Paragraph 5 Outgoing mutual recognition application

As regards the fee payable under regulation 16 in connection with an application—

(a)

to which paragraph 34(2) of Part 3 of Schedule 2 applies—

(i)

25% of that fee shall be payable at the time when, in connection with the application or set of applications for regulatory assistance, a request is made pursuant to the second sub-paragraph of Article 28(1) of the 2001 Directive for an assessment report to be prepared or updated; and

(ii)

75% of that fee shall become payable within 30 days following written notice from the licensing authority that the regulatory assistance is at an end;

(b)

to which paragraph 34(3), (4) or (5), of Part 3 of Schedule 2 applies—

(i)

50% of that fee shall be payable at the time when, in connection with the application or set of applications for regulatory assistance, a request is made pursuant to the second sub-paragraph of Article 28(1) of the 2001 Directive for an assessment report to be prepared or updated, and

(ii)

50% of that fee shall become payable within 30 days following written notice from the licensing authority that the regulatory assistance is at an end,

if the applicant so requests in writing.