Closed consultation

Creating a secondary market for annuities: secondary legislation

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Original consultation

This consultation ran from to


Technical consultation seeking views on draft secondary legislation for the secondary market in annuities.


Consultation description

This document sets out and seeks views on draft secondary legislation to create three new specified activities in the Financial Services and Markets Act 2000 (Regulated Activities) Order 2001 that will apply to any person wishing to operate in the new secondary market for annuities.

The government’s proposals will require anyone wanting to operate in this market to be authorised and supervised by the Financial Conduct Authority (FCA) and will make it easier for the FCA to apply specific, tailored rules to participating UK firms.