Related provisions for LR 15.5.3
Part 1: Activities
Note: The activity numbers in this table relate to the Regulated Activities in TC App 1.1.1 R. These tables do not cover activities 1, 5, 13A, 13B, 13C, 24, 25 or 26 as these activities do not have a qualification requirement.
Activity Number |
Activity |
Key - extent to which qualification meets qualification requirement |
|
2 |
Advising on securities which are not stakeholder pension schemes, personal pension schemes or broker funds |
(a) |
Meets full qualification requirement on and after, 31 December 2012 |
3 |
Advising on derivatives |
||
4 and 6 |
(4) Advising on retail investment products which are not broker funds and (6) advising on friendly societytax-exempt policies (other than Holloway sickness policies where the Holloway policy special application conditions are met) |
(b) |
Meets full qualification requirement until 31 December 2012. On and after 31 December 2012 this must be combined with qualification gap-fill. This gap-fill constitutes additional structured continuing professional development, which need not be by examination, completed and verified by an accredited body |
12 |
Advising on and dealing in securities which are not stakeholder pension schemes, personal pension schemes or broker funds |
||
13 |
Advising on and dealing in derivatives |
Activity Number |
Activity |
Key - extent to which qualification meets qualification requirement |
|
7 |
Advising on long-term care insurance contracts |
1 or (2 + 3) or (4 + 5 + 6) |
Meets full qualification requirement |
8 |
Advising on investments in the course of corporate finance business |
||
9 |
|||
11 |
Undertaking the activity of a pension transfer specialist |
||
14 and 10 |
Managing investments and/or undertaking the activity of a broker fund adviser |
||
15 |
Overseeing on a day to day basis operating a collective investment scheme or undertaking activities of a trustee or depositary of a collective investment scheme |
||
16 |
Overseeing on a day to day basis safeguarding and administering investments or holding client money |
||
17 |
Overseeing on a day to day basis administrative functions in relation to managing investments: (i) arranging settlement; (ii) monitoring and processing corporate actions; (iii) client account administration, liaison and reporting including valuation and performance measurement; (iv) ISA or CTF administration; (v) Investment trust savings scheme administration. |
||
18 |
Overseeing on a day to day basis administrative functions in relation to effecting or carrying out contracts of insurance which are life policies: (i) new business administration; (ii) policy alterations including surrenders and policy loans; (iii) preparing projections; (iv) processing claims, including pension payments; (v) fund switching |
1 or (2 + 3) or (4 + 5 + 6) |
Meets full qualification requirement |
19 |
Overseeing on a day to day basis administrative functions in relation to the operation of stakeholder pension schemes: (i) new business administration; (ii) receipt of or alteration to contributions; (iii) preparing projections and annual statements; (iv) administration of transfers; (v) handling claims, including pension payments; (vi) fund allocation and switching. |
||
20 |
Advising on a regulated mortgage contract for a non-business purpose |
||
21 |
Advising on equity release transactions |
||
22 |
Designing scripted questions for non-advised sales of14equity release transactions |
||
23 |
Overseeing non-advised sales on a day-to-day basis of equity release transactions |
Part 2: Appropriate Qualifications Tables
Qualification provider |
Qualification |
Activity Number(s) |
Key |
ACI The Financial Markets Association |
ACI Diploma (provided it is accompanied by appropriate qualifications in Regulation and Ethics, Investment Principles and Risk and Personal Taxation) |
2, 3, 12, 13 |
a |
ACI Dealing Certificate when combined with Chartered Institute of Securities and Investment (CISI) Introduction to Securities and Investments and one of the Regulatory units of the Investment Operations Certificate (IOC) |
15, 17 |
4 |
|
ACI Operations Certificate when combined with Chartered Institute of Securities and Investment (CISI) Introduction to Securities and Investments and one of the Regulatory units of the Investment Operations Certificate (IOC) |
|||
Association of Accounting Technicians |
Member |
15, 16, 17, 18, 19 |
4 |
Association of Certified International Investment Analysts (ACIIA) |
CIIA qualification (provided it is accompanied by appropriate qualifications in Regulation and Ethics, Investment Principles and Risk and Personal Taxation) |
2, 3, 12, 13 |
a |
Certified International Investment Analyst (CIIA) |
14 and 10 |
2 |
|
Association of Chartered Certified Accountants |
Member or Affiliate |
8 |
1 |
Fellow or Associate |
15, 16, 17, 18, 19 |
4 |
|
Association of Corporate Treasurers |
Fellow or Associate |
15, 16, 17, 18, 19 |
4 |
Association of International Wealth Management (AIWM) |
Certified International Wealth Manager Diploma (CIWM) |
2, 3, 12, 13 |
a |
14 and 10 |
1 |
||
Blackburn College - University Centre |
Foundation Degree Award in Financial Services |
4 and 6 |
a |
Bournemouth University |
BA in Financial Services (1995 to 2001) |
4 and 6 |
b |
MA in Financial Services (1995 to 2001) |
|||
Post Graduate in Financial Services (1995 to 2001) |
|||
Calibrand / Scottish Qualifications Authority |
Diploma in Professional Financial Advice |
4 and 6 |
a |
Diploma in Professional Financial Advice (NMBA - Alternative Assessment method) |
|||
15Canadian Securities Institute |
Canadian Securities Course (CSC) and Conduct and Practices Handbook Course (CPH) - must include a pass in both modules (provided it is accompanied by appropriate qualifications in Regulation and Ethics and Personal Taxation) - both courses must be completed |
2, 12 |
b |
Canadian Securities Course (CSC), Conduct and Practices Handbook (CPH), the Futures Licensing Course (FLC), the Derivatives Fundamentals Course (DCF) and the Options Licensing Course (OLC) - must include a pass in all modules (provided it is accompanied by appropriate qualifications in Regulation and Ethics and Personal Taxation) - all courses must be completed |
3, 13 |
b |
|
Canadian Securities Course (CSC), Conduct and Practices Handbook (CPH), the Futures Licensing Course (FLC) and the Derivatives Fundamentals and Options Licensing Course (DFOL) - must include a pass in all modules (provided it is accompanied by appropriate qualifications in Regulation and Ethics and Personal Taxation) - all courses must be completed |
|||
CASS Business School |
MSC in Banking and International Finance (provided it is accompanied by appropriate qualifications in Regulation and Ethics, Investment Principles and Risk and Personal Taxation) |
2, 3, 12, 13 |
a |
12MSC in Investment Management pre 2003 syllabus (provided it is accompanied by appropriate qualifications in Regulation and Ethics and Personal Taxation) |
2, 3, 12, 13 |
b |
|
CFA Institute and the CFA Society of the UK |
Level 1 of CFA Program plus Investment Management Certificate (Level 4)12 12 |
2, 3, 12, 13 |
a |
Completion of CFA Program plus Investment Management Certificate Unit 1: The investment environment (Level 4)12 12 |
|||
Holder of Associate qualification (associate member)12 12 |
2, 3, 12, 13 |
b |
|
Level 1 of CFA Program plus Investment Management Certificate (Level 3)12 12 |
|||
Completion of CFA Program plus Investment Management Certificate Unit 1: UK Regulation and Markets (level 3)12 12 |
|||
Holder of Associate qualification (Fellow)12 12 |
|||
CFA Program (Level 1) |
14 and 10 |
2 |
|
Fellow or Associate by examination |
8 |
1 |
|
14 and 10 |
|||
15, 16, 17, 18, 19 |
4 |
||
Investment Management Asset Allocation Qualification13 1212 |
14 and 10 |
2 |
|
Investment Regulation and Practice Paper of the Associate Examination |
15, 16, 17 |
5 |
|
CFA Society of UK (Formerly the UK Society of Investment Professionals/ Institute of Investment Management and Research (IIMR)) |
Investment Management Certificate (Level 4) plus other qualifications that meet specialist standards for advising on securities 12 |
2, 12 |
a |
Investment Management Certificate (Level 4) plus other qualifications that meet specialist standards for advising on packaged products 12 |
4 and 6 |
||
Investment Management Certificate (Level 4) plus other qualifications that meet specialist standards for advising on derivatives 12 |
3, 13 |
||
Investment Management Certificate (Level 3 or 4)12 12 |
8 |
1 |
|
15, 16, 17, 18, 19 |
4 |
||
15, 16, 17 |
5 |
||
14 and 10 |
1 |
||
Investment Practice Paper (Unit 2) of Investment Management Certificate (Level 3 or 4)12 12 |
14 and 10 |
2 |
|
12 | 8 |
2 |
|
Investment Management Certificate Unit 1: UK Regulation and Markets (Level 3) or Investment Management Certificate Unit 1: The Investment Environment (Level 4)12 12 |
8 |
3 |
|
15, 16, 17, 19 |
5 |
||
18 |
6 |
||
12 | 14 and 10 |
3 |
|
Chartered Alternative Investment Analysis Association (CAIA) |
CAIA Level 1 (provided it is accompanied by appropriate qualifications in Regulation and Ethics and Personal Taxation) |
2, 12 |
b |
Chartered Institute of Bankers in Ireland |
Fellow or Associate |
15, 16, 17, 18, 19 |
4 |
Chartered Institute of Bankers in Scotland |
Diploma in Investment Planning (Existing Adviser) Post 2010 examination standards |
4 and 6 |
a |
Diploma in Investment Planning (New Adviser) Post 2010 examination standards |
|||
Post 2010 examination standards |
|||
Diploma in Investment Planning (Retail Banking) (Existing Adviser) Post 2010 examination standards |
|||
Diploma in investment planning (work based assessment) |
|||
Associate (March 1992 to July 1994 syllabus (including top-up test)) |
4 and 6 |
b |
|
Associate (post August 1994 syllabus) |
|||
Certificate in Investment Planning (Pre 17/09/2004) |
|||
Chartered Banker (where candidates hold UK Financial Services and Investment modules) |
|||
Diploma in Investment Planning (current) |
|||
Associateship - (must include a pass in the Investment Paper) |
2, 3, 12, 13 |
b |
|
Certificate in Investment Planning - Paper 1 |
15, 16, 18, 19 |
4 |
|
15, 16, 17, 18, 19 |
5 |
||
Certificate in Investment Planning |
17 |
4 |
|
Member or Associate |
15, 16, 17, 18, 19 |
4 |
|
Mortgage Advice and Practice Certificate |
20 |
1 |
|
Certificate in Mortgage Advice and Practice (MAPC) (Pre 16/09/2004) |
20, 21, 22 |
1 |
|
MAPC bridge paper plus entry requirements (Pre 31/10/2004) |
20 |
1 |
|
Certificate in Investment Planning - Paper 1 (Pre 16/09/2004) |
20, 21, 22 |
3 |
|
MAPC - Paper 1 (Pre 16/09/2004) |
20 |
3 |
|
Mortgage Advice and Practice Certificate - Paper 1 (Post 17/09/2004) |
20, 21 |
3 |
|
Equity Release Mortgage Advice and Practice Certificate (ERMAPC) |
21, 22 |
1 |
|
Lifetime Mortgage Advice and Practice Certificate |
|||
MAPC Bridge paper plus entry requirements (Pre 16/09/2004) |
|||
Certificate in Mortgage Advice and Practice (MAPC) (Pre 16/09/2004) - Paper 1 |
21, 22 |
3 |
|
Equity Release Mortgage Advice and Practice Certificate (ERMAPC) |
23 |
4 |
|
23 |
5 |
||
23 |
6 |
||
Chartered Institute of Management Accountants |
Fellow or Associate |
15, 16, 17, 18, 19 |
4 |
Chartered Institute of Public Finance and Accountancy |
Fellow or Associate |
15, 16, 17, 18, 19 |
4 |
Chartered Institute for Securities and Investment (CISI) - (Formerly the Securities and Investment Institute (SII); formerly The Securities Association) |
|||
Investment Advice Diploma (where candidate holds 3 modules including the derivatives module) |
3, 13 |
||
Investment Advice Diploma (where candidate holds 3 modules including the securities module) |
2, 12 |
||
Masters in Wealth Management (Post 2010 examination standards) |
2, 3, 4 and 6, 12, 13 |
||
Certificate in Private Client Investment Advice and Management |
2, 3, 4 and 6, 12, 13 |
b |
|
14 and 10 |
1 |
||
Certificate in Private Client Investment Advice and Management (attained through a CISI competency interview and presentation only) |
2, 3, 4 and 6, 12, 13 |
b |
|
14 and 10 |
1 |
||
Diploma (where candidate holds 3 modules as recommended by the firm) |
2, 3, 4 and 6, 12, 13 |
b |
|
Investment Advice Certificate |
2, 3, 4 and 6, 12, 13 |
b |
|
Masters in Wealth Management (Pre 2010 examination standards) |
2, 3, 4 and 6, 12, 13 |
b |
|
Member of the Securities Institute (MSI Dip) (where candidate holds 3 modules as recommended by the firm) |
2, 3, 4 and 6, 12, 13 |
b |
|
Certificate in Corporate Finance |
8 |
1 |
|
15, 16, 17, 18, 19 |
4 |
||
Certificate in Derivatives - Paper 2 |
15, 16, 17, 18, 19 |
4 |
|
Certificate in Investment and Financial Advice - Paper 1 |
21, 22 |
3 |
|
Certificate in Investment Management (Level 3, pre 31 December 2013)13 |
8 |
1 |
|
15, 16, 17, 19 |
4 |
||
15, 16, 17 |
5 |
||
14 and 10 |
113 |
||
13Certificate in Investment Management (Level 4) |
14 and 10 |
1 |
|
Certificate in Investment Management - Paper 2 |
8 |
2 |
|
14 and 10 |
|||
Certificate in Securities |
8 |
1 |
|
Certificate in Securities - Paper 2 |
15, 16, 17, 18, 19 |
4 |
|
Certificate in Securities and Derivatives - Paper 2 |
19 |
4 |
|
Certificate in Securities and Financial Derivatives |
8 |
1 |
|
Certificate in Securities and Financial Derivatives - Paper 2 |
15, 16, 17, 18 |
4 |
|
Client Services Qualification |
15, 16, 17, 18, 19 |
4 |
|
Diploma |
15, 16, 17, 18, 19 |
4 |
|
Diploma - Corporate Finance Paper |
8 |
2 |
|
Diploma - Global Operations Management Module |
15, 16, 17, 18, 19 |
4 |
|
15, 16, 17 |
5 |
||
6 |
|||
Diploma - International Operations Management Module |
15 |
4 |
|
15, 16 |
5 |
||
6 |
|||
17 |
4 |
||
5 |
|||
6 |
|||
Diploma - International Operations Module |
16, 18, 19 |
4 |
|
Diploma - Operations Management Module |
15, 16, 17, 18, 19 |
4 |
|
15, 17 |
5 |
||
15, 16, 17 |
6 |
||
Diploma - Regulation and Compliance Module |
8 |
3 |
|
14 and 10 |
|||
15, 16, 17, 18, 19 |
5 |
||
Diploma (must include a pass in Regulation and Compliance Paper) |
8 |
1 |
|
Diploma (where candidate holds 3 modules as recommended by the firm) |
14 and 10 |
1 |
|
12Diploma in Corporate Finance (awarded jointly with The Institute of Chartered Accountants in England and Wales)15 |
8 |
1 |
|
Investment Administration Qualification - Asset Servicing Module |
15, 16, 17 |
6 |
|
Investment Administration Qualification - Basics of CREST Module |
15, 16, 17 |
6 |
|
Investment Administration Qualification - Bond Settlement Module |
15, 16, 17 |
6 |
|
Investment Administration Qualification - Collective Investment Schemes Administration Module |
15, 16, 17 |
6 |
|
Investment Administration Qualification - CREST Settlement Module |
15, 16, 17 |
6 |
|
Investment Administration Qualification - Derivatives Operations Module |
15, 16, 17 |
6 |
|
Investment Administration Qualification - Exchange - Traded Derivative Administration Module |
15, 16, 17 |
6 |
|
Investment Administration Qualification - FSA Regulatory Environment Module |
15, 16, 17 |
5 |
|
Investment Administration Qualification - Global Custody Module |
15, 16, 17 |
6 |
|
Investment Administration Qualification - Global Securities Operations Module |
16, 17 |
6 |
|
Investment Administration Qualification - Global Settlement Module |
15, 16, 17 |
6 |
|
Investment Administration Qualification - IMRO Regulatory Environment Module |
8 |
3 |
|
14 and 10 |
|||
15, 16, 17, 18, 19 |
5 |
||
Investment Administration Qualification - Introduction to Securities and Investment Module |
15, 16, 17, 18, 19 |
4 |
|
Investment Administration Qualification - ISA Administration Module |
15, 16, 17 |
6 |
|
Investment Administration Qualification - ISA and CTF Administration Module |
17 |
6 |
|
Investment Administration Qualification - ISA and PEP Administration Module |
15, 16, 17 |
6 |
|
Investment Administration Qualification - Life Policy Administration Module |
18 |
6 |
|
Investment Administration Qualification - OEIC Administration Module |
15, 16, 17 |
6 |
|
Investment Administration Qualification - Operational Risk Module |
15, 16, 17 |
6 |
|
Investment Administration Qualification - OTC Derivatives Administration Module |
15, 16 |
6 |
|
Investment Administration Qualification - Pensions Administration Module |
19 |
6 |
|
Investment Administration Qualification - PEP Administration Module |
15, 16, 17 |
6 |
|
Investment Administration Qualification - Portfolio Performance Measurement Module |
15, 16 |
6 |
|
Investment Administration Qualification - Private Client Administration Module |
15, 16, 17 |
6 |
|
Investment Administration Qualification - SFA Regulatory Environment Module |
8 |
3 |
|
14 and 10 |
|||
15, 16, 17, 18 |
5 |
||
Investment Administration Qualification - Unit 2 FSA Regulatory Environment - (Formerly the Investment Administration Qualification - Regulatory Environment Module) |
8 |
3 |
|
14 and 10 |
|||
18, 19 |
5 |
||
Investment Administration Qualification - Unit Trust Administration Module |
15, 16, 17 |
6 |
|
Investment Advice Certificate |
14 and 10 |
1 |
|
Investment Advice Certificate - Paper 1 |
15, 16, 17, 18, 19 |
4 |
|
5 |
|||
Investment Advice Certificate - Paper 1 (No new registrations) |
20, 21, 22 |
3 |
|
Investment Advice Certificate - Paper 2 |
18, 19 |
6 |
|
Investment Advice Diploma (where candidates hold technical modules as recommended by the firm) |
14 and 10 |
1 |
|
Investment Operations Certificate - Asset Servicing Module |
15, 16, 17 |
6 |
|
Investment Operations Certificate - Collective Investment Schemes Administration Module |
15, 16, 17 |
6 |
|
Investment Operations Certificate - CREST Settlement Module |
15, 16, 17 |
6 |
|
Investment Operations Certificate - Exchange - Traded Derivative Administration Module |
15, 16, 17 |
6 |
|
Investment Operations Certificate - UK13 Financial Regulation Module 13 |
8 |
3 |
|
14 and 10 |
|||
15, 16, 17, 18, 19 |
5 |
||
Investment Operations Certificate - Global Securities Operations Module |
17 |
6 |
|
Investment Operations Certificate - Global Securities Operations Module |
16 |
6 |
|
Investment Operations Certificate - Introduction to Securities and Investment Module |
15, 16, 17, 18, 19 |
4 |
|
Investment Operations Certificate - ISA Administration Module |
15, 16, 17 |
6 |
|
Investment Operations Certificate - Operational Risk Module |
15, 16, 17 |
6 |
|
Investment Operations Certificate - OTC Derivatives Administration Module |
15, 16 |
6 |
|
Investment Operations Certificate - Administration of Settlement & Investments Module (previously known as the Private Client Administration Module)12 12 |
15, 16, 17 |
6 |
|
Level 3 Certificate in Investments (Derivatives) - Unit 3 |
15, 16, 17, 18, 19 |
4 |
|
Level 3 Certificate in Investments (Investment Management) |
14 and 10 |
1 |
|
15, 16, 17, 18, 19 |
4 |
||
15, 16, 17 |
5 |
||
Level 3 Certificate in Investments (Investment Management) - Unit 5 |
8 |
2 |
|
14 and 10 |
|||
Level 3 Certificate in Investments (Securities and Financial Derivatives) |
8 |
1 |
|
15, 16, 17, 18, 19 |
4 |
||
Level 3 Certificate in Investments (Securities) |
8 |
1 |
|
Level 3 Certificate in Investments (Securities) - Unit 2 |
15, 16, 17, 18, 19 |
4 |
|
Level 6 Diploma in Wealth Management |
14 and 10 |
1 |
|
Masters in Wealth Management |
14 and 10 |
1 |
|
Member of the Securities Institute by examination |
15, 17, 19 |
4 |
|
Principles of UK13 Financial Regulation |
8 |
3 |
|
18, 19 |
5 |
||
SFA Corporate Finance Representative Examination |
8 |
1 |
|
15, 16, 17, 18, 19 |
4 |
||
SFA Futures and Options Representative Examination |
15, 16, 17, 18, 19 |
4 |
|
15, 16, 17 |
5 |
||
SFA Registered Persons Examination - Section 1 (Regulation) |
8 |
3 |
|
14 and 10 |
|||
15, 16, 17, 18, 19 |
5 |
||
SFA Securities and Financial Derivatives Representative Examination |
8 |
1 |
|
15, 16, 17, 18, 19 |
4 |
||
15, 16, 17 |
5 |
||
SFA Securities Representative Examination |
8 |
1 |
|
15, 16, 17, 18, 19 |
4 |
||
16, 17 |
5 |
||
TSA Registered Representative Examinations |
8 |
1 |
|
15, 16, 17, 18, 19 |
4 |
||
15, 16 |
5 |
||
Unit 1 - Financial Regulation |
14 and 10 |
3 |
|
Unit 1 Financial Regulation (Formerly the Securities Institute Regulatory Paper) |
8 |
3 |
|
15, 16, 17, 18, 19 |
5 |
||
Unit 6 - Principles of UK13 Financial Regulation |
14 and 10 |
3 |
|
15, 16, 17 |
5 |
||
Chartered Insurance Institute |
Certificate in Securities Advice and Dealing |
2, 12 |
|
Diploma in Regulated Financial Planning |
4 and 6 |
a |
|
Diploma in Regulated Financial Planning (attained through a CII alternative assessment day) |
|||
Fellow or Associate (life and pensions route only) |
2, 3, 12, 13 |
b |
|
Advanced Financial Planning Certificate |
2, 3, 4 and 6, 12, 13 |
b |
|
Diploma in Financial Planning |
4 and 6 |
b |
|
Fellow (FCII) (where candidates hold appropriate life and pensions modules) |
|||
Fellow (FLIA Dip) |
|||
Advanced Diploma in Financial Planning |
|||
Associate (ACII) (where candidate holds appropriate life and pension modules) |
|||
Associate (ALIA Dip) |
|||
12Diploma in Financial Planning plus a pass in J12: Securities advice and dealing |
2, 1213 13 |
a13 13 |
|
Certificate in Financial Planning plus the Award in Long Term Care Insurance |
7 |
1 |
|
G80 paper of Advanced Financial Planning Certificate (October 2004) plus appropriate exam requirements for TC 2.1.4R(1)(f) |
|||
G70 Paper of the Advanced Financial Planning Certificate |
8 |
1 |
|
Award in London Market Insurance |
9 |
1 |
|
Fellow or Associate including three pensions-related subjects as confirmed by the examining body |
11 |
1 |
|
G60 paper of Advanced Financial Planning Certificate |
|||
Unit AF3 of the Advanced Diploma in Financial Planning |
|||
Certificate of Insurance Practice |
18 |
4 |
|
Certificate of Insurance Practice (life or pensions route) |
18 |
6 |
|
FA1 - Life office administration |
|||
Fellow or Associate (life and pensions route only) |
|||
Life assurance paper (735) from the Associateship |
|||
Certificate of Insurance Practice (Pensions route) |
19 |
6 |
|
Fellow or Associate (Pensions route) |
|||
Certificate in Mortgage Advice |
20 |
1 |
|
Certificate in Equity Release (Formerly known as Certificate in Financial Planning and Lifetime Mortgages) |
21 |
1 |
|
Certificate in Equity Release |
22 |
1 |
|
23 |
4 |
||
23 |
5 |
||
23 |
6 |
||
Advanced Financial Planning Certificate (must include a pass in G70 paper) |
14 and 10 |
1 |
|
Certificate in Discretionary Investment Management |
|||
Fellow or Associate |
15, 16, 17, 18, 19 |
4 |
|
Financial Planning Certificate - Paper 1 |
15, 16, 17, 18, 19 |
4 |
|
15, 16, 17, 18, 19 |
5 |
||
CF1 - UK financial services, regulation and ethics |
15, 16, 17, 1318, 19 |
4 |
|
15, 16, 17, 1318, 19 |
513 |
||
13RO1 Paper: Regulation and Ethics |
15, 16, 17, 18, 19 |
4 |
|
15, 16, 17, 18, 19 |
5 |
||
FA2 - Pensions administration paper |
18, 19 |
613 |
|
Financial Planning Certificate - Paper 2 |
|||
Pensions law, taxation and administration paper (740) from the Associateship |
18, 19 |
613 |
|
13Certificate in Investment Operations: Collective Investment Scheme Administration paper (FA4) |
15, 16, 17 |
6 |
|
13Certificate in Investment Operations: Individual Savings Account Administration paper (FA5) |
151516, 17 |
6 |
|
13Certificate in Investment Operations: Investment Client Servicing paper (FA6) |
15, 16, 17 |
6 |
|
Certificate in Mortgage Advice - Paper 1 |
20, 21 |
3 |
|
Mortgage Advice Qualification (MAQ) plus entry requirements |
20, 21, 22 |
1 |
|
Financial Planning Certificate - Paper 1 (No new registrations after 17/12/2004) |
20, 21, 22 |
313 |
|
13Deutsche Boerse AG |
Certified Securities Trader (provided it is accompanied by appropriate qualifications in Regulation and Ethics, Investment Principles and Risk and Personal Taxation) |
2, 12 |
b |
13Deutsche Boerse AG 15 |
Certified Derivatives Trader (provided it is accompanied by appropriate qualifications in Regulation and Ethics, Investment Principles and Risk and Personal Taxation) |
2, 12 |
b |
3, 13 |
a |
||
EFFAS Societies with accredited examinations |
Certified European Financial Analyst |
14 and 10 |
2 |
Faculty or Institute of Actuaries |
Fellow or Associate or where the individual has passed all of the following modules CT1, CT2, CT4, CT5, CT6, CT7 and CT8 |
2, 3, 4 and 6, 12, 13 |
a |
14 and 10 |
1 |
||
Associate - achieved by examination passed before 1 December 2001 (must include a pass in Subject 301 - Investment and Asset Management (syllabus in force from 1998) |
14 and 10 |
1 |
|
Associate - achieved by examination passed after 1 December 2001 (must include a pass in subject 301 - Investment and Asset Management (syllabus in force from 1998) |
14 and 10 |
2 |
|
12 | |||
Fellow - achieved by examination (must include a pass in subjects 301 and 401 Investment and Asset Management (syllabus in force from 1998)) |
14 and 10 |
1 |
|
Fellow or Associate |
11 |
1 |
|
16, 17, 18, 19 |
4 |
||
18, 1912 |
6 |
||
Fellow or Associate by examination (must include Investment Paper E (Syllabus in force until 1998)) |
14 and 10 |
1 |
|
Fellow or where the individual has passed all of the following modules CA1 and SA2 |
18 |
4 |
|
Financial Industry Regulatory Authority (FINRA) - Formerly the National Association of Securities Dealers (NASD) |
Series 7 - General Securities Representatives Examination (provided it is accompanied by appropriate qualifications in Regulation and Ethics and Personal Taxation) |
2, 3, 12, 13 |
b |
Financial & Legal 15Skills Partnership (formerly the Financial Skills Partnership/15Financial Services Skills Council (FSP/15FSSC)) |
FLSP15 Advanced/Modern15 Apprenticeship in Advising on Financial Products (Long Term Care Insurance Pathway) 15 |
7 |
1 |
FLSP Level 315 Advanced/Modern15 Apprenticeship in Retail or Providing15Financial Services (Investment Administration or Operations15 Pathway including either Asset Servicing / CREST Settlement / Global Securities or ISA and CTF Administration) 15 |
17 |
6 |
|
FLSP Level 315 Advanced/Modern15 Apprenticeship in Retail or Providing 15Financial Services (Investment Administration or Operations15 Pathway including FSA Regulatory Environment or Principles of Financial Regulation) 15 |
17 |
5 |
|
FLSP Level 315 Advanced/Modern 15 Apprenticeship in Retail or Providing 15Financial Services (investment Administration or Operations15 Pathway including the Introduction to Securities and Investment module) 15 |
17 |
4 |
|
FLSP Level 315 Advanced/Modern 15Apprenticeship in Retail or Providing 15Financial Services (Long Term Insurance or Life, Pensions and Investments or Pensions Administration15 Pathway including CF1) 15 |
18 |
4 |
|
FLSP Level 315 Advanced/Modern15 Apprenticeship in Retail or Providing 15Financial Services (Long Term Insurance or Life, Pensions and Investments or Pensions Administration15 Pathway including CF1) 15 |
18 |
5 |
|
FLSP Level 315 Advanced/Modern15 Apprenticeship in Retail or Providing 15Financial Services (Long Term Insurance or Life, Pensions and Investments or Pensions Administration15 Pathway including CF1 and either FA1 or FA2) 15 |
18 |
6 |
|
FLSP Level 315 Advanced/Modern15 Apprenticeship in Retail or Providing 15Financial Services (Long Term Insurance or Life, Pensions and Investments or Pensions Administration15Pathway including CF1 and FA2) 15 |
19 |
1 |
|
FLSP Level 315 Advanced Apprenticeship in Advising on Financial Products (Mortgage Advice Pathway) or Level 3 Advanced Apprenticeship in Providing Mortgage Advice15 15 |
20 |
1 |
|
ICMA Centre/ University of Reading (Formerly ISMA Centre/ University of Reading) |
Diploma in Capital Markets, Regulation and Compliance |
17 |
5 |
Operations Certificate Programme (OCP) |
16, 17 |
6 |
|
ifs University College15(formerly the ifs School of Finance/15Chartered Institute of Bankers) 15 |
Diploma for Financial Advisers (post 2010 examination standards) |
4 and 6 |
a |
Professional Certificate in Banking (PCertB) (where candidate has passed the Practice of Financial Advice module) |
|||
Associateship - (must include a pass in the Investment / Investment Management Paper) |
2, 3, 4 and 6, 12, 13 |
b |
|
Diploma for Financial Advisers (pre 2010 examination standards) |
4 and 6 |
b |
|
Professional Investment Certificate |
|||
Certificate for Financial Advisers and Certificate in Long-term Care Insurance |
7 |
1 |
|
Pensions paper of Professional Investment Certificate |
11 |
1 |
|
Certificate for Financial Advisers - Paper 1 |
15 |
5 |
|
Fellow or Associate |
15, 16, 17, 18, 19 |
4 |
|
Certificate for Financial Advisers - Paper 1 (Pre 31/10/2004) |
15, 16, 17, 18, 19 |
4 |
|
5 |
|||
20, 21, 22 |
3 |
||
Certificate for Financial Advisers - Paper 1 (Post 01/11/2004) |
18, 19 |
4 |
|
5 |
|||
Certificate for Financial Advisers - Paper 2 (Pre 31/10/2004) |
18, 19 |
6 |
|
CeMAP Bridge paper plus entry requirements |
20 |
1 |
|
Certificate in Mortgage Advice and Practice (Post 01/11/2004) |
20 |
1 |
|
Diploma for Mortgage Advice and Practice DipMAP (plus entry requirements) |
20 |
1 |
|
CeMAP bridge paper plus entry requirements (Pre 31/10/2004) |
21, 22 |
1 |
|
Certificate in Mortgage Advice and Practice (CeMAP) (Pre 31/10/2004) - Paper 1 |
20, 21 |
3 |
|
Certificate in Mortgage Advice and Practice (Post 01/11/2004) - Paper 1 |
20, 21 |
3 |
|
Certificate in Mortgage Advice and Practice (CeMAP) (Pre 31/10/2004) |
20, 21, 22 |
1 |
|
Certificate in Regulated Equity Release (Formerly known as Certificate in Lifetime Mortgages) |
21, 22 |
1 |
|
23 |
4 |
||
23 |
5 |
||
23 |
6 |
||
Institute of Chartered Accountants in England and Wales |
Fellow or Associate |
8 |
1 |
15, 16, 17, 18, 19 |
4 |
||
Initial Test of Competence |
18, 19 |
6 |
|
Diploma in Corporate Finance (awarded jointly with The Institute of Chartered Accountants in England and Wales)15 |
815 |
215 |
|
Institute of Chartered Accountants in Ireland |
Fellow or Associate |
8 |
1 |
15, 16, 17, 18, 19 |
4 |
||
Initial Test of Competence |
19 |
6 |
|
Institute of Chartered Accountants in Scotland |
Member |
8 |
1 |
15, 16, 17, 18, 19 |
4 |
||
Initial Test of Competence |
19 |
6 |
|
Institute of Chartered Secretaries and Administrators |
Certificate in Collective Investment Scheme Administration |
15, 16, 17, 18 |
4 |
5 |
|||
15, 16 |
6 |
||
19 |
4 |
||
Certificate in Company Secretarial Practice and Share Registration Practice (including the Regulatory module within the examination) |
15, 16. 17 |
4 |
|
5 |
|||
6 |
|||
Fellow or Associate |
15, 16, 17, 18, 19 |
4 |
|
Institute of Financial Planning |
Certified Financial Planner |
4 and 6 |
b |
Fellowship |
|||
Insurance Sector Education and Training Authority |
National Diploma: Financial Services Long-Term Risk Assessment |
7 |
2 |
Investment Management Association |
Investment Administration Management Award |
15, 16, 17 |
6 |
Investment Property Forum |
IPF Certificate in Property Investment |
14 and 10 |
2 |
Japanese Bankers Association |
Registered Representative of Public Securities Examination (pre-April 1990) |
8 |
2 |
Representative of Public Securities Qualification - Class 1 |
|||
Japanese Securities Dealers Association |
Representative of Public Securities Qualification - Type 1 (provided it is accompanied by appropriate qualifications in Regulation and Ethics, Investment Principles and Risk and Personal Taxation |
2, 3, 12, 13 |
b |
Representative of Public Securities Examination (pre April 1990) |
8 |
2 |
|
Representative of Public Securities Qualification - Type 1 |
|||
Law Society of England and Wales |
Module B(ii), Securities and Portfolio Management |
8 |
2 |
Module B(i), Retail Branded/ Packaged Products |
18, 19 |
6 |
|
Law Society of England and Wales/ Law Society of Northern Ireland |
Solicitor |
15 |
4 |
Law Society of England and Wales/ Law Society of Scotland/ Law Society of Northern Ireland |
Solicitor |
17, 18, 19 |
4 |
Lloyd's |
Lloyd's and London Market Introductory Test (Formerly the Lloyd's Introductory Test) |
9 |
1 |
Lloyd's/ Chartered Insurance Institute |
Lloyd's Market Certificate |
9 |
1 |
London Stock Exchange (records are now kept by The Chartered Institute for Securities and Investment (CISI); Formerly the Securities and Investment Institute (SII); formerly The Securities Association) |
London Stock Exchange Full Membership Exams (and other regional stock exchanges as merged with London Stock Exchange) - where candidate holds three or four papers or holds both the Stock Exchange Practice and Techniques of Investment papers |
2, 3, 4 and 6, 12, 13 |
b |
14 and 10 |
1 |
||
Stock Exchange Registered Representative Examination |
8 |
1 |
|
15, 16, 17, 18, 19 |
4 |
||
15, 16 |
5 |
||
Manchester Metropolitan University |
BA (Hons) Financial Services, Planning and Management |
2, 3, 4 and 6, 12, 13 |
a |
N/A |
In-house module (only where the firm can demonstrate that none of the listed examinations are appropriate) |
15, 16, 17, 18, 19 |
6 |
NIBE SVV the Dutch Institute for the Banking, Insurance and Stockbroking Industry |
Examination |
8 |
2 |
Pensions Management Institute |
Diploma in Regulated Retirement Advice |
4 and 6 |
a |
11 |
1 |
||
Fellow or Associate by examination |
11 |
1 |
|
Module 201: Providing for Retirement |
19 |
4 |
|
512 |
|||
612 |
|||
Fellow or Associate |
15, 16, 17, 18, 19 |
4 |
|
Diploma in Member-Directed Pension Scheme Administration |
18 |
6 |
|
Fellow or Associate by examination |
18, 19 |
6 |
|
Sheffield Hallam University |
BA in Financial Services (1995 to 2001) |
4 and 6 |
b |
MA in Financial Services (1995 to 2001) |
|||
Post Graduate in Financial Services (1995 to 2001) |
|||
15SIX Swiss Exchange |
Certified Securities Trader the Swiss Markets Insight course (provided it is accompanied by appropriate qualifications in Regulation and Ethics, Investment Principles and Risk and Personal Taxation) |
2, 12 |
b |
Society of Investment Analysts in Ireland |
Certificate in Investment Management (at least 3 papers passed by examination) |
14 and 10 |
2 |
South African Institute of Financial Markets |
Ordinary and Senior Certificates |
8, 14 and 10 |
2 |
Swiss Finance Institute |
Dual degree Executive MBA in Asset and Wealth Management |
14 and 10 |
2 |
The Securities Analysts Association of Japan (SAAJ) |
CMA Level 2 (for individuals advising before 30 June 2009) |
2, 3, 12, 13 |
b |
CMA Level 2 (for individuals not advising before 30 June 2009 - provided it is accompanied by appropriate qualifications in Regulation and Ethics, Investment Principles and Risk and Personal Taxation) |
|||
CMA Level 2 |
8 |
2 |
|
Secondary Examination |
|||
Chartered Member |
14 and 10 |
2 |
|
University of Stirling |
BA in Finance |
2, 4 and 6, 12 |
b |
BA in Finance and Accounting |
2, 3, 4 and 6, 12, 13 |
b |
|
MSc in Finance |
2, 3, 12, 13 |
b |
|
MSc in international Accounting and Finance (where candidates hold modules as recommended by the firm) |
2, 3, 12, 13 |
b |
|
8 |
2 |
||
14 and 10 |
1 |
||
MSc in Investment Analysis |
2, 3, 12, 13 |
b |
|
14 and 10 |
1 |
||
University of the West of England |
BA in Financial Services (1995 to 2001) |
4 and 6 |
b |
MA in Financial Services (1995 to 2001) |
|||
Post Graduate in Financial Services (1995 to 2001) |
This table belongs to COLL 8.2.5 R
1 |
Description of the authorised fund |
||||||
Information detailing: |
|||||||
(1) |
the name of the authorised fund; |
||||||
(2) |
that the authorised fund is a qualified investor scheme; and |
||||||
(3) |
in the case of an ICVC, whether the head office of the company is situated in England and Wales or Wales or Scotland or Northern Ireland. |
||||||
3Property Authorised Investment Funds |
|||||||
1A |
For a property authorised investment fund, a statement that: |
||||||
(1) |
it is a property authorised investment fund; |
||||||
(2) |
no body corporate may seek to obtain or intentionally maintain a holding of more that 10% of the net asset value of the fund; and |
||||||
(3) |
in the event that the authorised fund manager reasonably considers that a body corporate holds more than 10% of the net asset value of the fund, the authorised fund manager is entitled to delay any redemption or cancellation of units in accordance with 6A if the authorised fund manager reasonably considers such action to be: |
||||||
(a) |
necessary in order to enable an orderly reduction of the holding to below 10%; and |
||||||
(b) |
in the interests of the unitholders as a whole. |
||||||
2 |
Constitution |
||||||
The following statements: |
|||||||
(1) |
the scheme property of the scheme is entrusted to a depositary for safekeeping (subject to any exception permitted by the rules); |
||||||
(2) |
if relevant, the duration of the scheme is limited and, if so, for how long; |
||||||
(3) |
charges and expenses of the scheme may be taken out of scheme property; |
||||||
(4) |
for an ICVC: |
||||||
(a) |
what the maximum and minimum sizes of the scheme's capital are; and |
||||||
(b) |
the unitholders are not liable for the debts of the company;5 6 |
||||||
5(4A) |
for an ICVC which is an umbrella, a statement that the assets of a sub-fund belong exclusively to that sub-fund and shall not be used to discharge directly or indirectly the liabilities of, or claims against, any other person or body, including the umbrella, or any other sub-fund, and shall not be available for any such purpose;6 |
||||||
6(4B) |
for a co-ownership scheme which is an umbrella, the property subject to a sub-fund is beneficially owned by the participants in that sub-fund as tenants in common (or, in Scotland, is the common property of the participants in that sub-fund) and must not be used to discharge any liabilities of, or meet any claims against, any person other than the participants in that sub-fund; |
||||||
6(4C) |
for a limited partnership scheme, that the scheme prohibits pooling as is mentioned in section 235(3)(a) of the Act in relation to separate parts of the scheme property, with the effect that the scheme cannot be an umbrella; |
||||||
(5) |
for an AUT: |
||||||
(a) |
the trust deed: |
||||||
(i) |
is made under and governed by the law of England and Wales, or the law of Scotland or the law of Northern Ireland; |
||||||
(ii) |
is binding on each unitholder as if he had been a party to it and that he is bound by its provisions; and |
||||||
(iii) |
authorises and requires the trustee and the manager to do the things required or permitted of them by its terms; |
||||||
(b) |
subject to the provisions of the trust deed and all the rules made under section 247 of the Act (Trust scheme rules): |
||||||
(i) |
the scheme (other than sums held to the credit of the distribution account) is held by the trustee on trust for the unitholders according to the number of units held by each unitholder or, where relevant, according to the number of individual shares in the scheme property represented by the units held by each unitholder; and |
||||||
(ii) |
the sums standing to the credit of any distribution account are held by the trustee on trust to distribute or apply in accordance with COLL 8.5.15 R (Income); |
||||||
(c) |
a Unitholder is not liable to make any further payment after he has paid the price of his units and that no further liability can be imposed on him in respect of the units he holds; and |
||||||
(d) |
payments to the trustee by way of remuneration are authorised to be paid (in whole or in part) out of the scheme property; and6 6 |
||||||
(6)6 |
for an ACS: |
||||||
(a) |
|||||||
(i) |
is made under and governed by the law of England and Wales, or the law of Scotland or the law of Northern Ireland; |
||||||
(ii) |
is binding on each unitholder as if he had been a party to it and that he is bound by its provisions; |
||||||
(iii) |
authorises and requires the depositary and the authorised contractual scheme manager to do the things required or permitted of them by its terms; and |
||||||
(iv) |
states that units may not be issued to a person other than a person7: |
||||||
(A) |
who 7is a: |
||||||
(i) |
|||||||
(ii) |
|||||||
(iii) |
|||||||
(B) |
to whom units in a qualified investor scheme may be promoted under COBS 4.12.4 R;7 7 |
||||||
(v) |
states that the authorised contractual scheme manager of an ACS must redeemunits as soon as practicable after becoming aware that those units are vested in anyone (whether as a result of subscription or transfer of units) other than a person meeting the criteria in (iv)(A) and (B); |
||||||
(vi) |
states that for a co-ownership scheme: |
||||||
(A) |
the scheme property is beneficially owned by the participants as tenants in common (or, in Scotland, is the common property of the participants); |
||||||
(B) |
the arrangements constituting the scheme are intended to constitute a co-ownership scheme as defined in section 235A(2) of the Act; and |
||||||
(C) |
the operator and depositary are required to wind up the scheme if directed to do so by the FCA in exercise of its power under section 261X (Directions) or section 261Z (Winding up or merger of master UCITS) of the Act; |
||||||
(vii) |
states: |
||||||
(A) |
whether the transfer of units in the ACS scheme or, for a co-ownership scheme which is an umbrella (sub-funds of which pursue differing policies in relation to transfer of units), in each particular sub-fund, is either: |
||||||
(i) |
prohibited; or |
||||||
(ii) |
allowed; |
||||||
(B) |
where transfer of units is allowed by the scheme or, where appropriate the sub-fund, in accordance with (A)(ii), units may only be transferred in accordance with the conditions specified by FCArules, including that units may not be transferred to a person other than a person : 7 |
||||||
(i) |
who 7is a: |
||||||
(1) |
|||||||
(2) |
|||||||
(3) |
|||||||
(ii) |
to whom units in a qualified investor scheme may be promoted under COBS 4.12.4 R; and7 7 |
||||||
(viii) |
states that for a limited partnership scheme, the scheme is not dissolved on any person ceasing to be a limited partner or nominated partner provided that there remains at least one limited partner; |
||||||
(b) |
subject to the provisions of the contractual scheme deed and all the rules made under section 261I of the Act (Contractual scheme rules) and for the time being in force: |
||||||
(i) |
the scheme property (other than sums standing to the credit of the distribution account) is held by, or to the order of, the depositary for and on behalf of the unitholders according to the number of units held by each unitholder or, where relevant, according to the number of individual shares in the scheme property represented by the units held by each unitholder; and |
||||||
(ii) |
the sums standing to the credit of any distribution account are held by the depositary to distribute or apply them in accordance with COLL 8.5.15 R(Income); and |
||||||
(c) |
a unitholder in a co-ownership scheme is not liable to make any further payment after he has paid the price of his units and that no further liability can be imposed on him in respect of the units he holds; |
||||||
(d) |
a unitholder in a limited partnership scheme is not liable for the debts or obligations of the limited partnership scheme beyond the amount of the scheme property which is available to the authorised contractual scheme manager to meet such debts or obligations, provided that the unitholder does not take part in the management of the partnership business; |
||||||
(e) |
the exercise of rights conferred on limited partners by FCA rules does not constitute taking part in the management of the partnership business; |
||||||
(f) |
the limited partners, other than the nominated partner, are to be the participants in the scheme; and |
||||||
(g) |
the operator of a co-ownership scheme is authorised to: |
||||||
(i) |
acquire, manage and dispose of the scheme property; and |
||||||
(ii) |
enter into contracts which are binding on unitholders for the purposes of, or in connection with, the acquisition, management or disposal of scheme property. |
||||||
3 |
Investment objectives |
||||||
A statement of the object of the scheme, in particular the types of investments and assets in which it and each sub-fund (where applicable) may invest and that the object of the scheme is to invest in property of that kind with the aim of spreading investment risk. |
|||||||
4 |
Units in the scheme |
||||||
A statement of: |
|||||||
(1) |
the classes of units which the scheme may issue, indicating, for a scheme which is an umbrella, which class or classes may be issued in respect of each sub-fund; and |
||||||
(2) |
the rights attaching to units of each class (including any provisions for the expression in two denominations of such rights). |
||||||
5 |
Limitation on issue of and redemption of units |
||||||
Details as to: |
|||||||
(1) |
the provisions relating to any restrictions on the right to redeem units in any class; and |
||||||
(2) |
the circumstances in which the issue of the units of any particular class may be limited. |
||||||
6 |
Income and distribution |
||||||
Details of the person responsible for the calculation, transfer, allocation and distribution of income for any class of unit in issue during the accounting period. |
|||||||
3Redemption or cancellation of units on breach of law or rules |
|||||||
6A |
A statement that where any holding of units by a unitholder is (or is reasonably considered by the authorised fund manager to be) an infringement of any law, governmental regulation or rule, those units must be redeemed or cancelled. |
||||||
7 |
Base currency |
||||||
A statement of the base currency of the scheme. |
|||||||
8 |
Meetings |
||||||
Details of the procedures for the convening of meetings and the procedures relating to resolutions, voting and the voting rights for unitholders. |
|||||||
9 |
Powers and duties of the authorised fund manager and depositary |
||||||
Where relevant, details of any function to be undertaken by the authorised fund manager and depositary which the rules in COLL require to be stated in the instrument constituting the fund.8 8 |
|||||||
10 |
Termination and suspension |
||||||
Details of: |
|||||||
(1) |
the grounds under which the authorised fund manager may initiate a suspension of the scheme and any associated procedures; and |
||||||
(2) |
the methodology for determining the rights of unitholders to participate in the scheme property on winding up. |
||||||
110A |
Investment in overseas2 property through an intermediate holding vehicle1 |
||||||
If investment in an overseas2 immovable is to be made through an intermediate holding vehicle or a series of intermediate holding vehicles, a statement that the purpose of that intermediate holding vehicle or series of intermediate holding vehicles will be to enable the holding of overseas2 immovables by the scheme.1 |
|||||||
11 |
Other relevant matters |
||||||
Details of those matters which enable the scheme, authorised fund manager or depositary to obtain any privilege or power conferred by the rules in COLL which is not otherwise provided for in the instrument constituting the fund.8 8 |
Table of periodic fees payable to the FCA63
631 Fee payer |
2 Fee payable |
3 Due date |
4 Events occurring during the period leading to modified periodic fee |
Any firm (except an AIFM qualifier,25ICVC or a UCITS qualifier) |
As specified in FEES 4.3.1 R in relation to FEES 4 Annex 2AR and FEES 4 Annex 11 R63 |
(1) Unless (2) or (3) apply7, on or before the relevant dates specified in FEES 4.3.6 R.12 (2) Unless (3) applies, if 7an event specified in column 4 occurs during the course of a fee year,62 30 days after the occurrence of that event, or if later the dates specified in FEES 4.3.6 R.7 (3) Where the permission is for operating a multilateral trading facility, the date specified in FEES 4 Annex 10 (Periodic fees for MTF operators). 7762 |
Firm receives permission, or becomes authorised or registered under the Payment Services Regulations or the Electronic Money Regulations12;9 or firm9extends permission or its payment service activities916 9 |
Persons who hold a certificate issued by the FCA62 under article 54 of the Regulated Activities Order (Advice given in newspapers etc.) 62 |
£1,000 |
(1) Unless (2) applies, on or before 1 August or, if later, within 30 days of the date of the invoice23 (2) If an event in column 4 occurs during the course of a fee year,62 30 days after the occurrence of that event 2362 |
Certificate issued to person by FCA62 under Article 54 RAO 62 |
23 | In relation to each unit trust the amount specified in part 1 of 25FEES 4 Annex 4 |
Authorisation order is made in relation to the relevant scheme24 |
|
24Any authorised fund manager of an authorised contractual scheme; |
In relation to each authorised contractual scheme the amount specified in part 1 of25FEES 4 Annex 4 |
||
In relation to each ICVC,25 the amount specified in part 1 of25FEES 4 Annex 4 |
|||
Persons who, under the constitution or founding arrangements of a recognised scheme, is responsible for the management of the property held for or within the scheme; |
In relation to each recognised scheme the amount specified in part 1 of25FEES 4 Annex 4 |
The relevant scheme becomes a recognised scheme25 |
|
Not applicable |
|||
FEES 4 Annex 6, part 1 for a UK RIE ; and FEES 4 Annex 6 R, part 1A for a UK RIE that is also an RAP13 63 |
(1) On or before the relevant dates specified in FEES 4.3.6 R23 (2) If the event in column 4 occurs during the course of a fee year62, 30 days after the occurrence of that event 2362 |
Recognition order is made. The modified1164 periodic fee is specified in FEES 4 Annex 6 R, Part 1and (in the case of an RAP) Part 1A.131164 1164116411641164 |
|
63 | FEES 4 Annex 6, part 2 |
(1) On or before the relevant dates specified in FEES 4.3.6 R23 (2) If the event in column 4 occurs during the course of a fee year62, 30 days after the occurrence of that event. 2362 |
Recognition order is made. The modified1164 periodic fee is specified in FEES 4 Annex 6, Part 2.1164 1164116411641164 |
Listedissuers (in LR) of shares, depositary receipts and securitised derivatives (in LR), unless the conditions set out below apply.3 The first condition is that the listedissuer, or a related entity, has already paid a periodic fee in respect of the period concerned. The second condition is that the listedissuer is subject to listing rules as a result of a reverse takeover, or that the listedissuer is a newly formed entity, created as a result of a restructuring.3 |
Within 30 days of the date of the invoice |
Listedissuer3 (in LR) becomes subject to listing rules 3 |
|
£25,000231210 per year for the period from 1 April to 31 March the following year (see Note)2 101223 |
Within 30 days of the date of the invoice |
(1)14Approval of sponsor, unless (2) applies.14 (2) In the case of approval of a sponsor following a change of legal status in accordance with FEES 3 Annex 1 R Part 7, the balance of the fee otherwise due from the original sponsor. Where a payment is made in accordance with (2) the original sponsor's obligation to pay that fee ceases.14 |
|
All non-listed issuers (in DTR) of shares, depositary receipts and securitised derivatives.6 6 |
FEES 4 Annex 8, except for Table 329 |
Within 30 days of the date of the invoice |
Non-listed issuer (in DTR) becomes subject to disclosure rules and transparency rules629 |
FEES 4 Annex 8, Table 3 |
Within 30 days of the date of the invoice |
A person is approved as a primary information provider |
|
6All firms reporting transactions in securities derivatives10to the FCA62 in accordance with SUP 17, and market operators who provide facilities for trading in securities derivatives.10 6210 |
Within 30 days of the date of the invoice |
Not applicable |
|
15Any issuer of a regulated covered bond. |
(1) Unless (2) applies, on or before the relevant dates specified in FEES 4.3.6 R (2) If an event specified in column 4 occurs during the course of a fee year62, 30 days after the occurrence of that event or, if later, the dates specified in FEES 4.3.6 R 62 |
A person becomes registered as an issuer of a regulated covered bond |
|
26(i) An AIFM (other than a UK AIFM or an EEA AIFM with a branch in the UK) which has notified the FCA of its intention to market an AIF in the UK under regulation 57 of the AIFMD UK regulation and which has not ceased to market that AIF in the UK as at 1 April of the current fee year. (ii) An AIFM which has notified the FCA of its intention to market an AIF in the UK under regulation 58 or 59 of the AIFMD UK regulation and which has not ceased to market that AIF in the UK as at 1 April of the current fee year. |
For each notification made by the AIFM of the kind specified in part 2 of FEES 4 Annex 4, the amount specified in part 2 of FEES 4 Annex 4 |
(1) Unless (2) applies, on or before 1 August, or, if later, within 30 days of the date of the invoice (2) If an event in column 4 occurs during the course of a financial year, 30 days after the occurrence of that event |
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The basic fee contained in part 3 of FEES 4 Annex 4 |
The AIFM is registered by the FCA under regulation 10 of the AIFMD UK regulation. |
Note:Sponsors on the list of approved sponsors as at 1 April each year will be liable for the full year's annual fee unless FEES 4.3.13 R applies.2