Section 22: Licence fees
consolidated text (as at 2016, amended since). juris shows the text as it was consolidated; it does not confirm that this is the law in force today.
22. Licence fees
(1) A licensee shall pay to the Commission such annual fees as may be
specified in FSC Rules.
(2) The licensee shall pay such additional charges for late payment of annual fees as may be specified in FSC Rules.
(3) The Commission shall not be bound to accept late payment of annual
fees where the payment is effected after such time as may be specified in
FSC Rules.
(4) Where a licensee fails to pay its annual fees within such time as is
specified in FSC Rules, the Chief Executive may, after giving notice of not
less than 15 days to the licensee, terminate the licence subject to such
terms and conditions as he deems appropriate in the circumstances.