Annual licence fee and statement
35 Annual licence fee and statement
A licensee must pay to the Authority the prescribed annual licence fee on the anniversary of the day on which the licensee was last granted a licence under this Act.
An annual licence fee may be paid at any time in the 6 weeks before it falls due.
The payment must be accompanied by a statement in respect of the year up to the day that the payment is made that is in a form approved by the Authority.
The annual statement must—
contain any information required by the Authority; and
be accompanied by—
evidence that the licensee will be covered by the required professional indemnity insurance for the next 12 months; and
any other documents required by the Authority.
This Act’s bill:Explanatory memorandumSecond reading speech
The statute text is free to read above. View subscription options to unlock the case-law research tools for each provision.