Regulation 23 Fees

In this regulation, “the relevant fee” in relation to any application means the fee specified opposite the application in question in Part III of Schedule 3, and it shall be payable by a person who applies to the enforcement authority under regulation 18 or 20 to be approved as an intermediary who may exercise an intermediary activity.

Any relevant fee shall be paid at the time the application is submitted to the enforcement authority.

Any unpaid sum due by way of a relevant fee, or any part of such fee, shall be recoverable as a debt.

The enforcement authority need not process any application under regulation 18 or 20, unless the application is accompanied by the relevant fee.