SCHEDULES

SCHEDULE 17 The Ombudsman Scheme

Part II The Scheme Operator

Budget

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.

(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.