Content Options

View Options

Status: You are viewing the version of the handbook as on 2005-06-30.

AUTH 4.1 Introduction

Application

AUTH 4.1.1R

13This chapter applies to:

  1. (1)

    every applicant for Part IV permission (including an incoming firm applying for top-up permission);

  2. (2)

    every Treaty firm that wishes to exercise a Treaty right to qualify for authorisation under Schedule 4 to the Act (Treaty rights) in respect of regulated activities for which it does not have an EEA right; and

  3. (3)

    an applicant for a certificate under article 54 of the Regulated Activities Order.2

AUTH 4.1.2G

This chapter does not apply to:

  1. (1)

    an EEA firm that wishes to exercise an EEA right; or

  2. (2)

    an ICVC; or

  3. (3)

    a UCITS qualifier.

Purpose

AUTH 4.1.3G

The purpose of this chapter is to set out the requirements on applicants for Part IV permission, and Treaty firms qualifying for authorisation under Schedule 4 to the Act (Treaty rights), to pay fees.

Background

AUTH 4.1.4G

GEN 3 (FSA Fees - General Provisions) applies to fees required by this chapter.

AUTH 4.1.5G

Most of the detail of what fees are payable by applicants and Treaty firms is set out in AUTH 4 Annex 1.6

AUTH 4.1.5AG

AUTH 4 Annex 2 R contains details of the application fees payable by applicants seeking to obtain permission to carry out any of the activities included in the A.2 (mortgage lenders and administrators), A.18 (mortgage lenders, advisers and arrangers) and A.19 (general insurance mediation) activity groups, for the period before these activities begin to be subject to regulation.54

AUTH 4.1.6G

The rates set for authorisation fees represent an appropriate proportion of the costs of the FSA in processing the application or exercise of Treaty rights.

AUTH 4.1.7G

Except as set out in AUTH 4.1.7A G, applications (and exercises of Treaty rights) are categorised by the FSA for the purpose of fee raising as complex, moderately complex and straightforward as identified in AUTH 4 Annex 1. This differentiation is based on the permitted activities sought and does not reflect the FSA's risk assessment of the applicant (or Treaty firm).4

AUTH 4.1.7AG

For the period before the activities referred to in AUTH 4.1.5A G are subject to regulation, applications for the A.2 (mortgage lenders and administrators), A.18 (mortgage lenders, advisers and arrangers) and A.19 (general insurance mediation) activity groups are categorised by the FSA for the purpose of fee raising using a measure of the amount of business being undertaken by the person, as detailed in AUTH 4 Annex 2 R.54

AUTH 4.1.8G

A potential applicant (or Treaty firm) has the opportunity to discuss its proposed application (or exercise of Treaty rights) with the FSA before submitting it formally (see AUTH 3.9.1 G). If an applicant (or Treaty firm) does so, the FSA will be able to use that dialogue to make an initial assessment of the fee categorisation and therefore indicate the authorisation fee that should be paid.

AUTH 4.1.9G

See AUTH 3.9 in relation to the procedures for making applications for Part IV permission and AUTH 5 for procedures for the exercise of Treaty rights by Treaty firms.

AUTH 4.1.10G

Authorisation fees are not refundable.