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SUP 20.6 Periodic fees for certificates under article 54 of the Regulated Activities Order

SUP 20.6.1R

A person who holds a certificate under article 54 of the Regulated Activities Order must pay to the FSA each periodic fee specified in Part 2 of SUP 20 Annex 3 R applicable to him.1

SUP 20.6.2R

A person must not make any deductions from the amount required under SUP 20.6.1 R.

SUP 20.6.3R

The periodic fee is payable in respect of each period of one year (or any part of such period) during which the person holds the certificate.

Modifications for new holders

SUP 20.6.4R

If a certificate is issued to a person under article 54 of the Regulated Activities Order during the course of a year, the periodic fee payable under SUP 20.6.3 R for that year is the amount specified in Part 2 of SUP 20 Annex 3 R modified in accordance with Table SUP 20.6.5 R.2

SUP 20.6.5R

Table: Modification of periodic fees for certificates This table belongs to SUP 20.6.4 R.

Quarter in which the certificate is granted or extended

Proportion payable

1 April to 30 June inclusive

100%

1 July to 30 September inclusive

75%

1 October to 31 December inclusive

50%

1 January to 31 March inclusive

25%

Time and method for payment

SUP 20.6.6R

Each periodic fee must be paid to the FSA on or before:

  1. (1)

    30 April in that year; or

  2. (2)

    If the certificate is issued during that year, the earlier of 30 days after the certificate is granted and the following 30 April.

SUP 20.6.7R

The amount due must be paid using one of the payment methods specified in SUP 20.2.7A R.2

SUP 20.6.8G

The FSA will issue invoices to the holders of certificates and expects to do so at least 30 days before the dates on which payments fall due.