Part 4: Pensions Dashboards Section 121: Information from personal and stakeholder pension schemes 137FAC Sections 137FAA and 137FAB: supplementary
Subsection (1) provides that the Financial Conduct Authority must consult the Secretary of State and HM Treasury before publishing a draft of the rules.
	Subsection (2) provides that section 137AA is not to be treated requiring the Financial Conduct Authority to make general rules by virtue of that section which come into force before regulations under section 238D of the Pensions Act 2004 are in force.
	Whilst section 137FAA imposes a duty on the Financial Conduct Authority to make rules, subsection (3) makes it clear that this is not to be taken as requiring the Authority to make rules in every case to which the power extends. This is so that provision may be made for exceptions, for example where a personal pension scheme has very few members, or to allow for a phased introduction so that the requirements apply to some schemes before others.
	Subsection (4) clarifies that any reference made to the Money and Pensions Service also applies to those with whom the Money and Pensions Service have made arrangements to act as delivery partners.
	Subsection (5) provides for definitions relevant to newly inserted sections 137FAA and 137FAB, including definitions of "pensions dashboard service", "personal pension scheme", "qualifying pensions dashboard service", "specified authorised person" and "stakeholder pension scheme".
	Section 121(3) makes an amendment to section 138F of FSMA whereby the Financial Conduct Authority will not be required to notify the Bank of England about rules made under section 137FAA in regards to pensions dashboards.