(1) A licensee must pay to the Authority the prescribed annual licence fee on the anniversary of the day on which the licensee was last granted a licence under this Act.
(2) An annual licence fee may be paid at any time in the 6 weeks before it falls due.
(3) The payment must be accompanied by a statement in respect of the year up to the day that the payment is made that is in a form approved by the Authority.
(4) The annual statement must—
(a) contain any information required by the Authority; and
(b) be accompanied by—
(i) evidence that the licensee will be covered by the required professional indemnity insurance for the next 12 months; and
(ii) any other documents required by the Authority.