Schedule 11, Part 5, paragraph 111(2)
FSMA 2023
Financial Services and Markets Act 2023 · United Kingdom
In sub-paragraph (1)— “public funds” means the Consolidated Fund and any other account or source of money which cannot be drawn or spent other than by, or with the authority of, the Treasury, and action has implications for public funds if it would or might involve or lead to a need for the application of public funds.
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Source: legislation.gov.uk · retrieved 2026-09-04