S.L. 645.2 Art. 5Payment of the annual supervisory fee.

(1) The first annual supervisory fee due in accordance with regulation 4(2) shall be paid to the competent authority on the date on which the applicant is granted authorisation to act as a credit servicer in accordance with the Act.

(2) Every annual supervisory fee following the first annual supervisory fee which is due in accordance with regulation 4(1) shall be paid to the competent authority annually on the 1st September of each year. (FEES)