Section 59 | Payments into Consolidated Fund

(1)Subject to subsection (2), money received by the Financial Conduct Authority and the Gambling Commission in the exercise of functions under this Part as appropriate collection authorities is to be paid into the Consolidated Fund.

(2)Before making payment under subsection (1) a deduction may be made for reasonable administrative costs associated with the exercise of such functions.

(3)See further section 44 of CRCA 2005 for payments of money by the HMRC Commissioners into the Consolidated Fund.