26 Power to charge fees.U.K.
(1)Schedule 6 (banking supervision fees) shall have effect.
(2)In section 43 of the M1Financial Services Act 1986, after subsection (2) there is inserted—
“(2A)Without prejudice to the generality of the Authority’s power to impose conditions for admission to the list, the conditions for admission may include—
(a)a condition having the effect of requiring the payment of an application fee, and
(b)a condition having the effect of requiring the payment of periodic fees.
(2B)A condition of the kind referred to in subsection (2A)(a) or (b) above—
(a)may provide for the amount payable to be such as is specified in, or determined under, the condition, and
(b)may make different provision for different cases.”
(3)In section 171 of the Companies Act 1989, after subsection (3) there is inserted—
“(3A)Without prejudice to the generality of the Authority’s power to impose conditions for admission to the list, the conditions for admission may include—
(a)a condition having the effect of requiring the payment of an application fee, and
(b)a condition having the effect of requiring the payment of periodic fees.
(3B)A condition of the kind referred to in subsection (3A)(a) or (b)—
(a)may provide for the amount payable to be such as is specified in, or determined under, the condition, and
(b)may make different provision for different cases.”
Marginal Citations