Source: http://www.legislation.gov.uk/ukpga/2018/10/schedules/enacted
Timestamp: 2018-05-27 14:00:14
Document Index: 572397130

Matched Legal Cases: ['ART 1', 'art 2', 'art 2', 'art 2', 'art 20', 'art 6', 'art 1', 'ART 3', 'art 2']

SCHEDULE 1THE SINGLE FINANCIAL GUIDANCE BODY
1(1)The single financial guidance body is not to be regarded—
2(1)The single financial guidance body is to consist of—
3(1)The non-executive members hold and vacate office in accordance with the terms of their appointment (subject to this Schedule).
4(1)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.
Non-executive members: remuneration etc
5(1)The single financial guidance body may—
Executive members: appointment
6(1)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—
7(1)The executive members are to be employees of the single financial guidance body.
10(1)The single financial guidance body may delegate any function conferred on it to—
12A defect in appointment does not affect the validity of things done by a member of the single financial guidance body.
SCHEDULE 2TRANSFER SCHEMES UNDER SECTION 1
2(1)A scheme under this Schedule may, in particular, make provision—
3(1)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.
SCHEDULE 3MINOR AND CONSEQUENTIAL AMENDMENTS RELATING TO PART 1
1In 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—
2In Schedule 2 to the Parliamentary Commissioner Act 1967 (departments etc subject to investigation), at the appropriate place insert—
3In 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—
4In 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—
5The Financial Services and Markets Act 2000 is amended as follows.
8In section 1C (the consumer protection objective), in subsection (2), omit paragraph (g).
9In section 1M (FCA’s general duty to consult), omit the words “and its duties under section 333O”.
10In section 1S (reviews), in subsection (3) omit the words “or its duties under section 333O(1) and (2)(a)”.
12Omit section 3S (the consumer financial education body).
(a)after “, 137FBA” insert “, 137SA”;
(b)before “, 137SA” (inserted by paragraph (a)), insert “, 137FC”;
(c)after “, 137SA” insert “, 137SB”;
14(1)Section 138I (consultation on rules by FCA) is amended as follows.
(a)after “137FBA” insert “, 137SA”;
15In section 138J (consultation on rules by PRA), in subsection (6), omit paragraph (e).
16In section 139A (power of FCA to give guidance), omit subsection (1A).
17In section 140A (competition scrutiny: interpretation), in subsection (1), in paragraph (a) of the definition of “regulating provisions”—
18In section 168 (appointment of persons to carry out investigations), in subsection (2)(a), omit “or 333G”.
19Omit Part 20A (sections 333A to 333R; pensions guidance).
20In section 429 (Parliamentary control of statutory instruments), in subsection (2), omit “, 333C, 333R”.
21(1)Schedule 1ZA (the Financial Conduct Authority) is amended as follows.
(i)in paragraph (c)(i), for “, 312J or 333K” substitute “or 312J”;
(i)after “sections” insert “137SA,”;
(ii)after “137SA” insert “, 137SB”;
(ii)in paragraph (b), for “sections 333R and 333T” substitute “section 333T”;
(iv)in paragraph (c) (inserted by sub-paragraph (iii)), for “section 137SA” substitute “sections 137SA and 137SB”.
22Omit Schedule 1A (further provision about the consumer financial education body).
23In Part 6 of Schedule 1 to the Freedom of Information Act 2000 (public authorities: general), at the appropriate place insert—
24In Part 1 of Schedule 19 to the Equality Act 2010 (public authorities: general), under the heading “Industry, business, finance etc”, at the appropriate place insert—
25The Financial Services Act 2010 is amended as follows.
26In section 2 (enhancing public understanding of financial matters etc), omit subsections (1) and (6).
27Omit Schedule 1 (further provision about the consumer financial education body).
(a)in subsection (2)(a), after “legislative functions” insert “and its standards review functions”;
“(4A)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).”
31In 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.
32In the Bank of England and Financial Services Act 2016, omit section 32 (amendments to section 333A of FSMA; pensions guidance).
SCHEDULE 4REGULATION OF CLAIMS MANAGEMENT SERVICES: TRANSFER SCHEMES
PART 3TRANSFER OF PROPERTY AND STAFF FROM THE OLC TO THE FOS
23(1)A transfer scheme may—
SCHEDULE 5REGULATION OF CLAIMS MANAGEMENT SERVICES: TRANSITIONAL PROVISION
2A person falls within this paragraph if the person—
5Paragraphs 6 and 7 apply in connection with the making or issuing of any rules or other instrument or document relating to an activity—
6Any requirement imposed on the FCA—
8After the making of a regulated claims management activity order, rules which—
(a)were made by the Regulator by virtue of provision in or under Part 2 of the Compensation Act 2006, and
(b)are designated by the FCA,
are to be treated as having been made by the FCA by virtue of comparable provision in the Financial Services and Markets Act 2000.
11Section 244 of the Enterprise Act 2002 (considerations relevant to disclosure of information) does not apply in relation to a disclosure under paragraph 10.
12The 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.