Schedule 17, Part II, paragraph 9

The scheme operator must, before the start of each of its financial years, adopt an annual budget which has been approved by the FCA. The scheme operator may, with the approval of the FCA, vary the budget for a financial year at any time after its adoption. The annual budget must include an indication of— distinguishing between the scheme’s compulsory ... and voluntary jurisdiction. the distribution of resources deployed in the operation of the scheme, and the amounts of income of the scheme operator arising or expected to arise from the operation of the scheme,

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