Pricing categories for application fees

On 24 January 2022, we revalorised and restructured our application fees. They are now based on the 10 pricing categories listed below (listed in FEES 3 Appendix 1AR).

We consulted on the new structure in November 2020 and provided feedback in April 2021. On 10 January we published a Policy Statement setting out the changes.

At the same time, we introduced some additional new charges:

  • a lower category 3 charge of £1,000 when firms that apply for the credit-related permissions of debt counselling and debt adjusting request restrictions on their permitted activity because it is ancillary to their main business. 
  • a lower category 4 charge of £2,500 for lead generator Claims Management Companies applying only for the permission to seek out people who may have a claim.   

On 27 May 2022, we introduced a Category 1 fee for a standalone Form A when the following criteria is satisfied:

  • It is triggered by submission of a standalone Long Form A (as defined in the FCA handbook - SUP10C Annex 3D). The payment is per form submitted. 
  • The charge is only triggered when a standalone application is made. If the Long Form A is submitted as part of an application for authorisation, a variation of permission (VoP) or a notification of registration of an appointed representative, it will not be charged. 
  • Applications submitted in the course of making arrangements for changes in control (CiCs) will be treated as standalone applications and incur fees since they are not usually linked directly to a single original CiC application.

We have set out the simplified pricing structure in the table below and grouped the permissions within each category. Please refer to FEES 3 Annex 1AR for the pricing categories.

Draft approved persons applications not submitted by 27 May 

Are draft applications that are submitted once the new fee has taken effect subject to the new charge?

Yes. If firms wish to avoid paying the revised fee they should submit their complete application ahead of that date. Draft applications not submitted by 27 May will incur the new fee when submitted.  

Before submitting an application, we expect firms to take regulation seriously and plan how they will meet the standards of the regulatory system before they apply.

When we consider the extent to which a firm has planned ahead, we ask ourselves whether the applicant is ready, willing and organised when making their application. For more information on our expectations of applicants and application see the authorisations section of our website. 

What's the process if I’m mid-way through an application? Will I get a warning of the new charge if I do not submit by 6pm on Thursday 26 May?

No, a warning will not be provided. We have added a message on the Connect landing page for those submitting applications, which states the date when the new application fees are due to take effect.  

What’s the process if I’m midway through an application, but unable to submit before 27 May due to an FCA system error. Can I pay no fee?

Under normal circumstances the new fee will apply, however we can consider on a case-by-case basis. Contact the Supervision Hub if you need to discuss this further.

Charging categories and permissions

Reference in FEES manual

Category 1

Fee-block G.20: CBTL lender – Applicant with Part 4A permission  

FEES 3 Annex 10AR: Consumer buy-to-let  

Fee-block G.21: CBTL arranger or adviser – Applicant with Part 4A permission  

FEES 3 Annex 10AR: Consumer buy-to-let  

Fee-block G.1: Registration under the Money Laundering Regulations  

FEES Appendix 3R: Money-laundering regulations, not cryptoasset businesses 

Fee-block C: AIFM UK Reg 58 – giving notice  

FEES 3 Annex 2R: Collective investment schemes  

Fee-block CC1, CC2: Community finance organisations

FEES 3 Annex 1R: Authorisation fees payable in the A, B, C, CC and CMC fee-blocks

Payment Services: Notification of electronic communications exclusion  

FEES 3 Annex 8R: Payment Services Regulations  

Fee-block C: AIFM UK Reg 57 – giving notice  

FEES 3 Annex 2R: Collective investment schemes  

Fee-block C: AIFM UK Reg 59 – giving notice  

FEES 3 Annex 2R: Collective investment schemes  

Fee-block A.2: Community finance organisation  

FEES 3 Annex 1R: Authorisation fees payable in the A, B, C, CC and CMC fee-blocks  

Payment Services: Notification of limited network exclusion  

FEES 3 Annex 8R: Payment Services Regulations  

Fee-block C: FSMA s 272, Money Market Funds Reg – fund exists prior to 2018  

FEES 3 Annex 2R: Collective investment schemes

Senior management regime application FEES 3 Annex 15: FCA Transaction fees

Category 2

VoP within the same fee-block

FEES 3 Annex 16R: variations of permission

Fee-block G.4: Small payment institution  

FEES 3 Annex 8R: Payment Services Regulations 

Fee-block C: Money Market Funds Reg Art 5 – UK AIF, not non-UCITS retail or qualified investor scheme  

FEES 3 Annex 2R: Collective investment schemes  

Fee-block C: Money Market Funds Reg Art 5 – Non-UK AIF, not marketed in UK  

FEES 3 Annex 2R: Collective investment schemes  

Fee-block CC1: Limited consumer credit permission  

FEES 3 Annex 1R: Authorisation fees payable in the A, B, C, CC and CMC fee-blocks  

Fee-block G.20: CBTL lender – Applicant without Part 4A permission  

FEES 3 Annex 10AR: Consumer buy-to-let  

Fee-block G.21: CBTL arranger or adviser – Applicant without Part 4A permission  

FEES 3 Annex 10AR: Consumer buy-to-let  

Registration as Protected cell company under Reg 14 Risk Transformation Regulations  

FEES 3 Annex 14R: Other FCA application fees 

Category 3

Fee-block C: FSMA s 264 – operator giving notice  

FEES 3 Annex 2R: Collective investment schemes  

Fee-block C: Money Market Funds Reg Art 5 – Non- UK AIF, not managed by AIFM but marketed in UK  

FEES 3 Annex 2R: Collective investment schemes  

Fee-block C: Money Market Funds Reg Art 5 – Non- UK AIF, marketed in UK  

FEES 3 Annex 2R: Collective investment schemes  

Fee-block G.11: Small electronic money institution  

FEES 3 Annex 10R: Electronic Money Regulations  

Benchmark endorser  

FEES 3 Annex 14R: Other FCA application fees 

Fee-block G.26: Third party verifier  

FEES 3 Annex 14R: Other FCA application fees 

Fee-block G.3: Registered account service provider – activity (h)  

FEES 3 Annex 8R: Payment Services Regulations 

Fee-block CC2: Straightforward consumer credit applications 

FEES 3 Annex 1R: Authorisation fees payable in the A, B, C, CC and CMC fee-blocks 

Validation order: agreement up to £500,000 

FEES 3 Annex 15R: FCA transaction fees 

Category 4

Fee-block C: OEIC Reg 12- UCITS scheme  

FEES 3 Annex 2R: Collective investment schemes  

Fee-block C: FSMA s 242 – UCITS scheme  

FEES 3 Annex 2R: Collective investment schemes  

Fee-block C: FSMA s 261C – UCITS scheme  

FEES 3 Annex 2R: Collective investment schemes  

Fee-block C: OEIC Reg 12 – Non-UCITS retail scheme  

FEES 3 Annex 2R: Collective investment schemes  

Fee-block C: FSMA s 242 – Non-UCITS retail scheme

FEES 3 Annex 2R: Collective investment schemes  

Straightforward fee: Fee-blocks A3, A4, A13, A14, A18, A19, A21, some benchmark administrators

FEES 3 Annex 1R: Authorisation fees payable in the A, B, C, CC and CMC fee-blocks

Fee-block G.3: Authorised payment institution – activities (f) – (h)

FEES 3 Annex 8R: Payment Services Regulations

Fee-block C: FSMA s 272 – UK AIF equivalent to qualified investor scheme  

FEES 3 Annex 2R: Collective investment schemes  

Fee-block C: FSMA s 261C – Non-UCITS retail scheme  

FEES 3 Annex 2R: Collective investment schemes  

Recognition as an accredited body  

FEES 3 Annex 14R: Other FCA application fees 

Validation order: agreement £500,000 - £750,000 

FEES 3 Annex 15R: FCA transaction fees 

Claims Management Company – lead generator only 

FEES 3 Annex 1R: Authorisation fees payable in the A, B, C, CC and CMC fee-blocks 

Category 5  

Fee-block C: OEIC Reg 12 – Qualified investor scheme  

FEES 3 Annex 2R: Collective investment schemes 

Fee-block C: FSMA s 242 – Qualified investor scheme  

FEES 3 Annex 2R: Collective investment schemes  

Fee-block C: FSMA s 261C – Qualified investor scheme  

FEES 3 Annex 2R: Collective investment schemes  

Fee-block C: ELTIF Reg Art 5 – AIF  

FEES 3 Annex 2R: Collective investment schemes  

Recognition as benchmark administrator  

FEES 3 Annex 14R: Other FCA application fees 

Fee-block G.3: Authorised payment institution – activities (a) – (e)  

FEES 3 Annex 8R: Payments services Regulations  

Fee-block G.10: Authorised electronic money institution  

FEES 3 Annex 10R: Electronic Money Regulations  

Authorisation under Reg 7 of Data Reporting Service Regulations  

FEES 3 Annex 14R: Other FCA application fees 

Fee-block CC2: ‘Moderately complex’ charge for consumer credit –  

FEES 3 Annex 1R: Authorisation fees payable in the A, B, C, CC and CMC fee-blocks 

Validation order: agreement £750,000 - £1,000,000 

FEES 3 Annex 15R: FCA transaction fees 

Category 6

Moderately complex fee: Fee-blocks A2, A3, A5, A7, A9, A10, Service companies, some benchmark administrators

FEES 3 Annex 1R: Authorisation fees payable in the A, B, C, CC and CMC fee-blocks

Fee-group G.15: Change to terms of regulated covered bond

FEES 3 Annex 15R: FCA transaction fees 

Fee-block C: FSMA s 272 – non-UK AIF equivalent to non-UCITS retail scheme or qualified investor scheme

FEES 3 Annex 2R: Collective investment schemes 

Fee-block D: Application to become designated professional body

FEES 3 Annex 14R: Other FCA application fees 

Fee-block CC2: Complex consumer credit applications 

FEES 3 Annex 1R: Authorisation fees payable in the A, B, C, CC and CMC fee-blocks 

Fee-block G.25: Data reporting service provider, non-transaction reporting  

FEES 3 Annex 14R: Other FCA application fees 

Fee-block CMC: Claims management company (not lead generator only) 

FEES 3 Annex 1R: Authorisation fees payable in the A, B, C, CC and CMC fee-blocks 

Fee-block G23: Cryptoasset businesses  

FEES Appendix 4R: Cryptoasset businesses 

Insurance business transfer scheme – not long term  

FEES 3 Annex 15R: FCA transaction fees 

Validation order: agreement £1,000,000 - £7,500,000 

FEES 3 Annex 15R: FCA transaction fees 

Category 7

Insurance business transfer scheme – long term  

FEES 3 Annex 15R: FCA transaction fees 

Fee-block G.25: Data reporting service provider – connection for transaction reporting  

FEES 3 Annex 14R: Other FCA application fees 

Fee-group G.15: Registration of regulated covered bond, mainly UK mortgages  

FEES 3 Annex 15R: FCA transaction fees 

Validation order: agreement above £7,500,000 

FEES 3 Annex 15R: FCA transaction fees 

Category 8

Complex fee: Fee-blocks A1, A3, A4, MTF/OTF, some benchmark administrators

FEES 3 Annex 1R: Authorisation fees payable in the A, B, C, CC and CMC fee-blocks

Fee-block B: UK RIE offering safeguarding and administration services

FEES 3 Annex 3R: Recognised Investment Exchanges

Fee-block B: UK RIE using new and untested IT systems  

FEES 3 Annex 3R: Recognised Investment Exchanges  

Fee-block C: ROIE offering safeguarding and administration services  

FEES 3 Annex 3R: Recognised Investment Exchanges  

Fee-group G.15: Registration of regulated covered bond  

FEES 3 Annex 15R: FCA transaction fees 

Category 9

Fee-block B: Recognised Overseas Investment Exchange  

FEES 3 Annex 3R: Recognised Investment Exchanges 

Fee-block B: Designated investment exchange  

FEES 3 Annex 14R: Other FCA application fees 

Category 10    

Fee-block C: UK Recognised Investment Exchange          

FEES 3 Annex 3R: Recognised Investment Exchanges

Page updates

27/05/2022: Information added
05/05/2022: Information added
24/01/2022: Information added