Regulation 103K

There must be paid to the Comptroller the fee specified in the First Schedule for any licence issued or renewed under regulation 103B.

For any licence issued during any year, the fee is to be calculated at the rate of one‑twelfth of the appropriate annual fee specified in the First Schedule for each month or part of a month for which the licence is valid.

The Comptroller may, in the Comptroller’s discretion, allow a refund of one‑twelfth of the fee specified in the First Schedule for each complete month in respect of which the licence would have remained valid had it not been revoked or withdrawn.