Valid from 08/04/2010
[F1BudgetU.K.
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 Authority.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 Authority, 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)the Office of Fair Trading; 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.]