Clause 13

Every exempt financial adviser and representative of an exempt financial adviser shall pay to the Authority such annual fee as may be prescribed and in such manner as may be specified by the Authority.(2) Any annual fee paid by an exempt financial adviser or a representative of an exempt financial adviser to the Authority under subsection (1) shall not be refunded or remitted if —

during the period to which the annual fee relates, the exemption of the exempt financial adviser or representative, as the case may be, is withdrawn;

during the period to which the annual fee relates, the exempt financial adviser or representative, as the case may be, fails or ceases to provide any financial advisory service; or

a prohibition order has been made against the exempt financial adviser or representative, as the case may be, under section 59.(3) Subject to subsection (2), the Authority may, where it considers appropriate, refund or remit the whole or part of any annual fee paid or payable to it.”.