Section 33 Enforcement by the FCAI1

England, Wales and Scotland

(1)

The Treasury may make regulations to enable the FCA to take action (in addition to any action it may otherwise take under the Financial Services and Markets Act 2000) for monitoring and enforcing compliance of an FCA-regulated person with any provision of small pots regulations.

(2)

The regulations may apply, or make provision corresponding to—

(a)

provision contained in small pots regulations by virtue of section 32, or

(b)

any provision of the Financial Services and Markets Act 2000,

with or without modification.

(3)

Regulations under this section are subject to the affirmative procedure.

(4)

For the purposes of this Chapter a person is “FCA-regulated” if they are an authorised person (within the meaning of the Financial Services and Markets Act 2000) in relation to the operation of a pension scheme.

Annotations

Commencement

I1: S. 33 in force at Royal Assent, see s. 133(4)(b)