(1) The FCA will raise
the FOS ADR levy annually in arrears. (2) The FCA will invoice
FOS Ltd in April for the FOS ADR
levy relating to the previous fee
year.(3) FOS Ltd must pay the
FOS ADR levy within 30 days of the date of the
invoice.
The
FCA may reduce or remit all or part of the
FOS ADR levy applicable to FOS
Ltd if it appears to the FCA that in
the exceptional circumstances of a particular case paying all or part of
it would be inequitable.
The
FCA may refund all or part of the FOS
ADR levy applicable to FOS Ltd if it
appears to the FCA that in the exceptional
circumstances of a particular case retaining all or part of the
FOS ADR levy applicable to FOS
Ltd would be inequitable.
(1) The FCA may recover
the FOS ADR levy as a debt owed to the
FCA under paragraphs 23(8) of Schedule 1ZA of the
Act.(2) The FCA will consider
taking action for recovery (including interest) through the civil
courts.