1 Schedule 1A (further provision about the consumer financial education body) is amended as follows.
2 In paragraph 1 (ensuring exercise of functions) for "Authority", in each place, substitute "FCA".
3 In paragraph 2 (constitution) for "Authority", in each place, substitute "FCA".
4 In paragraph 3 (status), in sub-paragraph (2), omit "board members,".
5 In paragraph 4 (discharge of functions by others), in sub-paragraph (1)(a), for "section 6A(1)" substitute "section 3S(3)".
6 In paragraph 5 in sub-paragraph (1), for "section 6A(1)" substitute "section 3S(3)".
7 For paragraph 6 (and the italic heading before it) substitute -
"Discharge of functions: considerations
6 In discharging the consumer financial education function the consumer financial education body must have regard to the duty of the FCA to advance its operational objectives.
Relationship with the FCA
(1) The consumer financial education body and the FCA must each take such steps as it considers approp