uksi/2021/764 — The Financial Guidance and Claims Act 2018 (Commencement No. 8) Regulations 2021

2021 No. 764 (C. 40) Financial Services Consumer Protection The Financial Guidance and Claims Act 2018 (Commencement No. 8) Regulations 2021 Made 25th June 2021 The Secretary of State for Work and Pensions, in exercise of the powers conferred by section 37(5), (8)(b) and (9)(a)(i) of the Financial Guidance and Claims Act 2018 , makes the following Regulations. Citation and interpretation 1 1 These Regulations may be cited as the Financial Guidance and Claims Act 2018 (Commencement No. 8) Regulations 2021. 2 In these Regulations “the Act” means the Financial Guidance and Claims Act 2018. Appointed day 2 The day appointed for the coming into force of the following provisions of the Act is 5th July 2021— a section 18(1) (personal pension schemes: requirements to refer members to guidance etc.) only in so far as it relates to the provisions specified in paragraphs (b) and (c) of this regulation; b for the purpose only of making rules, section 18(2); c section 18(3) to (6); d section 19(1) (occupational pension schemes: requirements to refer members to guidance etc.) only in so far as it relates to the provisions specified in paragraphs (e) and (f) of this regulation; e for the purpose only of making regulations, section 19(2) and (3); and f section 19(4). Signed by the authority of the Secretary of State for Work and Pensions Guy Opperman Parliamentary Under Secretary of State Department for Work and Pensions 25th June 2021 EXPLANATORY NOTE (This note is not part of the Regulations) These Regulations are the eighth commencement regulations made under the Financial Guidance and Claims Act 2018 (c. 10) (“the Act”) and commence provisions of the Act relating to requirements to refer individuals to pensions guidance. Regulation 2 appoints the day for the coming into force of section 18(2) of the Act (requirements to refer members to appropriate guidance by trustees or managers of personal or stakeholder pension schemes) for the purpose only of the making of rules by the Financial Conduct Authority as 5th July 2021. It also appoints 5th July 2021 as the day for the coming into force of section 18(3) to (6) of the Act. In particular, section 18(4) and (6) relate to requirements on the Financial Conduct Authority to consult specified persons before publishing a draft of its rules and, in determining what provision to make in its rules, to have regard to any regulations that are for the time being in force under section 113B of the Pension Schemes Act 1993 (occupational pension schemes: requirements to refer members to guidance etc.) (c. 48) (“the 1993 Act”). In addition, regulation 2 appoints the day for the coming into force of section 19(2) and (3) of the Act (requirements to refer relevant beneficiaries to appropriate guidance by trustees or managers of occupational pension schemes) for the purpose only of the making of regulations by the Secretary of State as 5th July 2021. It also appoints 5th July 2021 as the appointed day for the coming into force section 19(4) of the Act which amends section 182 of the 1993 Act (orders and regulations) to create an exception to the power of the Treasury to direct that regulation-making powers are exercisable only in conjunction with them. A full impact assessment has not been produced for this instrument as no, or no significant, impact on the private, voluntary or public sectors is foreseen. A full impact assessment has been produced in relation to the provisions of the Act, and a copy is available at http://www.legislation.gov.uk/ukpga/2018/10/resources . A hard copy of this impact assessment can be obtained from Private Pensions, Projects and Guidance, Department for Work and Pensions, Floor 1, Caxton House, 6 – 12 Tothill Street, London, SW1H 9NA. NOTE AS TO EARLIER COMMENCEMENT REGULATIONS (This note is not part of the Regulations) The following provisions of the Financial Guidance and Claims Act 2018 (c. 10) have been brought into force by commencement regulations made before the date of these Regulations: Provision Date of Commencement S.I. No. Section 1(1) to (5) and (7) 1st October 2018 2018/1029 Section 1(6) 6th April 2021 2021/433 Section 2 1st October 2018 2018/1029 Section 3(1)(a) to (c), (4) to (7) and (9) (for specified purposes) 1st October 2018 2018/1029 Section 3(1), (4) to (7) and (9) (for all remaining purposes) 1st January 2019 2018/1330 Section 3(2) and (3) 1st October 2018 2018/1029 Section 3(8) and (10) 1st January 2019 2018/1330 Section 4 1st January 2019 2018/1330 Section 5 1st January 2019 2018/1330 Section 6 1st October 2018 2018/1029 Section 7 1st October 2018 2018/1029 Section 8 1st October 2018 2018/1029 Section 9 1st October 2018 2018/1029 Section 10 1st January 2019 2018/1330 Section 11(2) 1st October 2018 2018/1029 Section 14 1st October 2018 2018/1003 Section 15 1st October 2018 2018/1029 Section 16 1st October 2018 2018/1029 Section 17(1) to (3), (6)(a), (7) and (8) 1st October 2018 2018/1029 Section 17(4), (5) and (6)(b) 1st January 2019 2018/1330 Section 18(1) (for specified purposes) 1st January 2019 2018/1330 Section 18(7) 1st January 2019 2018/1330 Section 20 1st January 2019 2018/1003 Section 23 1st October 2018 2018/1029 Section 24 1st October 2018 2018/1029 Section 26 1st October 2018 2018/1029 Section 27(1) to (14) 6th October 2018 2018/1045 Section 28 29th March 2019 2019/743 Section 33 29th March 2019 2019/743 Section 34 29th March 2019 2019/743 Section 35 8th September 2018 2018/987 Schedule 1 1st October 2018 2018/1029 Schedule 2 1st October 2018 2018/1029 Schedule 3 paragraph 1 1st October 2018 2018/1029 Schedule 3 paragraph 2 1st October 2018 2018/1029 Schedule 3 paragraph 4 1st October 2018 2018/1029 Schedule 3 paragraph 6 1st October 2018 2018/1029 Schedule 3 paragraph 7 1st January 2019 2018/1330 Schedule 3 paragraphs 9 and 10 1st January 2019 2018/1330 Schedule 3 paragraph 11 1st October 2018 2018/1029 Schedule 3 paragraph 12 6th April 2021 2021/433 Schedule 3 paragraph 13(b) and (d) 1st January 2019 2018/1330 Schedule 3 paragraph 13(c) 1st October 2018 2018/1029 Schedule 3 paragraph 14(2)(c) and (3)(c) 1st October 2018 2018/1029 Schedule 3 paragraph 15 6th April 2021 2021/433 Schedule 3 paragraphs 16 to 20 1st January 2019 2018/1330 Schedule 3 paragraph 21(2)(b), (3)(b), (5)(a)(ii) and (5)(b)(iv) 1st October 2018 2018/1029 Schedule 3 paragraphs 21(2)(a) and (c), (3)(a), (4), (5)(a)(iii), (5)(b)(i) and (ii) and 30(b) 1st January 2019 2018/1330 Schedule 3 paragraph 22 6th April 2021 2021/433 Schedule 3 paragraph 23 1st October 2018 2018/1029 Schedule 3 paragraph 24 1st October 2018 2018/1029 Schedule 3 paragraph 25 6th April 2021 2021/433 Schedule 3 paragraph 26 6th April 2021 2021/433 Schedule 3 paragraph 27 6th April 2021 2021/433 Schedule 3 paragraph 28 1st October 2018 2018/1029 Schedule 3 paragraph 29 6th April 2021 2021/433 Schedule 3 paragraph 30(a) and (c) 1st October 2018 2018/1029 Schedule 3 paragraphs 31 and 32 1st January 2019 2018/1330 Schedule 4 6th October 2018 2018/1045