Regulation 10 Payment by instalmentsI1

A fee payable under these Regulations may be paid by instalments with the approval of the OfS.

Where the OfS has approved the payment of a fee by instalments, the fee is to be paid by the institution in the amounts and within the periods specified in accordance with regulation 9(2)(b)(ii) in a notice given to it under regulation 9(1).

Where the OfS approves the payment of a fee by instalments in a case where a notice relating to that fee has already been given to an institution under regulation 9(1), the OfS may vary that notice accordingly by notifying the institution.