FEES 1.1 Application and Purpose

FEES 1.1.1G20/07/2015

1 50 FEES applies to all persons required to pay a fee or levy under a provision of the Handbook. The purpose of this chapter is to set out to whom the rules and guidance in FEES apply. FEES 2 (General Provisions) contains general provisions which may apply to any type of fee payer. FEES 3 (Application, Notification and Vetting Fees) covers one-off fees payable on a particular event for example various application fees (including those in relation to authorisation, variation of Part 4A permission, registration as a CBTL firm, 52 listing and the Basel Capital Accord) and fees relating to certain notifications and document vetting requests. FEES 4 (Periodic fees) covers all periodic fees and transaction reporting fees. FEES 5 (Financial Ombudsman Service Funding) relates to FOS levies and case fees (in FEES 5.5B52). 13 51FEES 6 (Financial Services Compensation Scheme Funding) relates to the FSCS levy. FEES 7 relates to the CFEB levy.9

3 52

FEES 1.1.1AG01/04/2013

15FEES App 1 Annex 1 applies to all persons required to pay a fee or any other amount to the FCA under the Unauthorised Mutuals Registration Fees Rules, as made by the Fees (Unauthorised Mutual Societies Registration) Instrument 2002 (FSA 2002/4) and amended from time to time.

FEES 1.1.1BG01/04/2015

23FEES 9 (Payment System Regulator Funding) relates to PSR fees.

FEES 1.1.1CG01/04/2015

24FEES 10 (Pensions guidance levy) relates to the pensions guidance levy.

FEES 1.1.1DG19/06/2015

25FEES 11 (Pensions guidance providers’ levy) relates to the pensions guidance providers’ levy.

FEES 1.1.1EG25/09/2015

26FEES 12 (FOS ADR Levy) relates to the FOS ADR levy.

Application

FEES 1.1.2R01/03/2016

This manual applies in the following way:

(1)
FEES 1, 2 and 3 apply to the fee payers listed in column 1 of the Table of application, notification and vetting fees in FEES 3.2.7 R29.
1049
1. (a)
  [deleted]10
  10
2. (b)
  [deleted]10
  10
3. (c)
  [deleted]10
  10
4. (d)
  [deleted]10
  10
5. (e)
  [deleted]10
6. (f)
  [deleted]10
  10
7. (g)
  [deleted]10
  10
8. (h)
  [deleted]10
  10
9. (i)
  [deleted]10
  10
10. (j)
  [deleted]10
  10
11. (k)
  [deleted]10
  10
12. (l)
  [deleted]10
  10
13. (m)
  [deleted]10
  10
14. (n)
  [deleted]10
  4
15. (o) 3 3 4 5 4 10
  [deleted]10
16. (p) 5 5 4 10
  [deleted]10
17. (q) 6 5 10
  [deleted]10
18. (r) 6 6 5 10
  [deleted]10
19. (s)
  [deleted]10
  10
(2)
FEES 1, 2 and 4 apply to:
1. (a)
  every firm (except an AIFM qualifier,18 ICVC or UCITS qualifier);
2. (b)
  every authorised fund manager 17 of an authorised unit trust or authorised contractual scheme;
  17 17 17
3. (c)
  every ACD of an ICVC;
4. (d)
  every person who, under the constitution or founding arrangements of a recognised scheme 19, is responsible for the management of the property held for or within the scheme;
  19
5. (da)
  every AIFM of a UK ELTIF;28
6. (e)
  every designated professional body;
7. (f)
  every recognised body;
8. (g)
  under the Listing Rules every issuer of shares, depositary receipts and securitised derivatives;
9. (h)
  under the Listing Rules (LR) 7every sponsor;
  7
10. (i)
  under the Disclosure Rules and Transparency Rules (DTR)7 every issuer of shares, depositary receipts and securitised derivatives;7
  14
11. (j)
  every fee-paying payment service provider;12
12. (k)
  every fee-paying electronic money issuer;14 12
  14 20
13. (l)
  14every issuer of a regulated covered bond;20
14. (m)
  20every AIFM applying to become a small registered UK AIFM and every small registered UK AIFM;22
15. (n)
  21every AIFM notifying the FCA under regulation 57, 58 and 59 of the AIFMD UK regulation and every AIFM which has made such a notification; and22
16. (o)
  each of the following that makes transactions reports directly to the FCA under SUP 17 (Transaction reporting):22
  1. (i)
    a firm;
  2. (ii)
    a third party acting on a firm's behalf;
  3. (iii)
    an approved reporting mechanism;
  4. (iv)
    an operator of a regulated market; and
  5. (v)
    an operator of an MTF.
(3)
FEES 1, 2 and 5 apply to:
1. (a)
  every firm (except to the extent it is bidding in emissions auctions),16 fee-paying payment service provider and fee-paying electronic money issuer 12 which is subject to the Compulsory Jurisdiction of the Financial Ombudsman Service; and
2. (b)
  every other person who is subject to the Compulsory Jurisdiction in relation to relevant complaints.
(4)
FEES 1, 2 and 6 apply to:
1. (a)
  every participant firm;11
  8
2. (b)
  the FSCS; and
3. (c)
  the Society.
(5)
FEES 1, 2 and 7 apply to:
1. (a)
  every person having a Part 4A permission;
2. (b)
  an incoming EEA firm;
3. (c)
  an incoming Treaty firm;
4. (d)
  the Society;12
5. (e)
  every fee-paying payment service provider except the Bank of England, government departments and local authorities;12
6. (f)
  every fee-paying electronic money issuer except the Bank of England, government departments, local authorities, municipal banks and the National Savings Bank.12
(6)
15FEES App 1 Annex 1 applies to every:
1. (a)
  registered society; or
2. (b)
  sponsoring body; or
3. (c)
  person who submits a proposal for the registration of a registered society;
  each as defined in FEES Appendix 1.

FEES 1, 2 and 7 do not apply to an incoming EEA firm or an incoming Treaty firm that has not established a branch in the United Kingdom.9

The application statement at FEES 1.1.2R (3) does not apply to

FEES 5.5A, FEES 5 Annex 2R or FEES 5 Annex 3R.13 51

FEES 1.1.2AR27/10/2015

23FEES 1 and FEES 9 apply

to operators 27 of regulated payment systems and direct payment service providers 27.

FEES 1.1.2BR01/03/2016

29FEES 1 and 11 apply to a designated guidance provider.

FEES 1.1.2CR01/03/2016

29FEES 1 and 12 apply to FOS Ltd.

FEES 1.1.3G01/07/2011

The application of FEES 5.5A and FEES 5 Annex 3R is set out in FEES 5.5A.1 R. 13 51 The relevant provisions of FEES 5 and FEES 2 are applied to VJ participants by the standard terms (see DISP 4).

FEES 1.1.3AG01/03/2016

[deleted]29

Purpose

FEES 1.1.4G01/01/2006

The purpose of this manual is to set out the fees applying to the persons set out in FEES 1.

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FEES 1.1 Application and Purpose

Application

Purpose