Member

These amendments also provide transparency and accountability. The Secretary of State must consult widely before issuing the guidance and the final version must be laid before Parliament prior to publication. The Secretary of State must also keep the guidance under review and may revise and re-issue it, so trustees receive up-to-date support as investment landscapes and systemic risks evolve. The first guidance must be issued within 12 months of the provision coming into force, two months after Royal Assent.