Financial Guidance and Claims Act 2018
Financial Guidance and Claims Act 2018 (2018 c. 10)
- Financial Guidance and Claims Act 2018 (2018 c. 10)
- PART 1 Financial Guidance etc
- Establishment of the single financial guidance body
- 1 The single financial guidance body
- Objectives and functions of the single financial guidance body
- 2 Objectives
- 3 Functions
- 4 Specific requirements as to the pensions guidance function
- 4A Specific functions included in the pensions guidance function
- 5 Delegation of functions to delivery partner organisations
- 6 Debt respite scheme: advice to the Secretary of State
- 7 Debt respite scheme: regulations
- 8 Guidance and directions from the Secretary of State
- Standards set by the single financial guidance body
- 9 Setting standards
- 10 Monitoring and enforcement of standards
- Funding of the single financial guidance body
- 11 Financial assistance from the Secretary of State
- 12 Levies under Pension Schemes Act 1993 and Pension Schemes (NI) Act 1993
- 13 Levy under FSMA 2000 for expenses of single financial guidance body
- Funding of debt advice in Scotland, Wales and Northern Ireland
- 14 Levy under FSMA 2000 for debt advice expenses of devolved authorities
- Offence of impersonating the single financial guidance body
- 15 False claims about provision of information etc
- 16 Offences under section 15 committed by bodies corporate etc
- Information exchange
- 17 Disclosure of information
- Rules etc about financial guidance
- 18 Personal pension schemes: requirements to refer members to guidance etc
- 19 Occupational pension schemes: requirements to refer members to guidance etc
- 20 FCA general rules: information about the availability of guidance
- Unsolicited direct marketing approaches
- 21 Unsolicited direct marketing: pensions
- 22 Unsolicited direct marketing: other consumer financial products etc
- Miscellaneous
- 23 Power to dissolve the single financial guidance body
- 24 Regulations dissolving the new single financial guidance body: procedure
- 25 Minor and consequential amendments
- 26 Interpretation of Part 1
- PART 2 Claims Management Services
- Transfer of regulation of claims management services to FCA
- 27 Transfer to FCA of regulation of claims management services
- Charges for claims management services
- 28 Power of FCA to make rules restricting charges for claims management services
- 29 PPI claims and charges for claims management services: general
- 30 PPI claims: interim restriction on charges before transfer of regulation to FCA
- 31 PPI claims: interim restriction on charges imposed by authorised persons after transfer of regulation to FCA
- 32 PPI claims: interim restriction on charges imposed by legal practitioners after transfer of regulation to FCA
- 33 Legal services regulators' rules: charges for claims management services
- 34 Extension of power of the Law Society of Scotland to make rules
- Cold calling about claims management services
- 35 Cold calling about claims management services
- PART 3 General
- 36 Extent
- 37 Commencement
- 38 Short title
- SCHEDULES
- SCHEDULE 1 THE SINGLE FINANCIAL GUIDANCE BODY
- Status
- Members: general
- Non-executive members: tenure
- Non-executive members: conflicts of interest
- Non-executive members: remuneration etc
- Executive members: appointment
- Executive members: terms and conditions
- Other staff: appointment, terms and conditions
- Committees
- Delegation
- Procedure etc
- Validity of acts
- Authentication of seal
- Reports and accounts
- SCHEDULE 2 TRANSFER SCHEMES UNDER SECTION 1
- Power to make transfer schemes
- Contents of a scheme
- Modifications to a scheme
- Supplementary
- SCHEDULE 3 MINOR AND CONSEQUENTIAL AMENDMENTS RELATING TO PART 1
- Public Records Act 1958 (c. 51)
- Parliamentary Commissioner Act 1967 (c. 13)
- House of Commons Disqualification Act 1975 (c. 24)
- Northern Ireland Assembly Disqualification Act 1975 (c. 25)
- Financial Services and Markets Act 2000 (c. 8)
- Freedom of Information Act 2000 (c. 36)
- Equality Act 2010 (c. 15)
- Financial Services Act 2010 (c. 28)
- Financial Services Act 2012 (c. 21)
- Pension Schemes Act 2015 (c. 8)
- Bank of England and Financial Services Act 2016 (c. 14)
- SCHEDULE 4 REGULATION OF CLAIMS MANAGEMENT SERVICES: TRANSFER SCHEMES
- PART 1 APPLICATION AND INTERPRETATION
- PART 2 TRANSFER OF PROPERTY AND STAFF FROM THE REGULATOR TO THE FCA
- Power of Secretary of State to make transfer schemes
- Transfer of property, rights and liabilities
- Contents of a transfer scheme
- Supplementary
- Modification of a transfer scheme
- PART 3 TRANSFER OF PROPERTY AND STAFF FROM THE OLC TO THE FOS
- Power of OLC to make transfer schemes
- Power of Lord Chancellor to make transfer schemes
- Provision of information and assistance by OLC
- Transfer of property, rights and liabilities
- Contents of a transfer scheme
- Supplementary
- Modification of a transfer scheme
- SCHEDULE 5 REGULATION OF CLAIMS MANAGEMENT SERVICES: TRANSITIONAL PROVISION
- FCA information gathering powers
- FCA preparatory steps
- Consultation requirements
- Designation of Regulator's rules
- Provision of information by Regulator and OLC
- Complaints handling
- Interpretation
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