FEES 3 Annex 1 Authorisation fees payable
Part 1 - Authorisation fees payable R
Application type (see Part 2) |
Amount payable |
(a) Credit unions - registration of common bond |
200 |
(b) Version 1 credit unions - authorisation |
300 |
(c) Version 2 credit unions - authorisation |
1,800 |
(d) Straightforward |
1,500 |
(e) Moderately complex |
5,000 |
(f) Complex |
25,000 |
Part 2 - Complexity Groupings Straightforward Cases R
Straightforward cases |
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Activity grouping |
Description |
|
A.3 |
Friendly societies only |
|
A.4 |
Friendly societies only |
|
A.12 |
Advisory arrangers, dealers or brokers (holding or controlling client money and/or assets) |
|
A.13 |
Advisory only firms and advisory arrangers, dealers or brokers (not holding or controlling client money and/or assets) |
|
A.14 |
Corporate finance advisers |
|
A.181 |
Home finance providers4, advisers and arrangers (excluding home finance providers4)1 44 |
|
A.191 |
General insurance mediation1 |
Moderately Complex Cases R
Moderately complex cases |
|
Activity grouping |
Description |
A.1 |
E-money issuers only |
A.21 |
Home finance providers4 and administrators1 4 |
5A.3 |
|
5A.4 |
|
A.5 |
Managing agents at Lloyd's |
A.7 |
Fund managers |
A.9 |
Operators, trustees and depositaries of , operators of personal pension schemes and operators of stakeholder pension schemes3 |
A.10 |
|
B. |
Complex Cases R
Complex cases |
|
Activity grouping |
Description |
A.1 |
Deposit acceptors (excluding e-money issuers and credit unions) |
A.3 |
Insurers - general (excluding friendly societies and UK ISPVs5) |
A.4 |
Insurers - life (excluding friendly societies and UK ISPVs5) |
Part 4 - Authorisation Fees for Treaty Firms R
If the Treaty firm wishes to undertake the permitted activities in question through its branch in the United Kingdom, the fee is 50% of the fee that would be payable under FEES 3.2.7 R for an applicant for Part IV permission. |
If the Treaty firm wishes to undertake the permitted activities in question by providing services in the United Kingdom, the fee is 25% of the fee which would be payable under FEES 3.2.7 R for an applicant for Part IV permission. |
Part 5 - Activity Groupings R
The activity group definitions are set out in FEES 4 Annex 1R2 2 |
Part 6 - Change of legal status2
2An application involving only a simple change of legal status for the purposes of FEES 3.2.7 R is from an applicant: 2 |
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(1) which is a new legal entity intending to carry on the business, using the same business plan, of an existing firm with no outstanding regulatory obligations cancelling its Part IV permission, and |
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(2) which is to: |
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(a) have the same or narrower permission, and the same branches (if any), as the firm; |
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(b) assume all of the rights and obligations in connection with the regulated activities carried on by the firm; |
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(c) continue the same compliance arrangements and compliant client asset and client money procedures, as the firm, subject to any changes required only as a result of the change of legal status; |
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(d) continue with a risk profile and arrangements for controlling and monitoring risk which will not be materially different from those of the firm; and |
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(e) have the individuals within the firm that are responsible for insurance mediation activity perform the same role for the applicant. |