Applications for Licences and Fitness to Hold a Licence Etc. Section 27: Charge on applicants for licences etc.
58.Section 27 inserts a new section 6A after section 6 of the 1974 Act. Section 6A requires applicants for licences (or for licence renewal) to pay to OFT such charge as OFT specifies by general notice towards OFT’s costs of carrying out its functions under the 1974 Act. OFT may specify different charges for different classes of persons, including no charges. OFT must obtain the approval of the Secretary of State and HM Treasury before specifying a charge. The section also amends section 189 of the 1974 Act (definitions) to clarify that the definition of “costs” means “expenses” in Scotland (which is the name given to the costs involved in legal proceedings in that jurisdiction).