13 Levy under FSMA 2000 for expenses of single financial guidance body
Financial Guidance and Claims Act 2018 (2018 c 10) | Legislation

13  Levy under FSMA 2000 for expenses of single financial guidance body

(1)     In the Financial Services and Markets Act 2000, after section 137S, insert—

“137SA Rules to recover expenses relating to the single financial guidance body

(1)     The Secretary of State may, from time to time, notify the FCA of the amount of—

(a)     the expenses incurred, or expected to be incurred, by the Secretary of State under section 11 of the Financial Guidance and Claims Act 2018 (financial assistance from Secretary of State to single financial guidance body), and

(b)     any other expenses incurred, or expected to be incurred, by the Secretary of State in connection with the operation of the single financial guidance body,

that the Secretary of State considers should be recovered under this section.

(2)     Where the Secretary of State has notified the FCA of an amount of expenses under subsection (1),

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