SCHEDULES

F1SCHEDULE 1AFurther provision about the consumer financial education body

Annotations:
Amendments (Textual)
F1

Sch. 1A inserted (8.4.2010 for certain purposes and 1.4.2011 otherwise) by Financial Services Act 2010 (c. 28), ss. 2(6), 26(1)(b)(k), Sch. 1 para. 1 (with Sch. 1 para. 2); S.I. 2010/2480, art. 3

Part 1General

Budget

7

1

The consumer financial education body must adopt an annual budget which has been approved by the F2FCA.

2

The budget must be adopted—

a

in the case of the body's first financial year, as soon as reasonably practicable after the body is established; and

b

in the case of each subsequent financial year, before the start of the financial year.

3

The consumer financial education body may, with the approval of the F2FCA, vary the budget for a financial year at any time after its adoption.

4

Before adopting or varying a budget, the consumer financial education body must consult—

a

the Treasury;

b

the Secretary of State;

c

F3... and

d

such other persons (if any) as the body considers appropriate.

5

The consumer financial education body must publish each budget, and each variation of a budget, in the way it considers appropriate.