FEES 3 Annex 16 Fees for an application for variation of permission

1

Reduction in the scope of the applicant’s permissions and no other increases

N/A

Where the application is to increase permissions:

2

Unless (4)-(11) applies, an application for a variation of Part 4A permission within:

(a)

Fee-blocks A.1, A.3, A.4, A.5

Category 1

(b)

Any other fee-block

Category 2

3

The proposed new business falls within an activity group specified in FEES 4 Annex 1R within which the applicant does not already hold any permission

50% of the highest pricing category relevant to the application

4

The proposed new business falls within an activity group specified in FEES 3 Annex 1R within which the applicant does not already hold any permission

50% of the highest pricing category relevant to the application

5

Credit-related permissions

(a)

Activity group CC1 – any applicant which already holds a limited permission and applies for:

(i)

Another limited permission activity

No fee payable

(ii)

Any other credit-related permission

100% of highest pricing category relevant to the application.

(b)

Activity group CC2 – any applicant which already holds a permission within activity group CC2 and applies for another permission within CC2

50% of the highest pricing category

3

6

Any applicant in activity group A.1 which applies for the permissions of meeting of repayment claims or managing dormant asset funds (including the investment of such funds)2

50% of the highest pricing category relevant to the application

7

Credit union applying to vary its permission for:

(a)

credit-related activity

£50

(b)

any other activity

£75

8

Simple change of legal status (see definition in FEES 3 Annex 1R Part 6)

50% of the highest pricing category relevant to the application

9

Application by MTF operator to become an OTF operator or an OTF operator to become an MTF operator

50% of Category 8

10

Notification of the intention of a regulated benchmark administrator to administer benchmarks additional to those included in its original application for authorisation

0