Source: http://www.legislation.gov.uk/ukpga/2000/8/schedule/17/part/II?view=extent
Timestamp: 2013-05-20 14:32:00
Document Index: 634162931

Matched Legal Cases: ['art. 3', 'art. 3', 'art. 3', 'art. 3', 'art. 2', 'art. 3', 'art. 2']

SCHEDULE 17Part IITable of ContentsContentMore ResourcesPrevious: PartNext: PartPlain ViewPrint Options
Changes to legislation:There are outstanding changes not yet made by the legislation.gov.uk editorial team to Financial Services and Markets Act 2000. Any changes that have already been made by the team appear in the content and are referenced with annotations.Changes to LegislationRevised legislation carried on this site may not be fully up to date. Changes and effects are recorded by our editorial team in lists which can be found in the ‘Changes to Legislation’ area. Where those effects have yet to be applied to the text of the legislation by the editorial team they are also listed alongside the legislation in the affected provisions. Use the ‘more’ link to open the changes and effects relevant to the provision you are viewing.Changes and effects yet to be applied to the whole Act, associated Parts and Chapters:Changes and effectsThis section lists the changes and effects yet to be applied to the whole Act, associated Parts and Chapters where applicable. This includes any insertions of whole new Parts, Chapters or provisions yet to be inserted into this Act. These effects are included in this view as they may be (but won’t necessarily be) relevant to the specific provision that you are viewing.Act excluded by 2012 c. 7 s. 134(5)Whole provisions yet to be inserted into this Act (including any effects on those provisions):Pt. 9 applied (with modifications) by S.I. 2012/3122 Sch. para. 7s. 54A 54B and cross-heading inserted by S.I. 2012/916 reg. 2(2)s. 131L inserted by S.I. 2012/2554 reg. 2(8)s. 131FA-131FC inserted by S.I. 2012/2554 reg. 2(5)s. 427A(3) words substituted by 2002 c. 40 Sch. 17 para. 59 (Amendment not carried through. The Financial Services and Markets Act 2000 does not contain a section 427A.)Part IIE+W+S+N.I. The Scheme Operator Establishment by the AuthorityE+W+S+N.I.2(1)The Authority must establish a body corporate to exercise the functions conferred on the scheme operator by or under this Act.E+W+S+N.I.(2)The Authority must take such steps as are necessary to ensure that the scheme operator is, at all times, capable of exercising those functions. ConstitutionE+W+S+N.I.3(1)The constitution of the scheme operator must provide for it to have—E+W+S+N.I.(a)a chairman; and(b)a board (which must include the chairman) whose members are the scheme operator’s directors.(2)The chairman and other members of the board must be persons appointed, and liable to removal from office, by the Authority (acting, in the case of the chairman, with the approval of the Treasury).(3)But the terms of their appointment (and in particular those governing removal from office) must be such as to secure their independence from the Authority in the operation of the scheme.(4)The function of making voluntary jurisdiction rules under section 227 [F1, the function of making consumer credit rules, the function of making determinations under section 234A(1)] and the functions conferred by paragraphs 4, 5, 7, 9 or 14 may be exercised only by the board.(5)The validity of any act of the scheme operator is unaffected by—(a)a vacancy in the office of chairman; or(b)a defect in the appointment of a person as chairman or as a member of the board.Annotations:Annotations are used to give authority for changes and other effects on the legislation you are viewing and to convey editorial information. They appear at the foot of the relevant provision or under the associated heading. Annotations are categorised by annotation type, such as F-notes for textual amendments and I-notes for commencement information (a full list can be found in the Editorial Practice Guide). Each annotation is identified by a sequential reference number. For F-notes, M-notes and X-notes, the number also appears in bold superscript at the relevant location in the text. All annotations contain links to the affecting legislation.Amendments (Textual)F1Words in Sch. 17 para. 3(4) inserted (16.6.2006) by Consumer Credit Act 2006 (c. 14), ss. 61(10)(a), 71(2); S.I. 2006/1508, art. 3(1), Sch. 1 The panel of ombudsmenE+W+S+N.I.4(1)The scheme operator must appoint and maintain a panel of persons, appearing to it to have appropriate qualifications and experience, to act as ombudsmen for the purposes of the scheme.E+W+S+N.I.(2)A person’s appointment to the panel is to be on such terms (including terms as to the duration and termination of his appointment and as to remuneration) as the scheme operator considers—(a)consistent with the independence of the person appointed; and(b)otherwise appropriate. The Chief OmbudsmanE+W+S+N.I.5(1)The scheme operator must appoint one member of the panel to act as Chief Ombudsman.E+W+S+N.I.(2)The Chief Ombudsman is to be appointed on such terms (including terms as to the duration and termination of his appointment) as the scheme operator considers appropriate. StatusE+W+S+N.I.6(1)The scheme operator is not to be regarded as exercising functions on behalf of the Crown.E+W+S+N.I.(2)The scheme operator’s board members, officers and staff are not to be regarded as Crown servants.(3)Appointment as Chief Ombudsman or to the panel or as a deputy ombudsman does not confer the status of Crown servant. Annual reportsE+W+S+N.I.7(1)At least once a year—E+W+S+N.I.(a)the scheme operator must make a report to the Authority on the discharge of its functions; and(b)the Chief Ombudsman must make a report to the Authority on the discharge of his functions.(2)Each report must distinguish between functions in relation to the scheme’s compulsory jurisdiction [F2, functions in relation to its consumer credit jurisdiction] and functions in relation to its voluntary jurisdiction.(3)Each report must also comply with any requirements specified in rules made by the Authority.(4)The scheme operator must publish each report in the way it considers appropriate.Annotations:Annotations are used to give authority for changes and other effects on the legislation you are viewing and to convey editorial information. They appear at the foot of the relevant provision or under the associated heading. Annotations are categorised by annotation type, such as F-notes for textual amendments and I-notes for commencement information (a full list can be found in the Editorial Practice Guide). Each annotation is identified by a sequential reference number. For F-notes, M-notes and X-notes, the number also appears in bold superscript at the relevant location in the text. All annotations contain links to the affecting legislation.Amendments (Textual)F2Words in Sch. 17 para. 7(2) inserted (16.6.2006) by Consumer Credit Act 2006 (c. 14), ss. 61(10)(b), 71(2); S.I. 2006/1508, art. 3(1), Sch. 1 GuidanceE+W+S+N.I.8The scheme operator may publish guidance consisting of such information and advice as it considers appropriate and may charge for it or distribute it free of charge.E+W+S+N.I. BudgetE+W+S+N.I.9(1)The scheme operator must, before the start of each of its financial years, adopt an annual budget which has been approved by the Authority.E+W+S+N.I.(2)The scheme operator may, with the approval of the Authority, vary the budget for a financial year at any time after its adoption.(3)The annual budget must include an indication of—(a)the distribution of resources deployed in the operation of the scheme, and(b)the amounts of income of the scheme operator arising or expected to arise from the operation of the scheme,distinguishing between the scheme’s compulsory [F3, consumer credit] and voluntary jurisdiction.
Annotations:Annotations are used to give authority for changes and other effects on the legislation you are viewing and to convey editorial information. They appear at the foot of the relevant provision or under the associated heading. Annotations are categorised by annotation type, such as F-notes for textual amendments and I-notes for commencement information (a full list can be found in the Editorial Practice Guide). Each annotation is identified by a sequential reference number. For F-notes, M-notes and X-notes, the number also appears in bold superscript at the relevant location in the text. All annotations contain links to the affecting legislation.Amendments (Textual)F3Words in Sch. 17 para. 9(3) inserted (16.6.2006) by Consumer Credit Act 2006 (c. 14), ss. 61(10)(c), 71(2); S.I. 2006/1508, art. 3(1), Sch. 1Modifications etc. (not altering text)C1Sch. 17 para. 9(3) excluded (18.6.2001) by S.I. 2001/1821, arts. 1(1), 4(1) Exemption from liability in damagesE+W+S+N.I.10(1)No person is to be liable in damages for anything done or omitted in the discharge, or purported discharge, of any functions under this Act in relation to the compulsory jurisdiction [F4or to the consumer credit jurisdiction].E+W+S+N.I.(2)Sub-paragraph (1) does not apply—(a)if the act or omission is shown to have been in bad faith; or(b)so as to prevent an award of damages made in respect of an act or omission on the ground that the act or omission was unlawful as a result of section 6(1) of the M1Human Rights Act 1998.Annotations:Annotations are used to give authority for changes and other effects on the legislation you are viewing and to convey editorial information. They appear at the foot of the relevant provision or under the associated heading. Annotations are categorised by annotation type, such as F-notes for textual amendments and I-notes for commencement information (a full list can be found in the Editorial Practice Guide). Each annotation is identified by a sequential reference number. For F-notes, M-notes and X-notes, the number also appears in bold superscript at the relevant location in the text. All annotations contain links to the affecting legislation.Amendments (Textual)F4Words in Sch. 17 para. 10(1) inserted (16.6.2006) by Consumer Credit Act 2006 (c. 14), ss. 61(10)(d), 71(2); S.I. 2006/1508, art. 3(1), Sch. 1Modifications etc. (not altering text)C2Sch. 17 para. 10(1) amended (19.7.2001 for specified purposes otherwise 1.12.2001) by S.I. 2001/2326, arts. 1(1), 13; S.I. 2001/3538, art. 2(1)C3Sch. 17 para. 10(1) extended (31.10.2004 for certain purposes and 14.1.2005 otherwise) by The Financial Services and Markets Act 2000 (Transitional Provisions) (Complaints Relating to General Insurance and Mortgages) Order 2004 (S.I. 2004/454), arts. 1(2), 7Marginal CitationsM11998 c. 42. PrivilegeE+W+S+N.I.11For the purposes of the law relating to defamation, proceedings in relation to a complaint which is subject to the compulsory jurisdiction [F5or to the consumer credit jurisdiction] are to be treated as if they were proceedings before a court.E+W+S+N.I.Annotations:Annotations are used to give authority for changes and other effects on the legislation you are viewing and to convey editorial information. They appear at the foot of the relevant provision or under the associated heading. Annotations are categorised by annotation type, such as F-notes for textual amendments and I-notes for commencement information (a full list can be found in the Editorial Practice Guide). Each annotation is identified by a sequential reference number. For F-notes, M-notes and X-notes, the number also appears in bold superscript at the relevant location in the text. All annotations contain links to the affecting legislation.Amendments (Textual)F5Words in Sch. 17 para. 11 inserted (16.6.2006) by Consumer Credit Act 2006 (c. 14), ss. 61(10)(d), 71(2); S.I. 2006/1508, art. 3(1), Sch. 1Modifications etc. (not altering text)C4Sch. 17 para. 11 amended (19.7.2001 for specified purposes otherwise 1.12.2001) by S.I. 2001/2326, arts. 1(1), 14; S.I. 2001/3538, art. 2(1)C5Sch. 17 para. 11 extended (31.10.2004 for certain purposes and 14.1.2005 otherwise) by The Financial Services and Markets Act 2000 (Transitional Provisions) (Complaints Relating to General Insurance and Mortgages) Order 2004 (S.I. 2004/454), arts. 1(2), 8Previous: PartNext: PartBack to topOptions/HelpPrint OptionsPrint The Whole ActPDF The Whole ActWeb page The Whole ActPrint The Whole SchedulePDF The Whole ScheduleWeb page The Whole SchedulePrint This Part onlyPDF This Part onlyWeb page This Part onlyYou have chosen to open The Whole ActThe Whole Act you have selected contains over 200 provisions and might take some time to download. 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