Related provisions for FEES 9.1.2

1 - 2 of 2 items.

Search Term(s)

Filter by Topics

Filter by Modules

Filter by Documents

Filter by Keywords

Effective Period

Similar To

To access the FCA Handbook Archive choose a date between 1 January 2001 and 31 December 2004 (From field only).

FEES 9.2.1RRP
A direct payment service provider, acquirer or card issuer2 must pay the PSR fees applicable to it and calculated as set out2 in FEES 9 Annex 1 R:1(1) in full and without deduction; and(2) in accordance with this chapter, subject to FEES 9.2.1AR2.
FEES 9.2.2RRP
If the PSR fee paid by a direct payment service provider2 for the previous fee year for a particular regulated payment system2 was at least £20,0002, that direct payment service provider2 must pay to the operator of that particular regulated payment system3: (1) an amount equal to 50% of the PSR fee payable for the previous fee year, by 152 March at the end of the previous3fee year; and(2) the balance of the PSR fee due by 15 August2 in the current fee year.
FEES 9.2.3RRP
If the PSR fee paid by a direct payment service provider for a particular regulated payment system2 for the previous fee year was less than £20,0002, the direct payment service provider2 must pay its PSR fee in full to the operator of that regulated payment system3: (1) by 152 August in the current fee year; or(2) if later, within 30 days of the date of the invoice2.2
FEES 9.2.4DRRP
(1) 2The operator of a regulated payment system must provide to the PSR, for each of its direct payment service providers, a copy of:(a) its calculations (as specified in column 3 of Table A of FEES 9 Annex 1R); and (b) the underlying data (as specified in column 5 of Table A of FEES 9 Annex 1 R).(2) The operator of a regulated payment system must:3(a) provide the information in (1) to the PSR as soon as possible once FEES 9 Annex 1R is updated for a fee year; and3(b) obtain
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, or if a person ceases to be a direct payment service provider of a regulated payment system,2regulated payment system after the start of that fee year.
FEES 9.2.6RRP
If a payment system ceases to be a regulated payment system, all direct payment service providers2 of that system must pay any outstanding PSR fees before the system2 ceases to hold that status
FEES 9.2.6ARRP
2If a person ceases to be a direct payment service provider of a regulated payment system, it must pay any outstanding PSR fees in respect of that system, before it ceases to be a direct payment system provider of the system.
FEES 9.2.7RRP
If a direct payment service provider2 does not pay the total amount of its PSR fees before the end of the date on which it is due, it must pay to the FCA2: (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 direct payment service provider2 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 9.1.4GRP
(1) Paragraph 9 of Schedule 4 of FSBRA and the 2015 Interchange Regulations applying FSBRA in a modified form allow3 the FCA to make rules requiring participants2 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.(1A) The specified amount or amounts calculated in a specific way in (1) are PSR fees which are levied for