24Duration of accreditation

24 Duration of accreditation

(1)  Except as provided by this Part, accreditation is ongoing subject to the payment of the continuity fees, if any, prescribed by the regulations.

(2)  If the holder of an accreditation fails to pay a continuity fee by the day on which it falls due to be paid –

(a) the Commission, by notice, may demand that the holder of the accreditation pay the continuity fee by a specified day; and

(b) the accreditation expires at the end of that specified day if, at that time, the continuity fee remains unpaid.