Application fees: variation of permission

On 24 January we simplified our authorisation application fees including Variation of Permissions. In most cases, the application fee has increased. We have introduced fewer pricing categories to make our authorisation fees more transparent. Please refer to our recent Policy Statement for further details.

Any draft applications created before 24 January will incur the new charges.

The application fee for a variation of permission will depend on the change of scope to your firm’s regulated business. The fee is payable before we start to process your application and is non-refundable.

Scenario

Application Fee  

If the firm remains in the same fee block after varying its permission

Category 2

If the firm moves into a new fee block after varying its permission

50% of the fee for a new firm application for that fee block

If the firm moves into more than one new fee-block after varying its permission

The higher of any relevant fees

If the firm is maintaining or decreasing its scope of permissions

No application fee

You can find the charge for each category in FEES 3 Annex 1A. For more information please also see pricing categories for application fees. You can find information about the fee blocks FEES 4 Annex 1A.    

Due to the complex nature of some applications, the final fee may differ from the one quoted here. If you believe you should not be charged, or that you are being charged the incorrect amount, please call the Supervision Hub and DO NOT proceed to pay the fee requested or submit the application until this has been resolved. 

Payment types 

When you apply on Connect you can only pay by credit or debit card.  

You must use Connect to submit your application whenever possible. In the rare circumstances that you are unable to apply on Connect and are sending us a paper form, we can accept payment by:

  • Cheque − made payable to the 'Financial Conduct Authority', with your firm name and 6 digit firm reference number on the back.
  • Credit or debit card – Your case officer will contact you to arrange payment.