Financial Services and Markets Act 2000 (c. 8)

[F1 PART 9A U.K. Rules and Guidance

Textual Amendments

F1 Pt. 9A substituted for ss. 138-164 (24.1.2013 for specified purposes, 1.4.2013 in so far as not already in force) by Financial Services Act 2012 (c. 21), ss. 24(1), 122(3) (with Sch. 20); S.I. 2013/113, art. 2(1)(c), Sch. Pt. 3; S.I. 2013/423, art. 3, Sch.

CHAPTER 1 U.K. Rule-making powers

General rule-making powers of the FCA and the PRA U.K.

[F2 137FC FCA rules: disclosure of information about the availability of financial guidance U.K.

(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 [F3 Money and Pensions Service].

(4) In this section—

• “financial guidance” means information, guidance or advice provided in pursuance of the [F4 Money and Pensions Service’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.]]

Textual Amendments

F2 S. 137FC inserted (1.1.2019) by Financial Guidance and Claims Act 2018 (c. 10), ss. 20, 37(5); S.I. 2018/1003, reg. 2(b)

F3 Words in s. 137FC(3)(c) substituted (6.4.2019) by The Financial Guidance and Claims Act 2018 (Naming and Consequential Amendments) Regulations 2019 (S.I. 2019/383), reg. 1(1), Sch. para. 7(b)(i)

F4 Words in s. 137FC(4) substituted (6.4.2019) by The Financial Guidance and Claims Act 2018 (Naming and Consequential Amendments) Regulations 2019 (S.I. 2019/383), reg. 1(1), Sch. para. 7(b)(ii)