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Application provision

45.1 This Chapter does not apply to the FSCS.

45.1

03/07/2015

This Chapter does not apply to the FSCS.

45.2

03/07/2015

A firm must pay to the FSCS its share of each:

  1. (1) DGS management expenses levy; and
  2. (2) DGS compensation costs levy and legacy costs levy allocated to class A.

45.3

03/07/2015

If a firm does not pay the total amount of its share of a DGS levy, before the end of the date on which it is due, it must pay an additional amount as follows:

  1. (1) if the DGS levy was not paid in full before the end of the due date, an administrative fee of £250; and
  2. (2) interest on any unpaid part of the DGS levy or administrative fee at the rate of 5% per annum above the Official Bank Rate from time to time in force, accruing on a daily basis from the date on which the amount concerned became due.