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Term Definition Legal instruments

MERS levy

03/07/2015

THIS DEFINITION ONLY APPLIES TO THE MANAGEMENT EXPENSES IN RESPECT OF RELEVANT SCHEMES PART

means a levy imposed by the FSCS on a firm, a dormant account fund operator or, where applicable, the Society, to meet relevant expenses incurred by the FSCS in connection with acting on behalf of the manager of the relevant scheme in accordance with Part 15A of FSMA.