Powers exercised by the Financial Ombudsman Service
A. The Financial Ombudsman Service Limited makes and amends the scheme rules relating to the payment of fees under the Compulsory Jurisdiction, and fixes and varies the standard terms for Voluntary Jurisdiction participants relating to the payment of fees under the Voluntary Jurisdiction in Part 2 of the Annex to this instrument in the exercise of the following powers and related provisions in the Financial Services and Markets Act 2000 (“the Act”):
(1) paragraph 14 (The scheme’s operator’s rules) of Schedule 17;
(2) paragraph 15 (Fees) of Schedule 17; and
(3) paragraph 18 (Terms of reference to the scheme) of Schedule 17.
B. The making (and amendment) of scheme rules and the fixing and variation of standard terms by the Financial Ombudsman Service Limited is subject to the consent and approval of the Financial Conduct Authority.
Powers exercised by the Financial Conduct Authority
C. The Financial Conduct Authority makes Par
…