FEES TP 1 Transitional Provisions

1.

FEES 3.2.7 R(p)

R

A firm does not have to pay a fee if:

2 October 2006 to 5 April 2007

1 June 2006

(1)

it is seeking only to increase the scope of its permission to include:

(a)

establishing, operating or winding up a personal pension scheme; or

(b)

(if the firm is in activity group A12 or A13) the designated investments:

(i)

personal pension scheme; or

(ii)

rights to or interests in a personal pension scheme, and

(2)

it was, as at 1 October 2006, carrying on what would become on 6 April 2007:

(a)

the regulated activity in (1)(a), or

(b)

a regulated activity in relation to the designated investments in (1)(b).

2.

FEES 4 Annex 1 R Part 3, Activity group A9 (operators, trustees and depositaries of collective investment schemes)

R

References to gross income received in connection with operating a personal pension scheme or a stakeholder pension scheme include gross income received in connection with operating a personal pension scheme or a stakeholder pension scheme before 6 April 2007, if and to the extent that, if the same activities had been carried out in relation to the same scheme on 6 April 2007 those activities would have amounted to operating a personal pension scheme or a stakeholder pension scheme.

From 6 April 2007 to 30 April 2008

6 April 2007

23.

FEES 4 Annex 1 R Part 3, Activity group A2

Any reference to the number of home purchase plans and/or home reversion plans must be read as including any home purchase plan or home reversion plan entered into or administered before 6 April 2007, as relevant, which would be a home purchase plan or a home reversion plan if entered into or administered on or after 6 April 2007.

From 6 April 2007 - 30 April 2008

6 April 2007

34.

FEES 4 Annex 1 R, Activity Group A.2

Any reference to the number of regulated sale and rent back agreements must be read as including any sale and rent back agreement entered into or administered before 1 July 2009, as relevant, which would be a regulated sale and rent back agreement if entered into or administered on or after 1 July 2009.

1 July 2009 to 30 June 2010

1 July 2009

45.

FEES 3 Annex 1 R Part 1 and Activity Groups A.2 and A.18

R

The amount payable under FEES 3 Annex 1 R Part 1 is modified as follows:

(a) for an applicant for full RSRB permission within the A.18 activity group who was granted, up until 29 June 2010, an interim RSRB permission within this activity group that was not an interim variation of permission, the specified amount payable is £500;

(b) for an applicant for full RSRB permission within the A.2 activity group who was granted, up until 29 June 2010, an interim RSRB permission within this activity group that was not an interim variation of permission, the specified amount payable is £2,000.

29 January 2010 to 29 June 2010

29 January 2010

46.

FEES 3.2.7R(p)

R

(1) The fee payable under FEES 3.2.7R(p) is modified in relation to a firm applying for any one or more regulated sale and rent back activity as follows.

(2) Unless (3) applies, if the variation involves the firm applying for any one or more regulated sale and rent back activity and that firm was granted, up until 29 June 2010, an interim RSRB permission that was an interim variation of permission, the fee is 50% of the highest of the tariffs set out in FEES 3 Annex 1 R which apply to that application net of any interim RSRB permission application fee paid to the FSA.

(3) If the activity groups applicable to a firm, as specified at Part 1 of FEES 4 Annex 1 R, were not altered when it was granted an interim RSRB permission that was an interim variation of permission and will not alter if it is granted a full RSRB permission, no fee is payable.

29 January 2010 to 29 June 2010

29 January 2010