PART 1Financial Guidance etc

Rules etc about financial guidance

I120FCA general rules: information about the availability of guidance

After section 137FBB of the Financial Services and Markets Act 2000 insert—

137FCFCA rules: disclosure of information about the availability of financial guidance

1

The FCA must make general rules requiring specified authorised persons to provide information about the availability of financial guidance to the descriptions of persons specified in the rules.

2

The rules may specify the circumstances in which the duty to provide the information applies.

3

Before the FCA publishes a draft of any rules to be made by virtue of this section, it must consult—

a

the Secretary of State,

b

the Treasury, and

c

the single financial guidance body.

4

In this section—

  • financial guidance” means information, guidance or advice provided in pursuance of the single financial guidance body's pensions guidance, debt advice or money guidance function (see section 3 of the Financial Guidance and Claims Act 2018);

  • specified authorised person” means an authorised person of a description specified in rules made by virtue of this section.