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The Financial Services and Markets Act 2000 (Consequential and Transitional Provisions) (Miscellaneous) Order 2001
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Ombudsman scheme operator: budget
4.—(1) Paragraph 9(3) of Schedule 17 (which makes provision as to the contents of the scheme operator’s annual budget) does not apply to the scheme operator’s first budget.
(2) The scheme operator’s “first budget” is its budget for the financial year during which the appointed day occurs.
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