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The Financial Services and Markets Act 2000 (Amendment) (EU Exit) Regulations 2019

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Changes over time for: Section 207

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The Financial Services and Markets Act 2000 (Amendment) (EU Exit) Regulations 2019, Section 207 is up to date with all changes known to be in force on or before 17 May 2024. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations. Help about Changes to Legislation

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Fees: Bank of EnglandU.K.

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207.—(1) The Bank of England may, in connection with the discharge of any of its qualifying functions, require recognised clearing houses, third country central counterparties, recognised CSDs or settlement internalisers to pay fees to the Bank.

(2) The power of the Bank to set fees includes power to set fees for the purpose of meeting expenses incurred by it or the Financial Conduct Authority—

(a)in preparation for the exercise by the Bank of its qualifying functions, or

(b)for the purpose of facilitating the exercise by the Bank of those functions or otherwise in connection with their exercise by it.

(3) It is irrelevant when the expenses were incurred.

(4) Any fee which is owed to the Bank under this regulation may be recovered as a debt due to the Bank.

(5) In this regulation—

“CSD regulation” has the meaning given by section 417 of the Act,

“recognised clearing house”, “recognised CSD” and “third country central counterparty” have the meaning given by section 285 of the Act, and

“settlement internaliser” has the meaning given by Article 2(1)(11) of the CSD regulation.

Commencement Information

I1Reg. 207 in force at 23.3.2019, see reg. 1(2)

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