Date-stamp loading
Version status: Omitted | Document consolidation status: Updated to reflect all known changes
Version date: 1 January 2019 - onwards
  Version 3 of 3    

333Q. Funding of FCA's pensions guidance costs

Omitted from 1 January 2019

(1) For the purpose of meeting the FCA's pensions guidance costs the FCA must make rules requiring designated guidance providers, or any specified class of designated guidance provider, to pay to the FCA specified amounts or amounts calculated in a specified way.

(2) Before the FCA publishes a draft of the rules it must consult the Secretary of State.

(3) The amounts to be paid under the rules may include a component -

(a) to cover the expenses of the FCA in collecting the payments;

(b) to enable the FCA to maintain an adequate reserve.

(4) In this section the "FCA's pensions guidance costs" means the expenses incurred, or expected to be incurred, by the FCA in connection with the carrying out of the functions conferred on it by this Part other than by section 333R.

Comparing proposed amendment...