(1)The regulator may make initial registration conditional upon payment of a fee.
(2)The regulator may make continued registration conditional upon payment of an annual fee.
(3)The regulator shall—
(a)prescribe the amount of a fee, and
(b)make provision about the periods during which and in respect of which annual fees are payable.
(4)The regulator may set different fees, and make different provision, for different cases or circumstances.
(5)Fees must be set in accordance with principles which the regulator prepares and publishes and which are designed to ensure that so far as is reasonably practicable—
(a)fee income matches expenditure on the performance of functions,
(b)each fee is reasonable and proportionate to the costs to which it relates, and
(c)actual or potential registered providers can see the relationship between the amount of a fee and the costs to which it relates.
(6)The principles—
(a)shall provide for section 95(3) to be disregarded for the purpose of subsection (5)(a), and
(b)may provide for specified expenditure or potential expenditure under section 95 or otherwise to be disregarded for the purpose of subsection (5)(a).
(7)Principles do not have effect until approved by the Secretary of State.
(8)In preparing (or revising) the principles the regulator shall consult persons appearing to the regulator to represent the interests of fee-payers.
(9)The regulator’s accounts shall show—
(a)fees received, and
(b)fees outstanding.