[137SA Rules to recover expenses relating to the] [Money and Pensions Service]
[137SA Rules to recover expenses relating to the] [Money and Pensions Service]

[(1)     The Secretary of State may, from time to time, notify the FCA of the amount of—

(a)     the expenses incurred, or expected to be incurred, by the Secretary of State under section 11 of the Financial Guidance and Claims Act 2018 (financial assistance from Secretary of State to [Money and Pensions Service]), and

(b)     any other expenses incurred, or expected to be incurred, by the Secretary of State in connection with the operation of the [Money and Pensions Service],

that the Secretary of State considers should be recovered under this section.

(2)     Where the Secretary of State has notified the FCA of an amount of expenses under subsection (1), the FCA must make rules for imposing levies with a view to recovering—

(a)     the amount notified, and

(b)     expenses incurred by the FCA in connection with its functions under this section.