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3.—(1) An annual fee is payable in respect of each product notified under regulation 31(1) of the 2016 Regulations.
(2) The amount of the annual fee payable is £60.
(3) The annual fee is payable each year on 1st April.
(4) The annual fee is first payable on the first occurring 1st April after the day the product is notified to the Secretary of State.
(5) The fee is payable by the person who submitted the notification and is payable to the Secretary of State.
(6) The annual fee ceases to be payable if the Secretary of State is notified under regulation 31(7) of the 2016 Regulations that the product has been withdrawn from the market; but any annual fee payable prior to the day the Secretary of State is notified remains payable.
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