PaymentsU.K.
8(1)The regulations may provide that a participant who does not have or acquire enough allowances or credits to match or offset the participant's activities in a trading period must pay an amount specified in or determined in accordance with the regulations within the period so specified.U.K.
(2)The regulations may require the payment to be made to—
(a)the administrator, or
(b)such other person as the regulations may specify.
(3)The provision that may be made about the amount of the payment includes, in particular, provision—
(a)for the amount to be determined by the administrator or a national authority;
(b)in a case where the payment is not made within the period specified in the regulations, for the amount to increase at the rate so specified until payment;
(c)for the amount of the payment, or of any amount by reference to which it is to be calculated, to be adjusted from time to time by reference to inflation or some other factor.
(4)Provision within sub-paragraph (3)(c) may refer, in particular, to an index or data specified in the regulations (including as modified from time to time after the regulations come into force).
(5)If the regulations provide for payments to be made to a person other than a national authority, they must provide for that person to pay the sums received to the national authority or authorities specified in or determined in accordance with the regulations.