F1SCHEDULE 1AFurther provision about the consumer financial education body
Part 2Funding
Funding of the relevant costs by authorised persons , payment service providers or electronic money issuers
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(1)
For the purpose of meeting a proportion of the relevant costs the F2FCA may makes rules requiring—
(a)
authorised persons F3, electronic money issuers or payment service providers, or
(b)
any specified class of authorised person F4, electronic money issuer or payment service provider,
to pay to the F2FCA specified amounts or amounts calculated in a specified way.
(2)
Before making the rules the F2FCA must have regard to other anticipated sources of funding of the relevant costs.
(3)
The amounts to be paid under the rules may include a component to cover the expenses of the F2FCA in collecting the payments (“collection costs”).
(4)
The F2FCA must pay to the consumer financial education body the amounts that it receives under the rules apart from amounts in respect of its collection costs (which it may keep).
F5(4A)
“Electronic money issuer” means a person who is an electronic money issuer for the purposes of the Electronic Money Regulations 2011 as a result of falling within any of paragraphs (a) to (e) and (h) to (j) of the definition in regulation 2(1).
(5)
“Payment service provider” means a person who is a payment service provider for the purposes of the Payment Services Regulations 2009 as a result of falling within any of paragraphs (a) to (f) of the definition in regulation 2(1).
(6)
“Specified” means specified in the rules.