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RCB 3.6 Fees and other matters

Administrative fee

RCB 3.6.1R

If an issuer or owner does not provide the notifications to the FCA required by directions made under this chapter by the date specified, then that issuer or owner must pay to the FCA an administrative fee of £250.

Further information and direction

RCB 3.6.2G

The FCA's exercise of its powers under Part 1 paragraph 3 of the Schedule to the RCB Regulations (power to require information) may include requesting information on the reviews undertaken or advice given by accountants and where appropriate lawyers.

RCB 3.6.3G

The form and content of the notifications in this chapter are a matter for direction by the FCA which will determine any additional information and documentation required on a case-by-case basis.

Review of legal advice

RCB 3.6.4G

The issuer or the owner, as the case may be, should review legal advice as necessary. For example, advice should be reviewed if a relevant statutory provision is amended or where a new decision or judgment of a court might have a bearing on the conclusions reached which is material to the issuer's or owner's compliance with the requirements of the RCB Regulations or the RCB.

Method of sending forms and information to FCA

RCB 3.6.5D

Unless otherwise stated, the issuer or the owner, as the case may be, must send the relevant forms and information to the FCA's address marked for the attention of the "Covered Bonds Team, Capital Markets Sector" by any of the following methods:

  1. (1)

    post; or

  2. (2)

    leaving it at the FCA's address and obtaining a time-stamped receipt; or

  3. (3)

    email to rcb@fca.org.uk.