Amendment of the Financial Services and Markets Act 2000 (Regulated Activities) Order 20012

1

The Financial Services and Markets Act 2000 (Regulated Activities) Order 20013 is amended as follows.

2

After article 82 insert—

Pensions in respect of which information is requested or provided using a pensions dashboard service82ZA

1

Any pension in respect of which information is requested or provided using a pensions dashboard service as defined in article 89BA(3) (operating a pensions dashboard service).

2

Paragraph (1) specifies a kind of investment in relation to the kind of activity specified in article 89BA, and not in relation to any other specified kind of activity.

3

In article 89 (rights to or interests in investments), in paragraph (2A), after “benefits)” insert “or article 89BA (operating a pensions dashboard service)”.

4

After article 89B (providing credit references) insert—

Operating a pensions dashboard service89BA

1

Operating a pensions dashboard service which connects to the Money and Pensions Service4 dashboards digital architecture is a specified kind of activity.

2

This article does not apply to the Money and Pensions Service.

3

In this Order—

  • “connect to the Money and Pensions Service dashboards digital architecture” means connect to the information technology systems delivered by or on behalf of the Money and Pensions Service that enable the interconnected system comprised of the following elements to work—

    1. a

      the Money and Pensions Service dashboards digital architecture,

    2. b

      the pensions dashboard services that connect to the Money and Pensions Service dashboards digital architecture,

    3. c

      the interfaces of pension schemes that connect to the Money and Pensions Service dashboards digital architecture,

    4. d

      the interfaces of pension schemes that connect to pensions dashboard services, and

    5. e

      any other party or service that needs to be connected in order for the system to work;

  • “pensions dashboard service” has the same meaning as in section 238A(1) of the Pensions Act 20045.