Section 404B(5)
FSMA 2000
Financial Services and Markets Act 2000 · United Kingdom
If, in determining a relevant complaint, the ombudsman determines that the firm should make (or should have made) a payment of an amount to the consumer, the amount awarded by the ombudsman (a “money award”) must not exceed the monetary limit (within the meaning of section 229).
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Source: legislation.gov.uk · retrieved 2026-09-04