Authorisation application fee

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.

Financial services

Straightforward £1,500
Moderately complex £5,500
Complex £25,000

Most financial advisers, mortgage brokers and general insurance intermediaries’ applications will be straightforward with a fee of £1,500.

Asset managers 

Find out about fees for authorised and registered AIFMs, and the National Private Placement Regime (NPPR).

Banks and insurance firms

These firms are regulated by both the PRA and the FCA. Their payments incorporate fees for each regulator and should be made payable to the FCA.
Banks and insurance companies pay complex fees. 
Friendly societies pay straightforward fees.
Find out more about applying for PRA authorisation.

Consumer credit

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

Community finance organisations (CFOs), credit unions and not-for-profit(NFP) debt advice bodies

Credit unions pay £200 to register a common bond and £300 for authorisation as a deposit taker. They are jointly regulated by the PRA so their fees are split between the two regulators.
CFOs pay the financial services fees listed in the first table above or £300 for authorisation as a home finance provider or home finance administrator.
Credit unions and CFOs pay £200 for full consumer credit permission. Since credit unions have to be authorised as deposit takers, they are only eligible for full permission.
CFOs applying for limited consumer credit permission pay:

  • £100 if they have consumer credit income up to £50,000
  • £200 if they have consumer credit income above £50,000

NFP debt advice bodies pay no consumer credit application fee.

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.

Calculate your annual fee

More information

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