Point in time view as at 13/09/2018.
Financial Services and Markets Act 2000, Paragraph 9 is up to date with all changes known to be in force on or before 13 March 2025. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.
9(1)The scheme operator must, before the start of each of its financial years, adopt an annual budget which has been approved by the [F1FCA].U.K.
(2)The scheme operator may, with the approval of the [F1FCA], vary the budget for a financial year at any time after its adoption.
(3)The annual budget must include an indication of—
(a)the distribution of resources deployed in the operation of the scheme, and
(b)the amounts of income of the scheme operator arising or expected to arise from the operation of the scheme,
distinguishing between the scheme’s compulsory F2... and voluntary jurisdiction.
Textual Amendments
F1Word in Sch. 17 para. 9 substituted (24.1.2013 for specified purposes, 1.4.2013 in so far as not already in force) by Financial Services Act 2012 (c. 21), s. 122(3), Sch. 11 para. 22 (with Sch. 20); S.I. 2013/113, art. 2(1)(c), Sch. Pt. 3; S.I. 2013/423, art. 3, Sch.
F2Words in Sch. 17 para. 9(3) omitted (26.7.2013 for specified purposes, 1.4.2014 in so far as not already in force) by virtue of The Financial Services and Markets Act 2000 (Regulated Activities) (Amendment) (No. 2) Order 2013 (S.I. 2013/1881), arts. 1(2)(6), 10(21)(c)
Modifications etc. (not altering text)
C1Sch. 17 para. 9(3) excluded (18.6.2001) by S.I. 2001/1821, arts. 1(1), 4(1)
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