Registered Agents and Trustees Licensing Order, 2000 · s 15

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s 15

(1)

Every licensee to whom a licence is first granted shall on the date of such grant pay to the Authority the issue fee specified in Part I1 of the Second Schedule.

(2)

Every licensee shall on or before 31st January in every year following the year in which the licence was granted pay the annual licence fee specified in Part

I1 of the Second Schedule.

(3)

Every licensee shall pay such periodical fees, levies or administrative charges to the Authority as it may prescribe.

(4)

A licensee who fails to pay the annual licence fee by the date specified in subsection (2) or any periodical fees by any date prescribed shall, in addition thereto, pay a late payment penalty in an amount not exceeding one-sixth of that fee for every month that the annual licence fee remains unpaid.

Notification of changes in particulars of information supplied by applicant.