Article 17 Levies
(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.