Section 136(7)

The FCA must make provision for any sum repaid to it under subsection (6)(a)— to be distributed among— the authorised persons on whom a levy was imposed in the period in question as a result of rules made under subsection (2); or such of those persons as it may determine; to be applied in order to reduce any amounts which those persons, or such of them as it may determine, are or will be liable to pay to the FCA, whether under rules made under subsection (2) or otherwise; or to be partly so distributed and partly so applied.

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