The Financial Guidance and Claims Act 2018 (Commencement No. 5) Regulations 2018

• Citation: S.I. 2018/1330
• Sections: 3

Section 1 Citation

These Regulations may be cited as the Financial Guidance and Claims Act 2018 (Commencement No. 5) Regulations 2018.

Section 2 Provisions coming into force on 1st January 2019

The day appointed for the coming into force of the following provisions of the Financial Guidance and Claims Act 2018 is 1st January 2019—

(a) section 3(8) and (10) (functions);

(b) section 4 (specific requirements as to the pensions guidance function);

(c) section 5 (delegation of functions to delivery partner organisations);

(d) section 10 (monitoring and enforcement of standards);

(e) section 17(4), (5) and (6)(b) (disclosure of information);

(f) section 18(7) (personal pension schemes: requirements to refer members to guidance etc); and

(g) the following provisions in Schedule 3 (minor and consequential amendments relating to Part 1) and section 25 (minor and consequential amendments) so far as it relates to them—

(i) paragraph 7;

(ii) paragraphs 9 and 10;

(iii) paragraph 13(b) and (d);

(iv) paragraph 14(2)(b) and (d) and (3)(b) and (d);

(v) paragraphs 16 to 20;

(vi) paragraphs 21(2)(a) and (c), (3)(a), (4), (5)(a)(iii), (5)(b)(i) and (ii) and 30(b); and

(vii) paragraphs 31 and 32.

Section 3 Provisions coming into force on 1st of January 2019 for specified purposes

The day appointed for the coming into force of sections 3(1), (4) to (7) and (9) and 18(1) of the Financial Guidance and Claims Act 2018 is 1st January 2019 and for the following purposes—

(a) section 3(1), (4) to (7) and (9) comes into force for all remaining purposes; and

(b) section 18(1) comes into force for the purposes of section 18(7).