Financial Services & Markets Act 2000 - Amended Order 2024
Update
HM Treasury has published a draft of The Financial Services and Markets Act 2000 (Regulated Activities) (Amendment) Order 2024, in which ‘operating a pensions dashboard service’ becomes a regulated activity. The meaning of ‘operating a pensions dashboard service’ is the same as in section 238A of the Pensions Act 2004. Furthermore, any pension in respect of which information is requested by an individual or provided to an individual using a pensions dashboard service will be a specified investment.
The draft Order states that it will come into force on the 11 March 2024, meaning a person who carries on the activity in the United Kingdom must either be authorised under the Act to carry out the activity or be exempt (see section 19 of the Act (the general prohibition)).
Links: https://www.legislation.gov.uk/ukdsi/2024/9780348255584