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  1. Point in time
    2005-08-01

PROF 6.2 Obligation to pay periodic fees

General

PROF 6.2.1R

A designated professional body must pay to the FSA, in full and without deduction, each periodic fee (or instalment) applicable to it under PROF 6 Annex 1 R for a period during which or part of which the designated professional body is designated.

Amount

PROF 6.2.2R

The amount of the periodic fee (or an instalment) referred to in PROF 6.2.1 R for a designated professional body is specified in PROF 6 Annex 1 R for the relevant year against the name or description of that body.

Due date

PROF 6.2.3R

The designated professional body must pay a periodic fee (or any instalment) on or before the due date for payment specified in PROF 6 Annex 1 R for the relevant year against the name or description of that body.

Payment methods

PROF 6.2.4G

The FSA does not specify a method of payment for designated professional bodies. However the FSA expects that a designated professional body will generally pay its fee by electronic credit transfer.