FEES 3 Annex 6A Fees payable for a permission or guidance on its availability in connection with the UK CRR
1Part 1
Fees payable in relation to internal approaches that require permission under Part Three of the UK CRR43 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 UK CRR43; (ii) Advanced IRB means the internal approach for credit risk referred to in article 151(4) and (9) of the UK CRR43; and (iii) AMA means the internal approach for operational risk referred to in article 312(2) of the UK CRR43. (5) All fees are shown in £. 222222222 |
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 22 |
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. |
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