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    2024-05-20

FEES 3 Annex 10 2Fees payable under the Electronic Money Regulations, including for authorisation as an authorised electronic money institution, registration as a small electronic money institution or variation thereof and notification fees, in accordance with the Electronic Money Regulations3

FEES 3 Annex 10R

Authorisation, registration and variation fees payable

1Application type for authorisation, registration, variation or notification under Part 2 of the Electronic Money Regulations2

2

Applicable pricing category in FEES 3 Annex 1AR3

(1) small electronic money institution

33

(2) authorised electronic money institution

53

2(3) electronic money institution - where, at the time the application is made, the applicant intends to use agents

3 for each agent registered with the FCA at the time of application.

This fee is in addition to any fees due under paragraph (1) or (2) of this table.

2(4) electronic money institution - where, during the course of the FCA financial year (12 months ending 31 March), the firm notifies the FCA of any changes to the list of agents it has registered since its authorisation

3 for each change notified to the FCA during the FCA financial year.

No fee is due under paragraph (4) if the total number of notifications to the FCA during the FCA financial year numbers 100 or less.

3(5) An authorised electronic money institution applying to vary its authorisation under regulation 8 of the Electronic Money Regulations.

(a)

Subject to (5)(b) below, where the authorised electronic money institution is applying to vary its authorisation to increase the services that it can carry on.

50% of 5

(b)

Where the authorised electronic money institution applies to vary its authorisation to provide one of both of the one or both of the payment services in paragraphs (g) and (h) of Part 1 of Schedule 1 to the Payment Services Regulations.

50% of 4

3(6) A small electronic money institution applying for a variation of registration under regulation 12 of the Electronic Money Regulations.

50% of 3