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I would like to confirm the purpose of subsection (2)(a), which says that
Does expenditure cover only the funds that have been transferred or other costs that might be incurred as well?
The clause sets out the role and functions of the FSCS in relation to a bank insolvency. It provides that the FSCS can impose a levy, under its powers in part 15 of FSMA, in order to be able to meet the expenditure under part 2 of the Bill. The word expenditure in subsection (2) covers both the areas that the hon. Gentleman asked about. I hope that that clarification is helpful to the Committee.