Section 33
of Securities Markets Order, 2013
Section 33
(1)
The Authority may make regulations providing for the payment to it of such fees, in connection with the discharge of any of its functions under or as a result of this Order as it considers will (taking account of its expected income from fees and charges provided for by any other provision of this Order) enable it-
(a)
to meet expenses incurred in carrying out its functions or for any incidental purposes;
(b)
to repay the principal of, and pay any interest on, any money which it has borrowed and which has been used for the purpose of meeting expenses incurred in relation to its functions under this Order; or
(c)
to maintain adequate reserves.
(2)
In fixing the amount of any fee which is to be payable to the Authority, no account is to be taken of any sums which the Authority receives, or expects to receive, by way of penalties imposed by it under this Order.
(3)
Any fee that is owed to the Authority under .this Order may be recovered as a debt due to the Authority.
Exemption from liability.