SCHEDULEClaims Management Regulations

Grant of authorisations

7

F11

Regulations may—

a

enable the Regulator to charge—

i

fees in connection with applications for, or the grant of, authorisation;

ii

periodic fees for authorised persons;

b

specify the consequences of failure to pay fees;

c

permit the charging of different fees for different cases or circumstances (which may, in particular, be defined wholly or partly by reference to turnover or other criteria relating to an authorised person's business);

d

permit the waiver, reduction or repayment of fees in specified circumstances;

e

provide for the amount of fees to be prescribed or controlled by the Secretary of State;

f

make provision for the manner in which fees are to be accounted for;

g

make provision for the application of income from fees (which may, in respect of a time when the Secretary of State is exercising functions of the Regulator under section 5(9) or (10), include provision permitting or requiring payment into the Consolidated Fund).

F22

The fees that may be charged by the Regulator by virtue of sub-paragraph (1) include fees in respect of costs incurred by the Regulator for the purposes of meeting any leviable OLC expenditure.