PDCOB 9.3 Requirements for the arrangement
1Before a third-party dashboard access provider is able to offer a firm’s pensions dashboard platform to a customer, the firm must ensure that there is an enforceable written agreement in place between the firm and the third-party dashboard access provider that:
- (1)
allows the firm reasonable access to the third-party dashboard access provider’s operations as necessary to allow the firm to carry out proper monitoring;
- (2)
requires the third-party dashboard access provider to represent and warrant that it will not:
- (a)
modify, edit or alter the pensions dashboard platform;
- (b)
charge or attempt to charge a customer for any services connected to the firm’s pensions dashboard platform; or
- (c)
promote the firm’s pensions dashboard platform in a way that may breach any protections within the FCA’s regulatory framework or the general law;
- (a)
- (3)
requires the third-party dashboard access provider to take all reasonable steps to remedy a breach of the requirements in (2);
- (4)
requires the third-party dashboard access provider to indemnify the firm (or, where applicable, a successor) against all losses suffered by the firm (or, where applicable, a successor) arising out of, or in connection with, a breach by the third-party dashboard access provider of any of the requirements set out in (2); and
- (5)
permits the firm to terminate the third-party dashboard access provider’s access to the pensions dashboard platform immediately where the third-party dashboard access provider has breached, or has attempted to breach, one of the requirements in (2).
1PDCOB 9.3.1R does not prescribe the exact wording of the written agreement with the third-party dashboard access provider.