3.—(1) The amount that each leviable body must pay to the Board in respect of the levy imposed in respect of any 12 month period is to be determined by adding together the amounts determined for that body under rules 4 and 5 (subject to paragraphs (2) and (3)).
(2) Where a body becomes a leviable body in the course of any 12 month period (“the initial period”)—
(a)no amount is payable by the leviable body under paragraph (1) in respect of the initial period; and
(b)the amount that the leviable body must pay to the Board in respect of each subsequent 12 month period is the amount determined for that body under rule 4 only; but
(c)if the leviable body is the subject of a determination under rule 4(3) or 5(3) in respect of any 12 month period, the amount that the body must pay to the Board under paragraph (1) is—
(i)where the determination is in respect of the initial period, any amount determined for that body under rule 4(4)(a) or 5(4)(a) (or the aggregate of such amounts); and
(ii)where the determination is made in respect of any subsequent 12 month period, the amount determined for that body under rule 4, together with the amount (if any) determined for that body under rule 5(4)(a).
(3) The amount that a body would otherwise be required to pay under paragraph (1) is to be proportionately reduced where—
(a)before the end of any 12 month period, the body ceases to be a leviable body because its designation as an approved regulator is cancelled by an order under section 45 (cancellation of designation as approved regulator) of the 2007 Act; and
(b)the order is made in relation to all the reserved legal activities in relation to which the body was an approved regulator.
(4) The Board must notify each leviable body of the imposition of the levy, stating—
(a)the amount determined for that body; and
(b)the deadline for payment determined in accordance with rule 7.
(5) The leviable body must pay to the Board the amount stated in the notice.