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Article 61 Chargeable activities

Original text. Later amendments are not shown.

(1)

In article 60, “chargeable activity” means any of the following—

(a)

registration of a participant;

(b)

maintaining a participant for each year of a phase where it is a participant;

(c)

establishing an account, other than a compliance account;

(d)

maintaining such account for each year of a phase where it is required;

(e)

making a determination under article 31(3).

(2)

The administrator—

(a)

must require the charge for registration as a participant to be paid before it makes the registration;

(b)

in respect of any other charge, may require it to be paid before it carries out the relevant chargeable activity;

(c)

is not required to reimburse a charge paid where—

(i)

the chargeable activity is not completed; or

(ii)

an applicant or participant liable to pay it does not remain within the scheme for all the period in respect of which the charge is payable or has been calculated.