F1Part 7AUnilateral changes to pension schemes

117GFurther duties to make FCA general rules

(1)

The FCA must make general rules—

(a)

about the fees that may or may not be charged by the provider of a pension scheme in relation to unilateral changes effected under section 117B(1);

(b)

imposing requirements on the provider of a pension scheme who proposes to effect, or effects, a unilateral change under section 117B(1) to provide information to the independent person;

(c)

imposing requirements on the provider of a pension scheme who proposes to effect, or effects, a unilateral change under section 117B(1), as to the records they must keep and retain for the purposes of this Part.

(2)

The rules made by virtue of subsection (1) must apply in relation to pension schemes established before, as well as those established after, those rules (or this section) came into force.