C4C3C5Part 5Operating Licences

Annotations:

Maintenance

I1C4C2C3100C4C3Annual fee

C11

The holder of an operating licence—

a

shall pay a first annual fee to the Commission within such period after the issue of the licence as may be prescribed, and

b

shall pay an annual fee to the Commission before each anniversary of the issue of the licence.

2

In this section—

  • annual fee” means a fee of such amount as may be prescribed, and

  • prescribed” means prescribed by the Secretary of State by regulations.

3

Regulations under this section may, in particular, make different provision for—

a

different kinds of operating licence, or

b

different circumstances.

4

Subsection (1)(b) does not apply in relation to an anniversary of the issue of a licence on or immediately before which the licence ceases to have effect by virtue of section 111.