FEES 3 Annex 15A Guidance on FCA transaction fees

5

Validation orders

For the avoidance of doubt, FEES 3 Annex 9(8)R does not apply to validation order fees, neither to the total fees payable nor to the validation order project fee.

The obligation to pay the validation order project fee is ongoing and the FCA may issue interim invoices. Accordingly, there is no limitation on the number of times that the FCA may invoice an applicant for one validation order application.