Section 1246 | Levies under FISMA 2000

(1)Sums—

(a)spent by a company with investment business in paying a levy, or

(b)paid by a company with investment business as a result of an award of costs under costs rules,

are treated for the purposes of Chapter 2 as expenses of management.

(2)In this section “costs rules” has the meaning given by section 92(2).

(3)In this section “levy” has the meaning given by section 92(3).