Financial Guidance and Claims Bill (HL Bill 70)

EXPLANATORY NOTES

Explanatory notes to the Bill, prepared by the Department for Work and Pensions and HM Treasury, are published separately as HL Bill 1—EN.

EUROPEAN CONVENTION ON HUMAN RIGHTS

Baroness Buscombe has made the following statement under section 19(1)(a) of the Human Rights Act 1998:

In my view the provisions of the Financial Guidance and Claims Bill [HL] are compatible with the Convention rights.

Contents

  1. Part 1

    Financial Guidance

    1. Establishment of the single financial guidance body

      1. 1. The single financial guidance body

    2. Functions and objectives of the single financial guidance body

      1. 2. Functions and objectives

      2. 3. Specific requirements as to the pensions guidance function

      3. 4. Delegation of functions to delivery partner organisations

      4. 5. Guidance and directions from the Secretary of State

    3. Standards set by the single financial guidance body

      1. 6. Setting standards

      2. 7. Monitoring and enforcement of standards

    4. Funding of the single financial guidance body

      1. 8. Financial assistance from the Secretary of State

      2. 9. Levies under Pension Schemes Act 1993 and Pension Schemes (NI) Act 1993

      3. 10. Levy under FSMA 2000 for expenses of single financial guidance body

    5. Funding of debt advice in Scotland, Wales and Northern Ireland

      1. 11. Levy under FSMA 2000 for debt advice expenses of devolved authorities

    6. Miscellaneous

      1. 12. False claims about provision of information etc

      2. 13. Offences under section 12 committed by bodies corporate etc

      3. 14. Disclosure of information

      4. 15. FCA general rules: information about the availability of guidance

      5. 16. Minor and consequential amendments

      6. 17. Power to dissolve the single financial guidance body

      7. 18. Regulations dissolving the new single financial guidance body: procedure

      8. 19. Interpretation of Part 1

  2. Part 2

    Claims Management Services

    1. 20. Transfer to FCA of regulation of claims management services

    2. 21. Power of FCA to make rules restricting charges for claims management
      services

  3. Part 3

    General

    1. 22. Extent

    2. 23. Commencement

    3. 24. Short title

    1. Schedule 1

      The single financial guidance body

    2. Schedule 2

      Transfer schemes under section 1

    3. Schedule 3

      Minor and consequential amendments relating to Part 1

    4. Schedule 4

      Regulation of claims management services: transfer schemes

      1. Part 1

        Application and interpretation

      2. Part 2

        Transfer of property and staff from the Regulator to the FCA

      3. Part 3

        Transfer of property and staff from the OLC to the FOS

    5. Schedule 5

      Regulation of claims management services: transitional
      provision