# The Financial Services and Markets Act 2000 (Transitional Provisions, Repeals and Savings) (Financial Services Compensation Scheme) Order 2001, 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.

---
Source: https://www.legislation.gov.uk/uksi/2001/2967/article/17 (the official version)
Page: https://openlegislation.uk/financial-services-and-markets-act-2000-transitional-provisions-repeals-and-savings-financial-services-compensation-scheme-order-2001/article-17
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.