5.—(1) The fraud compensation levy shall be payable on the first day of a financial year (“payable date”).
(2) If the amount of any fraud compensation levy payable is not notified under Article 171(7)(c) (fraud compensation levy: notice of amount of levy) to the trustees or managers of a scheme before the payable date, the levy is payable within the period of 28 days beginning with the date on which the notification is given.