Date-stamp loading
Version status: Omitted | Document consolidation status: Updated to reflect all known changes
Version date: 6 April 2021 - onwards
  Version 3 of 3    

Schedule 1A, Part III Reviews (paras. 15-16)

Omitted from 6 April 2021

Section 3S

Reviews of economy etc of the consumer financial education body

15

(1) The FCA may appoint an independent person to conduct a review of the economy, efficiency and effectiveness with which the consumer financial education body has used its resources in discharging the consumer financial education function.

(2) The FCA must consult the Treasury before acting under this paragraph.

(3) A review is not to be concerned with the merits of the body's general policy or principles in discharging the consumer financial education function.

(4) On completion of a review, the person conducting it must make a written report to the FCA -

(a) setting out the result of the review; and

(b) making such recommendations (if any) as the person considers appropriate.

(5) The FCA must publish a copy of the report in the way it considers appropriate.

(6) Any expenses reasonably incurred in the conduct of the review are to be met by the FCA.

(7) "Independent" means appearing to the FC

Comparing proposed amendment...