Financial Services and Markets Act 2000 (c. 8)

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[F1 PART 20A U.K. PENSIONS GUIDANCE

Textual Amendments

F1 Pt. 20A inserted (3.3.2015) by Pension Schemes Act 2015 (c. 8), s. 89(1)(a), Sch. 3 para. 2 (with s. 87, Sch. 3 para. 18(1))

Modifications etc. (not altering text)

C1 Pt. 20A functions transferred (1.4.2016) by The Transfer of Functions (Pensions Guidance) Order 2015 (S.I. 2015/2013), arts. 1(2), 2 (with art. 4)

FCA's duties and power to give guidance U.K.

333O FCA's duties U.K.

(1) The FCA must discharge its general pensions guidance functions with a view to securing an appropriate degree of protection for recipients of pensions guidance from designated guidance providers.

(2) In discharging its general pensions guidance functions the FCA must have regard to—

(a) its strategic and operational objectives in section 1B(2) and (3), and

(b) the regulatory principles in section 3B.

(3) In this section the FCA's “general pensions guidance functions” means its functions of—

(a) setting standards under section 333H,

(b) issuing statements under section 333K,

(c) giving general guidance under section 333P (see section 333P(9)),

(d) making rules under section 333Q, and

(e) determining the general policy and principles by reference to which it performs particular functions under this Part.]