(a) persons falling within section 14(3)(b) or (c);
(b) financial services providers.
(8) Those activities are performing or exercising—
(a) duties or powers imposed or conferred on the interface body or person listed in subsection (7) by FCA interface rules, and
(b) other duties or powers imposed or conferred on that body or person by or under regulations made under this Part.
(9) Regulations made in reliance on subsection (6)—
(a) may enable rules to provide for the amount of a fee to be an amount which is intended to exceed the cost of the things in connection with which the fee is charged (and for the total amount of fees payable in connection with things to exceed the total cost);
(b) may require or enable rules to make provision about the amount, or maximum amount, of a fee, including provision about how a fee is to be determined;
(c) may require or enable rules to make provision about the amount, or maximum amount, by which the amount, or maximum amount, of a fee must or may increase and the times at which it must or may increase;
(d) must require rules, where relevant, to require a person who determines an amount referred to in paragraph (b) or (c) to publish information about the amount and how it is determined;
(e) may require or enable rules to make provision about what must or may be done with amounts paid as fees;
(f) may require or enable rules to make provision about—
(i) interest on any unpaid amounts;
(ii) the recovery of unpaid amounts.
(10) Regulations under section 14 may enable FCA interface rules to make provision about whether an interface body or a person listed in subsection (7), or a person acting on behalf of such a body or person, who could require payment in connection with an activity described in subsection (8) otherwise than in reliance on FCA interface rules may do so.
(11) Examples of requiring payment otherwise than in reliance on FCA interface rules include doing so in reliance on other legislation or a contract or other arrangement (whenever entered into).
(12) Regulations under section 14 may provide that powers to make FCA interface rules include powers to do things described in section 21(1)(a) to (h) (supplementary powers) (ignoring the restriction in relation to fees in section 21(3)).
(13) In this section, “financial services provider” and “ interface-related ” have the meaning given in section 14.
(14) The reference in subsection (5)(c) to making redress includes—
(a) paying interest, and
(b) providing redress in the form of a remedy or relief which could not be awarded in legal proceedings.
I29 S. 15 in force at Royal Assent for specified purposes, see s. 142(1)(2) (h)
I30 S. 15 in force at 20.8.2025 in so far as not already in force by S.I. 2025/904 , reg. 2(a)
16 The FCA and financial services interfaces: penalties and levies U.K.
(1) Subsections (2) and (3) are about the provision that regulations made by the Treasury under this Part providing for the FCA to enforce requirements under FCA interface rules may (among other things) contain in relation to financial penalties.
(2) The regulations may require or enable the FCA—