(4) Regulations under subsection (1) may only provide for a levy in respect of expenses of a person to be imposed on data holders or third party recipients that appear to the Secretary of State or the Treasury to be capable of being directly affected by the exercise of some or all of the functions conferred on the person by or under regulations made under this Part.
(5) Regulations under subsection (1) providing for a specified public authority to impose a levy must—
(a) make provision about how the rate of the levy is to be determined;
(b) make provision about how the period in respect of which the levy is payable is to be determined;
(c) require the public authority to publish information about the rate, the period and how they are determined.
(6) Regulations under subsection (1) may (among other things) make provision about—
(a) interest on any unpaid amounts payable by way of a levy;
(b) the recovery of such unpaid amounts.
I23 S. 12 in force at Royal Assent for specified purposes, see s. 142(1)(2) (h)
I24 S. 12 in force at 20.8.2025 in so far as not already in force by S.I. 2025/904 , reg. 2(a)
13 Financial assistance U.K.
(1) The Secretary of State or the Treasury may give financial assistance to a person for the purpose of—
(a) meeting expenses incurred, or to be incurred, by the person in performing duties, or exercising powers, imposed or conferred by or under regulations made under this Part, or
(b) exercising other functions in connection with such regulations.
(2) But subsection (1) does not enable financial assistance to be provided to a person listed in subsection (3) or to a person acting on their behalf.
(a) data holders,
(b) customers, or
(c) third party recipients, other than a third party recipient that is a public authority subject to requirements imposed by regulations made in reliance on section 4(4).
(4) The financial assistance may be given on such terms and conditions as the Secretary of State or the Treasury considers appropriate.
(5) In this section, “ financial assistance ” means any kind of financial assistance whether actual or contingent, including a grant, loan, guarantee or indemnity, but does not include buying a company’s share capital.
I25 S. 13 in force at Royal Assent for specified purposes, see s. 142(1)(2) (h)
I26 S. 13 in force at 20.8.2025 in so far as not already in force by S.I. 2025/904 , reg. 2(a)
Financial services sector U.K.
14 The FCA and financial services interfaces U.K.
(1) The Treasury may by regulations make provision enabling or requiring the Financial Conduct Authority (referred to in this Part as “ the FCA ”) to make rules—
(a) requiring financial services providers described in the regulations to use a prescribed interface, comply with prescribed interface standards or participate in prescribed interface arrangements, when providing or receiving customer data or business data which is required to be provided by or to the financial services provider by data regulations;