FEES App 3.1 Fees for persons registered under the Money Laundering Regulations

Application and periodic fees

FEES App 3.1.1G

1Regulation 102 of the Money Laundering Regulations provides the FCA with the power to charge fees to MLR persons to recover the cost of carrying out its functions under those regulations. The FCA charges a fee for registration forms submitted to it. The FCA will also charge an annual periodic fee. These charges are set out in this Appendix.

FEES App 3.1.2

1(1)

Registration fee:

£100

(2)

Periodic fee:

Activity group

Fee-payer falls in the activity group if:

Fee payable in 2017/18

G.1

it is registered with the FCA under the Money Laundering Regulations or any predecessor legislation

£438

[Note: Regulation 102 of the Money Laundering Regulations]

FEES App 3.1.3

2A person making an application to the FCA to be registered as a cryptoasset business must pay to the FCA, in full and without deduction, the fee specified in FEES Appendix 3.1.4. An application for registration will be treated as incomplete and the FCA will not issue a decision until the relevant fee is paid in full.

FEES App 3.1.4

2(1)

Registration fee:

Cryptoasset business with revenue up to and including £250,000

£2000

Cryptoasset business with revenue over £250,000

£10,000

[Note: Regulation 102 of the Money Laundering Regulations]