FEES 10.4 1Relieving provisions

The FCA may reduce or remit all or part of the pensions guidance levy applicable to a firm if it appears to the FCA that, in the exceptional circumstances of a particular case, paying all or part of it would be inequitable.

The FCA may refund all or part of the pensions guidance levy applicable to a firm if it appears to the FCA that, in the exceptional circumstances of a particular case, retaining all or part of the pensions guidance levy applicable to that firm would be inequitable.

1. (1)

   A poor estimate or forecast by a levy payer, when providing information relevant to an applicable tariff base, is unlikely to be an exceptional circumstance under FEES 10.4.1 G or FEES 10.4.2 G.

2. (2)

   By contrast, a mistake of fact or law by a levy payer may give rise to such a claim.

The FCA is entitled not to consider a claim under FEES 10.4.1 G or FEES 10.4.2 G to refund any overpaid amounts due to a mistake of fact or law by the fee paying firm if the claim is made more than two years after the beginning of the period to which the pensions guidance levy subject to the claim relates.