CIS 18 Annex 2 Application and notification fees payable2The provisions relating to collective investment scheme fees are set out in FEES 1, 2, 3 and 42
Legislative provision |
Nature and purpose of fee |
Payable by |
Amount of fee |
Umbrella scheme factor (note 1) |
Regulation 12 of the OEIC Regulations |
On application for an order declaring a scheme to be an ICVC |
An applicant (note 2) |
£1,200 |
2 |
Section 242 of the Act |
An applicant (note 2) |
£1,200 |
2 |
|
Section 264 of the Act |
On giving notice under section 264 of the Act |
The operator (note 3) |
£600 |
2 |
Section 270 of the Act |
On giving notice under section 270 of the Act |
The operator (note 3) |
£600 |
2 |
Section 272 of the Act |
On application for an order declaring a scheme to be an individually recognised overseas scheme |
An applicant (note 2) |
£14,000 |
2 |
Notes: |
|
1. |
For an umbrella scheme the fee is multiplied by the factor shown in the final column of the table. |
2. |
The fee must accompany the application. |
3. |
The fee must accompany the notice.1 |