Related provisions for FEES 12.2.1
1 - 3 of 3 items.
The FOS ADR levy is
calculated as follows:(1) Determine the number of hours, or part of an
hour, taken by the FCA, in performing functions
under the ADR Regulations.(2) Using the table at FEES 3 Annex 9R(11),
determine the relevant pay grades of those employed by the
FCA to perform the functions under the
ADR Regulations.(3) Next, multiply the applicable rate in the table
at FEES 3 Annex 9R(11) by the number of hours or part hours obtained under
(1).(4) Then add any fees and disbursements
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) an administrative fee of £250; and(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.