Date-stamp loading
Version status: Omitted | Document consolidation status: Updated to reflect all known changes
Version date: 6 April 2021 - onwards
  Version 4 of 4    

Schedule 1A, Part I General (paras. 1-10)

Omitted from 6 April 2021

Section 3S

Ensuring exercise of consumer financial education function etc

1

(1) The FCA 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 FCA may, in particular, provide services to that body which the FCA considers would facilitate the exercise of that function.

Constitution

2

(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 removal from office, by the FCA (acting, in the case of the chair or chief executive, with the approval of the Treasury).

(3) But the terms of appointment of members of the board (and in particular those governing rem

Comparing proposed amendment...