7.—(1) The amount of the general levy payable for a financial year by virtue of regulation 3(2) in respect of a scheme with the number of members on the reference day that is specified [F1for that financial year in column (1) of the appropriate table in Part 2 of the Schedule] is—
(a)the amount specified for such a scheme in column 2 of the table (where M is the number of the scheme's members on the reference day); or
(b)if no amount is so specified or an amount which is greater is specified for such a scheme in column 3 of the table, the amount specified for such a scheme in column 3.
F2(2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Textual Amendments
F1Words in reg. 7(1) substituted (1.4.2021) by The Occupational and Personal Pension Schemes (General Levy) (Amendment) Regulations 2021 (S.I. 2021/214), regs. 1(1), 2(3)(a)
F2Reg. 7(2) omitted (1.4.2021) by virtue of The Occupational and Personal Pension Schemes (General Levy) (Amendment) Regulations 2021 (S.I. 2021/214), regs. 1(1), 2(3)(b)