Related provisions for FEES 9.2.3

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To access the FCA Handbook Archive choose a date between 1 January 2001 and 31 December 2004 (From field only).

FEES 9.2.2RRP
If an operator of a regulated payment system's fee for the previous fee year was at least £50,000, that operator must pay:(1) an amount equal to 50% of the PSR fee payable for the previous fee year, by 30 April in the current fee year; and(2) the balance of the PSR fee due by 1 September in the current fee year.
FEES 9.2.5GRP
The FCA will not relieve or refund a PSR fee if a payment system ceases to be a regulated payment system after the start of that fee year.
FEES 9.2.6RRP
If a payment system ceases to be a regulated payment system, the operator of that system must pay any outstanding PSR fees before it ceases to hold that status
FEES 9.2.7RRP
If an operator of a regulated payment system does not pay the total amount of its PSR fees before the end of the date on which it is due it must pay:(1) an administrative fee of £250; plus(2) interest on any unpaid part of the fee 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.
FEES 9.2.10GRP
The FCA will not consider a claim to refund a PSR fee due to a mistake of fact or law by the fee paying operator of a regulated payment system if the claim is made more than two years after the beginning of the fee year to which the fee relates.
FEES 9.2.11RRP
PSR fees payable are stated net of VAT. Where VAT is applicable this must also be included.