DISP 5.9 Joining the Financial Ombudsman Service
A firm which becomes subject to the Financial Ombudsman Service part way through a financial year must pay a rateable proportion of the general levy and the supplementary levy as indicated in Table DISP 5.9.2 R.
Table DISP 5.9.2
Quarter in which the firm becomes subject to the Financial Ombudsmen Service |
Proportion payable |
1 April to 30 June inclusive |
100% |
1 July to 30 September inclusive |
75% |
1 October to 31 December inclusive |
50% |
1 January to 31 March inclusive |
25% |