Date-stamp loading
Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 29 August 2023 - onwards
  Version 2 of 2    

63 The Ombudsman scheme

(1) FSMA 2000 is amended as follows.

(2) In section 429 (Parliamentary control of statutory instruments), in subsection (2B) after paragraph (c) insert -

"(d) provision made under paragraph 15(3) of Schedule 17."

(3) Paragraph 15 of Schedule 17 (the Ombudsman scheme: power of scheme operator to charge fees) is amended as set out in subsections (4) and (5).

(4) In sub-paragraph (1) after "respondent" insert "or other persons of a specified description".

(5) After sub-paragraph (2) insert -

"(3) The reference in sub-paragraph (1) to persons of a specified description is a reference to such descriptions of persons as may be specified in regulations made by the Treasury.

(4) The power conferred by sub-paragraph (3) to specify descriptions of persons may not be exercised so as to provide for eligible complainants to fall within a specified description of persons.

(5) The reference in sub-paragraph (4) to "eligible complainants" is a reference to complainants who are eligible in relation to

Comparing proposed amendment...