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Financial Guidance and Claims Act 2018

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PART 1APPLICATION AND INTERPRETATION

1This 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—

(a)becomes a regulated activity for the purposes of that Act, and

(b)ceases to be a regulated service under Part 2 of the Compensation Act 2006 (see section 4(2)(e) of that Act).

2In this Schedule—

  • “the data protection legislation” has the same meaning as in the Data Protection Act 2018 (see section 3 of that Act);

  • “the FCA” means the Financial Conduct Authority;

  • “the FOS” 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);

  • “the OLC” means the Office for Legal Complaints established by section 114 of the Legal Services Act 2007;

  • “the Regulator” means the person designated under section 5(1) of the Compensation Act 2006 or, if no person is so designated, the Secretary of State.

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