FEES 3 Annex 2 Application and notification fees payable in relation to collective investment schemes, LTIFs, money market funds and AIFs marketed in the UK654
Legislative provision |
Nature and purpose of fee |
Payable by |
Applicable pricing category in FEES 3 Annex 1AR 44 |
Umbrella factor (note 1)1 1 |
Part 1 [deleted]1 1 |
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[deleted]1 1 |
[deleted]1 1 |
[deleted]1 1 |
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Part 2 Application fees payable for firms to be subject to COLL |
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(1)9 Regulation 12 of the OEIC Regulations, application for order declaring a scheme to be an ICVC 116 |
An applicant |
2 |
||
49 |
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49 |
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59 |
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59 8 |
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9(2) Section 242 of the Act, application for order declaring a scheme to be an AUT 9(3) Section 261C of the Act, application for order declaring a scheme to be an ACS, whether it is established as a co-ownership scheme or a limited partnership scheme 9(1), (2) and (3) also apply to funds where an application is also made to be authorised under the Money Market Funds Regulation 6 |
On application for an order declaring a scheme to be an AUT, where the scheme is a8: |
An applicant |
22 |
|
49 |
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49 |
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59 |
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59 8 |
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2Section 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 |
|
49 6 |
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49 6 |
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59 6 |
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59 8 |
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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 |
| 3 | 3 | 3 | ||
| 3 | 3 | 3 | ||
a non-UK AIF or AIF7 equivalent to a UK UCITS,7 non-UCITS retail scheme, a qualified investor scheme or a long-term asset fund 3 |
69 3 |
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 |
19 6 |
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Part 2A Application fees payable for firms applying for a UK AIF to be authorised under the ELTIF regulation 5 |
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Article 5 of the ELTIF regulation5 |
On application for an AIF to be authorised under the ELTIF regulation5 |
An applicant5 |
59 5 |
25 |
6Part 2B Application fees payable for UK or non-EEA firms applying for authorisation under article 5 of the Money Market Funds Regulation |
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Article 5 of the Money Market Funds Regulation |
UK AIF (apart from those authorised as a non-UCITS retail scheme, a qualified investor scheme or a long-term asset fund)8 7 |
29 |
||
Non-UK AIF7 which is marketed in the UK7 |
39 |
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Non-UK AIF7 which is not marketed in the UK7 |
29 |
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Non-UK AIF7 which is not managed by an AIFM but is marketed in the UK7 |
39 |
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Part 3 (notifications) |
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Section 264 of the Act |
On giving notice under section 264 of the Act |
The operator |
39 |
23 |
| 3 | ||||
4Part 4 (Alternative Investment Funds: fees payable for making a notification to the FCA to market an AIF) |
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9Regulation 10 of the AIFMD UK regulation |
Application for registration on the register of small registered UK AIFMs |
the AIFM |
3 |
N/A |
4Regulation 57 of the AIFMD UK regulation |
On giving notice under regulation 57 of the AIFMD UK regulation – price payable per AIF9 |
the AIFM |
19 |
N/A |
4Regulation 58 of the AIFMD UK regulation |
On giving notice under regulation 58 of the AIFMD UK regulation – price payable per AIF9 |
the AIFM |
19 |
N/A |
4Regulation 59 of the AIFMD UK regulation |
On giving notice under regulation 59 of the AIFMD UK regulation – price payable per AIF9 |
the AIFM |
19 |
N/A |
The fees in this Part are payable in addition to any other authorisation application fees.6 |
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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) |
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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 |
19 |
2 |
Notes: |
|
1. |
For an umbrella1 the fee is multiplied by the factor shown in the final column of the table. 1 |