Prudential Regulation Authority Rulebook

24.1

This Chapter applies only to DAS members.

24.2

A firm must pay to the FSCS its share of each:

1. (1) DAS management expenses levy; and
2. (2) DAS compensation costs levy allocated to class J.

24.3

If a firm does not pay the total amount of its share of a DAS levy, before the end of the date on which it is due, it must pay an additional amount as follows:

1. (1) if the DAS levy was not paid in full before the end of the due date, an administrative fee of £250; plus
2. (2) interest on any unpaid part of the DAS levy or administrative fee at the rate of 5% per annum above the Official Bank Rate from time to time in force, accruing on a daily basis from the date on which the amount concerned became due.