Related provisions for FEES 9.1.7

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FEES 9.1.3GRP
Section 40(1) of FSBRA (The Payment Systems Regulator) requires the FCA to establish the PSR.
FEES 9.1.4GRP
(1) Paragraph 9 of Schedule 4 of FSBRA allows the FCA to make rules requiring participants2 in regulated payment systems to pay the FCA specified amounts or amounts calculated in a specified way to:(a) meet the relevant costs referred to in (2) below; and (b) enable the PSR to maintain adequate reserves.(2) The relevant costs in (1)(a) means:(a) the expenses incurred, or expected to be incurred, by the PSR in connection with the discharge of its functions;(b) the expenses incurred