Find out how much your authorisation fee is likely to be before you go ahead with your application.
The authorisation fee you’ll have to pay depends on whether your application is straightforward, moderately complex or complex.
Application fee guide
|
|
Consumer credit firm |
Other financial services provider |
|---|---|---|
|
Straightforward |
£100 to £5,000 |
£1,500 |
|
Moderately complex |
£800 to £10,000 |
£5,000 |
|
Complex |
£1,000 to £15,000 |
£25,000 |
Most financial advisers, mortgage brokers and general insurance intermediaries’ applications will be straightforward with a fee of £1,500.
Consumer credit firm application fees
The application fee for the authorisation of a consumer credit firm depends on its consumer credit income and whether it will need limited or full permission from us to carry on regulated activities.
Full permission application
|
Consumer credit income |
Up to £50k |
Over £50k to £100k |
Over £100k to £250k |
Over £250k to £1m |
Over £1m |
|---|---|---|---|---|---|
|
Straightforward |
£600 |
£750 |
£1,000 |
£1,500 |
£5,000 |
|
Moderately complex |
£800 |
£1,000 |
£1,500 |
£5,000 |
£10,000 |
|
Complex |
£1,000 |
£1,250 |
£2,000 |
£7,000 |
£15,000 |
Limited permission application
|
Consumer credit income |
Up to £50k |
Over £50k |
|---|---|---|
|
Straightforward |
£100 |
£500 |
Banks, credit unions and insurance firms
These firms are regulated by both the PRA and the FCA. They pay the charges listed above, but their payments incorporate fees for each regulator and should be made payable to the FCA.
Find out more about applying for PRA authorisation
Community finance organisation
The application fee is:
- either £300 (£200 for registration plus £100 for authorisation)
- or £350 (if applying to carry out business other than credit-related activity)
Not-for-profit debt advice body
The application fee is nil.
Change of legal status
If your application involves only a change of legal status, your authorisation fee will be:
- 50% of the full fee for a straightforward or moderately complex application
- 100% of the full fee for a complex application
How to pay the application fee
Use a credit or debit card when you apply via our online system Connect. You won’t actually be able to submit an application without paying the fee. The fee is non-refundable.
Annual fee
The authorisation application fee is a one-off fee. In addition to this fee, you’ll also have to pay us a fee each year. We’ll contact you about this. In your first year, you will pay only a proportion of the fee (based on the number of months remaining in the fee-year).
We are entirely funded by the firms we regulate and aim to cover our costs as fairly and efficiently as possible.
More information
- Check our Handbook for full details of our authorisation fees
- Find out more about annual fees for consumer credit firms
- Find out how we define ‘consumer credit income’ (PDF)
- Find out more about authorisation and changing your legal status
- See how we calculate our annual fees