Companies Act 1989

45Fees

(1)An applicant for a recognition order under this Part shall pay such fee in respect of his application as may be prescribed; and no application shall be regarded as duly made unless this subsection is complied with.

(2)Every recognised supervisory or qualifying body shall pay such periodical fees to the Secretary of State as may be prescribed.

(3)In this section “prescribed” means prescribed by regulations made by the Secretary of State, which may make different provision for different cases or classes of case.

(4)Regulations under this section shall be made by statutory instrument which shall be subject to annulment in pursuance of a resolution of either House of Parliament.

(5)Fees received by the Secretary of State by virtue of this Part shall be paid into the Consolidated Fund.