Section 53

The OFT may charge fees, of specified amounts, in connection with the exercise by it of specified functions under this Part. Rules may, in particular, provide— for the amount of any fee to be calculated by reference to matters which may include— the turnover of any party to an agreement (determined in such manner as may be specified); the turnover of a person whose conduct the OFT is to consider (determined in that way); for different amounts to be specified in connection with different functions; for the repayment by the OFT of the whole or part of a fee in specified circumstances; that an application or notice is not to be regarded as duly made or given unless the appropriate fee is paid. In this section— “rules” means rules made by the OFT under section 51; and “specified” means specified in rules.

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Source: legislation.gov.uk · retrieved 2026-09-04