Related provisions for FEES 9.1.1

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FEES 9.2.1RRP
1An operator of a regulated payment system must pay the applicable PSR fee in FEES 9 Annex 1 R:(1) in full and without deduction; and(2) in accordance with this chapter.
FEES 9.2.2RRP
If an operator of a regulated payment system's fee for the previous fee year was at least £50,000, that operator must pay:(1) an amount equal to 50% of the PSR fee payable for the previous fee year, by 30 April in the current fee year; and(2) the balance of the PSR fee due by 1 September in the current fee year.
FEES 9.2.3RRP
If an operator of a regulated payment system's fee for the previous fee year was less than £50,000, the operator of that regulated payment system must pay its PSR fee in full:(1) by 1 August in the current fee year; or(2) if later, within 30 days of the date of the invoice in the current fee year.[Note: Transitional provisions apply to both FEES 9.2.2 R and FEES 9.2.3 R: see FEES TP 12.]
FEES 9.2.5GRP
The FCA will not relieve or refund a PSR fee if a payment system ceases to be a regulated payment system after the start of that fee year.
FEES 9.2.6RRP
If a payment system ceases to be a regulated payment system, the operator of that system must pay any outstanding PSR fees before it ceases to hold that status
FEES 9.2.7RRP
If an operator of a regulated payment system does not pay the total amount of its PSR fees before the end of the date on which it is due it must pay:(1) an administrative fee of £250; plus(2) interest on any unpaid part of the fee at an annual rate of 5% above the Official Bank Rate from time to time in force, accruing daily from the date on which the amount concerned became due.
FEES 9.2.10GRP
The FCA will not consider a claim to refund a PSR fee due to a mistake of fact or law by the fee paying operator of a regulated payment system if the claim is made more than two years after the beginning of the fee year to which the fee relates.
FEES 9.2.11RRP
PSR fees payable are stated net of VAT. Where VAT is applicable this must also be included.
FEES 9.1.2GRP
This chapter sets out the fee payable by an operator of a regulated payment system to establish and fund the PSR.
FEES 9.1.4GRP
(1) Paragraph 9 of Schedule 4 of FSBRA allows the FCA to make rules requiring participants in regulated payment systems to pay the FCA specified amounts or amounts calculated in a specified way to:(a) meet the relevant costs referred to in (2) below; and (b) enable the PSR to maintain adequate reserves.(2) The relevant costs in (1)(a) means:(a) the expenses incurred, or expected to be incurred, by the PSR in connection with the discharge of its functions;(b) the expenses incurred