1246Levies under FISMA 2000U.K.
This section has no associated Explanatory Notes
(1)Sums—
(a)spent by a company with investment business in paying a levy, or
(b)paid by a company with investment business as a result of an award of costs under costs rules,
are treated for the purposes of Chapter 2 as expenses of management.
(2)In this section “costs rules” has the meaning given by section 92(2).
(3)In this section “levy” has the meaning given by section 92(3).