1 This is the Schedule 1A to be inserted in the Financial Services and Markets Act 2000 after Schedule 1 -
"Schedule 1A Further provision about the consumer financial education body
Part 1 General
Ensuring exercise of consumer financial education function etc
(1) The Authority must take such steps as are necessary to ensure that the consumer financial education body is, at all times, capable of exercising the consumer financial education function.
(2) In complying with the duty under sub-paragraph (1) the Authority may, in particular, provide services to that body which the Authority considers would facilitate the exercise of that function.
(1) The constitution of the consumer financial education body must provide for it to have -
(a) a chair;
(b) a chief executive; and
(c) a board (which must include the chair and chief executive) whose members are the body's directors.
(2) The members of the board must be persons appointed, and liable to