S.L. 545.25 Art. 10Payment of authorisation fees.

(1) The first authorisation fee shall be paid by the authorised provider within fifteen days upon granting of the 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 according to the Second Schedule and, where applicable, shall be paid to the Regulator together with an application for an authorisation.

(3) If any authorisation fee to be payable under sub-regulation

(2) is not paid within fifteen days, the Regulator shall after the lapse of such time, communicate with the authorised provider whose authorisation fee has not so been 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 provider whose authorisation fee has not so been paid.