§ 120 — Regulations for this Division

120.—(1) Regulations may be made under section 135 for the purposes of this Division.(2) Without limiting subsection (1), regulations may be made in relation to the imposition and recovery of a levy and late payment fee under section 113, 114, 115 or 116, and in particular in relation to one or more of the following:(a)

the levy payers on and from whom the trustee of the resolution fund may impose and recover the levy;

(b)

the classification of the levy payers mentioned in paragraph (a) for the purpose of imposing different amounts of the levy;

(c)

the manner in which the amount of the levy for each class of levy payers is to be determined;

(d)

the amount of the late payment fee;

(e)

the manner and date of payment of the levy and late payment fee;

(f)

a duty of a financial institution under resolution, a levy payer, a market infrastructure or a payment system operator to provide such information as the Authority or trustee may reasonably require for the purposes of computing the levy or late payment fee or preparing a notice under section 113;

(g)

such other matters as the Minister considers necessary for the computation, imposition and recovery of the levy or late payment fees.

—(1) Regulations may be made under section 135 for the purposes of this Division.

(2) Without limiting subsection (1), regulations may be made in relation to the imposition and recovery of a levy and late payment fee under section 113, 114, 115 or 116, and in particular in relation to one or more of the following:(a)

the levy payers on and from whom the trustee of the resolution fund may impose and recover the levy;

(b)

the classification of the levy payers mentioned in paragraph (a) for the purpose of imposing different amounts of the levy;

(c)

the manner in which the amount of the levy for each class of levy payers is to be determined;

(d)

the amount of the late payment fee;

(e)

the manner and date of payment of the levy and late payment fee;

(f)

a duty of a financial institution under resolution, a levy payer, a market infrastructure or a payment system operator to provide such information as the Authority or trustee may reasonably require for the purposes of computing the levy or late payment fee or preparing a notice under section 113;

(g)

such other matters as the Minister considers necessary for the computation, imposition and recovery of the levy or late payment fees.