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If members of staff of the FSA are transferred to the consumer financial education body, the transfer is to be regarded for the purposes of TUPE as a relevant transfer, whether or not it would otherwise be so regarded.

In subsection (7)—

• “the consumer financial education body” has the same meaning as in section 6A of the Financial Services and Markets Act 2000,

• “the FSA” means the Financial Services Authority, and

• “TUPE” means the Transfer of Undertakings (Protection of Employment) Regulations 2006.