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12. FUNDING OF THE REGULATOR

12.1 The Regulator is funded by a levy on Network Operators and on Service Providers.

12.2 The levies are fixed from time to time by the Regulator in consultation with the industry.

12.3 The combined Service Provider and Network Operator contribution to the levy in respect of any Premium Rate call or PSMS shall not exceed four per cent of the cost of the call or PSMS to the Consumer.

12.4 Service Providers’ contributions to the funding of the Regulator shall be deducted at source by the Network Operator and paid over to the Regulator and the Service Provider shall permit such deduction.

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