Regulation 18 Transfer fees: determination and charging

SEPA must determine the amount of any new manager fee to be included in its charging scheme having regard to the likely cost to SEPA of performing SEPA’s functions under section 15 of the Act.

A notice under section 15(2) of the Act must be accompanied by any new manager fee.

SEPA must not charge a new manager fee in respect of any notice under section 15(2) of the Act which was given to SEPA before 1st October 2015.