Section 234

For the purpose of funding— the FCA may make rules requiring the payment to it or to the scheme operator, by authorised persons or any class of authorised person , any electronic money issuer within the meaning of the Electronic Money Regulations 2011or any payment service provider within the meaning of the Payment Services Regulations 2017 of specified amounts (or amounts calculated in a specified way). the establishment of the ombudsman scheme (whenever any relevant expense is incurred), and its operation in relation to the compulsory jurisdiction, “Specified” means specified in the rules.

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