Content Options

Add to favourites

View Options

More Resources:

External link Handbook Publications

SUP 20.7 Waiver application guidance fees regarding the Basel Capital Accord1

SUP 20.7.1R
  1. (1)

    A firm submitting a first application for guidance on the availability of a waiver or concession in connection with future rules implementing the revised Basel Capital Accord (including any amendments), must pay to the FSA a fee applicable to it as specified in SUP 20 Annex 4 R.

  2. (2)

    A firm submitting a second application for guidance described in (1) within 12 months of the first application made in accordance with (1) must pay 50% of the fee applicable to it under SUP 20 Annex 4 R, but only in respect of that second application.

  3. (3)

    Any payment under (1) or (2) must be made on or before the date on which the application is made, in full and without any deduction.

SUP 20.7.2G

The FSA's power to charge in respect of guidance is derived from section 157(4)(c) of the Act. An application for guidance will not be considered by the FSA until the fee has been paid and the fee is non-refundable.

SUP 20.7.3G

A firm submitting third and subsequent applications for guidance described in SUP 20.7.1 R will be required to pay at the full rates specified in SUP 20 Annex 4 R in respect of those applications.