S.L. 545.22 Art. 11Payment of authorisation fees.

(1) The first authorisation fee shall be paid by the authorised person or the authorised provider within thirty days from the granting of an authorisation and thereafter every year on the anniversary of the grant of such authorisation or any other date as the Regulator may reasonably establish.

(2) The amount of the authorisation fee shall be as specified in the Third Schedule and shall be paid to the Regulator annually.

(3) If any authorisation fee payable under sub-regulation (2) is not paid within thirty days, the Regulator shall after the lapse of such time communicate to the authorised person or the authorised provider as the case may be, whose authorisation fee has not been so paid informing him about his failure to pay such fee.

(4) The Regulator shall be deemed to have complied with sub-regulation (3) if such communication is sent by registered post, to the usual or last known address of the authorised person or the authorised provider whose authorisation fee has not been so paid.