Search Legislation

The Transfer of Functions (Pensions Guidance) Order 2015

What Version

 Help about what version
  • Latest available (Revised)
  • Original (As made)

Status:

This is the original version (as it was originally made). This item of legislation is currently only available in its original format.

Article ‎5

SCHEDULECONSEQUENTIAL AMENDMENTS

This schedule has no associated Explanatory Memorandum

Financial Services and Markets Act 2000 (c. 8)

1.—(1) Part 20A of the Financial Services and Markets Act 2000(1) (pensions guidance) is amended as follows.

(2) In section 333B (role in relation to pensions guidance)—

(a)in subsection (1)—

(i)for “Treasury” substitute “Secretary of State”, and

(ii)for “they consider” substitute “the Secretary of State considers”,

(b)in subsection (2), for “Treasury” substitute “Secretary of State”, and

(c)in the heading, for “Treasury’s” substitute “Secretary of State’s”.

(3) In section 333C(1) and (5) (giving of pensions guidance), for “Treasury” substitute “Secretary of State”.

(4) In section 333D (financial assistance to bodies involved in giving pensions guidance)—

(a)in subsection (1), for “Treasury” substitute “Secretary of State”, and

(b)in subsection (2)(b), for “Treasury consider” substitute “Secretary of State considers”.

(5) In section 333E (designation of providers of pensions guidance)—

(a)in subsections (1)(e) and (2) to (6), for “Treasury” substitute “Secretary of State”, and

(b)in subsection (6), for “they consider” substitute “the Secretary of State considers”.

(6) In section 333F(1)(b) and (2) (co-operation and information sharing), for “Treasury” substitute “Secretary of State”.

(7) In section 333G (offence of falsely claiming to be giving pensions guidance)—

(a)in subsections (1) and (2), for “Treasury” substitute “Secretary of State”, and

(b)in the heading, for “Treasury arrangements” substitute “arrangements made with Secretary of State”.

(8) In section 333J(1)(b) (power of Financial Conduct Authority to recommend giving of direction under section 333M), for “Treasury” substitute “Secretary of State”.

(9) In section 333K(4) (consent required for issue by FCA of statement of policy on making recommendations under section 333J), for “Treasury” substitute “Secretary of State”.

(10) In section 333L(1)(a) (FCA policy on making recommendations under section 333J: consultation requirement), for “Treasury” substitute “Secretary of State”.

(11) In section 333M (failure by designated guidance providers to comply with standards: power to give directions)—

(a)in subsections (1) to (7), for “Treasury” in each place substitute “Secretary of State”,

(b)in subsections (1) and (5), for “consider” in each place substitute “considers”, and

(c)in the heading, omit “Treasury”.

(12) In section 333P(5), (6) and (8) (procedural requirements relating to FCA guidance), for “Treasury” substitute “Secretary of State”.

(13) In section 333Q(2) (funding of FCA’s pensions guidance costs: consultation before publishing draft rules), for “Treasury” substitute “Secretary of State”.

(14) In section 333R (funding of Treasury’s pensions guidance costs)—

(a)in subsections (1), (4) to (6), (8) to (10) and (12), for “Treasury” substitute “Secretary of State”,

(b)in subsections (1), (10) and (12), for “Treasury’s” substitute “Secretary of State’s”,

(c)in subsection (6), for “they” substitute “the Secretary of State”,

(d)in subsection (9), for “them” substitute “the Secretary of State”,

(e)in subsection (10)(f), for “its” substitute “the Secretary of State’s”, and

(f)in the heading, for “Treasury’s” substitute “Secretary of State’s”.

(1)

Part 20A was inserted by Schedule 3 to the Pension Schemes Act 2015 (c. 8).

Back to top

Options/Help

Print Options

Close

Legislation is available in different versions:

Latest Available (revised):The latest available updated version of the legislation incorporating changes made by subsequent legislation and applied by our editorial team. Changes we have not yet applied to the text, can be found in the ‘Changes to Legislation’ area.

Original (As Enacted or Made):The original version of the legislation as it stood when it was enacted or made. No changes have been applied to the text.

Close

Opening Options

Different options to open legislation in order to view more content on screen at once

Close

Explanatory Memorandum

Explanatory Memorandum sets out a brief statement of the purpose of a Statutory Instrument and provides information about its policy objective and policy implications. They aim to make the Statutory Instrument accessible to readers who are not legally qualified and accompany any Statutory Instrument or Draft Statutory Instrument laid before Parliament from June 2004 onwards.

Close

More Resources

Access essential accompanying documents and information for this legislation item from this tab. Dependent on the legislation item being viewed this may include:

  • the original print PDF of the as enacted version that was used for the print copy
  • lists of changes made by and/or affecting this legislation item
  • confers power and blanket amendment details
  • all formats of all associated documents
  • correction slips
  • links to related legislation and further information resources
Close

More Resources

Use this menu to access essential accompanying documents and information for this legislation item. Dependent on the legislation item being viewed this may include:

  • the original print PDF of the as made version that was used for the print copy
  • correction slips

Click 'View More' or select 'More Resources' tab for additional information including:

  • lists of changes made by and/or affecting this legislation item
  • confers power and blanket amendment details
  • all formats of all associated documents
  • links to related legislation and further information resources