Citation and commencement

1.-(1) This Order may be cited as the Transfer of Functions (Pensions Guidance) Order 2015.

(2) This Order comes into force on 1st April 2016.

Transfer of functions from the Treasury to the Secretary of State

2.  The functions of the Treasury under Part 20A of the Financial Services and Markets Act 2000(2) (pensions guidance) are transferred to the Secretary of State.

Supplemental provision in connection with article ‎2

3.-(1) In this article "pensions guidance function" means a function transferred to the Secretary of State by article ‎2.

(2) There are transferred to the Secretary of State for Work and Pensions all property, rights and liabilities to which the Treasury is entitled or subject at the coming into force of this Order in connection with a pensions guidance function.

(3) Anything (including legal proceedings) which, at the coming into force of this Order, is in the process of being done by or in relation to the Treasury may, so far as it relates to a pensions guidance function or anything transferred by paragraph (2), be continued by or in relation to the Secretary of State for Work and Pensions.

(4) Anything done (or having effect as if done) by or in relation to the Treasury in connection with a pensions guidance function or anything transferred by paragraph (2) has effect, so far as necessary for continuing its effect after the coming into force of this Order, as if done by or in relation to the Secretary of State for Work and Pensions.

(5) Documents or forms printed for use in connection with a pensions guidance function may be used in connection with the exercise of that function by the Secretary of State for Work and Pensions even though they contain, or are to be read as containing, references to the Treasury; and for the purposes of the use of any such documents or forms in connection with the exercise of that function by the Secretary of State for Work and Pensions, those references are to be read as references to the Secretary of State for Work and Pensions.

(6) Any enactment or instrument passed or made before the coming into force of this Order has effect-

(a)so far as necessary for the purposes of or in consequence of article ‎2, as if references to the Treasury (and references which are to be read as references to the Treasury) were or included references to the Secretary of State, and

(b)so far as necessary for the purposes of or in consequence of paragraph ‎(2), as if references to the Treasury (and references which are to be read as references to the Treasury) were or included references to the Secretary of State for Work and Pensions.

(7) In paragraphs ‎(3) to ‎(6)-

(a)references to the Treasury are to be read as including references to the department of Her Majesty's Treasury or an officer of the Treasury, and

(b)references to the Secretary of State (or to the Secretary of State for Work and Pensions) are to be read as including references to the department or an officer of the Secretary of State (or of the Secretary of State for Work and Pensions) accordingly.

(8) In paragraph ‎(6), "instrument" includes Royal Charters, Royal Warrants, Orders in Council, Letters Patent, judgments, decrees, orders, rules, regulations, schemes, bye-laws, awards, licences, authorisations, consents, approvals, contracts and other agreements, memoranda and articles of association, certificates, deeds and other documents.

Validity of things done before coming into force of Order

4.-(1) This Order does not affect the validity of anything done (or having effect as if done) by or in relation to the Treasury before the coming into force of this Order.

(2) In paragraph ‎(1), the reference to the Treasury is to be read as including a reference to the department of Her Majesty's Treasury or an officer of the Treasury.

Consequential amendments

5.  The Schedule has effect.

Article ‎5

SCHEDULECONSEQUENTIAL AMENDMENTS

Financial Services and Markets Act 2000 (c. 8)

1.-(1) Part 20A of the Financial Services and Markets Act 2000(3) (pensions guidance) is amended as follows.

(2) In section 333B (role in relation to pensions guidance)-

(a)in subsection (1)-

(i)for "Treasury" substitute "Secretary of State", and

(ii)for "they consider" substitute "the Secretary of State considers",

(b)in subsection (2), for "Treasury" substitute "Secretary of State", and

(c)in the heading, for "Treasury's" substitute "Secretary of State's".

(3) In section 333C(1) and (5) (giving of pensions guidance), for "Treasury" substitute "Secretary of State".

(4) In section 333D (financial assistance to bodies involved in giving pensions guidance)-

(a)in subsection (1), for "Treasury" substitute "Secretary of State", and

(b)in subsection (2)(b), for "Treasury consider" substitute "Secretary of State considers".

(5) In section 333E (designation of providers of pensions guidance)-

(a)in subsections (1)(e) and (2) to (6), for "Treasury" substitute "Secretary of State", and

(b)in subsection (6), for "they consider" substitute "the Secretary of State considers".

(6) In section 333F(1)(b) and (2) (co-operation and information sharing), for "Treasury" substitute "Secretary of State".

(7) In section 333G (offence of falsely claiming to be giving pensions guidance)-

(a)in subsections (1) and (2), for "Treasury" substitute "Secretary of State", and

(b)in the heading, for "Treasury arrangements" substitute "arrangements made with Secretary of State".

(8) In section 333J(1)(b) (power of Financial Conduct Authority to recommend giving of direction under section 333M), for "Treasury" substitute "Secretary of State".

(9) In section 333K(4) (consent required for issue by FCA of statement of policy on making recommendations under section 333J), for "Treasury" substitute "Secretary of State".

(10) In section 333L(1)(a) (FCA policy on making recommendations under section 333J: consultation requirement), for "Treasury" substitute "Secretary of State".

(11) In section 333M (failure by designated guidance providers to comply with standards: power to give directions)-

(a)in subsections (1) to (7), for "Treasury" in each place substitute "Secretary of State",

(b)in subsections (1) and (5), for "consider" in each place substitute "considers", and

(c)in the heading, omit "Treasury".

(12) In section 333P(5), (6) and (8) (procedural requirements relating to FCA guidance), for "Treasury" substitute "Secretary of State".

(13) In section 333Q(2) (funding of FCA's pensions guidance costs: consultation before publishing draft rules), for "Treasury" substitute "Secretary of State".

(14) In section 333R (funding of Treasury's pensions guidance costs)-

(a)in subsections (1), (4) to (6), (8) to (10) and (12), for "Treasury" substitute "Secretary of State",

(b)in subsections (1), (10) and (12), for "Treasury's" substitute "Secretary of State's",

(c)in subsection (6), for "they" substitute "the Secretary of State",

(d)in subsection (9), for "them" substitute "the Secretary of State",

(e)in subsection (10)(f), for "its" substitute "the Secretary of State's", and

(f)in the heading, for "Treasury's" substitute "Secretary of State's".

EXPLANATORY NOTE

(This note is not part of the Order)

This Order, made under section 1 of the Ministers of the Crown Act 1975, transfers statutory functions relating to pensions guidance from the Treasury to the Secretary of State. The Order also makes supplemental provision in connection with these transfers.

Article 2 provides for the transfer of the functions of the Treasury under Part 20A of the Financial Services and Markets Act 2000 to the Secretary of State.

Article 3 makes supplemental provision, including provision for the transfer of all property, rights and liabilities of the Treasury in connection with the functions transferred by article 2.

Article 4 contains a saving confirming the validity of anything done by or in relation to the Treasury before the coming into force of this Order.

Article 5 and the Schedule make consequential amendments to Part 20A of the Financial Services and Markets Act 2000.

Nothing in this Order alters the functions of the Welsh Ministers, the Scottish Ministers or the devolved authorities in Northern Ireland.

An impact assessment has not been produced for this instrument as no impact on the private or voluntary sector is foreseen.