Regulation 17 Insertion of regulation 35AI1

After regulation 35 (fee payable for the disclosure by the registrar of secured information) insert—

“Fee payable for the disclosure by the registrar of information to a credit institution or a financial institution

35A.

(1)

On the disclosure of information under regulation 34(3)(c) the credit institution or the financial institution to which the information is disclosed must pay a fee to the registrar for the disclosure of the information.

(2)

The fee payable under paragraph (1) is—

(a)

where the request for information is made by reference to an individual, £5.00 per individual specified in the request; or

(b)

where the request for information is made by reference to a company, £5.00 per company specified in the request.”