Section 27

1 This Schedule applies if the Treasury make an order under section 22(1B) of the Financial Services and Markets Act 2000 which has the effect that an activity -

(a) becomes a regulated activity for the purposes of that Act, and

(b) ceases to be a regulated service under Part 2 of the Compensation Act 2006 (see section 4(2)(e) of that Act).

2 In this Schedule -

"the data protection legislation" has the same meaning as in the Data Protection Act 2018 (see section 3 of that Act);

"the FCA" means the Financial Conduct Authority;

"the FOS" means the body corporate which administers the ombudsman scheme provided for in Part 16 of the Financial Services and Markets Act 2000 (see section 225 of that Act);

"the OLC" means the Office for Legal Complaints established by section 114 of the Legal Services Act 2007;