meet the relevant costs referred to in (2) below; and
enable the PSR to maintain adequate reserves.
The relevant costs in (1)(a) means:
the expenses incurred, or expected to be incurred, by the PSR in connection with the discharge of its functions;
any expenses incurred, or expected to be incurred, by the FCA in connection with the discharge of the PSR's functions by an officer or member of staff of the FCA under arrangements made under paragraph 5 of Schedule 4 of FSBRA.
Status: You are viewing the version of the handbook as on 2015-11-02.