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Version status: Omitted | Document consolidation status: Updated to reflect all known changes
Version date: 6 April 2021 - onwards
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3S. The consumer financial education body

Omitted from 6 April 2021

(1) The consumer financial education body continues to have the consumer financial education function.

(2) The "consumer financial education body" means the body corporate originally established by the Financial Services Authority under section 6A of this Act (as it had effect before the passing of the Financial Services Act 2012).

(3) The consumer financial education function is to enhance -

(a) the understanding and knowledge of members of the public of financial matters (including the UK financial system), and

(b) the ability of members of the public to manage their own financial affairs.

(4) The consumer financial education function includes, in particular -

(a) promoting awareness of the benefits of financial planning;

(b) promoting awareness of the financial advantages and disadvantages in relation to particular decisions relating to different kinds of goods or services;

(c) promoting awareness of the benefits and risks associated with different kinds of financial d

Comparing proposed amendment...