Regulation 17 Insertion of regulation 35A

After regulation 35 (fee payable for the disclosure by the registrar of secured information) insert -

"35A. Fee payable for the disclosure by the registrar of information to a credit institution or a financial institution

(1) On the disclosure of information under regulation 34(3)(c) the credit institution or the financial institution to which the information is disclosed must pay a fee to the registrar for the disclosure of the information.

(2) The fee payable under paragraph (1) is -

(a) where the request for information is made by reference to an individual, £5.00 per individual specified in the request; or

(b) where the request for information is made by reference to a company, £5.00 per company specified in the request."