level class="para2" eId="section-37-1-e-iv"><num>(iv)</num><content>paragraph 21(1), (5)(a)(i) and (5)(b)(iii);</content></level></level><level class="para1" eId="section-37-1-f"><num>(f)</num><content>section 27(15) and Schedule 5;</content></level><level class="para1" eId="section-37-1-g"><num>(g)</num><content>this Part.</content></level></subsection>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-37-1-a"><num>(a)</num><content>section 11(1) and (3);</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-37-1-b"><num>(b)</num><content>section 12;</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-37-1-c"><num>(c)</num><content>section 13;</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-37-1-d"><num>(d)</num><content>section 21;</content></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-37-1-e"><num>(e)</num><intro>the following paragraphs of Schedule 3 (and section 25 so far as it relates to those paragraphs)—</intro><level class="para2" eId="section-37-1-e-i"><num>(i)</num><content>paragraph 5,</content></level><level class="para2" eId="section-37-1-e-ii"><num>(ii)</num><content>paragraph 13(a),</content></level><level class="para2" eId="section-37-1-e-iii"><num>(iii)</num><content>paragraph 14(1), (2)(a) and (3)(a), and</content></level><level class="para2" eId="section-37-1-e-iv"><num>(iv)</num><content>paragraph 21(1), (5)(a)(i) and (5)(b)(iii);</content></level></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-37-1-f"><num>(f)</num><content>section 27(15) and Schedule 5;</content></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-37-2"><num>(2)</num><content>Subsections (6) to (9) of section 19 come into force on a day appointed by order made by the Department for Communities in Northern Ireland.</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-37-3"><num>(3)</num><intro>An order under subsection (2) may make—</intro><level class="para1" eId="section-37-3-a"><num>(a)</num><content>transitional, transitory and saving provision in connection with the coming into force of any provision in section 19(6) to (9);</content></level><level class="para1" eId="section-37-3-b"><num>(b)</num><content>incidental and supplementary provision, and</content></level><level class="para1" eId="section-37-3-c"><num>(c)</num><content>different provision for different purposes,</content></level><wrapUp>and the power to make such an order is exercisable by statutory rule for the purposes of the Statutory Rules (Northern Ireland) Order 1979 (<abbr class="acronym" title="Statutory Instrument">S.I.</abbr> 1979/1573 (N.I. 12)).</wrapUp></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-37-4"><num>(4)</num><content>Sections 22 and 29 to 32 come into force at the end of the period of two months beginning with the day on which this Act is passed.</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-37-5"><num>(5)</num><content>The other provisions of this Act come into force on a day appointed by regulations.</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-37-6"><num>(6)</num><content>Regulations under subsection (5) must provide for sections 6 and 7 to come into force on the same day as section 1(1).</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-37-7"><num>(7)</num><content>Regulations may make transitional, transitory and saving provision in connection with the coming into force of any provision of Part 1 or 2 except section 19(6) to (9).</content></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-37-8"><num>(8)</num><intro>Regulations under subsection (5) or (7) may make—</intro><level class="para1" eId="section-37-8-a"><num>(a)</num><content>incidental and supplementary provision,</content></level><level class="para1" eId="section-37-8-b"><num>(b)</num><content>different provision for different purposes, and</content></level><level class="para1" eId="section-37-8-c"><num>(c)</num><content>different provision for different areas.</content></level></subsection>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-37-9"><num>(9)</num><intro>Regulations under subsection (5) or (7) are to be made by statutory instrument by—</intro><level class="para1" eId="section-37-9-a"><num>(a)</num><intro>the Secretary of State, in relation to—</intro><level class="para2" eId="section-37-9-a-i"><num>(i)</num><content>any provision of Part 1, other than section 14 and section 20, and</content></level><level class="para2" eId="section-37-9-a-ii"><num>(ii)</num><content>section 35;</content></level></level><level class="para1" eId="section-37-9-b"><num>(b)</num><intro>the Treasury, in relation to—</intro><level class="para2" eId="section-37-9-b-i"><num>(i)</num><content>sections 14 and 20, and</content></level><level class="para2" eId="section-37-9-b-ii"><num>(ii)</num><content>any provision of Part 2, other than section 35.</content></level></level></subsection>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-37-9-a"><num>(a)</num><intro>the Secretary of State, in relation to—</intro><level class="para2" eId="section-37-9-a-i"><num>(i)</num><content>any provision of Part 1, other than section 14 and section 20, and</content></level><level class="para2" eId="section-37-9-a-ii"><num>(ii)</num><content>section 35;</content></level></level>

<level xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" class="para1" eId="section-37-9-b"><num>(b)</num><intro>the Treasury, in relation to—</intro><level class="para2" eId="section-37-9-b-i"><num>(i)</num><content>sections 14 and 20, and</content></level><level class="para2" eId="section-37-9-b-ii"><num>(ii)</num><content>any provision of Part 2, other than section 35.</content></level></level>

<subsection xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-37-10"><num>(10)</num><content>The Treasury must obtain the consent of the Lord Chancellor before making regulations under subsection (5) or (7) in relation to section 33.</content></subsection>

<section xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" eId="section-38"><num>38</num><heading>Short title</heading><content>This Act may be cited as the Financial Guidance and Claims Act 2018.</content></section>

<hcontainer xmlns="http://docs.oasis-open.org/legaldocml/ns/akn/3.0" xmlns:ukl="http://www.legislation.gov.uk/namespaces/legislation" xmlns:uk="https://www.legislation.gov.uk/namespaces/UK-AKN" name="schedules" eId="schedules"><heading>SCHEDULES</heading><hcontainer name="schedule" eId="schedule-1"><num>SCHEDULE 1<authorialNote class="referenceNote"> Section 1</authorialNote></num><heading>THE SINGLE FINANCIAL GUIDANCE BODY</heading><hcontainer name="crossheading" ukl:Name="Pblock" eId="schedule-1-crossheading-status"><heading>Status</heading><paragraph eId="schedule-1-paragraph-1" class="schProv1"><num>1</num><subparagraph eId="schedule-1-paragraph-1-1"><num>(1)</num><intro>The single financial guidance body is not to be regarded—</intro><level class="para1" eId="schedule-1-paragraph-1-1-a"><num>(a)</num><content>as a servant or agent of the Crown, or</content></level><level class="para1" eId="schedule-1-paragraph-1-1-b"><num>(b)</num><content>as enjoying any status, immunity or privilege of the Crown.</content></level></subparagraph><subparagraph eId="schedule-1-paragraph-1-2"><num>(2)</num><content>The members and employees of the single financial guidance body are not to be regarded as Crown servants.</content></subparagraph></paragraph></hcontainer><hcontainer name="crossheading" ukl:Name="Pblock" eId="schedule-1-crossheading-members-general"><heading>Members: general</heading><paragraph eId="schedule-1-paragraph-2" class="schProv1"><num>2</num><subparagraph eId="schedule-1-paragraph-2-1"><num>(1)</num><intro>The single financial guidance body is to consist of—</intro><level class="para1" eId="schedule-1-paragraph-2-1-a"><num>(a)</num><content>a chair (who is to be a non-executive member of the body) appointed by the Secretary of State,</content></level><level class="para1" eId="schedule-1-paragraph-2-1-b"><num>(b)</num><content>other non-executive members appointed by the Secretary of State, and</content></level><level class="para1" eId="schedule-1-paragraph-2-1-c"><num>(c)</num><content>executive members, appointed in accordance with paragraph 6.</content></level></subparagraph><subparagraph eId="schedule-1-paragraph-2-2"><num>(2)</num><content>The Secretary of State and the non-executive members must ensure, so far as practicable, that the number of non-executive members is at all times greater than the number of executive members.</content></subparagraph></paragraph></hcontainer><hcontainer name="crossheading" ukl:Name="Pblock" eId="schedule-1-crossheading-nonexecutive-members-tenure"><heading>Non-executive members: tenure</heading><paragraph eId="schedule-1-paragraph-3" class="schProv1"><num>3</num><subparagraph eId="schedule-1-paragraph-3-1"><num>(1)</num><content>The non-executive members hold and vacate office in accordance with the terms of their appointment (subject to this Schedule).</content></subparagraph><subparagraph eId="schedule-1-paragraph-3-2"><num>(2)</num><content>A non-executive member may resign by notice in writing to the Secretary of State.</content></subparagraph><subparagraph eId="schedule-1-paragraph-3-3"><num>(3)</num><intro>The Secretary of State may remove a non-executive member from office by notice if the Secretary of State is satisfied that the member—</intro><level class="para1" eId="schedule-1-paragraph-3-3-a"><num>(a)</num><content>has a conflict of interest (see paragraph 4),</content></level><level class="para1" eId="schedule-1-paragraph-3-3-b"><num>(b)</num><content>has at any time been the subject of a bankruptcy order or has had his or her estate sequestrated,</content></level><level class="para1" eId="schedule-1-paragraph-3-3-c"><num>(c)</num><content>has at any time made a composition or arrangement with, or granted a trust deed for, his or her creditors,</content></level><level class="para1" eId="schedule-1-paragraph-3-3-d"><num>(d)</num><content>has at any time been convicted of any offence involving dishonesty or deception,</content></level><level class="para1" eId="schedule-1-paragraph-3-3-e"><num>(e)</num><content>is unfit for office by reason of misconduct,</content></level><level class="para1" eId="schedule-1-paragraph-3-3-f"><num>(f)</num><content>has failed to comply with the terms of his or her appointment,</content></level><level class="para1" eId="schedule-1-paragraph-3-3-g"><num>(g)</num><content>has without reasonable excuse failed to discharge the functions of his or her office, or</content></level><level class="para1" eId="schedule-1-paragraph-3-3-h"><num>(h)</num><content>is otherwise incapable of discharging, or unfit or unwilling to discharge, the functions of his or her office.</content></level></subparagraph></paragraph></hcontainer><hcontainer name="crossheading" ukl:Name="Pblock" eId="schedule-1-crossheading-nonexecutive-members-conflicts-of-interest"><heading>Non-executive members: conflicts of interest</heading><paragraph eId="schedule-1-paragraph-4" class="schProv1"><num>4</num><subparagraph eId="schedule-1-paragraph-4-1"><num>(1)</num><content>Before appointing a person to be a non-executive member, the Secretary of State must be satisfied that the person does not have a conflict of interest.</content></subparagraph><subparagraph eId="schedule-1-paragraph-4-2"><num>(2)</num><content>A non-executive member, or a person the Secretary of State proposes to appoint as a non-executive member, must provide the Secretary of State with such information as the Secretary of State requires from the person in order to determine whether the person has a conflict of interest (whether for the purposes of sub-paragraph (1) or paragraph 3(3)(a)).</content></subparagraph><subparagraph eId="schedule-1-paragraph-4-3"><num>(3)</num><content>In this Schedule, “<term refersTo="#term-conflict-of-interest" eId="term-conflict-of-interest">conflict of interest</term>”, in relation to a person, means a financial or other interest which is likely to affect prejudicially the discharge by the person of his or her functions as a member or employee of the single financial guidance body, or as a member of a committee or sub-committee of the single financial guidance body.</content></subparagraph></paragraph></hcontainer><hcontainer name="crossheading" ukl:Name="Pblock" eId="schedule-1-crossheading-nonexecutive-members-remuneration-etc"><heading>Non-executive members: remuneration <abbr title="Et cetera" xml:lang="la">etc</abbr></heading><paragraph eId="schedule-1-paragraph-5" class="schProv1"><num>5</num><subparagraph eId="schedule-1-paragraph-5-1"><num>(1)</num><intro>The single financial guidance body may—</intro><level class="para1" eId="schedule-1-paragraph-5-1-a"><num>(a)</num><content>pay to the non-executive members such remuneration, and</content></level><level class="para1" eId="schedule-1-paragraph-5-1-b"><num>(b)</num><content>pay to or in respect of the non-executive members such sums by way of or in respect of allowances and gratuities,</content></level><wrapUp>as the Secretary of State may determine.</wrapUp></subparagraph><subparagraph eId="schedule-1-paragraph-5-2"><num>(2)</num><intro>Where—</intro><level class="para1" eId="schedule-1-paragraph-5-2-a"><num>(a)</num><content>a person whose term of office as a non-executive member has not expired ceases to hold that office, and</content></level><level class="para1" eId="schedule-1-paragraph-5-2-b"><num>(b)</num><content>the Secretary of State thinks there are special circumstances that make it right for the person to receive compensation,</content></level><wrapUp>the single financial guidance body may make a payment to the person of such amount as the Secretary of State may determine.</wrapUp></subparagraph></paragraph></hcontainer><hcontainer name="crossheading" ukl:Name="Pblock" eId="schedule-1-crossheading-executive-members-appointment"><heading>Executive members: appointment</heading><paragraph eId="schedule-1-paragraph-6" class="schProv1"><num>6</num><subparagraph eId="schedule-1-paragraph-6-1"><num>(1)</num><intro>Before the date on which the single financial guidance body first starts to provide services to members of the public, the Secretary of State must appoint—</intro><level class="para1" eId="schedule-1-paragraph-6-1-a"><num>(a)</num><content>a person to be the chief executive of the single financial guidance body, and</content></level><level class="para1" eId="schedule-1-paragraph-6-1-b"><num>(b)</num><content>other persons to be the executive members of the body.</content></level></subparagraph><subparagraph eId="schedule-1-paragraph-6-2"><num>(2)</num><content>Appointments of executive members (including the chief executive) made on or after the date on which the single financial guidance body first starts to provide services to members of the public are to be made by the single financial guidance body, with the approval of the Secretary of State.</content></subparagraph></paragraph></hcontainer><hcontainer name="crossheading" ukl:Name="Pblock" eId="schedule-1-crossheading-executive-members-terms-and-conditions"><heading>Executive members: terms and conditions</heading><paragraph eId="schedule-1-paragraph-7" class="schProv1"><num>7</num><subparagraph eId="schedule-1-paragraph-7-1"><num>(1)</num><content>The executive members are to be employees of the single financial guidance body.</content></subparagraph><subparagraph eId="schedule-1-paragraph-7-2"><num>(2)</num><content>Executive members appointed under paragraph 6(1) are to be employed by the single financial guidance body on such terms and conditions, including those as to remuneration, as the Secretary of State may determine.</content></subparagraph><subparagraph eId="schedule-1-paragraph-7-3"><num>(3)</num><content>Executive members appointed under paragraph 6(2) are to be employed by the single financial guidance body on such terms and conditions, including those as to remuneration, as the body may determine, with the approval of the Secretary of State.</content></subparagraph><subparagraph eId="schedule-1-paragraph-7-4"><num>(4)</num><intro>The single financial guidance body must—</intro><level class="para1" eId="schedule-1-paragraph-7-4-a"><num>(a)</num><content>pay to or in respect of the executive members such pensions, allowances and gratuities, or</content></level><level class="para1" eId="schedule-1-paragraph-7-4-b"><num>(b)</num><content>provide and maintain for them such pension schemes (whether contributory or not),</content></level><wrapUp>as the body may determine, with the approval of the Secretary of State.</wrapUp></subparagraph></paragraph></hcontainer><hcontainer name="crossheading" ukl:Name="Pblock" eId="schedule-1-crossheading-other-staff-appointment-terms-and-conditions"><heading>Other staff: appointment, terms and conditions</heading><paragraph eId="schedule-1-paragraph-8" class="schProv1"><num>8</num><content>The single financial guidance body may appoint other employees on such terms and conditions, including those as to remuneration and pension arrangements, as the single financial guidance body may determine.</content></paragraph></hcontainer><hcontainer name="crossheading" ukl:Name="Pblock" eId="schedule-1-crossheading-committees"><heading>Committees</heading><paragraph eId="schedule-1-paragraph-9" class="schProv1"><num>9</num><subparagraph eId="schedule-1-paragraph-9-1"><num>(1)</num><intro>The single financial guidance body may—</intro><level class="para1" eId="schedule-1-paragraph-9-1-a"><num>(a)</num><content>establish a committee for the purpose of discharging any of its functions, and</content></level><level class="para1" eId="schedule-1-paragraph-9-1-b"><num>(b)</num><content>establish a committee for the purpose of giving advice to the body about matters relating to the discharge of its functions.</content></level></subparagraph><subparagraph eId="schedule-1-paragraph-9-2"><num>(2)</num><content>A committee may consist of or include persons who are neither members nor employees of the single financial guidance body.</content></subparagraph><subparagraph eId="schedule-1-paragraph-9-3"><num>(3)</num><content>But a committee that discharges any functions of the single financial guidance body, by virtue of sub-paragraph (1)(a) or paragraph 10, must include at least one person who is either a member or an employee of the single financial guidance body.</content></subparagraph><subparagraph eId="schedule-1-paragraph-9-4"><num>(4)</num><content>Where a person who is neither a member nor an employee of the single financial guidance body is a member of a committee, the body may pay to that person such remuneration and expenses as it may determine.</content></subparagraph><subparagraph eId="schedule-1-paragraph-9-5"><num>(5)</num><content>A committee may establish a sub-committee.</content></subparagraph><subparagraph eId="schedule-1-paragraph-9-6"><num>(6)</num><content>A sub-committee must include at least one person who is a member of the committee that established it.</content></subparagraph><subparagraph eId="schedule-1-paragraph-9-7"><num>(7)</num><content>A sub-committee that discharges any functions of the single financial guidance body must include at least one person who is either a member or an employee of the single financial guidance body.</content></subparagraph></paragraph></hcontainer><hcontainer name="crossheading" ukl:Name="Pblock" eId="schedule-1-crossheading-delegation"><heading>Delegation</heading><paragraph eId="schedule-1-paragraph-10" class="schProv1"><num>10</num><subparagraph eId="schedule-1-paragraph-10-1"><num>(1)</num><intro>The single financial guidance body may delegate any function conferred on it to—</intro><level class="para1" eId="schedule-1-paragraph-10-1-a"><num>(a)</num><content>a committee,</content></level><level class="para1" eId="schedule-1-paragraph-10-1-b"><num>(b)</num><content>a member, or</content></level><level class="para1" eId="schedule-1-paragraph-10-1-c"><num>(c)</num><content>an employee.</content></level></subparagraph><subparagraph eId="schedule-1-paragraph-10-2"><num>(2)</num><intro>A committee may delegate any function conferred on it to—</intro><level class="para1" eId="schedule-1-paragraph-10-2-a"><num>(a)</num><content>a sub-committee,</content></level><level class="para1" eId="schedule-1-paragraph-10-2-b"><num>(b)</num><content>a member of the committee,</content></level><level class="para1" eId="schedule-1-paragraph-10-2-c"><num>(c)</num><content>a member of the single financial guidance body, or</content></level><level class="para1" eId="schedule-1-paragraph-10-2-d"><num>(d)</num><content>an employee of the single financial guidance body.</content></level></subparagraph></paragraph></hcontainer><hcontainer name="crossheading" ukl:Name="Pblock" eId="schedule-1-crossheading-procedure-etc"><heading>Procedure <abbr title="Et cetera" xml:lang="la">etc</abbr></heading><paragraph eId="schedule-1-paragraph-11" class="schProv1"><num>11</num><subparagraph eId="schedule-1-paragraph-11-1"><num>(1)</num><content>The single financial guidance body may regulate its own procedures (including quorum) and the procedures of its committees and sub-committees.</content></subparagraph><subparagraph eId="schedule-1-paragraph-11-2"><num>(2)</num><intro>The single financial guidance body's procedures must include arrangements for dealing with conflicts of interests of members, employees and members of committees and sub-committees, which must oblige a person who has or may have a conflict of interest—</intro><level class="para1" eId="schedule-1-paragraph-11-2-a"><num>(a)</num><content>to declare any financial or other personal interest relevant to the exercise of a function, and</content></level><level class="para1" eId="schedule-1-paragraph-11-2-b"><num>(b)</num><content>to withdraw from the exercise of the function, unless the single financial guidance body directs otherwise, being satisfied that the interest will not influence the exercise of the function.</content></level><wrapUp>For the meaning of “conflict of interest” in this Schedule, see paragraph 4(3).</wrapUp></subparagraph><subparagraph eId="schedule-1-paragraph-11-3"><num>(3)</num><content>The single financial guidance body must publish details of its procedures and the procedures of its committees and sub-committees.</content></subparagraph><subparagraph eId="schedule-1-paragraph-11-4"><num>(4)</num><intro>The single financial guidance body must make arrangements for the keeping of proper records—</intro><level class="para1" eId="schedule-1-paragraph-11-4-a"><num>(a)</num><content>of its proceedings,</content></level><level class="para1" eId="schedule-1-paragraph-11-4-b"><num>(b)</num><content>of the proceedings of its committees and sub-committees,</content></level><level class="para1" eId="schedule-1-paragraph-11-4-c"><num>(c)</num><content>of anything done by a person to whom functions have been delegated (see paragraph 10).</content></level></subparagraph></paragraph></hcontainer><hcontainer name="crossheading" ukl:Name="Pblock" eId="schedule-1-crossheading-validity-of-acts"><heading>Validity of acts</heading><paragraph eId="schedule-1-paragraph-12" class="schProv1"><num>12</num><content>A defect in appointment does not affect the validity of things done by a member of the single financial guidance body.</content></paragraph></hcontainer><hcontainer name="crossheading" ukl:Name="Pblock" eId="schedule-1-crossheading-authentication-of-seal"><heading>Authentication of seal</heading><paragraph eId="schedule-1-paragraph-13" class="schProv1"><num>13</num><subparagraph eId="schedule-1-paragraph-13-1"><num>(1)</num><intro>The application of the single financial guidance body's seal must be authenticated by the signature of—</intro><level class="para1" eId="schedule-1-paragraph-13-1-a"><num>(a)</num><content>a member of the single financial guidance body, or</content></level><level class="para1" eId="schedule-1-paragraph-13-1-b"><num>(b)</num><content>some other person who has been authorised by the single financial guidance body for that purpose (whether generally or specifically).</content></level></subparagraph><subparagraph eId="schedule-1-paragraph-13-2"><num>(2)</num><content>A document appearing to be duly sealed or signed on behalf of the single financial guidance body is to be received in evidence and, unless the contrary is proved, is to be taken to be duly signed or sealed.</content></subparagraph><subparagraph eId="schedule-1-paragraph-13-3"><num>(3)</num><content>This paragraph does not apply to Scotland.</content></subparagraph></paragraph></hcontainer><hcontainer name="crossheading" ukl:Name="Pblock" eId="schedule-1-crossheading-reports-and-accounts"><heading>Reports and accounts</heading><paragraph eId="schedule-1-paragraph-14" class="schProv1"><num>14</num><subparagraph eId="schedule-1-paragraph-14-1"><num>(1)</num><content>As soon as reasonably practicable after the end of each financial year, the single financial guidance body must send to the Secretary of State a report on the exercise of the single financial guidance body's functions during that year.</content></subparagraph><subparagraph eId="schedule-1-paragraph-14-2"><num>(2)</num><intro>The report must include—</intro><level class="para1" eId="schedule-1-paragraph-14-2-a"><num>(a)</num><content>a report on the proceedings of the single financial guidance body during the year, and</content></level><level class="para1" eId="schedule-1-paragraph-14-2-b"><num>(b)</num><content>such other information as the Secretary of State may direct.</content></level></subparagraph><subparagraph eId="schedule-1-paragraph-14-3"><num>(3)</num><content>On receiving the report, the Secretary of State must lay it before Parliament.</content></subparagraph><subparagraph eId="schedule-1-paragraph-14-4"><num>(4)</num><intro>The single financial guidance body must—</intro><level class="para1" eId="schedule-1-paragraph-14-4-a"><num>(a)</num><content>keep proper accounting records, and</content></level><level class="para1" eId="schedule-1-paragraph-14-4-b"><num>(b)</num><content>prepare a statement of accounts in respect of each financial year.</content></level></subparagraph><subparagraph eId="schedule-1-paragraph-14-5"><num>(5)</num><content>The statement must be in such form as the Secretary of State may direct.</content></subparagraph><subparagraph eId="schedule-1-paragraph-14-6"><num>(6)</num><intro>The single financial guidance body must send a copy of the statement of accounts to—</intro><level class="para1" eId="schedule-1-paragraph-14-6-a"><num>(a)</num><content>the Secretary of State, and</content></level><level class="para1" eId="schedule-1-paragraph-14-6-b"><num>(b)</num><content>the Comptroller and Auditor General,</content></level><wrapUp>within the time period directed by the Secretary of State.</wrapUp></subparagraph><subparagraph eId="schedule-1-paragraph-14-7"><num>(7)</num><intro>The Comptroller and Auditor General must—</intro><level class="para1" eId="schedule-1-paragraph-14-7-a"><num>(a)</num><content>examine, certify and report on the statement of accounts, and</content></level><level class="para1" eId="schedule-1-paragraph-14-7-b"><num>(b)</num><content>send a copy of the report to the Secretary of State.</content></level></subparagraph><subparagraph eId="schedule-1-paragraph-14-8"><num>(8)</num><content>The Secretary of State must lay before Parliament the statement of accounts and the report of the Comptroller and Auditor General.</content></subparagraph><subparagraph eId="schedule-1-paragraph-14-9"><num>(9)</num><intro>In this paragraph, “<term refersTo="#term-financial-year" eId="term-financial-year">financial year</term>” means—</intro><level class="para1" eId="schedule-1-paragraph-14-9-a"><num>(a)</num><content>the period beginning with the day on which this Schedule comes into force and ending with the following 31st March, and</content></level><level class="para1" eId="schedule-1-paragraph-14-9-b"><num>(b)</num><content>every subsequent period of 12 months ending with 31st March.</content></level></subparagraph></paragraph></hcontainer></hcontainer><hcontainer name="schedule" eId="schedule-2"><num>SCHEDULE 2<authorialNote class="referenceNote"> Section 1</authorialNote></num><heading>TRANSFER SCHEMES UNDER SECTION 1</heading><hcontainer name="crossheading" ukl:Name="Pblock" eId="schedule-2-crossheading-power-to-make-transfer-schemes"><heading>Power to make transfer schemes</heading><paragraph eId="schedule-2-paragraph-1" class="schProv1"><num>1</num><subparagraph eId="schedule-2-paragraph-1-1"><num>(1)</num><content>The Secretary of State may make one or more schemes providing for the transfer of designated property, rights and liabilities of the Secretary of State and the Pensions Advisory Service Limited to the single financial guidance body.</content></subparagraph><subparagraph eId="schedule-2-paragraph-1-2"><num>(2)</num><content>The Secretary of State may make one or more schemes providing for the transfer of designated property, rights and liabilities of the consumer financial education body to the single financial guidance body and the devolved authorities.</content></subparagraph><subparagraph eId="schedule-2-paragraph-1-3"><num>(3)</num><content>The rights and liabilities that may be transferred by a scheme include rights and liabilities under a contract of employment.</content></subparagraph><subparagraph eId="schedule-2-paragraph-1-4"><num>(4)</num><intro>For that purpose—</intro><level class="para1" eId="schedule-2-paragraph-1-4-a"><num>(a)</num><content>an individual who holds employment in the civil service of the State is to be treated as employed by virtue of a contract of employment; and</content></level><level class="para1" eId="schedule-2-paragraph-1-4-b"><num>(b)</num><content>the terms on which the individual holds that employment are to be regarded as constituting the terms of that contract.</content></level></subparagraph><subparagraph eId="schedule-2-paragraph-1-5"><num>(5)</num><intro>In this Schedule—</intro><hcontainer name="definition"><content>“<term refersTo="#term-designated" eId="term-designated">designated</term>” means specified in, or determined in accordance with, the scheme;</content></hcontainer><hcontainer name="definition"><content>“<term refersTo="#term-property" eId="term-property">property</term>” includes interests of any description.</content></hcontainer></subparagraph></paragraph></hcontainer><hcontainer name="crossheading" ukl:Name="Pblock" eId="schedule-2-crossheading-contents-of-a-scheme"><heading>Contents of a scheme</heading><paragraph eId="schedule-2-paragraph-2" class="schProv1"><num>2</num><subparagraph eId="schedule-2-paragraph-2-1"><num>(1)</num><intro>A scheme under this Schedule may, in particular, make provision—</intro><level class="para1" eId="schedule-2-paragraph-2-1-a"><num>(a)</num><content>for anything done by or in relation to the transferor in connection with any property, rights or liabilities transferred by the scheme to be treated as done, or to be continued, by or in relation to the transferee;</content></level><level class="para1" eId="schedule-2-paragraph-2-1-b"><num>(b)</num><content>for references (however expressed) to the transferor in any agreement, instrument or other document relating to property, rights or liabilities transferred by the scheme to be treated as references to the transferee;</content></level><level class="para1" eId="schedule-2-paragraph-2-1-c"><num>(c)</num><content>about the continuation of legal proceedings;</content></level><level class="para1" eId="schedule-2-paragraph-2-1-d"><num>(d)</num><content>for transferring property, rights or liabilities which could not otherwise be transferred or assigned;</content></level><level class="para1" eId="schedule-2-paragraph-2-1-e"><num>(e)</num><content>for transferring property, rights or liabilities irrespective of any requirement for consent which would otherwise apply;</content></level><level class="para1" eId="schedule-2-paragraph-2-1-f"><num>(f)</num><content>for preventing a right of pre-emption, right of reverter, right of forfeiture, right to compensation or other similar right from arising or becoming exercisable as a result of the transfer of property, rights or liabilities;</content></level><level class="para1" eId="schedule-2-paragraph-2-1-g"><num>(g)</num><content>for dispensing with any formality in relation to the transfer of property, rights or liabilities by the scheme;</content></level><level class="para1" eId="schedule-2-paragraph-2-1-h"><num>(h)</num><content>for transferring property acquired, or rights or liabilities arising, after the scheme is made but before it takes effect;</content></level><level class="para1" eId="schedule-2-paragraph-2-1-i"><num>(i)</num><content>for apportioning property, rights or liabilities;</content></level><level class="para1" eId="schedule-2-paragraph-2-1-j"><num>(j)</num><content>for creating rights, or imposing liabilities, in connection with property, rights or liabilities transferred by the scheme;</content></level><level class="para1" eId="schedule-2-paragraph-2-1-k"><num>(k)</num><content>for requiring the transferee to enter into any agreement of any kind, or for a purpose, specified in or determined in accordance with the scheme;</content></level><level class="para1" eId="schedule-2-paragraph-2-1-l"><num>(l)</num><content>that is the same as or similar to provision made by the Transfer of Undertakings (Protection of Employment) Regulations 2006 (<abbr class="acronym" title="Statutory Instrument">S.I.</abbr> 2006/246), if those Regulations do not apply to the transfer.</content></level></subparagraph><subparagraph eId="schedule-2-paragraph-2-2"><num>(2)</num><intro>Sub-paragraph (1)(b) does not apply to references in any of the following—</intro><level class="para1" eId="schedule-2-paragraph-2-2-a"><num>(a)</num><content>an Act of Parliament;</content></level><level class="para1" eId="schedule-2-paragraph-2-2-b"><num>(b)</num><content>an Act of the Scottish Parliament;</content></level><level class="para1" eId="schedule-2-paragraph-2-2-c"><num>(c)</num><content>an Act or Measure of the National Assembly for Wales;</content></level><level class="para1" eId="schedule-2-paragraph-2-2-d"><num>(d)</num><content>Northern Ireland legislation;</content></level><level class="para1" eId="schedule-2-paragraph-2-2-e"><num>(e)</num><content>subordinate legislation within the meaning of the Interpretation Act 1978 (see section 21(1) of that Act);</content></level><level class="para1" eId="schedule-2-paragraph-2-2-f"><num>(f)</num><content>an instrument made under legislation of the kind mentioned in paragraph (b), (c) or (d).</content></level></subparagraph><subparagraph eId="schedule-2-paragraph-2-3"><num>(3)</num><content>In sub-paragraph (1)(b), “<term refersTo="#term-agreement" eId="term-agreement">agreement</term>” includes an agreement that is not in writing.</content></subparagraph></paragraph></hcontainer><hcontainer name="crossheading" ukl:Name="Pblock" eId="schedule-2-crossheading-modifications-to-a-scheme"><heading>Modifications to a scheme</heading><paragraph eId="schedule-2-paragraph-3" class="schProv1"><num>3</num><subparagraph eId="schedule-2-paragraph-3-1"><num>(1)</num><content>The Secretary of State may modify a scheme made under this Schedule; but a modification relating to a transfer that has taken effect may be made only with the agreement of the person (or persons) affected by the modification.</content></subparagraph><subparagraph eId="schedule-2-paragraph-3-2"><num>(2)</num><content>A modification takes effect from such date as the Secretary of State may specify (which may be the date when the original scheme came into effect).</content></subparagraph></paragraph></hcontainer><hcontainer name="crossheading" ukl:Name="Pblock" eId="schedule-2-crossheading-supplementary"><heading>Supplementary</heading><paragraph eId="schedule-2-paragraph-4" class="schProv1"><num>4</num><intro>A scheme may—</intro><level class="para1" eId="schedule-2-paragraph-4-a"><num>(a)</num><content>contain incidental, supplementary and consequential provisions;</content></level><level class="para1" eId="schedule-2-paragraph-4-b"><num>(b)</num><content>make transitory or transitional provision or savings;</content></level><level class="para1" eId="schedule-2-paragraph-4-c"><num>(c)</num><content>make different provision for different purposes;</content></level><level class="para1" eId="schedule-2-paragraph-4-d"><num>(d)</num><content>make provision subject to exceptions.</content></level></paragraph></hcontainer></hcontainer><hcontainer name="schedule" eId="schedule-3"><num>SCHEDULE 3<authorialNote class="referenceNote"> Section 25</authorialNote></num><heading>MINOR AND CONSEQUENTIAL AMENDMENTS RELATING TO PART 1</heading><hcontainer name="crossheading" ukl:Name="Pblock" eId="schedule-3-crossheading-public-records-act-1958-c-51"><heading>Public Records Act 1958 (c. 51)</heading><paragraph eId="schedule-3-paragraph-1" class="schProv1"><num>1</num><content><mod>In Schedule 1 to the Public Records Act 1958 (definition of public records), in paragraph 3, in Part 2 of the Table, at the appropriate place insert— <quotedText>“ The single financial guidance body. ”</quotedText></mod></content></paragraph></hcontainer><hcontainer name="crossheading" ukl:Name="Pblock" eId="schedule-3-crossheading-parliamentary-commissioner-act-1967-c-13"><heading>Parliamentary Commissioner Act 1967 (c. 13)</heading><paragraph eId="schedule-3-paragraph-2" class="schProv1"><num>2</num><content><mod>In Schedule 2 to the Parliamentary Commissioner Act 1967 (departments <abbr title="Et cetera" xml:lang="la">etc</abbr> subject to investigation), at the appropriate place insert— <quotedText>“ The single financial guidance body. ”</quotedText></mod></content></paragraph></hcontainer><hcontainer name="crossheading" ukl:Name="Pblock" eId="schedule-3-crossheading-house-of-commons-disqualification-act-1975-c-24"><heading>House of Commons Disqualification Act 1975 (c. 24)</heading><paragraph eId="schedule-3-paragraph-3" class="schProv1"><num>3</num><content><mod>In Part 2 of Schedule 1 to the House of Commons Disqualification Act 1975 (bodies of which all members are disqualified), at the appropriate place insert— <quotedText>“ The single financial guidance body. ”</quotedText></mod></content></paragraph></hcontainer><hcontainer name="crossheading" ukl:Name="Pblock" eId="schedule-3-crossheading-northern-ireland-assembly-disqualification-act-1975-c-25"><heading>Northern Ireland Assembly Disqualification Act 1975 (c. 25)</heading><paragraph eId="schedule-3-paragraph-4" class="schProv1"><num>4</num><content><mod>In Part 2 of Schedule 1 to the Northern Ireland Assembly Disqualification Act 1975 (bodies of which all members are disqualified), at the appropriate place insert— <quotedText>“ The single financial guidance body. ”</quotedText></mod></content></paragraph></hcontainer><hcontainer name="crossheading" ukl:Name="Pblock" eId="schedule-3-crossheading-financial-services-and-markets-act-2000-c-8"><heading>Financial Services and Markets Act 2000 (c. 8)</heading><paragraph eId="schedule-3-paragraph-5" class="schProv1"><num>5</num><content>The Financial Services and Markets Act 2000 is amended as follows.</content></paragraph><paragraph eId="schedule-3-paragraph-6" class="schProv1"><num>6</num><content><mod>In section 1A(6) (functions of the FCA), after paragraph (c) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="default"><level class="para1"><num>(cza)</num><content>the Financial Guidance and Claims Act 2018,</content></level></quotedStructure><inline name="appendText">.</inline></mod></content></paragraph><paragraph eId="schedule-3-paragraph-7" class="schProv1"><num>7</num><content>In section 1B (FCA's general duties), omit subsection (7A).</content></paragraph><paragraph eId="schedule-3-paragraph-8" class="schProv1"><num>8</num><content>In section 1C (the consumer protection objective), in subsection (2), omit paragraph (g).</content></paragraph><paragraph eId="schedule-3-paragraph-9" class="schProv1"><num>9</num><content>In section 1M (FCA's general duty to consult), omit the words “and its duties under section 333O”.</content></paragraph><paragraph eId="schedule-3-paragraph-10" class="schProv1"><num>10</num><content>In section 1S (reviews), in subsection (3) omit the words “or its duties under section 333O(1) and (2)(a)”.</content></paragraph><paragraph eId="schedule-3-paragraph-11" class="schProv1"><num>11</num><content><mod>In section 3R (arrangements for provision of services), in subsection (4), for paragraph (a) substitute—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="default"><level class="para1"><num>(a)</num><content>the single financial guidance body (see Part 1 of the Financial Guidance and Claims Act 2018),</content></level></quotedStructure><inline name="appendText">.</inline></mod></content></paragraph><paragraph eId="schedule-3-paragraph-12" class="schProv1"><num>12</num><content>Omit section 3S (the consumer financial education body).</content></paragraph><paragraph eId="schedule-3-paragraph-13" class="schProv1"><num>13</num><intro>In section 138F (notification of rules), in subsection (2) (exceptions to notification)—</intro><level class="para1" eId="schedule-3-paragraph-13-a"><num>(a)</num><content><mod>after “, 137FBA” insert <quotedText>“ , 137SA ”</quotedText>;</mod></content></level><level class="para1" eId="schedule-3-paragraph-13-b"><num>(b)</num><content><mod>before “, 137SA” (inserted by paragraph (a)), insert <quotedText>“ , 137FC ”</quotedText>;</mod></content></level><level class="para1" eId="schedule-3-paragraph-13-c"><num>(c)</num><content><mod>after “, 137SA” insert <quotedText>“ , 137SB ”</quotedText>;</mod></content></level><level class="para1" eId="schedule-3-paragraph-13-d"><num>(d)</num><content>omit “, 333Q, 333R”.</content></level></paragraph><paragraph eId="schedule-3-paragraph-14" class="schProv1"><num>14</num><subparagraph eId="schedule-3-paragraph-14-1"><num>(1)</num><content>Section 138I (consultation on rules by FCA) is amended as follows.</content></subparagraph><subparagraph eId="schedule-3-paragraph-14-2"><num>(2)</num><intro>In subsection (6) (exception to requirement to carry out cost benefit analysis)—</intro><level class="para1" eId="schedule-3-paragraph-14-2-a"><num>(a)</num><content><mod>after paragraph (ab) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="unknown" uk:docName="unknown" ukl:TargetClass="unknown" ukl:TargetSubClass="unknown" ukl:Context="unknown" ukl:Format="default"><level class="para1"><num>(ad)</num><content>section 137SA;</content></level></quotedStructure><inline name="appendText">;</inline></mod></content></level><level class="para1" eId="schedule-3-paragraph-14-2-b"><num>(b)</num><content><mod>before paragraph (ad) (inserted by paragraph (a)), insert—<quotedStructure startQuote="“" endQuote="”" uk:context="unknown" uk:docName="unknown" ukl:TargetClass="unknown" ukl:TargetSubClass="unknown" ukl:Context="unknown" ukl:Format="default"><level class="para1"><num>(ac)</num><content>section 137FC;</content></level></quotedStructure><inline name="appendText">;</inline></mod></content></level><level class="para1" eId="schedule-3-paragraph-14-2-c"><num>(c)</num><content><mod>after paragraph (ad) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="unknown" uk:docName="unknown" ukl:TargetClass="unknown" ukl:TargetSubClass="unknown" ukl:Context="unknown" ukl:Format="default"><level class="para1"><num>(ae)</num><content>section 137SB;</content></level></quotedStructure><inline name="appendText">;</inline></mod></content></level><level class="para1" eId="schedule-3-paragraph-14-2-d"><num>(d)</num><content>omit paragraphs (ca), (cb) and (e).</content></level></subparagraph><subparagraph eId="schedule-3-paragraph-14-3"><num>(3)</num><intro>In subsection (10) (exception to requirement to consult PRA before making rules)—</intro><level class="para1" eId="schedule-3-paragraph-14-3-a"><num>(a)</num><content><mod>after “137FBA” insert <quotedText>“ , 137SA ”</quotedText>;</mod></content></level><level class="para1" eId="schedule-3-paragraph-14-3-b"><num>(b)</num><content><mod>before “, 137SA” (inserted by paragraph (a)), insert <quotedText>“ , 137FC ”</quotedText>;</mod></content></level><level class="para1" eId="schedule-3-paragraph-14-3-c"><num>(c)</num><content><mod>after “, 137SA” insert <quotedText>“ , 137SB ”</quotedText>;</mod></content></level><level class="para1" eId="schedule-3-paragraph-14-3-d"><num>(d)</num><content>omit “, 333Q, 333R”.</content></level></subparagraph></paragraph><paragraph eId="schedule-3-paragraph-15" class="schProv1"><num>15</num><content>In section 138J (consultation on rules by PRA), in subsection (6), omit paragraph (e).</content></paragraph><paragraph eId="schedule-3-paragraph-16" class="schProv1"><num>16</num><content>In section 139A (power of FCA to give guidance), omit subsection (1A).</content></paragraph><paragraph eId="schedule-3-paragraph-17" class="schProv1"><num>17</num><intro>In section 140A (competition scrutiny: interpretation), in subsection (1), in paragraph (a) of the definition of “regulating provisions”—</intro><level class="para1" eId="schedule-3-paragraph-17-a"><num>(a)</num><content>in sub-paragraph (ii), omit “or 333P(9)”;</content></level><level class="para1" eId="schedule-3-paragraph-17-b"><num>(b)</num><content>omit sub-paragraphs (v) and (vi).</content></level></paragraph><paragraph eId="schedule-3-paragraph-18" class="schProv1"><num>18</num><content>In section 168 (appointment of persons to carry out investigations), in subsection (2)(a), omit “or 333G”.</content></paragraph><paragraph eId="schedule-3-paragraph-19" class="schProv1"><num>19</num><content>Omit Part 20A (sections 333A to 333R; pensions guidance).</content></paragraph><paragraph eId="schedule-3-paragraph-20" class="schProv1"><num>20</num><content>In section 429 (Parliamentary control of statutory instruments), in subsection (2), omit “, 333C, 333R”.</content></paragraph><paragraph eId="schedule-3-paragraph-21" class="schProv1"><num>21</num><subparagraph eId="schedule-3-paragraph-21-1"><num>(1)</num><content>Schedule 1ZA (the Financial Conduct Authority) is amended as follows.</content></subparagraph><subparagraph eId="schedule-3-paragraph-21-2"><num>(2)</num><intro>In paragraph 8 (arrangements for discharging functions)—</intro><level class="para1" eId="schedule-3-paragraph-21-2-a"><num>(a)</num><intro>in sub-paragraph (3)—</intro><level class="para2" eId="schedule-3-paragraph-21-2-a-i"><num>(i)</num><content><mod>in paragraph (c)(i), for “, 312J or 333K” substitute <quotedText>“ or 312J ”</quotedText>;</mod></content></level><level class="para2" eId="schedule-3-paragraph-21-2-a-ii"><num>(ii)</num><content>omit paragraph (e);</content></level></level><level class="para1" eId="schedule-3-paragraph-21-2-b"><num>(b)</num><content><mod>after sub-paragraph (3), insert—<quotedStructure startQuote="“" endQuote="”" uk:context="unknown" uk:docName="unknown" ukl:TargetClass="unknown" ukl:TargetSubClass="unknown" ukl:Context="unknown" ukl:Format="default"><subsection><num>(3A)</num><content>In exercising its functions under sections 9(2) and 10 of the Financial Guidance and Claims Act 2018 (approving and reviewing standards set by single financial guidance body), the FCA must act through its governing body.</content></subsection></quotedStructure><inline name="appendText">;</inline></mod></content></level><level class="para1" eId="schedule-3-paragraph-21-2-c"><num>(c)</num><content>in sub-paragraph (4), omit “or 333P(9)”.</content></level></subparagraph><subparagraph eId="schedule-3-paragraph-21-3"><num>(3)</num><intro>In paragraph 11 (annual report), in sub-paragraph (1)—</intro><level class="para1" eId="schedule-3-paragraph-21-3-a"><num>(a)</num><content>omit paragraph (hb);</content></level><level class="para1" eId="schedule-3-paragraph-21-3-b"><num>(b)</num><content><mod>omit the “and” at the end of paragraph (i), and after that paragraph insert—<quotedStructure startQuote="“" endQuote="”" uk:context="unknown" uk:docName="unknown" ukl:TargetClass="unknown" ukl:TargetSubClass="unknown" ukl:Context="unknown" ukl:Format="default"><level class="para1"><num>(ia)</num><content>how, in its opinion, it has complied with its duties under sections 9(2) and 10 of the Financial Guidance and Claims Act 2018, and</content></level></quotedStructure><inline name="appendText">.</inline></mod></content></level></subparagraph><subparagraph eId="schedule-3-paragraph-21-4"><num>(4)</num><intro>In paragraph 21 (financial penalty scheme), in sub-paragraph (2)—</intro><level class="para1" eId="schedule-3-paragraph-21-4-a"><num>(a)</num><content><mod>at the end of paragraph (c) insert <quotedText>“ and ”</quotedText>;</mod></content></level><level class="para1" eId="schedule-3-paragraph-21-4-b"><num>(b)</num><content>omit paragraph (e) (and the word “and” immediately preceding it).</content></level></subparagraph><subparagraph eId="schedule-3-paragraph-21-5"><num>(5)</num><intro>In paragraph 23 (fees)—</intro><level class="para1" eId="schedule-3-paragraph-21-5-a"><num>(a)</num><intro>in sub-paragraph (1)—</intro><level class="para2" eId="schedule-3-paragraph-21-5-a-i"><num>(i)</num><content><mod>after “sections” insert <quotedText>“ 137SA, ”</quotedText>;</mod></content></level><level class="para2" eId="schedule-3-paragraph-21-5-a-ii"><num>(ii)</num><content><mod>after “137SA” insert <quotedText>“ , 137SB ”</quotedText>;</mod></content></level><level class="para2" eId="schedule-3-paragraph-21-5-a-iii"><num>(iii)</num><content>omit “, 333Q, 333R”;</content></level></level><level class="para1" eId="schedule-3-paragraph-21-5-b"><num>(b)</num><intro>in sub-paragraph (2ZA)—</intro><level class="para2" eId="schedule-3-paragraph-21-5-b-i"><num>(i)</num><content>omit paragraph (a) (and the word “and” immediately following it);</content></level><level class="para2" eId="schedule-3-paragraph-21-5-b-ii"><num>(ii)</num><content><mod>in paragraph (b), for “sections 333R and 333T” substitute <quotedText>“ section 333T ”</quotedText>;</mod></content></level><level class="para2" eId="schedule-3-paragraph-21-5-b-iii"><num>(iii)</num><content><mod>after paragraph (b), insert<quotedText startQuote="“">, and </quotedText><quotedStructure endQuote="”" uk:context="unknown" uk:docName="unknown" ukl:TargetClass="unknown" ukl:TargetSubClass="unknown" ukl:Context="unknown" ukl:Format="default"><level class="para1"><num>(c)</num><content>its functions under section 137SA.</content></level></quotedStructure><inline name="appendText">;</inline></mod></content></level><level class="para2" eId="schedule-3-paragraph-21-5-b-iv"><num>(iv)</num><content><mod>in paragraph (c) (inserted by sub-paragraph (iii)), for “section 137SA” substitute <quotedText>“ sections 137SA and 137SB ”</quotedText>.</mod></content></level></level></subparagraph></paragraph><paragraph eId="schedule-3-paragraph-22" class="schProv1"><num>22</num><content>Omit Schedule 1A (further provision about the consumer financial education body).</content></paragraph></hcontainer><hcontainer name="crossheading" ukl:Name="Pblock" eId="schedule-3-crossheading-freedom-of-information-act-2000-c-36"><heading>Freedom of Information Act 2000 (c. 36)</heading><paragraph eId="schedule-3-paragraph-23" class="schProv1"><num>23</num><content><mod>In Part 6 of Schedule 1 to the Freedom of Information Act 2000 (public authorities: general), at the appropriate place insert—<quotedStructure startQuote="“" endQuote="”" uk:context="schedule" uk:docName="unknown" ukl:TargetClass="unknown" ukl:TargetSubClass="unknown" ukl:Context="schedule" ukl:Format="default">The single financial guidance body.</quotedStructure></mod></content></paragraph></hcontainer><hcontainer name="crossheading" ukl:Name="Pblock" eId="schedule-3-crossheading-equality-act-2010-c-15"><heading>Equality Act 2010 (c. 15)</heading><paragraph eId="schedule-3-paragraph-24" class="schProv1"><num>24</num><content><mod>In Part 1 of Schedule 19 to the Equality Act 2010 (public authorities: general), under the heading “Industry, business, finance <abbr title="Et cetera" xml:lang="la">etc</abbr>”, at the appropriate place insert—<quotedStructure startQuote="“" endQuote="”" uk:context="schedule" uk:docName="unknown" ukl:TargetClass="unknown" ukl:TargetSubClass="unknown" ukl:Context="schedule" ukl:Format="default">The single financial guidance body.</quotedStructure></mod></content></paragraph></hcontainer><hcontainer name="crossheading" ukl:Name="Pblock" eId="schedule-3-crossheading-financial-services-act-2010-c-28"><heading>Financial Services Act 2010 (c. 28)</heading><paragraph eId="schedule-3-paragraph-25" class="schProv1"><num>25</num><content>The Financial Services Act 2010 is amended as follows.</content></paragraph><paragraph eId="schedule-3-paragraph-26" class="schProv1"><num>26</num><content>In section 2 (enhancing public understanding of financial matters <abbr title="Et cetera" xml:lang="la">etc</abbr>), omit subsections (1) and (6).</content></paragraph><paragraph eId="schedule-3-paragraph-27" class="schProv1"><num>27</num><content>Omit Schedule 1 (further provision about the consumer financial education body).</content></paragraph></hcontainer><hcontainer name="crossheading" ukl:Name="Pblock" eId="schedule-3-crossheading-financial-services-act-2012-c-21"><heading>Financial Services Act 2012 (c. 21)</heading><paragraph eId="schedule-3-paragraph-28" class="schProv1"><num>28</num><content>The Financial Services Act 2012 is amended as follows.</content></paragraph><paragraph eId="schedule-3-paragraph-29" class="schProv1"><num>29</num><content>Omit section 45 and Schedule 15 (the consumer financial education body).</content></paragraph><paragraph eId="schedule-3-paragraph-30" class="schProv1"><num>30</num><intro>In section 85 (relevant functions in relation to complaints scheme)—</intro><level class="para1" eId="schedule-3-paragraph-30-a"><num>(a)</num><content><mod>in subsection (2)(a), after “legislative functions” insert <quotedText>“ and its standards review functions ”</quotedText>;</mod></content></level><level class="para1" eId="schedule-3-paragraph-30-b"><num>(b)</num><intro>in subsection (4)—</intro><level class="para2" eId="schedule-3-paragraph-30-b-i"><num>(i)</num><content><mod>in paragraph (c)(i), for “, 312J or 333K” substitute <quotedText>“ or 312J ”</quotedText>;</mod></content></level><level class="para2" eId="schedule-3-paragraph-30-b-ii"><num>(ii)</num><content>in paragraph (e), omit “or 333P(9)”;</content></level><level class="para2" eId="schedule-3-paragraph-30-b-iii"><num>(iii)</num><content>omit paragraph (f).</content></level></level><level class="para1" eId="schedule-3-paragraph-30-c"><num>(c)</num><content><mod>After subsection (4) insert—<quotedStructure startQuote="“" endQuote="”" uk:context="body" uk:docName="ukpga" ukl:TargetClass="primary" ukl:TargetSubClass="unknown" ukl:Context="main" ukl:Format="default"><subsection><num>(4A)</num><content>For the purposes of subsection (2)(a), the FCA's standards review functions are the FCA's functions under sections 9(2) and 10 of the Financial Guidance and Claims Act 2018 (approving and reviewing standards set by single financial guidance body).</content></subsection></quotedStructure></mod></content></level></paragraph></hcontainer><hcontainer name="crossheading" ukl:Name="Pblock" eId="schedule-3-crossheading-pension-schemes-act-2015-c-8"><heading>Pension Schemes Act 2015 (c. 8)</heading><paragraph eId="schedule-3-paragraph-31" class="schProv1"><num>31</num><content>In Schedule 3 to the Pension Schemes Act 2015 (pensions guidance), omit paragraphs 2 to 5, 8(b), 9 to 11, 13 to 15 and 17.</content></paragraph></hcontainer><hcontainer name="crossheading" ukl:Name="Pblock" eId="schedule-3-crossheading-bank-of-england-and-financial-services-act-2016-c-14"><heading>Bank of England and Financial Services Act 2016 (c. 14)</heading><paragraph eId="schedule-3-paragraph-32" class="schProv1"><num>32</num><content>In the Bank of England and Financial Services Act 2016, omit section 32 (amendments to section 333A of FSMA; pensions guidance).</content></paragraph></hcontainer></hcontainer><hcontainer name="schedule" eId="schedule-4"><num>SCHEDULE 4<authorialNote class="referenceNote"> Section 27</authorialNote></num><heading>REGULATION OF CLAIMS MANAGEMENT SERVICES: TRANSFER SCHEMES</heading><part eId="schedule-4-part-1"><num>PART 1</num><heading>APPLICATION AND INTERPRETATION</heading><paragraph eId="schedule-4-paragraph-1" class="schProv1"><num>1</num><intro>This Schedule applies if the Treasury make an order under section 22(1B) of the Financial Services and Markets Act 2000 which has the effect that an activity—</intro><level class="para1" eId="schedule-4-paragraph-1-a"><num>(a)</num><content>becomes a regulated activity for the purposes of that Act, and</content></level><level class="para1" eId="schedule-4-paragraph-1-b"><num>(b)</num><content>ceases to be a regulated service under Part 2 of the Compensation Act 2006 (see section 4(2)(e) of that Act).</content></level></paragraph><paragraph eId="schedule-4-paragraph-2" class="schProv1"><num>2</num><intro>In this Schedule—</intro><hcontainer name="definition"><content>“<term refersTo="#term-the-data-protection-legislation" eId="term-the-data-protection-legislation">the data protection legislation</term>” has the same meaning as in the Data Protection Act 2018 (see section 3 of that Act);</content></hcontainer><hcontainer name="definition"><content>“<term refersTo="#term-the-fca" eId="term-the-fca">the FCA</term>” means the Financial Conduct Authority;</content></hcontainer><hcontainer name="definition"><content>“<term refersTo="#term-the-fos" eId="term-the-fos">the FOS</term>” means the body corporate which administers the ombudsman scheme provided for in Part 16 of the Financial Services and Markets Act 2000 (see section 225 of that Act);</content></hcontainer><hcontainer name="definition"><content>“<term refersTo="#term-the-olc" eId="term-the-olc">the OLC</term>” means the Office for Legal Complaints established by section 114 of the Legal Services Act 2007;</content></hcontainer><hcontainer name="definition"><content>“<term refersTo="#term-the-regulator" eId="term-the-regulator">the Regulator</term>” means the person designated under section 5(1) of the Compensation Act 2006 or, if no person is so designated, the Secretary of State.</content></hcontainer></paragraph></part><part eId="schedule-4-part-2"><num>PART 2</num><heading>TRANSFER OF PROPERTY AND STAFF FROM THE REGULATOR TO THE FCA</heading><hcontainer name="crossheading" ukl:Name="Pblock" eId="schedule-4-part-2-crossheading-power-of-secretary-of-state-to-make-transfer-schemes"><heading>Power of Secretary of State to make transfer schemes</heading><paragraph eId="schedule-4-paragraph-3" class="schProv1"><num>3</num><content>The Secretary of State may, with the consent of the FCA, make one or more schemes for the transfer of property, rights and liabilities of the Regulator to the FCA.</content></paragraph></hcontainer><hcontainer name="crossheading" ukl:Name="Pblock" eId="schedule-4-part-2-crossheading-transfer-of-property-rights-and-liabilities"><heading>Transfer of property, rights and liabilities</heading><paragraph eId="schedule-4-paragraph-4" class="schProv1"><num>4</num><content>The following provisions of this Part of this Schedule apply in relation to schemes under paragraph 3 (“transfer schemes”).</content></paragraph><paragraph eId="schedule-4-paragraph-5" class="schProv1"><num>5</num><content>The property, rights and liabilities which are the subject of a transfer scheme are transferred in accordance with the provisions of the scheme on such day as the scheme may specify.</content></paragraph><paragraph eId="schedule-4-paragraph-6" class="schProv1"><num>6</num><intro>The property, rights and liabilities that may be the subject of a transfer scheme include—</intro><level class="para1" eId="schedule-4-paragraph-6-a"><num>(a)</num><content>any that would not otherwise be capable of being transferred or assigned,</content></level><level class="para1" eId="schedule-4-paragraph-6-b"><num>(b)</num><content>rights and liabilities under a contract of employment, and</content></level><level class="para1" eId="schedule-4-paragraph-6-c"><num>(c)</num><content>amounts in respect of fees paid under the Compensation (Claims Management Services) Regulations 2006 (<abbr class="acronym" title="Statutory Instrument">S.I.</abbr> 2006/3322).</content></level></paragraph><paragraph eId="schedule-4-paragraph-7" class="schProv1"><num>7</num><intro>For the purpose of paragraph 6(b)—</intro><level class="para1" eId="schedule-4-paragraph-7-a"><num>(a)</num><content>an individual who holds employment in the civil service of the State is to be treated as employed by virtue of a contract of employment, and</content></level><level class="para1" eId="schedule-4-paragraph-7-b"><num>(b)</num><content>the terms on which the individual holds that employment are to be regarded as constituting the terms of that contract.</content></level></paragraph></hcontainer><hcontainer name="crossheading" ukl:Name="Pblock" eId="schedule-4-part-2-crossheading-contents-of-a-transfer-scheme"><heading>Contents of a transfer scheme</heading><paragraph eId="schedule-4-paragraph-8" class="schProv1"><num>8</num><subparagraph eId="schedule-4-paragraph-8-1"><num>(1)</num><intro>A transfer scheme may—</intro><level class="para1" eId="schedule-4-paragraph-8-1-a"><num>(a)</num><content>provide for anything done before the transfer by or in relation to the Regulator in connection with any property, rights or liabilities transferred by the scheme to be treated as having been done by or in relation to the FCA;</content></level><level class="para1" eId="schedule-4-paragraph-8-1-b"><num>(b)</num><content>contain provision for the payment by the FCA of compensation to the Regulator for costs incurred (before or after the transfer) in connection with the transfer or the exercise of functions in relation to the regulation of claims management services;</content></level><level class="para1" eId="schedule-4-paragraph-8-1-c"><num>(c)</num><content>contain provision for the payment of compensation by the FCA to any person whose interests are adversely affected by the transfer scheme;</content></level><level class="para1" eId="schedule-4-paragraph-8-1-d"><num>(d)</num><content>make provision that is the same as or similar to provision made by the Transfer of Undertakings (Protection of Employment) Regulations 2006 (<abbr class="acronym" title="Statutory Instrument">S.I.</abbr> 2006/246), if those Regulations do not apply to the transfer.</content></level></subparagraph><subparagraph eId="schedule-4-paragraph-8-2"><num>(2)</num><content>An obligation of the FCA to make a compensation payment or to meet a liability transferred under provision in a transfer scheme is to be treated for the purposes of paragraph 23 of Schedule 1ZA to the Financial Services and Markets Act 2000 (fees) as a qualifying function conferred on the FCA under that Act.</content></subparagraph></paragraph></hcontainer><hcontainer name="crossheading" ukl:Name="Pblock" eId="schedule-4-part-2-crossheading-supplementary"><heading>Supplementary</heading><paragraph eId="schedule-4-paragraph-9" class="schProv1"><num>9</num><intro>A transfer scheme may—</intro><level class="para1" eId="schedule-4-paragraph-9-a"><num>(a)</num><content>contain supplementary, incidental and consequential provision;</content></level><level class="para1" eId="schedule-4-paragraph-9-b"><num>(b)</num><content>make transitory or transitional provision or savings;</content></level><level class="para1" eId="schedule-4-paragraph-9-c"><num>(c)</num><content>make different provision for different purposes;</content></level><level class="para1" eId="schedule-4-paragraph-9-d"><num>(d)</num><content>make provision subject to exceptions.</content></level></paragraph></hcontainer><hcontainer name="crossheading" ukl:Name="Pblock" eId="schedule-4-part-2-crossheading-modification-of-a-transfer-scheme"><heading>Modification of a transfer scheme</heading><paragraph eId="schedule-4-paragraph-10" class="schProv1"><num>10</num><content>Subject to paragraph 11, the Secretary of State may, with the consent of the FCA, modify a transfer scheme.</content></paragraph><paragraph eId="schedule-4-paragraph-11" class="schProv1"><num>11</num><content>A modification relating to a transfer that has taken effect may be made only with the agreement of the person (or persons) affected by the modification.</content></paragraph><paragraph eId="schedule-4-paragraph-12" class="schProv1"><num>12</num><content>A modification takes effect from such date as the Secretary of State may specify, and that date may be the date when the original scheme came into effect.</content></paragraph></hcontainer></part><part eId="schedule-4-part-3"><num>PART 3</num><heading>TRANSFER OF PROPERTY AND STAFF FROM THE OLC TO THE FOS</heading><hcontainer name="crossheading" ukl:Name="Pblock" eId="schedule-4-part-3-crossheading-power-of-olc-to-make-transfer-schemes"><heading>Power of OLC to make transfer schemes</heading><paragraph eId="schedule-4-paragraph-13" class="schProv1"><num>13</num><content>The OLC may make one or more schemes for the transfer of property, rights and liabilities of the OLC to the FOS.</content></paragraph><paragraph eId="schedule-4-paragraph-14" class="schProv1"><num>14</num><content>A scheme made under paragraph 13 is not to be capable of coming into force unless it is approved by the Treasury and the Lord Chancellor.</content></paragraph><paragraph eId="schedule-4-paragraph-15" class="schProv1"><num>15</num><content>The OLC may not submit a scheme to the Treasury or the Lord Chancellor for approval under paragraph 14 without the consent of the FOS and the FCA.</content></paragraph></hcontainer><hcontainer name="crossheading" ukl:Name="Pblock" eId="schedule-4-part-3-crossheading-power-of-lord-chancellor-to-make-transfer-schemes"><heading>Power of Lord Chancellor to make transfer schemes</heading><paragraph eId="schedule-4-paragraph-16" class="schProv1"><num>16</num><content>Paragraph 17 applies if the OLC fails to make a scheme under paragraph 13 in circumstances where the Lord Chancellor considers that it is necessary for such a scheme to be made.</content></paragraph><paragraph eId="schedule-4-paragraph-17" class="schProv1"><num>17</num><content>The Lord Chancellor may, with the approval of the Treasury, the OLC, the FOS and the FCA, make a scheme for the transfer of property, rights and liabilities of the OLC to the FOS.</content></paragraph></hcontainer><hcontainer name="crossheading" ukl:Name="Pblock" eId="schedule-4-part-3-crossheading-provision-of-information-and-assistance-by-olc"><heading>Provision of information and assistance by OLC</heading><paragraph eId="schedule-4-paragraph-18" class="schProv1"><num>18</num><content>The OLC must provide the Treasury and the Lord Chancellor with all such information and other assistance as either of them may reasonably require for the purposes of, or otherwise in connection with, the exercise of their powers under this Part of this Schedule.</content></paragraph><paragraph eId="schedule-4-paragraph-19" class="schProv1"><num>19</num><content>Paragraph 18 is subject to any express restriction on disclosure imposed by the data protection legislation (ignoring any restriction which allows disclosure if authorised by an enactment).</content></paragraph></hcontainer><hcontainer name="crossheading" ukl:Name="Pblock" eId="schedule-4-part-3-crossheading-transfer-of-property-rights-and-liabilities"><heading>Transfer of property, rights and liabilities</heading><paragraph eId="schedule-4-paragraph-20" class="schProv1"><num>20</num><content>The following provisions of this Part of this Schedule apply in relation to schemes under paragraph 13 or 17 (“transfer schemes”).</content></paragraph><paragraph eId="schedule-4-paragraph-21" class="schProv1"><num>21</num><content>The property, rights and liabilities which are the subject of a transfer scheme are transferred in accordance with the provisions of the scheme on such day as the scheme may specify.</content></paragraph><paragraph eId="schedule-4-paragraph-22" class="schProv1"><num>22</num><intro>The property, rights and liabilities that may be the subject of a transfer scheme include—</intro><level class="para1" eId="schedule-4-paragraph-22-a"><num>(a)</num><content>any that would not otherwise be capable of being transferred or assigned, and</content></level><level class="para1" eId="schedule-4-paragraph-22-b"><num>(b)</num><content>rights and liabilities under a contract of employment.</content></level></paragraph></hcontainer><hcontainer name="crossheading" ukl:Name="Pblock" eId="schedule-4-part-3-crossheading-contents-of-a-transfer-scheme"><heading>Contents of a transfer scheme</heading><paragraph eId="schedule-4-paragraph-23" class="schProv1"><num>23</num><subparagraph eId="schedule-4-paragraph-23-1"><num>(1)</num><intro>A transfer scheme may—</intro><level class="para1" eId="schedule-4-paragraph-23-1-a"><num>(a)</num><content>provide for anything done before the transfer by or in relation to the OLC in connection with any property, rights or liabilities transferred by the scheme to be treated as having been done by or in relation to the FOS;</content></level><level class="para1" eId="schedule-4-paragraph-23-1-b"><num>(b)</num><content>contain provision for the payment by the FOS of compensation to the OLC or the Regulator for costs incurred (before or after the transfer) in connection with the transfer or the exercise of functions in relation to claims management services;</content></level><level class="para1" eId="schedule-4-paragraph-23-1-c"><num>(c)</num><content>contain provision for the payment of compensation by the FOS to any person whose interests are adversely affected by the transfer scheme;</content></level><level class="para1" eId="schedule-4-paragraph-23-1-d"><num>(d)</num><content>make provision that is the same as or similar to provision made by the Transfer of Undertakings (Protection of Employment) Regulations 2006 (<abbr class="acronym" title="Statutory Instrument">S.I.</abbr> 2006/246), if those Regulations do not apply to the transfer.</content></level></subparagraph><subparagraph eId="schedule-4-paragraph-23-2"><num>(2)</num><content>An obligation of the FOS to make a compensation payment or to meet a liability transferred under provision in a transfer scheme is to be treated for the purposes of section 234 of the Financial Services and Markets Act 2000 (industry funding) as a cost of its operation in relation to the compulsory jurisdiction.</content></subparagraph></paragraph></hcontainer><hcontainer name="crossheading" ukl:Name="Pblock" eId="schedule-4-part-3-crossheading-supplementary"><heading>Supplementary</heading><paragraph eId="schedule-4-paragraph-24" class="schProv1"><num>24</num><intro>A transfer scheme may—</intro><level class="para1" eId="schedule-4-paragraph-24-a"><num>(a)</num><content>contain supplementary, incidental and consequential provision;</content></level><level class="para1" eId="schedule-4-paragraph-24-b"><num>(b)</num><content>make transitory or transitional provision or savings;</content></level><level class="para1" eId="schedule-4-paragraph-24-c"><num>(c)</num><content>make different provision for different purposes;</content></level><level class="para1" eId="schedule-4-paragraph-24-d"><num>(d)</num><content>make provision subject to exceptions.</content></level></paragraph></hcontainer><hcontainer name="crossheading" ukl:Name="Pblock" eId="schedule-4-part-3-crossheading-modification-of-a-transfer-scheme"><heading>Modification of a transfer scheme</heading><paragraph eId="schedule-4-paragraph-25" class="schProv1"><num>25</num><content>Subject to paragraphs 26 to 28, the OLC may modify a transfer scheme.</content></paragraph><paragraph eId="schedule-4-paragraph-26" class="schProv1"><num>26</num><content>A modification relating to a transfer that has taken effect may be made only with the agreement of the person (or persons) affected by the modification.</content></paragraph><paragraph eId="schedule-4-paragraph-27" class="schProv1"><num>27</num><content>A modification is not to be capable of coming into effect unless it is approved by the Treasury and the Lord Chancellor.</content></paragraph><paragraph eId="schedule-4-paragraph-28" class="schProv1"><num>28</num><content>The OLC may not submit a scheme to the Treasury or the Lord Chancellor for approval under paragraph 27 without the consent of the FOS and the FCA.</content></paragraph><paragraph eId="schedule-4-paragraph-29" class="schProv1"><num>29</num><content>A modification takes effect from such date as the OLC may specify, and that date may be the date when the original scheme came into effect.</content></paragraph></hcontainer></part></hcontainer><hcontainer name="schedule" eId="schedule-5"><num>SCHEDULE 5<authorialNote class="referenceNote"> Section 27</authorialNote></num><heading>REGULATION OF CLAIMS MANAGEMENT SERVICES: TRANSITIONAL PROVISION</heading><hcontainer name="crossheading" ukl:Name="Pblock" eId="schedule-5-crossheading-fca-information-gathering-powers"><heading>FCA information gathering powers</heading><paragraph eId="schedule-5-paragraph-1" class="schProv1"><num>1</num><intro>Part 11 of the Financial Services and Markets Act 2000 (information gathering and investigations) has effect as if—</intro><level class="para1" eId="schedule-5-paragraph-1-a"><num>(a)</num><content>to the extent that they relate to a notice or authorisation of the FCA, the references in section 165(1), (3) and (7)(a) to an authorised person include a reference to a person falling within paragraph 2,</content></level><level class="para1" eId="schedule-5-paragraph-1-b"><num>(b)</num><content>the reference in section 165(4)(a) to the exercise by either regulator of functions conferred on it under the Financial Services and Markets Act 2000 includes a reference to the steps taken, or to be taken, by the FCA in preparation for the conferral of functions on it by virtue of the making of an order under section 22(1B) of that Act (“a regulated claims management activity order”), and</content></level><level class="para1" eId="schedule-5-paragraph-1-c"><num>(c)</num><content>the reference in section 166(2)(a) to an authorised person includes a reference to a person falling within paragraph 3.</content></level></paragraph><paragraph eId="schedule-5-paragraph-2" class="schProv1"><num>2</num><intro>A person falls within this paragraph if the person—</intro><level class="para1" eId="schedule-5-paragraph-2-a"><num>(a)</num><content>is or at any time was authorised under section 5(1)(a) of the Compensation Act 2006 (provision of regulated claims management services), or</content></level><level class="para1" eId="schedule-5-paragraph-2-b"><num>(b)</num><content>is, or at any time was, providing services in Scotland which the person would be, or would have been, prohibited from providing in England and Wales by section 4(1) of the Compensation Act 2006 unless authorised under section 5(1)(a) of that Act.</content></level></paragraph><paragraph eId="schedule-5-paragraph-3" class="schProv1"><num>3</num><intro>A person falls within this paragraph if the person—</intro><level class="para1" eId="schedule-5-paragraph-3-a"><num>(a)</num><content>is authorised under section 5(1)(a) of the Compensation Act 2006 (provision of regulated claims management services), or</content></level><level class="para1" eId="schedule-5-paragraph-3-b"><num>(b)</num><content>is providing services in Scotland which the person would be prohibited from providing in England and Wales by section 4(1) of the Compensation Act 2006 unless authorised under section 5(1)(a) of that Act.</content></level></paragraph></hcontainer><hcontainer name="crossheading" ukl:Name="Pblock" eId="schedule-5-crossheading-fca-preparatory-steps"><heading>FCA preparatory steps</heading><paragraph eId="schedule-5-paragraph-4" class="schProv1"><num>4</num><content>The FCA may, before the making of a regulated claims management activity order, take such steps as the FCA considers necessary or expedient in preparation for the conferral of functions on it as a result of the making of the order.</content></paragraph></hcontainer><hcontainer name="crossheading" ukl:Name="Pblock" eId="schedule-5-crossheading-consultation-requirements"><heading>Consultation requirements</heading><paragraph eId="schedule-5-paragraph-5" class="schProv1"><num>5</num><intro>Paragraphs 6 and 7 apply in connection with the making or issuing of any rules or other instrument or document relating to an activity—</intro><level class="para1" eId="schedule-5-paragraph-5-a"><num>(a)</num><content>of a kind specified in a regulated claims management activity order, or</content></level><level class="para1" eId="schedule-5-paragraph-5-b"><num>(b)</num><content>of a kind specified in an order under section 21(10B) of the Financial Services and Markets Act 2000.</content></level></paragraph><paragraph eId="schedule-5-paragraph-6" class="schProv1"><num>6</num><intro>Any requirement imposed on the FCA—</intro><level class="para1" eId="schedule-5-paragraph-6-a"><num>(a)</num><content>to publish a draft of the rules or other instrument or document and invite representations about it, or</content></level><level class="para1" eId="schedule-5-paragraph-6-b"><num>(b)</num><content>to consult particular persons,</content></level><wrapUp>may be satisfied by things done by the FCA before the coming into effect of the order or the passing of this Act.</wrapUp></paragraph><paragraph eId="schedule-5-paragraph-7" class="schProv1"><num>7</num><content>Section 138I of the Financial Services and Markets Act 2000 (consultation by the FCA) does not apply in relation to rules which make provision similar to any provision in or made under Part 2 of the Compensation Act 2006.</content></paragraph></hcontainer><hcontainer name="crossheading" ukl:Name="Pblock" eId="schedule-5-crossheading-designation-of-regulators-rules"><heading>Designation of Regulator's rules</heading><paragraph eId="schedule-5-paragraph-8" class="schProv1"><num>8</num><intro>After the making of a regulated claims management activity order, rules which—</intro><level class="para1" eId="schedule-5-paragraph-8-a"><num>(a)</num><content>were made by the Regulator by virtue of provision in or under Part 2 of the Compensation Act 2006, and</content></level><level class="para1" eId="schedule-5-paragraph-8-b"><num>(b)</num><content>are designated by the FCA,</content></level><wrapUp>are to be treated as having been made by the FCA by virtue of comparable provision in the Financial Services and Markets Act 2000.</wrapUp></paragraph><paragraph eId="schedule-5-paragraph-9" class="schProv1"><num>9</num><content>The rules may be modified by the FCA.</content></paragraph></hcontainer><hcontainer name="crossheading" ukl:Name="Pblock" eId="schedule-5-crossheading-provision-of-information-by-regulator-and-olc"><heading>Provision of information by Regulator and OLC</heading><paragraph eId="schedule-5-paragraph-10" class="schProv1"><num>10</num><content>The Regulator may disclose to the FCA or the FOS any information which the Regulator considers that it is necessary or expedient to disclose to the FCA or, as the case may be, the FOS so that the FCA or the FOS can take steps in preparation for the conferral of functions on it as a result of the making of a regulated claims management activity order.</content></paragraph><paragraph eId="schedule-5-paragraph-11" class="schProv1"><num>11</num><content>Section 244 of the Enterprise Act 2002 (considerations relevant to disclosure of information) does not apply in relation to a disclosure under paragraph 10.</content></paragraph><paragraph eId="schedule-5-paragraph-12" class="schProv1"><num>12</num><content>The OLC may disclose to the FOS or the FCA any information which the OLC considers that it is necessary or expedient to disclose to the FOS or, as the case may be, the FCA so that the FOS or the FCA can take steps in preparation for the conferral of functions on it as a result of the making of a regulated claims management activity order.</content></paragraph></hcontainer><hcontainer name="crossheading" ukl:Name="Pblock" eId="schedule-5-crossheading-complaints-handling"><heading>Complaints handling</heading><paragraph eId="schedule-5-paragraph-13" class="schProv1"><num>13</num><intro>Where a regulated claims management activity order is made which requires the OLC to continue to deal with complaints made to it on or before a date or event identified in the order—</intro><level class="para1" eId="schedule-5-paragraph-13-a"><num>(a)</num><content>the FCA is to reimburse the OLC for the cost it incurs in doing so, and</content></level><level class="para1" eId="schedule-5-paragraph-13-b"><num>(b)</num><content>this reimbursement obligation is to be treated for the purposes of paragraph 23 of Schedule 1ZA to the Financial Services and Markets Act 2000 (fees) as a qualifying function conferred on the FCA under that Act.</content></level></paragraph></hcontainer><hcontainer name="crossheading" ukl:Name="Pblock" eId="schedule-5-crossheading-interpretation"><heading>Interpretation</heading><paragraph eId="schedule-5-paragraph-14" class="schProv1"><num>14</num><intro>In this Schedule—</intro><hcontainer name="definition"><content>“<term refersTo="#term-the-fca" eId="term-the-fca">the FCA</term>” means the Financial Conduct Authority;</content></hcontainer><hcontainer name="definition"><content>“<term refersTo="#term-the-fos" eId="term-the-fos">the FOS</term>” means the body corporate which administers the ombudsman scheme provided for in Part 16 of the Financial Services and Markets Act 2000 (see section 225 of that Act);</content></hcontainer><hcontainer name="definition"><content>“<term refersTo="#term-the-olc" eId="term-the-olc">the OLC</term>” means the Office for Legal Complaints established by section 114 of the Legal Services Act 2007;</content></hcontainer><hcontainer name="definition"><content>“<term refersTo="#term-the-regulator" eId="term-the-regulator">the Regulator</term>” means the person designated under section 5(1) of the Compensation Act 2006 or, if no person is so designated, the Secretary of State;</content></hcontainer><hcontainer name="definition"><content>“<term refersTo="#term-regulated-claims-management-activity-order" eId="term-regulated-claims-management-activity-order">regulated claims management activity order</term>” has the meaning given in paragraph 1(b).</content></hcontainer></paragraph></hcontainer></hcontainer></hcontainer>