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Payments: supplementary provisions

3.—(1) A payment under article 2(1) may be made—

(a)for such amount as the FCA may determine;

(b)in such manner as the FCA thinks fit;

(c)subject to conditions specified by the FCA being satisfied.

(2) Conditions may, in particular, include—

(a)a condition requiring an application to be made to the FCA;

(b)a condition relating to a person whom the OFT has informed that it is—

(i)minded to revoke

(ii)minded to refuse an application for, or

(iii)suspending,

a licence issued under the 1974 Act.

(3) The FCA may specify different conditions in relation to different descriptions or categories of person.

(4) If the FCA specifies a condition for the purposes of this article, it must publish the condition by the means it considers most likely to bring the condition to the attention of persons to whom the condition applies.

(5) Where the FCA determines that a payment under article 2(1) would be for less than £10.00, it is not obliged to make the payment.