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Textual Amendments
F1Sch. 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
7(1)The consumer financial education body must adopt an annual budget which has been approved by the [F2FCA].U.K.
(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.]
Textual Amendments
F2Word in Sch. 1A para. 7 substituted (24.1.2013 for specified purposes, 1.4.2013 in so far as not already in force) by Financial Services Act 2012 (c. 21), s. 122(3), Sch. 15 para. 8 (with Sch. 20); S.I. 2013/113, art. 2(1)(c), Sch. Pt. 3; S.I. 2013/423, art. 3, Sch.
F3Sch. 1A para. 7(4)(c) omitted (26.7.2013 for specified purposes) by virtue of The Financial Services and Markets Act 2000 (Regulated Activities) (Amendment) (No.2) Order 2013 (S.I. 2013/1881), arts. 1(2)(6), 10(16)(a)