F1SCHEDULE 1AFurther provision about the consumer financial education body
Part 3Reviews
Reviews of economy etc of the consumer financial education body
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(1)
The F2FCA may appoint an independent person to conduct a review of the economy, efficiency and effectiveness with which the consumer financial education body has used its resources in discharging the consumer financial education function.
(2)
The F2FCA must consult the Treasury before acting under this paragraph.
(3)
A review is not to be concerned with the merits of the body's general policy or principles in discharging the consumer financial education function.
(4)
On completion of a review, the person conducting it must make a written report to the F2FCA—
(a)
setting out the result of the review; and
(b)
making such recommendations (if any) as the person considers appropriate.
(5)
The F2FCA must publish a copy of the report in the way it considers appropriate.
(6)
Any expenses reasonably incurred in the conduct of the review are to be met by the F2FCA.
(7)
“Independent” means appearing to the F2FCA to be independent of the consumer financial education body.