Prudential Regulation Authority Rulebook

45.1

This Chapter does not apply to the FSCS.

45.2

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

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.