Regulation 52 Adjustment, waiver, reduction or refund of fees

(1)

If after a capital or periodic fee is paid it becomes apparent that—

(a)

a lesser fee should have been paid, the excess shall be refunded to the applicant or, as the case may be, the holder of the authorization, registration, authorisation or licence concerned; or

(b)

a higher fee should have been paid, the balance due shall be payable within a period of 14 days commencing on the date of the written notice issued by the licensing authority to the applicant or, as the case may be, the holder of the authorization, registration, authorisation or licence concerned requiring payment of that balance.

(2)

The licensing authority shall, to the extent provided in Schedule 7 in relation to capital fees or in Schedule 8 in relation to periodic fees—

(a)

adjust, waive payment of or reduce any fee or part of a fee otherwise payable under these Regulations; or

(b)

refund the whole or part of any fee already paid.