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

In article 2 of the principal Order, for paragraph (2), substitute—

“(2)

On or before 6th April 2009 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 £300 by the number of persons who as at the 1st January in that year were authorised to act as insolvency practitioners by virtue of membership of that body.”.