# The Financial Services and Markets Act 2000 (Claims Management Activity) Order 2018, Article 75: Surplus fees


(1) In this article, “relevant OLC expenditure” has the meaning given in section 174A of the 2007 Act.
(2) Paragraph (3) applies to any periodic fees charged by the Lord Chancellor to 2006 Act authorised persons under section 174A of the 2007 Act for the purposes of meeting any costs incurred by the Lord Chancellor in respect of relevant OLC expenditure.
(3) Where, immediately before 1st April 2019, the periodic fees held by the Lord Chancellor exceeded the Lord Chancellor’s costs incurred in respect of relevant OLC expenditure, those fees may be paid—
(a) to the OLC for the purpose of funding applications under section 141(2) or (3) of the 2007 Act falling within article 69(4); or
(b) to the FCA or the scheme operator for the purpose of funding the operation of the new scheme under section 234(1)(b) of the 2000 Act (industry funding).

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Source: https://www.legislation.gov.uk/ukdsi/2018/9780111172964/article/75 (the official version)
Page: https://openlegislation.uk/draft-financial-services-and-markets-act-2000-claims-management-activity-order-2018/article-75
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.