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FEES 3 Annex 8 Fees payable for authorisation as an authorised payment institution or registration as a small payment institution in accordance with the Payment Services Regulations

R

1Authorisation and registration fees payable

Application type for authorisation or registration under Part 2 of the Payment Services Regulations

Amount payable

(1) small payment institution

500

(2) authorised payment institution - where the applicant is applying for authorisation to provide payment services in paragraph(s) (f) (money remittance) and/or (g) (consent given by electronic device) of Part 1 of Schedule 1 to the Payment Services Regulations

1,500

(3) authorised payment institution - where the applicant is applying for authorisation to provide payment services in any one or more of paragraph(s):

(a)

(cash placed on payment account);

(b)

(cash withdrawals enabled);

(c) (execution of direct debts,

etc);

(d) (execution of

direct debits, etc where credit line available);

(e) (issuing payments

and transactions)

of Part 1 of Schedule 1 to the Payment Services Regulations.

5,000

(4) authorised payment institution - where the applicant has or intends to have between 2,500 and 5,000 agents

12,500

(5) authorised payment institution - where the applicant has or intends to have more than 5,000 agents

25,000