content_image/614201.jpg
“expiry date”, in relation to a simple payment licence, means the date specified in the licence as being the last day that the licence is valid.”; 

(b) for paragraphs 19(1) to (3) substitute— 

“(1A) A simple payment licence is to be issued only to a person who is in any of circumstances A to D (see paragraph 20).”; 

(c) in paragraph 20(1)— 

(i) for “questioned under caution” substitute “visited for enforcement purposes”; 

(ii) for “2018” substitute “2020”; 

(d) after paragraph 20(3), insert— 

“(3A) Circumstance D is that the person held a simple payment licence within the period of 12 months ending with the issue date.”; 

(e) in paragraph 20(4), in the definition of “a debt advice charity”, for paragraphs (a) to (g) substitute “a charity registered under the Charities Act 2011( a ) that provides debt counselling or other financial advice to persons in financial difficulty;”; 

(f) in paragraph 21(2) for “the instalments” to the end substitute “sub-paragraphs (2A) to (2D) apply”; 

(g) for paragraphs 21(3) to (8) substitute— 

“(2A) An issue fee is payable on the issue date. 

(2B) Further instalments are payable at fortnightly intervals with the first being payable on the date which is the last day of the period of 2 weeks beginning with the date immediately following the issue date. 

(2C) The number of further instalments is determined by the number of complete fortnights in the period beginning with the date on which the first instalment falls due and ending with the expiry date. 

(2D) The amounts of the issue fee and each further instalment are determined according to the number of further instalments payable, as set out in Table 1. 

<img src='content_image/614201.jpg'>

(2E) Where the person to whom the simple payment licence is issued elects, before or on the issue date, to pay monthly instalments, sub-paragraphs (2F) to (2I) apply. 

