Reset to Today

To access the FCA Handbook Archive choose a date between 1 January 2001 and 31 December 2004.

Content Options:

Add to favourites

View Options:

More Resources:

External link Handbook Publications

You are viewing the version of the document as on 2022-07-01.

Timeline guidance

Alternative versions

  1. Point in time
    2023-06-30

FEES 13A.1 Application and purpose

Application

FEES 13A.1.1R

1This chapter applies to every TP person carrying on an activity which would fall within activity group CC2 (Credit-related regulated activities).

Purpose

FEES 13A.1.2R

1The purpose of this chapter is to set out the requirements on the persons listed in FEES 13A.1.1R to fund the costs of taking action against illegal money lending. For the avoidance of doubt, such persons also include supervised run-off firms.

FEES 13A.1.3G

1Section 333S of the Act (Financial assistance for action against illegal money lending) provides that the Treasury may make grants or loans, or give other forms of financial assistance, to persons for the purpose of taking action against illegal money lending.

FEES 13A.1.4G

1Section 333T of the Act (Funding of action against illegal money lending) requires the Treasury to notify the FCA of the amount of the Treasury’s illegal money lending costs. The FCA must make rules requiring authorised persons, or any specified class of authorised persons, to pay to the FCA the specified amounts or amounts calculated in a specified way, with a view to recovering the amounts notified to it by the Treasury.

Regulations 28 and 34 of the EU Exit Passport Regulations provide that supervised run-off firms are treated as having Part 4A permission or a variation to the permission.

FEES 13A.1.5G

1FEES 13A sets out the rules referred to in FEES 13A.1.4G.