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16.—(1) In the exercise of a function under the Act or these Regulations, a payments distributor–
(a)subject to regulation 34, shall make no charge of any kind to a debtor; and
(b)subject to paragraph (2), may charge an administration fee to a creditor taking part in a debt payment programme.
(2) An administration fee shall be no more than 5% of the sum due to be paid to a creditor in a distribution by the distributor.
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