FEES 3 Annex 6A Fees payable for a permission or guidance on its availability in connection with the EU CRR

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1Part 1

Fees payable in relation to internal approaches that require permission under Part Three of the EU CRR other than the internal model method for counterparty credit risk.

(1) Subject to (3), for applications made to the 2FCA to authorise a new internal approach:

(i) where the application relates to 2IFPRU investment firms

and to five or more significant overseas entities within the same group (Group 1) and the application is for a permission to use one of the internal approaches in Tables 1 or 2 or guidance on the availability of such a permission, the fees in Table 1 are applicable; and

(ii) for all other 2IFPRU investment firms the fees in Table 2 are applicable.

(2) 2[deleted]

(3) If however the application or request for assistance is in relation to the use of the Advanced IRB approach and the 2FCA (in the case of (1)) has already granted permission for the use of the Foundation IRB approach then 2Table 3 applies.

(4) References to the internal approaches in Tables 1, 2 and 3 are to be construed as follows:

(i) Foundation IRB means the internal approach for credit risk referred to in article 143(1) of the EU CRR;

(ii) Advanced IRB means the internal approach for credit risk referred to in article 151(4) and (9) of the EU CRR; and

(iii) AMA means the internal approach for operational risk referred to in article 312(2) of the EU CRR.

(5) All fees are shown in £.

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Table 1

Application group

Description of group

Application fee

Advanced IRB (‘000)

Foundation IRB (‘000)

AMA (‘000)

Group 1

Five or more significant overseas entities as described in more detail in the definition of Group 1 in the introduction to Part 1 of this Annex

268

232

181

Table 2

Application group

Description of Group

Application fee

Modified eligible liabilities (m)

Number of traders as at 31 December prior to the 2FCA's2fee year in which the fee is payable

22

Advanced IRB (‘000)

Foundation IRB (‘000)

AMA (‘000)

Group 2

>40,000

>200

232

198

146

Group 3

>5,000 - 40,000

26 - 200

94

72

51

Group 4

0-5,000

0 - 25

42

30

24

(1) For the purposes of Table 2, a firm's A.1 or A10 tariff data for the relevant period will be used to provide the value of modified eligible liabilities or number of traders.

Table 3 (Advanced IRB approach where the 2FCA or consolidating supervisor has already given permission to use Foundation IRB)

2

Application group

Advanced IRB Application fee

Group 1

67,000

Group 2

58,000

Group 3

23,500

Group 4

10,500

The four application groups have the same meaning as they do in Tables 1 and 2.