[Part 1 General]
[Part 1 General]

1

(1)     The [FCA] must take such steps as are necessary to ensure that the consumer financial education body is, at all times, capable of exercising the consumer financial education function.

(2)     In complying with the duty under sub-paragraph (1) the [FCA] may, in particular, provide services to that body which the [FCA] considers would facilitate the exercise of that function.

2

(1)     The constitution of the consumer financial education body must provide for it to have—

(a)     a chair;

(b)     a chief executive; and

(c)     a board (which must include the chair and chief executive) whose members are the body's directors.

(2)     The members of the board must be persons appointed, and liable to removal from office, by the [FCA] (acting, in the case of the chair or chief executive, with the approval of the Treasury).

(3)     But the terms of appointment of members of the board (and in particular those governing removal from office) must be such as to secure their independence from the [FCA] in the exercise of the consumer financial education function.

(4)     The [FCA] may appoint a person to be a member of the board only if it is satisfied that the person has knowledge or experience which is likely to be relevant to the exercise by the body of the consumer financial education function.

3

(1)     The consumer financial education body is not to be regarded as exercising functions on behalf of the Crown.

(2)     The body's . . . officers and staff are not to be regarded as Crown servants.

4

(1)     The consumer

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