Home FCA Handbook FEES FEES 12 FEES 12.3 Late payments and recovery of unpaid levies
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FEES 12.3 Late payments and recovery of unpaid levies

Late payments

25/09/2015R

If FOS Ltd does not pay the total amount of the FOS ADR levy before the end of the date on which it is due, it must pay:

  1. (1)

    an administrative fee of £250; and

  2. (2)

    interest on any unpaid part of the levy at an annual rate of 5% above the Official Bank Rate from time to time in force, accruing daily from the date on which the amount concerned became due.

Recovery of levies

25/09/2015G
  1. (1)

    The FCA may recover the FOS ADR levy as a debt owed to the FCA under paragraphs 23(8) of Schedule 1ZA of the Act.

  2. (2)

    The FCA will consider taking action for recovery (including interest) through the civil courts.