Explanatory note

These Regulations are made under section 45 of the Companies Act 1989 and prescribe the fees payable by a recognised supervisory body. A fee of £440 is payable for the period from 16th August 1993 to 30th September 1993. Thereafter, a recognised supervisory body is to pay a periodical fee of £3,500 each year. For a body that becomes a recognised supervisory body after the commencement of these Regulations a pro rata fee is payable for the period from the date of its recognition to the following 30th September (inclusive).

A recognised supervisory body is a body recognised by the Secretary of State for the purposes of Part II of the Companies Act 1989 (eligibility for appointment as company auditor).