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Schedule 13, Part IV, paragraph 13(1)

FSMA 2000

If the Tribunal considers that a party to any proceedings on a reference has acted vexatiously, frivolously or unreasonably it may order that party to pay to another party to the proceedings the whole or part of the costs or expenses incurred by the other party in connection with the proceedings.

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Source: legislation.gov.uk · retrieved 2026-09-04