FEES 3 Annex 1 Authorisation fees payable

18Application type

Amount payable (£)

(1) Community finance organisations23

(a) [deleted]23

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

Pricing category 1 in FEES 3 Annex 1AR36

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

Pricing category 1 in FEES 3 Annex 1AR36

27(ac) [deleted]36

(b) [deleted]23

(c) [deleted]23

[deleted]36

(d) [deleted]36

(e) [deleted]36

(f) [deleted]36

(3) [deleted]36

(g) [deleted]36

[deleted]36

(h) [deleted]36

(i) [deleted]36

(j) [deleted]36

30(4) [deleted]36

30(k) [deleted]36

30(l) [deleted]36

31(5) [deleted]36

31(m) [deleted]36

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 unions 25(other than where (aa) applies)

150

(c) [deleted]25

25

(2) [deleted]36

(d) [deleted]36

(e) [deleted]36

(f) [deleted]36

(3) [deleted]36

(g) [deleted]36

(h) [deleted]36

(i) [deleted]36

(j) [deleted]36

36A.1

Deposit acceptors (excluding e-money issuers and credit unions) and dormant asset fund operators37

7

36A.2

Home finance providers and administrators

6

A.3

Friendly societies only

436

UK ISPVs36

6 36

Insurers - general (excluding friendly societies and UK ISPVs36

736

A.4

Friendly societies only16

436

Insurers - life (excluding friendly societies) 36

736

36A.5

Managing agents at Lloyd’s

5

36A.7

Portfolio managers

6

36A.9

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

6

16A.10

Firms dealing as principal36

636

A.13

Advisors,20 arrangers, dealers or brokers

436

A.14

Corporate finance advisers

436

A.181

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

436

A.191

General insurance distribution28

436

19A.21

Holding client money or assets or both.

436

36A.23

Carrying on funeral plan distribution

4

36A.23

Carrying out a funeral plan contract as provider

4

36A.23

Carrying out a funeral plan contract as provider and entering as provider into a funeral plan contract

6

29B.

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

436

36B.

Service companies

6

36B.

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.

6

36B.

MTF operators and OTF operators

8

36B.

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

8

36CC1

Credit-related regulated activity – limited permission

2

Not-for-profit debt advice body

No fee payable

36CC2

(1) Credit broking;

(2) Providing credit information services;

(3) Advising on regulated credit agreements for the acquisition of land;

(4) Debt adjusting where limited to:

(i) no debt management plans;

(ii) settlement sale of goods; or

(iii) settlement vehicle finance.

(5) Debt counselling where limited to:

(i) no debt management plans;

(ii) settlement sale of goods; or

(iii) settlement vehicle finance.

3

(1) Debt administration;

(2) Debt collecting;

(3) Entering into a regulated consumer hire agreement as owner;

(4) 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);

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

(6) 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);

(7) Operating an electronic system in relation to lending.

5

CC.2

(1) Debt adjusting except where limited to:

(i) no debt management plans;

(ii) settlement sale of goods; or

(iii) settlement vehicle finance.

(2) Debt counselling except where limited to:

(i) no debt management plans;

(ii) settlement sale of goods; or

(iii) settlement vehicle finance.

(3) 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;

(4) 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;

(5) Providing credit references.

6

CMC

Claims management companies applying only for the permission of seeking out persons who may have a claim.

4

Claims management companies applying for any other permission

6

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

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

(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 Regulations14 7and the same branches (if any), as the firm;

(b) assume all of the rights and obligations in connection with any of14 the regulated activities,14 payment 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.

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 UKLR 24 (Sponsors)38;

(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 UKLR 24.4.5R38.