FEES 3 Annex 2 Application and notification fees payable in relation to collective investment schemes, ELTIFs, money market funds and AIFs marketed in the UK654

R

Legislative provision

Nature and purpose of fee

Payable by

Amount of fee (£)4

4

Umbrella factor (note 1)1

1

Part 1 [deleted]1

1

[deleted]1

1

[deleted]1

1

[deleted]1

1

[deleted]1

1

[deleted]1

1

[deleted]1

1

[deleted]1

1

[deleted]1

1

[deleted]1

1

[deleted]1

1

[deleted]1

1

[deleted]1

1

[deleted]1

1

[deleted]1

1

[deleted]1

1

Part 2 Application fees payable for firms to be subject to COLL

Regulation 12 of the OEIC Regulations1

This section applies to funds where an application is also made to be authorised under the Money Market Funds Regulation.6

1

On application for an order declaring a scheme to be an ICVC, where the scheme is:

An applicant

2

UCITS scheme

1,200

Non-UCITS retail scheme

1,500

Qualified investor scheme

2,400

Section 242 of the Act

This section also applies to funds where an application is also made to be authorised under the Money Market Funds Regulation6

On application for an order declaring a scheme to be an AUT, where the scheme is:

An applicant

22

UCITS scheme

1,200

Non-UCITS retail scheme

1,500

Qualified investor scheme

2,400

2Section 261C of the Act

This section also applies to funds where an application is also made to be authorised under the Money Market Funds Regulation6

On application for an order declaring a scheme to be an ACS, whether it is established as a co-ownership scheme or a limited partnership scheme, where the scheme is a:

An applicant

2

UCITS scheme

1,200

6

non-UCITS retail scheme

1,500

6

qualified investor scheme

2,400

6

Section 272 of the Act

On application for an order declaring a scheme to be recognised where the scheme is:3

3

An applicant

3 3

3an EEA AIF equivalent to a non-UCITS retail scheme

1,5003

23

3an EEA AIF equivalent to a qualified investor scheme

2,4003

23

3a non-EEA AIF equivalent to a non-UCITS retail scheme or a qualified investor scheme

8,0003

23

Where funds of any kind set out in Part 2 exist prior to 21 July 2018, a flat fee will be payable on an application for authorisation under the Money Market Funds Regulation6

3006

Part 2A Application fees payable for firms applying for a UK AIF to be authorised under the ELTIF regulation 5

Article 5 of the ELTIF regulation5

On application for an AIF to be authorised under the ELTIF regulation5

An applicant5

2,4005

25

6Part 2B Application fees payable for UK or non-EEA firms applying for authorisation under article 5 of the Money Market Funds Regulation

Article 5 of the Money Market Funds Regulation

UK AIF (apart from those authorised as a non-UCITS retail scheme or a qualified investor scheme)

500

Non-EEA AIF which is marketed in the UK/EEA without a passport

750

Non-EEA AIF which is marketed in the UK/EEA with a passport or is not marketed in the UK/EEA

500

Non-EEA AIF which is not managed by an EU AIFM but is marketed in the UK/EEA with a passport

750

Part 3 (notifications)

Section 264 of the Act

On giving notice under section 264 of the Act

The operator

600

23

4Part 4 (Alternative Investment Funds: fees payable for making a notification to the FCA to market an AIF)

4Regulation 57 of the AIFMD UK regulation

On giving notice under regulation 57 of the AIFMD UK regulation

the AIFM

250 per AIF

N/A

4Regulation 58 of the AIFMD UK regulation

On giving notice under regulation 58 of the AIFMD UK regulation

the AIFM

125 per AIF

N/A

4Regulation 59 of the AIFMD UK regulation

On giving notice under regulation 59 of the AIFMD UK regulation

the AIFM

250 per AIF

N/A

The fees in this Part are payable in addition to any other authorisation application fees.6

6Part 5 (Administration fee for money market funds that exist prior to 21 July 2018 which need to apply for authorisation by the FCA by 21 January 2019)

Article 4 of the Money Market Funds Regulation

On application by an existing money market fund which from 21 July 2018 seeks to be authorised under the Money Market Funds Regulation

21 July 2018

300

2

Notes:

1.

For an umbrella1 the fee is multiplied by the factor shown in the final column of the table.

1