PART 1

Financial Guidance etc

Rules etc about financial guidance

FCA general rules: information about the availability of guidance
20
After section 137FBB of the Financial Services and Markets Act 2000 insert—

FCA rules: disclosure of information about the availability of financial guidance
137FC
1
The FCA must make general rules requiring specified authorised persons to provide information about the availability of financial guidance to the descriptions of persons specified in the rules.
2
The rules may specify the circumstances in which the duty to provide the information applies.
3
Before the FCA publishes a draft of any rules to be made by virtue of this section, it must consult—
a
the Secretary of State,
b
the Treasury, and
c
the single financial guidance body.
4
In this section—
- “financial guidance” means information, guidance or advice provided in pursuance of the single financial guidance body's pensions guidance, debt advice or money guidance function (see section 3 of the Financial Guidance and Claims Act 2018);
- “specified authorised person” means an authorised person of a description specified in rules made by virtue of this section.
S. 20 in force at 1.1.2019 by S.I. 2018/1003, reg. 2(b)