SCHEDULESF1F2F3
F1SCHEDULE 1AFurther provision about the consumer financial education body
Part 3Reviews
Reviews of economy etc of the consumer financial education body
15
1
The Authority may appoint an independent person to conduct a review of the economy, efficiency and effectiveness with which the consumer financial education body has used its resources in discharging the consumer financial education function.
2
The Authority must consult the Treasury before acting under this paragraph.
3
A review is not to be concerned with the merits of the body's general policy or principles in discharging the consumer financial education function.
4
On completion of a review, the person conducting it must make a written report to the Authority—
a
setting out the result of the review; and
b
making such recommendations (if any) as the person considers appropriate.
5
The Authority must publish a copy of the report in the way it considers appropriate.
6
Any expenses reasonably incurred in the conduct of the review are to be met by the Authority.
7
“Independent” means appearing to the Authority to be independent of the consumer financial education body.
Right to obtain documents and information
16
1
A person conducting a review under paragraph 15—
a
has a right of access at any reasonable time to all such documents as the person may reasonably require for the purposes of the review; and
b
may require any person holding or accountable for any such document to provide such information and explanation as are reasonably required for those purposes.
2
This paragraph applies only to documents in the custody or under the control of the consumer financial education body.
3
An obligation imposed on a person as a result of this paragraph is enforceable by an injunction or, in Scotland, by an order for specific performance under section 45 of the Court of Session Act 1988.