SCHEDULES

F1SCHEDULE 1AFurther provision about the consumer financial education body

Part 2Funding

Meaning of “the relevant costs”

11

(1)

In this Part of this Schedule “the relevant costs” means—

(a)

the expenses incurred by the F2FCA in establishing the consumer financial education body; and

(b)

the expenses incurred, or expected to be incurred, by the consumer financial education body in connection with the discharge of the consumer financial education function.

(2)

For the purposes of sub-paragraph (1)(a) it does not matter when the expenses were incurred.