PART 4SUPERVISION AND REGISTRATION
Financial provisions
Costs of supervision35
1
The Authority F2... and the Commissioners may impose charges—
a
on applicants for registration;
b
on relevant persons supervised by them.
2
Charges levied under paragraph (1) must not exceed such amount as the AuthorityF2... or the Commissioners (as the case may be) consider will enable them to meet any expenses reasonably incurred by them in carrying out their functions under these Regulations or for any incidental purpose.
3
Without prejudice to the generality of paragraph (2), a charge may be levied in respect of each of the premises at which a person carries on (or proposes to carry on) business.
F14
The Authority must pay to the Treasury any amounts received by the Financial Services Authority during the financial year beginning with 1st April 2012 year by way of penalties imposed under regulation 42 after deducting any amounts the Financial Services Authority has, prior to 1st April 2013, applied towards expenses incurred by it in carrying out its functions under these Regulations or for any incidental purpose.
F14A
The Authority must in respect of the financial year beginning with 1st April 2013 and each subsequent financial year pay to the Treasury any amounts received by it during the year by way of penalties imposed under regulation 42.
F14B
The Treasury may give directions to the Authority as to how the Authority is to comply with its duties under paragraphs (4) and (4A).
F14C
The directions may in particular—
a
specify the time when any payment is required to be made to the Treasury, and
b
require the Authority to provide the Treasury at specified times with information relating to penalties that the Authority has imposed under regulation 42.
F14D
The Treasury must pay into the Consolidated Fund any sums received by them under this regulation.