1This Appendix is relevant to:
persons applying to become professional body supervisors; and
professional body supervisors.
1The purpose of this Appendix is to set out the requirements for professional body supervisors to pay the application and periodic fees which, together, will provide the funding for the FCA’s functions under the Oversight of Professional Body Anti-Money Laundering and Counter Terrorist Financing Supervision Regulations 2017 (“the OPBAS Regulations”).
1Regulation 27 of the OPBAS Regulations, in summary, provides that the FCA may impose charges on:
a person applying to become a professional body supervisor; and
an existing professional body supervisor to recover its costs of supervision.
1In this Appendix:
a “note” (indicated by “Note:”) after a provision indicates, for the convenience of readers, that it is a provision made pursuant to Regulation 27 of the OPBAS Regulations; and
a “G” in the margin indicates that the provision is guidance, which is designed to throw light on a particular aspect of a direction or the provisions imposing charges, but is neither binding nor an exhaustive description of a professional body supervisor’s obligations.