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FEES TP 17A Transitional provisions for fees relating to benchmark administrators

29/06/2018



(R

(1)(2) Material provision to which transitional provision applies(3)(4) Transitional provision(5) Transitional provision: dates in force(6) Handbook provision: coming into force
17A.1FEES 3.2.7R Part 1 (1) (zza) and FEES 3 Annex 1RR

Where a person:

(a) has authorisation to carry on the regulated activity of administering a specified benchmark (in accordance with article 63O(1)(b) of the Regulated Activities Order) on 29 June 2018;

and

(b) applies for authorisation to carry on the regulated activity of administering a benchmark specified in article 63S of the Regulated Activities Order on or after 29 June 2018,

the application fee payable in respect of its application (b) above, as set out in FEES 3 Annex 1R, will be discounted by the amount paid in respect of its initial application under (a).

If the fee payable in respect of application (b) is lower than that which was paid for the application made in respect of (a), no refund is available.

From 29 June 201829 June 2018
17A.2FEES 4 Annex 1AR, FEES 4 Annex 2AR and FEES 4 Annex 11ARRThese rules as in force from 29 June 2018 apply to a person who has authorisation to carry on the regulated activity of administering a specified benchmark (a benchmark administrator) as if a reference in these rules to a regulated benchmark administrator were a reference to a benchmark administrator until that person becomes authorised under the benchmarks regulation, or ceases to be authorised as a benchmark administrator.From 29 June 201829 June 2018