122FBLevy on participating exchanges

##### 122FB Levy on participating exchanges (1) Where the amount in the Fund is less than the minimum amount, the Corporation may, whether or not it also imposes a levy under section 122EB, impose a levy: (a) unless paragraph (b) applies—on the Exchange; or (b) if there are 2 or more participating exchanges that are securities exchanges—on one, or on each of 2 or more, of those participating exchanges. (2) A levy imposed under this section on a participating exchange shall be of an amount, and shall be paid within the period, and in the manner, determined in writing by the Corporation for the purposes of the levy. (3) Where a levy is imposed under this section, the Corporation shall give to each participating exchange a notice setting out the name of the participating exchange on which the levy is imposed and the amount of the levy. (4) For the purposes of paying the whole or a part of a levy imposed under this section, a participating exchange may borrow money on such terms as the committee of the participating exchange thinks fit. (5) An amount of levy paid to the Corporation under this section shall be paid into the Fund.