(1) An applicant for a licence, or for the renewal of a licence, shall pay the OFT a charge towards the costs of carrying out its functions under this Act.
(2) The amount of the charge payable by an applicant shall be determined in accordance with provision made by the OFT by general notice.
(3) The provision that may be made by the OFT under subsection (2) includes -
(a) different provision in relation to persons of different descriptions;
(b) provision for no charge at all to be payable by persons of specified descriptions.
(4) The approval of the Secretary of State and the Treasury is required for a general notice under subsection (2).