Article 3 Amendment to the Insolvency Practitioners and Insolvency Services Account (Fees) Order 2003

Subject to article 4, in article 2 of the principal Order, for paragraphs (2), (2A) and (2B), there is substituted the following—

“(2)

On or before 6th April 2008 and on or before 6th April in each subsequent year, there shall be paid to the Secretary of State by each body recognised pursuant to section 391 in respect of the maintenance of that body’s recognition pursuant to that section, a fee calculated by multiplying £207 by the number of persons who as at the preceding 1st January in that year were authorised to act as insolvency practitioners by virtue of membership of that body.”.