In the first instance IFSO is being financed by a grant from NAFD from the membership fees it collects. This will allow the set-up of IFSO over the first year of operation as it focusses on taking over the compliance work which NAFD has led until now. IFSO and NAFD will be discussing future funding arrangements, including application fees to be charged from any business seeking to come within its assurance programme that isn’t a member of NAFD.