Related provisions for FEES 9.2.6A
1 - 1 of 1 items.
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.
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
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.