(1) Any relevant authorised person who has not paid the final Insurance Companies Act fee must, by or on his final day, pay to the Authority his relevant pre-commencement fee.

(2) By 26th April 2002 -

(a) the Authority must inform the Treasury of the amount which it has received pursuant to paragraph (1) ("X"); and

(b) the Treasury must inform the Authority of the amount which they received before commencement as fees under the 2001 Fees Order ("Y").

(3) On or before 31st December 2002 -

(a) if two-thirds of X exceeds one third of Y, the Authority must pay the difference to the Treasury;

(b) if one third of Y exceeds two thirds of X, the Treasury must pay the difference to the Authority.

(4) Any sum received by the Treasury under paragraph (3) must be paid into the Consolidated Fund.

(5) In this article -

"the 2001 Fees Order" means the Insurance (Fees) Order 2001 [S.I. 2001/812; made under section 94A of the 1982 Act.];