PART 4Fees

Determination of fees

15.—(1) The Regulator must, by written instrument, determine—

(a)fees, or a scale of fees, for the making of applications under Part 3; and

(b)annual fees, or a scale of annual fees, for authorisations.

(2) A determination under paragraph (1)(b) may provide for the fee to be calculated by reference to the annual turnover or expected annual turnover of the business of the applicant or authorised person concerned.

(3) A determination under paragraph (1)

(a)may make provision that applies generally, or only in specified cases or circumstances;

(b)may make different provision for different cases or circumstances;

(c)may include transitional, incidental or consequential provisions; and

(d)may provide for a fee of zero amount in specified circumstances.

(4) Before making such a determination, the Regulator must consult such persons as appear to him to represent the views of persons engaged in the provision of regulated claims management services, and such other organisations, as he considers appropriate.

(5) A determination under paragraph (1) (except a determination by the Secretary of State while exercising functions of the Regulator) has no effect unless a draft of it has been approved in writing by the Secretary of State.