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10.—(1) If a levy for which any person was liable under regulation 2 of the 1997 Regulations immediately before 1st April 2005 has not been paid in full before that date, that person must pay the outstanding amount to the Regulatory Authority which is to collect and recover it on behalf of the Department.
(2) Where a levy for which any person was liable under regulation 5 of those Regulations immediately before that date has not been paid in full before that date, that person must pay the outstanding amount to the Regulatory Authority which is to collect and recover it on behalf of the Pensions Compensation Board.
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