Financial Guidance and Claims Bill [HL]

Explanatory Notes

Territorial extent and application

Single Financial Guidance Body

20 The SFGB will deliver its pensions function, money guidance function and strategic function UK-wide.

21 The SFGB’s debt advice function will only apply to England.

22 The full detail of the territorial extent and application of the clauses, and whether or not a legislative consent motion is needed, is set out at Annex A.

Claims Management Services

23 The Financial Conduct Authority will regulate claims management services being provided within England and Wales only, and Part 2 of the Bill, which deals with claims management services, only extends to England and Wales.

24 See the table in Annex A for a summary of the position regarding territorial extent and application in the United Kingdom. The table also summarises the position regarding legislative consent motions and matters relevant to Standing Orders Nos. 83J to 83X of the Standing Orders of the House of Commons relating to Public Business.


Prepared 22nd June 2017