Updated 18/10/2024
In force

Version from: 21/03/2024
Amendments (1)
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Article 12 - New supervised institutions or change of status

Article 12

New supervised institutions or change of status

1.  
Where an institution is a newly supervised institution for only part of a contribution period, the partial contribution shall be determined by applying the methodology set out in this Section to the amount of its annual contribution calculated during the subsequent contribution period by reference to the number of full months of the contribution period for which the institution is supervised.
2.  
A change of status of an institution, including a small institution, during the contribution period shall not have an effect on the annual contribution to be paid in that particular year.