Waiver, reduction, postponement or refund of fees before commencement

Current

(1)

This clause applies if, during the relevant period, the regulator waived, reduced, postponed or refunded, in whole or part, a fee payable or paid by a person under this Act or the regulations on the ground the regulator was satisfied it was appropriate because—

(a)

the person was suffering financial hardship, or

(b)

special circumstances existed.

(2)

The waiver, reduction, postponement or refund is taken to have been as valid as if it had happened after the commencement of the amendment Act.

This Act’s bill:Explanatory memorandum Second reading speech

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29 Waiver, reduction, postponement or refund of fees before commencement