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

CIS 18 Annex 2 Application and notification fees payable2The provisions relating to collective investment scheme fees are set out in FEES 1, 2, 3 and 42

R

Legislative provision

Nature and purpose of fee

Payable by

Amount of fee

Umbrella scheme factor (note 1)

Regulation 12 of the OEIC Regulations

On application for an order declaring a scheme to be an ICVC

An applicant (note 2)

£1,200

2

Section 242 of the Act

On application for an order declaring a scheme to be an AUT

An applicant (note 2)

£1,200

2

Section 264 of the Act

On giving notice under section 264 of the Act

The operator (note 3)

£600

2

Section 270 of the Act

On giving notice under section 270 of the Act

The operator (note 3)

£600

2

Section 272 of the Act

On application for an order declaring a scheme to be an individually recognised overseas scheme

An applicant (note 2)

£14,000

2

Notes:

1.

For an umbrella scheme the fee is multiplied by the factor shown in the final column of the table.

2.

The fee must accompany the application.

3.

The fee must accompany the notice.1