Financial Services and Markets Act 2000

[F1333EDesignation of providers of pensions guidanceU.K.

This section has no associated Explanatory Notes

(1)In this Part “designated guidance provider” means—

(a)the Pensions Advisory Service Limited,

(b)the National Association of Citizens Advice Bureaux,

(c)the Scottish Association of Citizens Advice Bureaux,

(d)the Northern Ireland Association of Citizens Advice Bureaux, or

(e)a person designated by the [F2Secretary of State] as someone who must, in giving pensions guidance, comply with standards set by the FCA under section 333H.

(2)Before designating a person under subsection (1)(e), the [F3Secretary of State] must—

(a)consult the FCA,

(b)notify the person to be designated, and

(c)consider any representations made.

(3)The [F3Secretary of State] may revoke a designation under subsection (1)(e).

(4)The [F3Secretary of State] must give notice in writing of a designation under subsection (1)(e) or the revocation of a designation under subsection (3) to the person designated or (as the case may be) the person whose designation has been revoked.

(5)The [F3Secretary of State] must send a copy of a notice given under subsection (4) to—

(a)all other designated guidance providers, and

(b)the FCA.

(6)The [F3Secretary of State] must from time to time publish, in such manner as [F4the Secretary of State considers] appropriate, a list of the persons who are designated under subsection (1)(e).]