7(1)On an application for registration, a foreign lawyer shall pay to the Society a contribution to the Compensation Fund (“the initial contribution”) of such amount as the Council may from time to time determine.
(2)On each application for renewal of his registration, a registered foreign lawyer shall pay to the Society—
(a)a contribution of such amount as the Council may from time to time determine (“the annual contribution”); and
(b)where it appears from his application that—
(i)he has, at any time during the period specified in the application, held or received clients' money in connection with a multi-national partnership of which he is, or was, a member; or
(ii)he is, or was at any time during that period, an officer of a recognised body which has, at any time during that period, held or received clients' money,
a further contribution (“the special levy”) of such amount as the Council may from time to time determine.
(3)The Council may make rules providing, in circumstances specified by the rules, for a foreign lawyer—
(a)to pay a reduced initial or annual contribution or special levy; or
(b)not to be required to pay such a contribution or levy.
(4)Any rules under sub-paragraph (3) shall be made with the concurrence of the Master of the Rolls.