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The Financial Services and Markets Act 2000 (Transitional Provisions, Repeals and Savings) (Financial Services Compensation Scheme) Order 2001
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17.—(1) The reference to the expenses of the scheme manager in section 213(3)(b) of the Act is to be taken as including a reference to expenses (including administrative expenses) incurred by the scheme manager in—
(a)receiving, assessing and determining transitional applications;
(b)making payments in respect of article 9 defaults by virtue of this Order;
(c)receiving, assessing and determining claims made pursuant to rules made under article 12(3); or
(d)doing anything incidental to the performance of those functions.
(2) No provision of an investment business compensation scheme has effect after commencement to the extent that it imposes a levy or equivalent kind of charge on any person.
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