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FEES 3.1 Introduction

Application

FEES 3.1.1 R RP

1This chapter applies to every person6 set out in column 1 of the Table of application, notification and vetting fees in FEES 3.2.7 R6 .

6 6 18 9
FEES 3.1.2 G RP

This chapter does not apply to:6

6
  1. (1)

    an EEA firm that wishes to exercise an EEA right unless it is:13

    6
    1. (a)

      an incoming data reporting services provider connecting to the market data processor system; or13

    2. (b)

      an EEA firm connecting to the market data processor system; or13

  2. (2)

    an EEA authorised payment institution; or6

  3. (3)

    an EEA authorised electronic money institution.6

Purpose

FEES 3.1.3 G RP

The purpose of this chapter is to set out the 9FCA fee paying requirements on the persons set out in FEES 1.1.2R (1).

9 5 19
FEES 3.1.4 G RP

Most of the detail of what fees are payable by the persons referred to in FEES 3.1.3 G is set out in FEES 3 Annex 1 - FEES 3 Annex 12R10.

6 6 20 20
FEES 3.1.5 G RP
  1. (1)

    The rates set for authorisation fees represent an appropriate proportion of the costs of the 9FCA in processing the application or exercise of Treaty rights.

    17179
  2. (2)

    [deleted]17

    17
  3. (3)

    [deleted]17

    17
FEES 3.1.5A G RP

17The fees for funds8 reflect the estimated costs to the FCA of assessing applications and notifications. The level of fees payable in respect of an application or a notification will vary depending upon the provision of the Act under which it is made. This fee is adjusted when the scheme concerned is an umbrella.

8
FEES 3.1.5B G RP

17Application fees for recognised bodies are calculated from a tariff structure intended to reflect the estimated cost of processing an application of that type and complexity.

FEES 3.1.6 G RP

Applications for Part 4A permission (and exercises of Treaty rights) other than in respect of credit-related regulated activities7 are categorised by the 9FCA for the purpose of fee raising as straightforward, moderately complex and complex7 as identified in FEES 3 Annex 1. This differentiation is based on the permitted activities sought and does not reflect the 9FCA's risk assessment of the applicant (or Treaty firm).

9 7 9
FEES 3.1.6A G RP

4Application fees for authorisation or registration under the Payment Services Regulations are set out in FEES 3 Annex 8R . The fee depends on the type of payment services a firm wishes to provide and whether it will be a small payment institution or an authorised payment institution. The fee may also depend on the number of agents it has.

FEES 3.1.6B G RP

6Application fees for authorisation or registration under the Electronic Money Regulations are set out in FEES 3 Annex 10 R. The fee depends on whether the firm is an authorised electronic money institution or a small electronic money institution.

FEES 3.1.6C G RP

20Application fees for registration under article 8(1) of the MCD Order are set out in FEES 3 Annex 10AR. The fee depends on whether the firm holds an existing Part 4A permission or an interim permission or has previously registered as a CBTL firm and that registration has been revoked under article 13 of the MCD Order.

FEES 3.1.6D G RP
  1. (1)

    10Fees for designated credit reference agencies and designated finance platforms11 are set out at FEES 3 Annex 10B.

  2. (2)

    These fees are charged under regulation 21 of the Small and Medium Sized Business (Credit Information) Regulations11 and regulation 18 of the Small and Medium Sized Business (Finance Platforms) Regulations.11

FEES 3.1.6E G RP
  1. (1)

    12Application fees for authorisation under regulation 7 of the DRS Regulations, and for operators of trading venues seeking verification of their compliance with Title V of MiFID14 under regulation 8 of the DRS Regulations and for variation of an authorisation under regulation 12 of the DRS Regulations are set out in the table at FEES 3.2.7R.

  2. (2)

    The fee depends on the number of data reporting services for which the firm is making an application.

FEES 3.1.7 G RP

A potential applicant for Part 4A permission17 (or Treaty firm) has the opportunity to discuss its proposed application (or exercise of Treaty rights) with the 9FCA before submitting it formally.2 If an applicant for Part 4A permission17 (or Treaty firm) does so, the 9FCA will be able to use that dialogue to make an initial assessment of the fee categorisation and therefore indicate the authorisation fee that should be paid.

17 17 17 9 2 2 17 17 17 17 9
FEES 3.1.8 G

[Deleted]17

FEES 3.1.8A G RP

Application fees for applications for and variations of Part 4A permission in respect of credit-related regulated activities are also set out in FEES 3 Annex 1F. Applications for Part 4A permission in respect of credit-related regulated activities are categorised by the 9FCA for the purposes of fee raising as straightforward, moderately complex and complex as identified in FEES 3 Annex 1, unless the application is for a limited permission.7

9

9[Note: PRA-authorised persons may also pay regulatory transaction fees to the PRA set out in Chapter 4 of the Fees Part of the PRA Rulebook.]

FEES 3.2 Obligation to pay fees

General

FEES 3.2.1 R RP

A person in column (1) of the table in FEES 3.2.7 R37 as the relevant fee payer for a particular activity must pay to the FCA (in its own capacity or, if the fee is payable to the PRA, in its capacity as collection agent for the PRA)78 a fee for each application or request for vetting, or request for support relating to compatibility of its systems with 37FCA systems,7 or admission approval made, or notification or notice of exercise of a Treaty right given, or other matter 9as is applicable to it, as set out or calculated in accordance with the provisions referred to in column (2) of the appropriate78 table:

78 78 78 78 37 78
  1. (1)

    in full and without deduction; and

  2. (2)

    on or before the date given in column (3) of that table.

FEES 3.2.1A R RP

38A person must pay the fee in Categories A5 and A6 of FEES 3 Annex 12R for the first submission of a document to the FCA for approval or review in relation to a significant transaction or super transaction. As an exception to FEES 3.2.1R, after that fee is paid, Categories A1 to A4 of FEES 3 Annex 12R specify the fees a person must pay for any further documents submitted for approval or review in relation to the same transaction.

FEES 3.2.2 G RP

If an application for a Part 4A permission52 (or exercise of a Treaty right) falls within more than one category set out in FEES 3 Annex 1, other than where one of the applications is an application under the benchmarks regulation,52 only one fee is payable. That fee is the one for the category to which the highest fee tariff applies. Where applications are made under the benchmarks regulation, a separate fee will be payable for this application. The relevant fee is set out in FEES 3.2.7R.52

Method of payment

FEES 3.2.3 R RP
  1. (1)

    Unless (2), (3)10 or (4)23 applies, the sum payable under FEES 3.2.1 R must be paid by bankers draft, cheque or other payable order.

    23
  2. (2)

    15The FCA does not specify a method of payment for a person seeking to:

    1. (a)

      become a recognised body or a designated professional body; or15

    2. (b)

      be added to the list of designated investment exchanges or accredited bodies.15

  3. (3)

    The sum payable under FEES 3.2.1 R by a firm applying for a variation of its Part 4A permission which is not an application for new permission solely in respect of one or more credit-related regulated activities23 (FEES 3.2.7 R(p)(1) or FEES 3.2.7 R(p)(4)23 and, if applicable, 7831FEES 3.2.7 R(c)31) must be paid by any of the methods described in (1) or by Maestro, Visa Debit25 or credit card (Visa/Mastercard/American Express31 only).10

    2313791023
  4. (4)

    Unless FEES 3.2.3A R applies, the sum payable under FEES 3.2.1 R by a firm applying for a Part 4A permission in respect of credit-related regulated activities only or a variation of its Part 4A permission to add solely one or more credit-related regulated activities must be paid by Maestro, Visa Debit or credit card (Visa/Mastercard/American Express31 only).23

  5. (5)

    [deleted]53

    2331
FEES 3.2.3A R RP
  1. (1)

    23If the fee payer (as specified in column (1) of FEES 3.2.7 R) in relation to FEES 3.2.3R (4) is:

    1. (a)

      unable to make a payment by credit or debit card; or

    2. (b)

      permitted to make a paper application rather than an online application for a Part 4A permission in respect of credit-related regulated activities only or a variation of its Part 4A permission to add a credit-related regulated activity;

    the sum payable under FEES 3.2.1 R can be paid by bankers draft, cheque or other payable order.

FEES 3.2.3B G RP

23If FEES 3.2.3AR (1)(a) applies to a fee payer, that fee payer would be expected to notify the FCA of these circumstances in advance of making its payment (and, in any event, no less than 7 days before the date on which the application for a Part 4A permission or the variation of a Part 4A permission is made) unless such notification is impossible in the circumstances, eg, there is a sudden technological failure.

FEES 3.2.4 G RP

The FCA expects that a person seeking to become a recognised body or a designated professional body or to be added to the list of designated investment exchanges or accredited bodies 15will generally pay their respective fees by electronic credit transfer.

FEES 3.2.5 G RP
  1. (1)
    1. (a) 37

      The appropriate authorisation or registration 8fee is an integral part of an application for, or an application for a variation of, a Part 4A permission ,24 authorisation, registration or variation under the Payment Services Regulations or the Electronic Money Regulations, registration under article 8(1) of the MCD Order, authorisation under regulation 7 of the DRS Regulations or verification under regulation 8 of the DRS Regulations45 or notification or registration under the AIFMD UK regulation24.16

      24880
    2. (b) 37

      Any application or notification24 received by the37FCA without the accompanying appropriate fee, in full and without deduction (see FEES 3.2.1 R), will not be treated as an application or notification24 made, incomplete or otherwise, in accordance with section 55U(4), or 3755H 37of the Act or regulation 5(3) or 12(3) of the Payment Services Regulations8 or regulation 5 or 12 of the Electronic Money Regulations or regulation 11(1) and 60(a) of the AIFMD UK regulation, regulation 7(2) of the DRS Regulations45 or article 9 of the MCD Order. 80

      3724
    3. (c) 37

      16Where this is the case, the 37FCA will contact the applicant to point out that the application cannot be progressed until the appropriate fee has been received. In the event that the appropriate fee, in full and without deduction, is not forthcoming, the application will be returned to the applicant and no application will have been made.

      3780
  2. (2)

    With the exception of persons seeking to become a designated professional body, all applications, notifications, requests for vetting or admission approval will be treated as incomplete until the relevant fee is fully paid and the 37FCA will not consider an application, notification, request for vetting or admission approval until the relevant fee is fully paid. Persons seeking to become a designated professional body have 30 days after the designation order is made to pay the relevant fee.

    37
FEES 3.2.6 G RP

Fees paid under this chapter are not refundable.

FEES 3.2.7 R RP

Table of application, notification, vetting and other fees payable to the FCA32

31

31Part 1: Application, notification and vetting fees

31(1) Fee payer

(2) Fee payable (£)37

Due date

(a) Any applicant for Part 4A permission (including an incoming firm applying for top-up permission) whose fee is not payable pursuant to sub- paragraph (zza)52 of this table

26

(1) Unless (2),41 (3) or (4)41 applies, in1 respect of a particular application, the highest of the tariffs set out in FEES 3 Annex 1 part 11 which apply to that application.

When both (A) and (B) apply, 50% of the tariff payable under (1):34

(2) 50% of the tariff payable under (1) is payable when either (a) or (b) apply:

(a) the application is one referred to in paragraph p; or

(b) the application is a limited permission case under .

(A) the application only involves a simple change of legal status as set out in FEES 3 Annex 1 part 6; and34

(B) the application is:34

(i) a straightforward case under paragraph 2(d) or 3(g) of FEES 3 Annex 1;

(ii) a moderately complex case under paragraph 2(e) or 3(h) of FEES 3 Annex 1; or

(iii) a limited permission case under paragraph 3(i) of FEES 3 Annex 1.

(3) If the applicant applies for registration under article 8(1) of the MCD Order at the same time as applying for a Part 4A permission, the fee payable is the higher of: 80

(i) the fee otherwise payable in (1) or (2); and 80

(ii) the fee payable in FEES 3 Annex 10AR. 80

(4) No fee is payable if the applicant satisfies the criteria set out in FEES 4 Annex 2BR(5)(a).41

1 80 34 34 34 34

On or before the application is made

(aa) A person who makes an application under section 24A of the Consumer Credit Act 1974 which meets the conditions of article 31 (Applications for a standard licence where no determination made before 1 April 2014) of the Financial Services and Markets Act 2000 (Regulated Activities) (Amendment) (No 2) Order 2013 (the “relevant application”)30

As (a) above less any amount paid to the Office of Fair Trading in relation to the relevant application.

Within 30 days of the date of the invoice.

(b) Any Treaty firm that wishes to exercise a Treaty right to qualify for authorisation under Schedule 4 to the Act (Treaty rights) in respect of regulated activities for which it does not have an EEA right, except for a firm providing cross border services only4

(1) Where no certificate has been issued under paragraph 3(4) of Schedule 4 to the Act the fee payable is, in respect of a particular exercise, set out in FEES 3 Annex 1, part 4

(2) Where a certificate in (i) has been issued no fee is payable

On or before the notice of exercise is given

(c) Any applicant for a certificate under article 54 of the Regulated Activities Order

2,000

On or before the application is made

(d) Applicants for an authorisation order for, or recognition under section 272 of the Act27 of, a collective investment scheme

FEES 3 Annex 2R , part 227

27

On or before the application is made

(da) Applicants for the authorisation of an AIF as a UK ELTIF36

FEES 3 Annex 2R , part 2A36

On or before the date the application is made36

(e) The management company27 of a scheme making a notification under section 264 of the Act

27 27

FEES 3 Annex 2R , part 327

27

On or before the date the application is made28

28(ea)

(i) An AIFM (other than a UK AIFM or an EEA AIFM with a branch in the UK) notifying the FCA of its intention to market an AIF in the UK under regulation 57 of the AIFMD UK regulation

(ii) An AIFM notifying the FCA of its intention to market an AIF in the UK under regulation 58 or 59 of the AIFMD UK regulation

FEES 3 Annex 2 R , part 4

On or before the date the notification is made

28(eb) An applicant for registration on the register of small registered UK AIFM which the FCA is required to maintain under regulation 10 of the AIFMD UK regulation

£750

On or before the date the application is made

(f) Any person seeking an order under section 326(1) of the Act to become a designated professional body.

10,000

30 days after the order is granted

(g) Any applicant for recognition as a UK recognised body:17

(i) under section 287 of the Act; or17

(ii) under regulation 2(1) of the RAP regulations17

78

FEES 3 Annex 3 , part 1

On or before the date the application is made26

(ga) [deleted]52

26 35 35 35

(h) Any applicant for recognition as an ROIE78 under section 287 or section 292 of the Act

78 78

FEES 3 Annex 3 , part 2

On or before the date the application is made

(i) [deleted]35

35 		35 35

(j) [deleted]38

38

38

(k) [deleted]35

35 		35 35

(l) [deleted]38

38

7 2

38

(m) [deleted]38

38

7 2

38

(n) Applicants to be added to the list of designated investment exchanges

50,000

On or before the date the application is made

2(o) In relation to a BIPRU firm, either:29

(i) a firm applying to the FCA29 for permission to use one of the advanced prudential calculation approaches listed in FEES 3 Annex 6 R (or guidance on its availability), including any future proposed amendments to those approaches or (in the case of any application being made for such permission to the FCA29 as EEA consolidated supervisor under the (transposing parts of the BCD and CAD, as applicable under article 95(2) of the EUCRR29)) any firm making such an application ;5 or

(ii) in the case of an application to 5a Home State regulator other than the FCA295for the use of the Internal Ratings Based approach and the Home State regulator requesting the FCA's29 assistance in accordance with the Capital Requirements Regulations 2006 (transposing parts of the BCD and CAD, as applicable under article 95(2) of the EUCRR29), any firm to which the FCA29 would have to apply any decision to permit the use of that approach.5

1 1 2 29 5 78 29 5 78 29 5 78 29 78 29 78 29

(1) Unless5 (2) applies, FEES 3 Annex 6.5

(2) (a) Unless5 (b) applies a1firm submitting a second application for the permission or5guidance described in column (1) within 12 months of the first application (where the fee was paid in accordance with (1)) must pay 50% of the fee applicable to it under FEES 3 Annex 6, but only in respect of that second application

(b) No fee is payable by a firm in relation to a successful application for a permission5 based on a minded to grant decision in respect of the same matter following a complete application for guidance in accordance with prescribed submission requirements.1

(c) No fee is payable where the Home State regulator has requested the assistance described in paragraph (o)(ii) of column 1 except in the cases specified in 5FEES 3 Annex 6.2

5 2 5 1 2 5 5 5 78 5 78 5

Where the firm has made an application directly to the FCA29, on or before the date the application is made, otherwise within 30 days after the FCA29 notifies the firm that its EEA parent's Home State regulator has requested assistance.229

2 78 29 78 29 78

29(oa) Either:

(i) a firm applying to the 37FCA

for permission to use one of the internal approaches listed in FEES 3 Annex 6A (or guidance on its availability), including any future proposed amendments to those approaches or (in the case of any application being made for such permission to the 37FCA

as consolidating supervisor under the EU CRR) any firm making such an application; or

(ii) in the case of an application to the consolidating supervisor other than the 37FCA

for the use of the IRB approach and the consolidating supervisor requesting the 37FCA's

assistance in accordance with the EU CRR, any firm to which the 37FCA would have to apply any decision to permit the use of that approach.

37 37 37 37 37

(1) Unless (2) applies, FEES 3 Annex 6A.

(2) (a) Unless (b) applies a firm submitting a second application for the permission or guidance described in column (1) within 12 months of the first application (where the fee was paid in accordance with (1)) must pay 50% of the fee applicable to it under FEES 3 Annex 6A, but only in respect of that second application.

(b) No fee is payable by a firm in relation to a successful application for a permission based on a minded to grant decision in respect of the same matter following a complete application for guidance in accordance with prescribed submission requirements.

(c) No fee is payable where the consolidating supervisor has requested the assistance described in paragraph (oa)(ii) of column 1.

37

Where the firm has made an application directly to the 37FCA , on or before the date the application is made, otherwise within 30 days after the 37FCA notifies the firm that its EEA parent's consolidating supervisor has requested assistance.

37 37

(p) A firm applying for a variation of its Part 4A permission whose fee is not payable pursuant to sub- paragraph (zza)52 of this table

26

(1) Unless (2), (2A), (3), (3A), (3B), (3C), (3D) or 3(E)44 applies, if the proposed new1 business of the firm would1 fall within one or more activity groups specified in Part 1 of FEES 4 Annex 1AR not applicable before the application1, the fee is 50% of the highest of the tariffs set out in FEES 3 Annex 1R37 which apply to that application.

(2) Subject to (2A) below, if the firm's application includes an application for a Part 4A permission to carry on a new credit-related regulated activity, the fee is 50% of the highest of the tariffs set out in FEES 3 Annex 1R37

that would be payable under (1) above or, if higher, 50% of the highest of the tariffs set out in FEES 3 Annex 1R37

that would be payable in relation to the new credit-related regulated activity30.37

(2A) If an applicant which already has a Part 4A permission to carry on a credit-related regulated activity exclusively applies for a Part 4A permission to carry on a new credit-related regulated activity, that is specified in Part 3 of FEES 3 Annex 1R37

in the straightforward category (or if it exclusively applies for a number of such permissions), the fee is £25030.37

(3) If the firm is in the A.1 fee-block at the date of the application and the variation involves adding any of the regulated activities of meeting of repayment claims or managing dormant account funds (including the investment of such funds), the fee is 50% of the fee in FEES 3 Annex 1 R that applies to that application11

(3A) If the applicant had a limited permission prior to the application to vary its Part 4A permission, 100% of the highest of the tariffs set out in FEES 3 Annex 1R37

which apply to that application30.37

(3B) If the applicant has a limited permission and its application exclusively relates to another limited permission, the fee is 030

(3C) If the applicant applies for registration under article 8(1) of the MCD Order at the same time as it applies for a variation of its Part 4A permission, the fee is the highest of the fees set out in FEES 3 Annex 10AR and the amount otherwise payable in (1), (2), (2A), (3), (3A) or (3B), or (4).80

(3D) No fee is payable if the applicant satisfies the criteria set out in FEES 4 Annex 2BR(5)(a).41

(4) 11 In all other cases, other than applications by credit unions, the fee payable is 250 for firms which are not, or are not seeking to become, a PRA-authorised person, and 125 for firms which are, or are seeking to become, a PRA-authorised person,78 unless the variation involves only the reduction (and no other increases) in the scope of a Part 4A permission in which case no fee is payable.1

(3E) The fee is 12,500 if the firm applying:44

(i) is an MTF operator and the proposed new business of the firm is to be an OTF operator; or44

(ii) is an OTF operator and the proposed new business of the firm is to be an MTF operator.44

30 80 41 30 80 80 1 78 78 37 78 37 80 80 37 1 37 30 30 23 37 37 37 11 37

On or before the date the application is made

30(pa) A person who makes an application under section 30(1) of the Consumer Credit Act 1974 which meets the conditions of article 33 (Variations at request of licensee where no determination made before 1 April 2014) of the Financial Services and Markets Act 2000 (Regulated Activities) (Amendment) (No 2) Order 2013 (the “relevant variation application”)

As (a) or 31(p) above, less any amount paid to the Office of Fair Trading in relation to the relevant variation application.

Within 30 days of the date of the invoice.

2(q) [deleted]38

7 7 13 79 13 79 7 7 22 22 7

38

38

3 3 3

2(r) [deleted]46

 6 6 5 6 6

5(s) In the case of an insurance business transfer scheme, a transferor.

Note - for the purpose of this paragraph an insurance business transfer scheme consists of a single transferor and a single transferee. Where however such a scheme is part of a single larger scheme, that larger scheme is treated as a single insurance business transfer scheme. If an insurance business transfer scheme includes more than one transferor in accordance with this paragraph, the transferors are liable to pay the fee under column (2) jointly.

Either (1) or (2) as set out below:

(1) In the case of an insurance business transfer scheme involving long term insurance business, 9,25037; or

(2) in the case of an insurance business transfer scheme not involving long term insurance business, 5,000.

77 77 37 77 77 37 77 37

On or before any application is made for the appointment of a person as an independent expert.

37

6(t) [deleted]46

20

(u) [deleted]34

34 		34 34

(v) [deleted]38

22 22

38

38

[deleted]35

35 		35 35

(x)[deleted]38

38

38 8

8(y) An applicant for authorisation as an authorised payment institution under regulation 5 of the Payment Services Regulations

The highest of the tariffs set out in FEES 3 Annex 8 which apply to that application.

Where an application only involves a simple change of legal status as set out in FEES 3 Annex 1 Part 6, the fee payable is 50% of the tariff that would otherwise be payable in FEES 3 Annex 8R.47

On or before the date the application is made.

47(ya) An applicant for registration as an account information service provider under regulation 17 of the Payment Services Regulations.

47 FEES 3 Annex 8R , paragraph (2)(i).

Where an application only involves a simple change of legal status as set out in FEES 3 Annex 1 Part 6, the fee payable is 50% of the tariff that would otherwise be payable in FEES 3 Annex 8R.

47On or before the date the application is made.

(z) An application by a small payment institution for authorisation as an authorised payment institution because regulation 16 47 of the Payment Services Regulations applies

The highest of the tariffs set out in FEES 3 Annex 8R which apply to that application.

On or before the date the application is made.

(za) An applicant for registration as a small payment institution under regulation 13 47 of the Payment Services Regulations

FEES 3 Annex 8R , paragraph (1). Where an application only involves a simple change of legal status as set out in FEES 3 Annex 1 R Part 6, the fee payable is 50% of the tariff that would otherwise be payable in FEES 3 Annex 8R.

On or before the date the application is made.

(zb) An authorised payment institution applying to vary its authorisation under regulation 5 47 of the Payment Services Regulations.

(1) If50 prior to the variation the authorised payment institution is authorised to carry on any one or more of the payment services falling50 within paragraph (f), 47 (g) or (h) of Part 1 of Schedule 1 to the Payment Services Regulations and the authorised payment institution is applying to extend its authorisation to include any one or more of the payment services in (a) to (e)50, the fee is 50% of the highest of the tariffs set out in FEES 3 Annex 8R which apply to that application.

(2) Where the authorised payment institution50 already has authorisation to provide payment services within any one or more of paragraphs (a) to (e) of Part 1 of Schedule 1 to the Payment Services Regulations and wishes to add one or more other services in (a) to (f);50

the fee payable is £47250 irrespective of the number of agents it has.

50(3) Where the authorised payment institution already has authorisation to provide payment services within any one or more of paragraphs (a) to (f) of Part 1 of Schedule 1 to the Payment Services Regulations and wishes to add one or both of the services in (g) and (h) the fee payable is £750, irrespective of the number of agents it has.

(4)50 In cases where the variation involves only the reduction (and no increases) of the types of payment services to be carried on after the variation, no fee is payable.

47 47 47 47 47

On or before the date the application is made.

(zc) A small payment institution applying to vary its registration under regulation 13 47 of the Payment Services Regulations

(1)The 47 fee is 50% of the tariff 47set out in FEES 3 Annex 8R, paragraph (1). 47

(2) 47 In cases where the variation involves only the reduction (and no increases) of the types of payment services to be carried on after the variation, no fee is payable.

47 47

On or before the date the application is made.

(zd)

47 		47

[deleted]47

(ze) Any person to which the Special Project Fee for restructuring applies under FEES 3 Annex 9.12

12

Special Project Fee for restructuring in accordance with FEES 3 Annex 9 .

30 days of the date of the invoice.9

(zf) [deleted]78

78 		78 9 16 78

16(zg) An applicant for authorisation as an authorised electronic money institution under regulation 5 of the Electronic Money Regulations.

The amount set out in FEES 3 Annex 10 R. Where an application only involves a simple change of legal status as set out in FEES 3 Annex 1 R Part 6, the fee payable is 50% of the tariff that would otherwise be payable in FEES 3 Annex 10 R.

On or before the date the application is made.

16(zh) An applicant for registration as a small electronic money institution under regulation 12 of the Electronic Money Regulations.

The amount set out in FEES 3 Annex 10 R. Where an application only involves a simple change of legal status as set out in FEES 3 Annex 1 R Part 6, the fee payable is 50% of the tariff that would otherwise be payable in FEES 3 Annex 10 R.

On or before the date the application is made.

16(zi) An application by a small electronic money institution for authorisation as an authorised electronic money institution14because regulation 16 of the Electronic Money Regulations applies.

The amount set out in FEES 3 Annex 10 R.

On or before the date the application is made.

16(zj) An authorised electronic money institution applying to vary its authorisation under regulation 8 of the Electronic Money Regulations.

50(1) Subject to (2) below, the fee is 50% of the tariff for an electronic money institution authorisation application set out in FEES 3 Annex 10R.

50(2) Where the authorised electronic money institution applies to vary its permission so as to be able to provide one or both of the payment services in paragraphs (g) and (h) of Part 1 of Schedule 1 to the Payment Services Regulations the fee payable is £750.

On or before the date the application is made.

16(zk) A small electronic money institution applying to vary its registration under regulation 12 of the Electronic Money Regulations.

The amount set out in FEES 3 Annex 10 R.

On or before the date the application is made.

15(zl) An applicant for recognition as an accredited body.

2,500

On or before the date the application is made.18

18(zm) An issuer applying for registration of a regulated covered bond.

(1) Unless (2) or (3)41 applies, 45,000.

(2) In the case of a proposed covered bond or programme where the assets in the asset pool will consist primarily of UK residential mortgages, 25,000.

(3) No fee is payable if the issuer satisfies the criteria set out in FEES 4 Annex 2BR(5)(b).41

On or before the date the application is made.

18(zn) An issuer who proposes to make a material change to the contractual terms of a regulated covered bond under RCB 3.5.4 D.

(1) Unless (2) applies 6,500.41

(2) No fee is payable if the issuer satisfies the criteria set out in FEES 4 Annex 2BR(5)(c).41

On or before the date the notification under RCB 3.5.4 D is made.21

21(zo) In the case of persons in respect of which the FCA has given notice of its intention to take, or appoint a competent person to take, any steps under CONRED 2.5.12R, either:

(i) a Firm (as defined in CONRED 2.1.1R(1); or

(ii) a person falling within CONRED 2.1.2R(1).

An amount equal to:

(1) a sum determined by the number of hours, or part of an hour, taken by the FCA in relation to work conducted in taking steps under recorded on the FCA's systems, multiplied by the rate in FEES 3 Annex 9 (11)R; or

(2) any amount invoiced to the FCA by a competent person in relation to any work carried out by that competent person in connection with its appointment by the FCA under CONRED 2.5.12R.

Within 30 days of the date of the invoice.

78(zp) A person in respect of which the FCA37 has given notice of its intention to itself appoint a skilled person to provide it with a report pursuant to section 166(3)(b) of the Act and SUP 5.2.

37

Any amount invoiced to the FCA37 by a skilled person in relation to any work carried out by that skilled person in connection with its appointment by the FCA37 pursuant to section 166(3)(b) of the Act.

37

Within 30 days of the date of the invoice.

78(zq) A person in respect of which the FCA37 has given notice of its intention to itself appoint a skilled person to collect or update information pursuant to section 166A(2)(b) of the Act .

37

Any amount invoiced to the FCA37 by a skilled person in relation to any work carried out by that skilled person in connection with its appointment by the FCA 37 pursuant to section 166A(2)(b) of the Act.

37 37

Within 30 days of the date of the invoice.33

33(zr) [deleted]38

38

38

30(zs) Applicant for FCA permission for an agreement to be enforced under section 28A(3)(a) and/or money paid or property transferred under and agreement to be retained under 3128A(3)(b) of the Act

(1) If the application is for permission for an agreement to be enforced under section 28A(3)(a) of the Act and for permission for money paid or property transferred under an agreement to be retained under section 28A(3)(b) of the Act, the fee is 31£3,500 per type of agreement specified in the application.30

(2) If the application is for permission for an agreement to be enforced under section 28A(3)(a) of the Act only, the fee is £3,500 per type of agreement specified in the application.31

(3) If the application is for permission for money paid or property transferred under an agreement to be retained under section 28A(3)(b) of the Act only, the fee is £3,500 per type of agreement specified in the application.31

Where there are a number of agreements of the same type, only one fee is payable in respect of those agreements. A number of agreements are of the same type when those agreements are entered into on the same terms and conditions.

On or before the date the application is made.

(zt) An applicant for registration in the Financial Services Register under article 8(1) of the MCD Order. 80

Unless (1), or (2) applies, the fee as set out in FEES 3 Annex 10A. 80

(1) If the applicant is applying for a Part 4A permission at the same time as it applies for registration under article 8(1) of the MCD Order, the fee payable in row (a), column (2) paragraph (3) of this Table. 80

(2) If the applicant is applying for a variation of a Part 4A permission at the same time as it applies for registration under article 8(1) of the MCD Order, the fee payable in row (p), column 2 paragraph (3)(c) of this Table. 80

On or before the application is made.80

(zu)40 Any person to which the Designated Credit Reference Agencies and Finance Platform42 Fee applies under FEES 3 Annex 10B.

39

Designated Credit Reference Agencies and Finance Platform42 Fee in accordance with FEES 3 Annex 10B.

Within 30 days of the date of the invoice.

43(zv) Any firm that meets the test in FEES 3 Annex 10C(1)R(1) (PPI campaign fees).

The amount set out in FEES 3 Annex 10C(1) R(2).

Within 30 days of the date of the invoice.

45(zw) An applicant for authorisation under regulation 7 of the DRS Regulations, or the operator of a trading venue seeking verification of their compliance with Title V of MiFID49 under regulation 8 of the DRS Regulations or an applicant for variation of an authorisation under regulation 12 of the DRS Regulations.

Either (1), (2), or (3) applies as set out below:

(1) If the applicant is applying for permission to operate one data reporting service, 5,000.

(2) If the applicant is applying for permission to operate more than one data reporting services, 50% of the fee at (1) for each additional service plus the fee at (1).

(3) If the applicant is applying for variation of an authorisation, 50% of the fee at (1) for each additional service.

On the date the application is made.

46(zx) (1) Unless (2) applies any person applying to connect to the market data processor system to make transaction reports directly to the FCA under MiFIR.

(2) If a person has previously applied as stated in (zx)(1) above and has been connected then no further fee is payable for any further such applications.

1) Unless (2) applies, 20,000.

(2) Any incoming data reporting services provider will pay 80% of the fee at (1).

On the date the application is made

46(zy) (1) Subject to (2) and (3) below, any person applying to connect to the market data processor system to provide markets data (other than transaction reports) under MiFID49 and MiFIR.

(2) If a person has previously applied as stated in (zy)(1) above and has been connected then no further fee is payable for any further such applications in relation to reporting the same data.

(3) If a person has previously applied as stated in (zy)(1) above and makes a further application in relation to the provision of different data then a separate fee is payable for such application.

(1) Unless (2) applies, 10,000.

(2) Any incoming data reporting services provider authorised by another EEA State will pay 80% of the fee at (1).

On the date the application is made.

51(zz) an applicant for registration under regulation 14 of the Risk Transformation Regulations as a protected cell company.

500

On or before the date the application is made.

52(zza) An application for authorisation as a regulated benchmark administrator.

The highest of the applicable tariffs set out in FEES 3 Annex 1R.

Where an applicant intends to administer benchmarks falling into different complexity groupings, it will pay one fee only, for the highest category applied for. If, once authorised, a regulated benchmark administrator notifies the FCA of its intention to administer other/additional benchmarks no further application fee is payable (even if the other/additional benchmark falls into a higher complexity category).

On the date the application is made.

52(zzb) An application for recognition of an administrator in accordance with article 32 of the benchmarks regulation.

5,000

On the date the application is made.

52(zzc) An application for endorsement of a benchmark or family of benchmarks in accordance with article 33 of the benchmarks regulation.

1,500

On the date the application is made.

54(zzd) applications for claims management companies

(1) £1,200 for claims management companies with annual turnover of up to and including £1,000,000; and

(2) £10,000 for claims management companies with annual turnover of over £1,000,000.

Firms which already have Part 4A permissions and are applying to vary their permissions will

receive a 50% reduction in the relevant fee.

On the date the application is made.

55(zze) An application for authorisation as a third party verifier

(1) Unless (2) applies, 1,500.

(2) Firms which already have Part 4A permissions will not receive a 50% reduction in the authorisation fee.

On the date the application is made.

32Part 2: UKLA38 fees

(1) Fee payer

(2) Fee payable

(3) Due date

(a)

(i) An issuer which has not made public its annual financial report before the latest time specified in DTR 4.1.3 R.

(ii) An issuer which has not made public its half-yearly financial report before the latest time specified in DTR 4.2.2 R (2).

FEES 3 Annex 12R 38

Within 30 days of the date of the invoice.

38(b) An applicant for approval as a sponsor.

FEES 3 Annex 12R

On or before the date the application is made.

38(c) For the purposes of48 the listing rules:48

(i)48 an issuer requesting approval of a document arising in relation to a specific event or transaction, which is not a significant transaction or a super transaction; or48

48(ii) an issuer or person applying for eligibility for listing of its securities.

FEES 3 Annex 12R

On or before the date that relevant document is first submitted to the FCA.

38(d) Under the prospectus rules, Prospectus Rules or the Prospectus Regulation, an issuer or a person requesting approval or review of a document arising in relation to a specific event or transaction, which is not a significant transaction or a super transaction.

FEES 3 Annex 12R

On or before the date that relevant document is first submitted to the FCA.

38(e) An issuer requesting the approval or review of a document in connection with a super transaction.

FEES 3 Annex 12R

On or before the date that relevant document is first submitted to the FCA.

38(f) An issuer requesting the approval or review of a document in connection with a significant transaction.

FEES 3 Annex 12R

On or before the date that relevant document is first submitted to the FCA.

38(g) A person who requests the FCA’s approval of a document that includes a mineral expert’s report and who is a fee payer under one or more of the categories (c), (d), (e), and (f) above must additionally pay a fee under this category.

FEES 3 Annex 12R

On or before the date that relevant document is first submitted to the FCA.

38(h) An applicant for approval as a primary information provider.

FEES 3 Annex 12R

On or before the date the application is made.

[Note:Guidance on how a firm liable to pay a fee under both rows (s) and (ze) of this table for the same transaction should expect to be treated is set out in FEES 3 Annex 11 G.]19

FEES 3 Annex 1 Authorisation fees payable

R

Part 1 - Authorisation fees payable

For FCA-authorised persons and persons seeking to become FCA-authorised persons, the amount payable to the FCA is the amount payable

under Part 1, (a) below.23

23For PRA-authorised persons and persons seeking to become PRA-authorised persons, the amount payable to the FCA is the amount payable under Part 1(b).

23[Note:PRA-authorised persons may also pay regulatory transaction fees for new authorisations to the PRA as set out in Chapter 4 of the Fees Part of the PRA's Rulebook.]

The 23Tables below 23set out the following:18

(1) fees for applications by credit unions and community finance organisations21;18

(2) application fees in respect of the complexity groupings that relate to regulated activities that are not credit-related regulated activities; and18

(3) application fees in respect of the complexity groupings that relate to credit-related regulated activities.18

9 40 23 23 23 23 18

23 Part 1(a) Authorisation Fees payable to the FCA by FCA-authorised persons

18 Application type

Amount payable (£)

(1) Community finance organisations23

21 23

(a) [deleted]23

 23

(aa) Community finance organisations2321 - where application is for a Part 4A permission limited to permission to carry on credit-related regulated activity

23

200

25(ab) Community finance organisations -27 where application is for a Part 4A permission as a home finance provider or home finance administrator

300

27(ac) Community finance organisations - where application is for limited permission

(i) 100 if consumer credit annual income is between £0 – £50,000; and

(ii) 200 if consumer credit annual income is more than £50,000

(b) [deleted]23

23 		23

(c) [deleted]23

23 		23

(2) Complexity groupings not relating to credit-related regulated activities - see Part 2

(d) Straightforward

1,500 (unless otherwise specified in Part 2)

(e) Moderately complex

5,000 (unless otherwise specified in Part 2)

(f) Complex

25,000

(3) Complexity groupings relating to credit-related regulated activity - see Part 3

Consumer credit annual income (£)

0 - 50,000

> 50,000

(g) Limited permission

100 unless the application is for limited permission as a not-for-profit debt advice body, in which case the amount payable is 0

500 unless the application is for limited permission as a not-for-profit debt advice body, in which case the amount payable is 0

Consumer credit annual income (£)

0 -50,000

> 50,000 - 100,000

> 100,000 - 250,000

> 250,000 - 1,000,000

> 1,000,000

(h) Straightforward

600

750

1,000

1,500

5,000

(i) Moderately complex

800

1,000

1,500

5,000

10,000

(j) Complex

1,000

1,250

2,000

7,000

15,000

30(4) Complexity groupings relating to claims management companies

30(k) Claims management companies with turnover of up to and including £1,000,000

1,200

30(l) Claims management companies with turnover of over £1,000,000

10,000

31(5) Complexity groupings relating to third party verifiers

31(m) Third party verifiers

1,500

23 Part 1(b) Authorisation Fees payable to the FCA by PRA-authorised persons

Application type

Amount payable (£)

(1) Credit unions

(a) Credit unions - registration of a common bond

200

(aa) Credit unions where application is for a Part 4A permission limited to permission to carry on credit-related regulated activity

100

(b) Credit unions25(other than where (aa) applies)

150

(c) [deleted]25

25

(2) Complexity groupings not relating to credit-related regulated activities - see Part 2

(d) Straightforward

750 (unless otherwise specified in Part 2)

(e) Moderately complex

2,500 (unless otherwise specified in Part 2)

(f) Complex

12,500

(3) Complexity groupings relating to credit-related regulated activity - see Part 3

Consumer credit annual income (£)

0 - 50,000

> 50,000

(g) Limited permission

50 unless the application is for limited permission as a not-for-profit debt advice body, in which case the amount payable is 0

250 unless the application is for limited permission as a not-for-profit debt advice body, in which case the amount payable is 0

Consumer credit annual income (£)

0 -50,000

> 50,000 - 100,000

> 100,000 - 250,000

> 250,000 - 1,000,000

> 1,000,000

(h) Straightforward

300

375

500

750

2,500

(i) Moderately complex

400

500

750

2,500

5,000

(j) Complex

500

625

1,000

3,500

7,500

Part 2 – Complexity groupings26 not relating to credit-regulated activities26

Straightforward cases29

18 9

Straightforward cases

Activity grouping

Description

A.3

Friendly societies only

A.4

Friendly societies only16

16A.10

A firm to the extent it is bidding in emissions auctions

A.13

Advisors,20 arrangers, dealers or brokers

20 20

A.14

Corporate finance advisers

A.181

Home finance providers 4, advisers and arrangers (excluding home finance providers4).1

4 4 9 12 11

A.191

General insurance distribution28

1

19A.21

Holding client money or assets or both.

29B.

Regulated benchmark administrators where the applicant intends to administer a non-significant benchmark

Moderately Complex Cases

9

Moderately complex cases

Activity grouping

Description

[deleted]13

13

[deleted]13

13

A.21

Home finance providers 4 and administrators.1

4 9 12 11

5A.3

UK ISPVs

A.48[deleted]8

[deleted]8

8

A.5

Managing agents at Lloyd's

A.7

Portfolio managers17

17

A.9

Managers and depositaries of investment funds, and operators of collective investment schemes or pension schemes17

17 17

A.10

Firms dealing as principal, except to the extent the firm is bidding in emissions auctions16

B.

Service companies

29B.

Regulated benchmark administrators where the applicant intends to administer:

- a significant benchmark; or

- a commodity benchmark or an interest rate benchmark which has not been designated as a critical benchmark; or

- a regulated-data benchmark other than one which is a non-significant benchmark.

Complex Cases29

Complex cases

Activity grouping

Description

A.1

Deposit acceptors (excluding e-money issuers and credit unions) and dormant account fund operators10

A.3

Insurers - general (excluding friendly societies and UK ISPVs5)

A.4

Insurers - life (excluding friendly societies)

8

6B

MTF operators and OTF operators26

29B.

Regulated benchmark administrators where the applicant intends to administer a critical benchmark

Part 3 - Complexity Groupings relating to credit-related regulated activity18

Straightforward cases18

Activity grouping18

Description

CC.2

Credit broking;

Providing credit information services;

Advising on regulated credit agreements for the acquisition of land 22

Moderately complex cases18

Activity grouping18

Description

CC.2

Debt administration

Debt collecting

Entering into a regulated consumer hire agreement as owner

Entering into a regulated credit agreement as lender (excluding in relation to high-cost short-term credit, bill of sale loan agreements and home credit loan agreements)

Exercising, or having the right to exercise, the owner’s rights and duties under a regulated consumer hire agreement

Exercising, or having the right to exercise, the lender’s rights and duties under a regulated credit agreement (excluding in relation to high-cost short-term credit, bill of sale loan agreements and home credit loan agreements)

Operating an electronic system in relation to lending

Complex cases18

18Activity grouping

Description

CC.2

Debt adjusting

Debt counselling

Entering into a regulated credit agreement as lender in relation to high-cost short-term credit, bill of sale loan agreements and home credit loan agreements

Exercising, or having the right to exercise, the lender’s rights and duties under a regulated credit agreement in relation to high-cost short-term credit, bill of sale loan agreements and home credit loan agreements

Providing credit references

Part 4 - Authorisation Fees for Treaty Firms R

If the Treaty firm wishes to undertake the permitted activities in question through its branch in the United Kingdom, the fee is 50% of the fee that would be payable under FEES 3.2.7 R for an applicant for Part 4A permission.

41 23

If the Treaty firm wishes to undertake the permitted activities in question by providing services in the United Kingdom, the fee is 25% of the fee which would be payable under FEES 3.2.7 R for an applicant for Part 4A permission.

41 23

Part 5 - Activity Groupings R

The activity group definitions are set out in FEES 4 Annex 1A.

2 2 41 41 23

Part 6 - Change of legal status2

2

An application involving only a simple change of legal status for the purposes of FEES 3.2.7 R, FEES 3.2.7R (y),14FEES 3.2.7R (za)7, FEES 3.2.7 R (zg) and FEES 3.2.7 R (zh)14 is from an applicant:

2 41 23

(1) which is a new legal entity intending to carry on the business, using the same business plan, of an existing firm with no outstanding regulatory obligations cancelling its Part 4A permission or14 authorisation or registration under the Payment Services Regulations or the Electronic Money Regulations,147 and

(2) which is to:

(a) have the same or narrower permission, scope of authorisation or registration under the Payment Services Regulations or Electronic Money Regulations147and the same branches (if any), as the firm;

(b) assume all of the rights and obligations in connection with any of14 the regulated activities,14payment services7 and electronic money issuance14 carried on by the firm;

(c) continue the same compliance arrangements and compliant client asset and client money procedures, as the firm, subject to any changes required only as a result of the change of legal status;

(d) continue with a risk profile and arrangements for controlling and monitoring risk which will not be materially different from those of the firm; and

(e) have the individuals within the firm that are responsible for insurance distribution activity28 perform the same role for the applicant.

Part 7 - Change of legal status - sponsors fees

15An application involving only a simple change of legal status for the purposes of FEES 3.2.7R Part 2(1)(b)24 is from an applicant:

(1) which is a new legal entity intending to carry on the business of an existing sponsor (as defined in the listing rules) in respect of which the FCA does not currently require, and is not proposing to require, remedial action relating to any aspect of its provision of sponsor services); and

(2) which (subject to any changes required only as a result of the change in legal status) is to:

(a) assume all of the rights and obligations in connection with any of the sponsor activities of the existing sponsor under the listing rules;

(b) make no changes to the systems and controls of the existing sponsor which ensure that the existing sponsor can carry out its role as sponsor in accordance with LR 8 (Sponsors: Premium listing);

(c) have the individuals within the existing sponsor that are engaged in the provision of sponsor services engaged in the same role for the applicant; and

(d) otherwise continue to comply in all respects with the criteria for approval as a sponsor set out in LR 8.6.5 R.

FEES 3 Annex 2 Application and notification fees payable in relation to collective investment schemes, ELTIFs, money market funds and AIFs marketed in the UK654

R

Legislative provision

Nature and purpose of fee

Payable by

Amount of fee (£) 4

4

Umbrella factor (note 1) 1

1

Part 1 [deleted]1

1

[deleted]1

1

[deleted]1

1

[deleted]1

1

[deleted]1

1

[deleted]1

1

[deleted]1

1

[deleted]1

1

[deleted]1

1

[deleted]1

1

[deleted]1

1

[deleted]1

1

[deleted]1

1

[deleted]1

1

[deleted]1

1

[deleted]1

1

Part 2 Application fees payable for firms to be subject to COLL

Regulation 12 of the OEIC Regulations1

This section applies to funds where an application is also made to be authorised under the Money Market Funds Regulation.6

1

On application for an order declaring a scheme to be an ICVC, where the scheme is:

An applicant

2

UCITS scheme

1,200

Non-UCITS retail scheme

1,500

Qualified investor scheme

2,400

Section 242 of the Act

This section also applies to funds where an application is also made to be authorised under the Money Market Funds Regulation6

On application for an order declaring a scheme to be an AUT, where the scheme is:

An applicant

22

UCITS scheme

1,200

Non-UCITS retail scheme

1,500

Qualified investor scheme

2,400

2 Section 261C of the Act

This section also applies to funds where an application is also made to be authorised under the Money Market Funds Regulation6

On application for an order declaring a scheme to be an ACS, whether it is established as a co-ownership scheme or a limited partnership scheme, where the scheme is a:

An applicant

2

UCITS scheme

1,200

6

non-UCITS retail scheme

1,500

6

qualified investor scheme

2,400

6

Section 272 of the Act

On application for an order declaring a scheme to be recognised where the scheme is:3

3

An applicant

 3 3

3an EEA AIF equivalent to a non-UCITS retail scheme

1,5003

23

3an EEA AIF equivalent to a qualified investor scheme

2,4003

23

3a non-EEA AIF equivalent to a non-UCITS retail scheme or a qualified investor scheme

8,0003

23

Where funds of any kind set out in Part 2 exist prior to 21 July 2018, a flat fee will be payable on an application for authorisation under the Money Market Funds Regulation6

3006

Part 2A Application fees payable for firms applying for a UK AIF to be authorised under the ELTIF regulation 5

Article 5 of the ELTIF regulation5

On application for an AIF to be authorised under the ELTIF regulation5

An applicant5

2,4005

25

6Part 2B Application fees payable for UK or non-EEA firms applying for authorisation under article 5 of the Money Market Funds Regulation

Article 5 of the Money Market Funds Regulation

UK AIF (apart from those authorised as a non-UCITS retail scheme or a qualified investor scheme)

500

Non-EEA AIF which is marketed in the UK/EEA without a passport

750

Non-EEA AIF which is marketed in the UK/EEA with a passport or is not marketed in the UK/EEA

500

Non-EEA AIF which is not managed by an EUAIFM but is marketed in the UK/EEA with a passport

750

Part 3 (notifications)

Section 264 of the Act

On giving notice under section 264 of the Act

The operator

600

23

4Part 4 (Alternative Investment Funds: fees payable for making a notification to the FCA to market an AIF)

4Regulation 57 of the AIFMD UK regulation

On giving notice under regulation 57 of the AIFMD UK regulation

the AIFM

250 per AIF

N/A

4Regulation 58 of the AIFMD UK regulation

On giving notice under regulation 58 of the AIFMD UK regulation

the AIFM

125 per AIF

N/A

4Regulation 59 of the AIFMD UK regulation

On giving notice under regulation 59 of the AIFMD UK regulation

the AIFM

250 per AIF

N/A

The fees in this Part are payable in addition to any other authorisation application fees.6

6Part 5 (Administration fee for money market funds that exist prior to 21 July 2018 which need to apply for authorisation by the FCA by 21 January 2019)

Article 4 of the Money Market Funds Regulation

On application by an existing money market fund which from 21 July 2018 seeks to be authorised under the Money Market Funds Regulation

21 July 2018

300

2

Notes:

1.

For an umbrella1 the fee is multiplied by the factor shown in the final column of the table.

1

FEES 3 Annex 3 1 1 10 2Application fees payable in connection with Recognised Investment Exchanges and Recognised Auction Platforms

R

Description of applicant

Amount payable

Due date

Part 1 (UK recognised bodies)

Applicant for recognition as a UK RIE

100,000

Date the application is made

1Applicant for recognition as an RAP (payable in addition to any other application fee due under this part)

35,000

Date the application is made2

[deleted]4

2 3 3 3

[deleted]4

3

Additional fees for a UK RIE1 applicant who proposes to:

10

- offer safeguarding and administration services

25,000

Date the application is made

- use substantially new and untested information technology systems in the performance of its relevant functions

25,000

Date the application is made

Part 2 (ROIEs10)

10

Applicant for recognition as a recognised overseas investment exchange

50,000

Date the application is made

Additional fees for applicant who proposes to:

- offer safeguarding and administration services

25,000

Date the application is made

FEES 3 Annex 6 1Fees payable by a BIPRU firm for a permission or guidance on its availability in connection with the BCD and/or CAD6

R

3 2Part 1

In relation to a BIPRU firm, fees6 payable other than in relation to the 4counterparty credit risk internal model method.1

6 1 4 1

(1) Paragraphs (2) and (3) deal with an application made to theFCA6 rather than a request for assistance under the Capital Requirements Regulations 2006 (transposing parts of the BCD and CAD, as applicable under article 95(2) of the EUCRR).6

(2) 4For firms falling into a group (Group 1) in which there are 4five or more significant overseas entities to which the application relates and the application is for permission to use one of the advanced prudential calculation approaches listed in Tables 1 or 2 or guidance on the availability of such a permission4 the fees in Table 1 are applicable.

(3) For all other firms the fees in Table 2 are applicable.4

(4)

[deleted]6

(5) If the application or request for assistance under the Capital Requirements Regulations 2006 (transposing parts of the BCD and CAD, as applicable under article 95(2) of the EUCRR)6 is in relation to the use of the advanced IRB approach and the FCA6 (in the case of (2) or (3)) or the relevant Home State regulator6 (in the case of (4)) has already granted permission for the use of the foundation IRB approach at the time of the application then Table 3 applies.4

(6) All fees are shown in £.6

6 4 4 4 6 6 6 6

Table 1

Application group

Description of group

Application fee 2

2 3 4 5

Advanced IRB ('000)

Foundation IRB ('000)

AMA ('000)

Group 1

Five or more significant overseas entities as described in more detail in the definition of Group 1 in the introduction to Part 1 of this Annex4

4

2684

3 3 4

2324

2 3 4

1814

2 3 4

Table 2

Application group

Description of group

Application fee 2

2 3 4 5

Modified eligible liabilities (m)

Number of traders as at the 31 December prior to the FCA's6 fee year 10 in which the fee is payable5

2 3 4 5 10 6 10

Advanced IRB ('000)

Foundation IRB ('000)

AMA ('000)

Group 2

>40,000

>200

2324

2 3 4

1984

2 3 4

1464

2 3 4

Group 3

>5,000 - 40,000

26 - 200

944

2 3 4

724

2 3 4

514

2 3 4

Group 4

0 - 5,000

0 - 25

424

2 3 4

304

2 3 4

244

2 3 4

(1)

[Deleted]4

4

(2)

For the purposes of Table 2, a firm's A.1 or A10 tariff data for the relevant period will be used to provide the value of modified eligible liabilities or number of traders.

4Table 3 (Advanced IRB approach where the FCA6 or Home State regulator has already given permission to use the foundation IRB approach)

6

Application group

Advanced IRB Application fee ()

5

Group 1

67,000

Group 2

58,000

Group 3

23,500

Group 4

10,500

The four application groups have the same meaning as they do in Tables 1 and 2.

2Part 2

Fees payable in relation to4 the counterparty credit risk internal model method.1

54,000

1 4 1 3 4 4

FEES 3 Annex 6A Fees payable for a permission or guidance on its availability in connection with the EU CRR

R

1Part 1

Fees payable in relation to internal approaches that require permission under Part Three of the EUCRR other than the internal model method for counterparty credit risk.

(1) Subject to (3), for applications made to the 2FCA to authorise a new internal approach:

(i) where the application relates to 2IFPRU investment firms

and to five or more significant overseas entities within the same group (Group 1) and the application is for a permission to use one of the internal approaches in Tables 1 or 2 or guidance on the availability of such a permission, the fees in Table 1 are applicable; and

(ii) for all other 2IFPRU investment firms the fees in Table 2 are applicable.

(2) 2[deleted]

(3) If however the application or request for assistance is in relation to the use of the Advanced IRB approach and the 2FCA (in the case of (1)) has already granted permission for the use of the Foundation IRB approach then 2Table 3 applies.

(4) References to the internal approaches in Tables 1, 2 and 3 are to be construed as follows:

(i) Foundation IRB means the internal approach for credit risk referred to in article 143(1) of the EUCRR;

(ii) Advanced IRB means the internal approach for credit risk referred to in article 151(4) and (9) of the EUCRR; and

(iii) AMA means the internal approach for operational risk referred to in article 312(2) of the EUCRR.

(5) All fees are shown in £.

2 2 2 2 2 2 2 2 2

Table 1

Application group

Description of group

Application fee

Advanced IRB (‘000)

Foundation IRB (‘000)

AMA (‘000)

Group 1

Five or more significant overseas entities as described in more detail in the definition of Group 1 in the introduction to Part 1 of this Annex

268

232

181

Table 2

Application group

Description of Group

Application fee

Modified eligible liabilities (m)

Number of traders as at 31 December prior to the 2FCA's2fee year in which the fee is payable

2 2

Advanced IRB (‘000)

Foundation IRB (‘000)

AMA (‘000)

Group 2

>40,000

>200

232

198

146

Group 3

>5,000 - 40,000

26 - 200

94

72

51

Group 4

0-5,000

0 - 25

42

30

24

(1) For the purposes of Table 2, a firm's A.1 or A10 tariff data for the relevant period will be used to provide the value of modified eligible liabilities or number of traders.

Table 3 (Advanced IRB approach where the 2FCA or consolidating supervisor has already given permission to use Foundation IRB)

2

Application group

Advanced IRB Application fee

Group 1

67,000

Group 2

58,000

Group 3

23,500

Group 4

10,500

The four application groups have the same meaning as they do in Tables 1 and 2.

FEES 3 Annex 8 Fees payable for authorisation as an authorised payment institution or registration as a small payment institution, including notification fees, 2 in accordance with the Payment Services Regulations

R

1Authorisation and registration fees payable

Application type for authorisation, registration and notification 2under Part 2 of the Payment Services Regulations

2

Amount payable

(1) small payment institution

500

(2) authorised payment institution - where the applicant is applying for authorisation to provide payment services in paragraph(s) (f) (money remittance) and/or (g) (payment initiation services) and/or (h) (account information services) 3of Part 1 of Schedule 1 to the Payment Services Regulations

1,500

3(2)(i) registered account information service provider - where the applicant is applying for registration to provide payment services in paragraph (h) (account information services) of Part 1 of Schedule 1 to the Payment Services Regulations only

31,500

(3) authorised payment institution - where the applicant is applying for authorisation to provide payment services in any one or more of paragraph(s):

(a) (enabling 3cash to be3 placed on payment account and all operations required for operating a payment account)3;

(b) (enabling 3cash withdrawals 3from a payments account and all operations required for operating a payment account)3;

(c) (execution of direct debts, payment transactions executed through a payment card or similar device, credit transfers)3;

(d) (execution of payment transactions where the funds are covered by a credit line for the payment service user)3;

(e) (issuing payments instruments or acquiring payment transactions3)

of Part 1 of Schedule 1 to the Payment Services Regulations.

5,000

(4) authorised payment institution - where, at the time the application is made, the applicant intends to use agents2

2

3 for each agent registered with the FCA at the time of application.

This fee is in addition to any fee due under paragraph (2) or (3) of this table.2

2

(5) authorised payment institution - where, during the course of the FCA financial year (12 months ending 31 March), the firm notifies the FCA of any changes to the list of agents it has registered since authorisation2

2

3 for each change notified to the FCA during the FCA financial year.

No fee is due under paragraph (5) if the total number of notifications to the FCA during the FCA financial year numbers 100 or less.2

2

3(6) A person (service provider) - where, during the course of the FCA financial year (12 months ending 31 March) that person notifies the FCA under regulation 38 of the Payment Services Regulations of its use of the limited network exclusion

3300

3 If the FCA determines that the claim for exemption is not valid and the business must apply for authorisation or registration, then the latest exemption charge paid by the business will be deducted from the relevant application fee.

3(7) A person (service provider) – where, during the course of the FCA financial year (12 months ending 31 March), that person notifies the FCA under regulation 39 of the Payment Services Regulations of its use of the electronic communications exclusion

3200

3If the FCA determines that the claim for exemption is not valid and the business must apply for authorisation or registration, then the latest exemption charge paid by the business will be deducted from the relevant application fee.

3Note: See FEES TP 17 for transitional provisions relating to fees payable for authorisation as an authorised payment institution or registration as a small payment institution under the Payment Services Regulations 2017 (SI 2017/752).

FEES 3 Annex 9 Special Project Fee for restructuring

R

2(1) R

The Special Project Fee for restructuring (the SPFR) is only payable by a person in one of the following categories:

(a)

if that person falls within8 any of the A, CC1, CC2 and CMC8 fee-blocks (as defined in Part 1 of FEES 4 Annex 1A6R; or

12 12 6

(b)

if that person falls within8 fee-block G.3 or G.108 (as defined in FEES 4 Annex 11); or

(c)

[deleted]8

(d)

[deleted]12

12

(e)

if that person falls within8 any of the B fee-blocks (as defined in Part 1 of FEES 4 Annex 1A6R6).

12 12 6

(2) R

The SPFR becomes payable by a person falling into (1)(a) or (b) if it engages in, or prepares to engage in, activity which involves it undertaking or making arrangements with a view to any of the following:

(a)

raising additional capital; or

(b)

a significant restructuring of the firm or the group to which it belongs, including:

(i) mergers or acquisitions;

(ii) reorganising the firm'sgroup structure; 7

(iii) reattribution;7

(iv) a significant change to the firm’s business model; and7

(v) a significant internal change programme.7

(c)

a scheme of arrangement under Part 26 of the Companies Act 2006 in respect of that person.8

(3) R

No SPFR is payable under (2) if the transaction only involves the firm seeking to raise capital within the group to which it belongs.

(4) R

Where the transaction in (2) involves raising capital outside the group to which the firm belongs, any SPFR in relation to that transaction is only payable by the largest firm in that group. The largest firm is the one that pays the highest periodic fee in the fee year in which the bill is raised. For the purpose of the calculation in (9), all time spent and fees and disbursements incurred in relation to the group are added together.

11 11 6 11 11 6

(5) R

The definition of group is limited for the purposes of calculating the SPFR to parent undertakings and their subsidiary undertakings.

(6) R

The SPFR also becomes payable by any person falling into (1) if any of the following circumstances apply to it:

(a)

an insolvency order is in effect as respects the person or the person is being voluntarily wound up or steps are being taken for the making of an insolvency order or voluntary winding up of, or with respect to, the person by someone entitled to take such steps; or

(b)

the Bank of England or the Treasury have exercised a stabilisation power in respect of the person under the Banking Act 2009.

(7) R

In (6):

(a)

references to an insolvency order or winding up include the equivalent process in any jurisdiction outside the United Kingdom; and

(b)

references to an insolvency order include such an order made under the Banking Act 2009.

12(7A)R

6The FCA will levy its own SPFR separate to any levy issued by the PRA and this may be in relation to the same event or circumstance.

6

(8) R

No7 SPFR is payable to6the FCA:

4 4 12 6

(a)

if the amount calculated in accordance with (9) in relation to the regulatory work conducted by the 6FCA6totals less than £50,000 in the case of an FCA-authorised person or £25,000 in the case of a PRA-authorised person7; or

12 6 6

(b)

for time spent giving guidance to the person in relation to the same matter if the 6FCA has charged that person for that guidance.

6

(9) R

The SPFR for the 6FCA is calculated as follows:

12 6

(a)

Determine the number of hours, or part of an hour, taken by the 6FCA7 in relation to regulatory work conducted as a consequence of the activities referred to in (2) or (6).

6 4

(b)

Next, multiply the applicable rate in the table at (11) by the number of hours or part hours obtained under (a).

(c)

Then add any fees and disbursements invoiced to the 6FCA by any person in respect of services performed by that person for the6FCA in relation to assisting the6FCA in performing the regulatory work referred to in (a).

6 6 6

(d)

The resulting figure is the fee.

(e)

The number of hours or part hours referred to in (a) are the number of hours or part hours as recorded on the 6FCA's systems in relation to the regulatory work referred to in (a).

(10) R

The first column in the table at (11) sets out the relevant pay grades of those employed by the 6FCA and the second column sets out the hourly rates chargeable in respect of those pay grades.

6

(11) R

Table of FCA12 hourly rates:

FCA12 pay grade

12

Hourly rate 6(£)

6

Administrator

457

3 3

Associate

757

3 3

Technical Specialist

1307

3 3

Manager

1457

3 3

Any other person employed by the FCA12

12

2557

3 3

6(11A) R

12

6[deleted]

6

6

6

5 5 6

6

6

5 5 6

(12) G

The obligation to pay the SPFR is ongoing. Accordingly, there is no limitation on the number of times that the 6FCA may invoice a person for the SPFR in relation to the same events or circumstances referred to in (2) or (6). If the 6FCA does so, there is a single floor under (8)(a) and not a separate one for each instalment. Therefore, for example, if a person is subject to an administration order, the 6FCA may invoice the person on a periodic basis for all the related regulatory work, but may only do so once the total fee (including disbursements) equals 50,000.

6 6 6

(13) G

If the SPFR is payable, the full amount calculated under (9) is payable not just the excess over £50,000 or £25,0007.

(14) G

The SPFR is a single fee. Therefore the SPFR may be payable under both (2) and (6). If it is payable under both, there is only a single floor under (8)(a), not two separate ones.

FEES 3 Annex 10 Fees payable for authorisation as an authorised electronic money institution or registration as a small electronic money institution or variation thereof, including notification fees, 2 in accordance with the Electronic Money Regulations

FEES 3 Annex 10 R

Authorisation, registration and variation fees payable

1Application type for authorisation, registration, variation or notification under Part 2 of the Electronic Money Regulations2

2

Amount payable

(1) small electronic money institution

1,000

(2) authorised electronic money institution

5,000

2(3) electronic money institution - where, at the time the application is made, the applicant intends to use agents

3 for each agent registered with the FCA at the time of application.

This fee is in addition to any fees due under paragraph (1) or (2) of this table.

2(4) electronic money institution - where, during the course of the FCA financial year (12 months ending 31 March), the firm notifies the FCA of any changes to the list of agents it has registered since its authorisation

3 for each change notified to the FCA during the FCA financial year.

No fee is due under paragraph (4) if the total number of notifications to the FCA during the FCA financial year numbers 100 or less.

FEES 3 Annex 10A Fees payable for registration as a CBTL firm under article 9 of the MCD Order

FEES 3 Annex 10A R

2Application type for registration under article 9 of the MCD Order

Amount payable

(1) An applicant who, at the time of application, holds a Part 4A permission or interim permission and has not had a registration as a CBTL firm revoked under article 13 of the MCD Order.

£100

(2) An applicant who, at the time of application,

(a) does not hold a Part 4A permission or interim permission; or

(b) has previously held a registration as a CBTL firm which was revoked under article 13 of the MCD Order

£500

FEES 3 Annex 10B Designated Credit Reference Agencies and Finance Platforms Fee 1

(1)

R

The Designated Credit Reference Agencies and Finance Platform Fee1 (the “DCRFP1”) is only payable by a designated credit reference agency or a designated finance platform1.

(2)

R

The DCRFP 1becomes payable by a person falling into (1) if the FCA conducts regulatory work connected to:

(a)

breaches or potential breaches by that person of requirements under the Small and Medium Sized Business (Credit Information) Regulations or the Small and Medium Sized Business (Finance Platform) Regulations1.

(b)

whether the person has or may have committed an offence of misleading the FCA under regulation 34 of the Small and Medium Sized Business (Credit Information) Regulations or regulation 31 of the Small and Medium Sized Business (Finance Platforms) Regulations1.

(3)

R

A person falling into (1) is not required to pay the DCRFP 1if the amount calculated in accordance with (4) for the FCA’s regulatory work described at (2)(a) and/or (b) is less than £10,000.

(4)

R

The DCRFP 1is calculated as follows:

(a)

Determine the number of hours, or partial hours, taken by the FCA in performing the regulatory work described at (2)(a) and/or (b).

(b)

Use the table at FEES 3 Annex 9(11)R to determine the relevant pay grades of those employed by the FCA to perform the regulatory work described at (2)(a) and/or (b).

(c)

Next, multiply the applicable pay grade rate in the table at FEES 3 Annex 9(11)R by the number of hours or part hours obtained under (a).

(d)

Then add any fees and disbursements invoiced to the FCA by any person in respect of services performed by that person for the FCA in relation to assisting it in performing the regulatory work referred to in 2(a) and/or (b).

(e)

The resulting figure is the DCRFP1.

The number of hours or partial hours referred to in (4)(a) are the number of hours or partial hours as recorded on the FCA’s systems in relation to the regulatory work referred to in (2)(a) and/or (b).

(5)

G

The hourly rates chargeable for the FCA pay grades are set out in the table at FEES 3 Annex 9(11)R Special Project Fee for Restructuring.

(6)

G

(a)

The obligation to pay the DCRFP 1is ongoing. There is therefore no limit on the number of times that the FCA may invoice a person falling into (1) for the DCRFP 1for the same regulatory work described at (2)(a) and/or (b).

(b)

If the FCA issues more than one invoice, there is a single floor under (3) and not a separate one for each instalment.

(7)

G

If the DCRFP 1is payable, the full amount calculated under (4) is payable; not just the excess over £10,000.

(8)

G

The FCA shall provide any person falling into (1) with written notice that it is performing regulatory work described at 2(a) and/or (b) which is likely to exceed £10,000 calculated in accordance with (4) as soon as is reasonably practicable.

FEES 3 Annex 10C PPI campaign fees

FEES 3 Annex 10CR R

1

(1)

R

(1)

A firm must pay a PPI campaign fee calculated in accordance with (2) if it has:

(a)

reported over 100,000 complaints cumulatively under question 17(A) (payment protection insurance – advising, selling and arranging) of the complaints return form in DISP 1 Annex 1R; and

(b)

reported those complaints from 1 August 2009 up to and including 1 August 2015.

(2)

The PPI campaign fee is calculated by multiplying the number of complaints cumulatively reported to the FCA under question 17(A) of DISP 1 Annex 1R for the firm from 1 August 2009 up to and including 1 August 2015 by £3.64.

(2)

R

(1)

A firm’s PPI campaign fee will be a proportion of the total amount of costs the FCA has estimated it will incur in running the consumer communications campaign highlighting the introduction of the two-year PPI complaints deadline.

(2)

(a)

The FCA will invoice the PPI campaign fee in equal amounts over two years.

(b)

The FCA will invoice the first part of the fee during the month following FEES 3 Annex 10C coming into force and will invoice the second part one calendar year later.

(3)

The FCA will write to each firm that meets the test at FEES 3 Annex 10C(1)R(1) before sending out its first invoice, setting out:

(a)

the number of complaints reported to the FCA under question 17(A) of DISP 1 Annex 1R for that firm from 1 August 2009 up to and including 1 August 2015; and

(b)

the basis on which it has calculated the PPI campaign fee for that firm.

(4)

Any amounts raised that are in excess of the actual cost of the PPI consumer communications campaign will be refunded to fee payers under FEES 3 Annex 10C on a pro rata basis.

(3)

R

References in this annex to question 17A in the complaints return form at DISP 1 Annex 1R are to that question as it existed on 1 August 2015, and to any corresponding question in previous versions of that form.

FEES 3 Annex 11 4Guidance on fees due under FEES 3 Annex 1R, FEES 3 Annex 3R, FEES 3 Annex 8R, FEES 3 Annex 10R, FEES 3.2.7R(p), FEES 3.2.7R(s) and FEES 3.2.7R(ze)

G

3

1 2 4 2 4 2

3Part 1 This Part applies to the following:

(1)

  1. (a) FCA-authorised persons, PRA-authorised persons and persons seeking to become FCA-authorised persons or PRA-authorised persons that pay application fees under FEES 3 Annex 1R, FEES 3 Annex 3R, FEES 3 Annex 8R and FEES 3 Annex 10R; or

  2. (b) a firm seeking a variation of its Part 4A permission which pays an application fee under FEES 3.2.7R(p).

(2) The following table sets out guidance on how a person liable to pay both a fee mentioned in (1) above and also in FEES 3.2.7R(ze) for the same transaction, should expect to be treated.

(A)

The person is liable to pay the fees referred to in (1). However, it may also be liable to pay the Special Project Fee for restructuring set out in FEES 3.2.7R(ze), calculated in accordance with FEES 3 Annex 9. It is possible then for a person to have to pay two types of fees in respect of the same application.

(B)

Where the situation described in (A) arises, the FCA will consider whether to reduce or remit a fee under FEES 2.3 (Relieving Provisions).

3Part 2 The following table sets out guidance on how a firm is liable to pay a fee under both FEES 3.2.7R(s) and FEES 3.2.7R(ze) for the same transaction should expect to be treated.

  1. (1) The transferor in insurance business transfer schemes is liable to pay the fee set out in FEES 3.2.7R(s). However, it may also be liable to pay the Special Project Fee for restructuring set out in FEES 3.2.7R(ze), calculated in accordance with FEES 3 Annex 9. It is possible then for a firm to have to pay two types of fees in respect of the same insurance business transfer scheme.

  2. (2) Where the situation described in (1) arises, the FCA will consider whether to reduce or remit a fee under FEES 2.3 (Relieving Provisions).

FEES 3 Annex 12 UKLA transaction fees

R

1

Category

Fee payable (£)

A1

0

A2

2,000

A3

5,000

A4

15,000

A5

20,000

A6

50,000

For the purposes of FEES 3 Annex 12R:

Category A1 includes:

  1. (a) applying for eligibility for listing of securities under LR 17; or

  2. (b) applying for eligibility for listing of miscellaneous securities under LR 20; or

  3. (c) applying for eligibility for listing of equity shares where LR 6.1.1R(1) or (2)3 applies; or

  4. (ca) applying for eligibility for listing of equity shares where LR 21.2.5R(1) or (2) applies; or4

  5. (cb) applying for eligibility for listing of certificates representing shares where LR 21.6.13R(1) or (2) applies; or4

  6. (d) applying for approval as a primary information provider; or

  7. (e) applying for the approval of a material change to the published investment policy of a closed-ended investment fund under LR 15.4.8R; or

  8. (f) [deleted]5; or

  9. (g) applying for the approval of:

    1. (i) a supplementary prospectus; or

    2. (ii) supplementary listing particulars; or

    3. (iii) a securities note; or

    4. (iv) a summary;

Category A2 includes:

  1. (a) applying for the approval of:

    1. (i) a prospectus in relation to non-equity transferable securities; or

    2. (ii) a registration document in relation to non-equity transferable securities; or

    3. (iii) listing particulars in relation to non-equity transferable securities;

  2. (b) where an issuer has a market capitalisation of less than £500 million:

    1. (i) applying for the approval of a prospectus in relation to equity securities; or

    2. (ii) applying for the approval of a registration document in relation to equity securities; or

    3. (iii) applying for the approval of listing particulars in relation to equity securities; or

    4. (iv) [deleted]5;

    5. (v) applying for the approval of a universal registration document;5

  3. (c) submitting a circular for approval; or

  4. (d) where an issuer is a closed-ended investment fund:

    1. (i) applying for the approval of a prospectus in relation to equity securities; or

    2. (ii) applying for the approval of a registration document in relation to equity securities; or

    3. (iii) applying for the approval of listing particulars in relation to equity securities; or

    4. (iv) [deleted]5; or

    5. (v) applying for the approval of a universal registration document; or5

  5. (e) where an issuer is an open-ended investment company2, applying for the approval of listing particulars;

Category A3 includes:

  1. (a) applying for eligibility for listing of equity shares under LR 15; or

  2. (b) applying for eligibility for listing of equity shares under LR 16; or

  3. (c) applying for approval as a sponsor following a change in legal status;

Category A4 includes:

  1. (a) applying for eligibility for listing of equity shares under LR 6; or

  2. (b) applying for eligibility for listing of shares under LR 14; or

  3. (c) applying for eligibility for listing of securities representing certain securities under LR 18; or

  4. (d) applying for eligibility for listing of securities under LR 19; or

  5. (da) applying for eligibility for listing of equity shares under LR 21; or4

  6. (db) applying for eligibility for listing of certificates representing shares under LR 21; or4

  7. (e) applying for the approval of:

    1. (i) a prospectus in relation to equity securities; or

    2. (ii) a registration document in relation to equity securities; or

    3. (iii) listing particulars in relation to equity securities;

  8. (f) ) applying for the approval of a universal registration document5; or

  9. (g) applying for the approval of a document that includes a mineral expert’s report; or

  10. (h) applying for approval as a sponsor;

Category A5 includes applying for the approval or review of a document in relation to a significant transaction; and

Category A6 includes applying for the approval or review of a document in relation to a super transaction.