Requirement to check that the authorised independent adviser has permission to carry on regulated activity11

When the trustees or managers have received the confirmation that appropriate independent advice has been received, they must check that the person providing that advice has permission to carry on the regulated activity under article 53E of the Regulated Activities Order (advising on conversion or transfer of pension benefits) by checking the Financial Services Register maintained by the FCA in accordance with section 347 M1 of the 2000 Act (the record of authorised persons etc.).