OpenLegislation

Regulation 10 Amendment of Schedule 5 to the principal Regulations

Original text. Later amendments are not shown.

In paragraph 2 of Schedule 5 to the principal Regulations (waiver, reduction or refund of capital fees)—

(a)

in sub-paragraph (1), for “sub-paragraph (2),” there shall be substituted “sub-paragraphs (1A) and (2) below,”;

(b)

after sub-paragraph (1) the following sub-paragraph shall be inserted—

“(1A)

Where paragraph (1)(a) applies and the fee otherwise payable under regulation 4(a), 7(a) or 10 exceeds £15,000, the amount of the refund or the amount waived shall be the difference between that fee and £1,500, rather than 90% of that fee.”.