OpenLegislation

Regulation 5 Amount of the fee payable under regulation 4 and when it is payable

Original text. Later amendments are not shown.

(1)

The amount of the fee payable under regulation 4 is £28,463.

(2)

Within a reasonable period after making a decision to undertake an assessment, the OfS must notify the governing body of an institution of the fee payable by the governing body under regulation 4.

(3)

The fee must be paid by the governing body—

(a)

within the period specified in accordance with regulation 11(1)(d) in the notice given to it under paragraph (2), or

(b)

where the OfS has approved the payment of the fee by instalments, in the amounts and within the periods specified in accordance with regulation 11(1)(d) in the notice given to it under paragraph (2).