Related provisions for FEES 9.2.3
1 - 1 of 1 items.
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.
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.