Article 26 Use of registration fees

(1)

If the scheme administrator charges registration fees only for the purposes of meeting any or all of SEPA’s costs, it must pay such amounts of the registration fees that it receives to SEPA for the purposes of meeting SEPA’s costs.

(2)

If the scheme administrator charges registration fees for the purposes of meeting any or all of SEPA’s costs and any or all of its own costs, the scheme administrator—

(a)

must pay such amount of the registration fees that it receives as are necessary to meet SEPA’s costs, and

(b)

if any amount remains, may use that amount to meet the costs of carrying out its functions under, or in connection with, the Deposit and Return Scheme.

(3)

If the scheme administrator charges registration fees only for the purposes of meeting any or all of its own costs, the scheme administrator must use the registration fees that it receives for the purposes of meeting those costs.