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2.—(1) The following fees are prescribed and shall be payable to the regulator—
(a)in respect of an application for an allocation from the new entrant reserve under regulation 22(1), £1030.
(b)in respect of a retention notice or a notice under regulation 24(7)(b), £115 multiplied by the number of hours specified in the notice in accordance with regulation 24(8).
(2) A fee prescribed under sub-paragraph (1)(b) shall be payable by the date specified in the notice to which it relates.
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