Source: https://www.handbook.fca.org.uk/handbook/FEES/4/3.html?date=2016-02-03
Timestamp: 2019-05-26 00:12:44
Document Index: 291356204

Matched Legal Cases: ['art 2', 'art 7', 'art 1', 'art 1', 'art 2', 'art 2', 'art 2', 'art 4', 'art 4', 'art 1', 'art 1', 'art 3', 'art 3', 'art 4', 'art 4']

FEES 4.3.1R 23/07/2013 RP
any deductions from the periodic fee specified in Part 2 of FEES 4 Annex 2AR, FEES 4 Annex 2BR or Part 7 of23 23FEES 4 Annex 11. 7
FEES 4.3.2G 01/04/2014 RP
The amount payable by each firm will depend upon the category (or categories) of regulated activities or payment services 7it is engaged in (fee-blocks)and whether it is issuing electronic money,10 and on the amount of business it conducts in each category (tariff base). The fee-blocks and tariffs are identified in FEES 4 Annex 1AR in respect of the FCA and FEES 4 Annex 1BR in respect of the PRA2323 (and guidance on calculating certain of the tariffs is at FEES 4 Annex 12 G and (for the FCA only) FEES 4 Annex 13G15) ,8 while 23 FEES 4 Annex 2AR in respect of the FCA and FEES 4 Annex 2BR in respect of the PRA set23 out the tariff rates for the relevant fee year.22 In the case of firms that provide payment services and/or issue electronic money10, the relevant fee blocks, tariffs and rates are set out in FEES 4 Annex 11.7
identify each of the tariffs set out in Part 1 of FEES 4 Annex 2AR and Part 1 of FEES 4 Annex 2BR2323 which apply to the business of the firm for the period specified in that annex;
add together the amounts calculated under (2) in relation to fees payable to the FCA and, if applicable, separately add together the amounts calculated under (2) in relation to the fees payable to the PRA23;
work out whether an A.0, CC.0 or a PA.0 minimum fee is payable under Part 2 of FEES 4 Annex 2AR and Part 2 of FEES 4 Annex 2BR and if so how much (except that that minimum fee is not payable again by a firm whose permission is extended if the fee was already payable before the extension)23;9
23work out whether a PT.1 PRA transitional fee is payable under Part 2 of FEES 4 Annex 2BR and if so how much;
9add together the amounts calculated under (3), (4) and (4A) that relate to fees payable to the FCA and, if applicable, separately adding together the amounts calculated under (3), (4) and (4B) that relate to fees payable to the PRA23; and
for payment by direct debit, successful collection of the amount due is made at the first attempt by the FCA (in its own capacity and, if applicable, in its capacity as agent for the PRA)22; or
for payment by credit transfer, the amount due is received by the FCA (in its own capacity and, if applicable, in its capacity as agent for the PRA)22 on or before the due date.
FEES 4.3.5R 01/04/2013 RP
The periodic fee referred to in FEES 4.3.1 R in relation to the Society is specified against its name in 23 FEES 4 Annex 2AR and FEES 4 Annex 2BR23.
Subject to FEES TP 8, if23 the firm's, designated professional body's, recognised investment exchange's, 12or regulated covered bond issuer's 11periodic fee for the previous fee year23 was at least £50,000, it11 must pay the FCA:23
an amount equal to 50% of the FCA23 periodic fee payable for the previous fee year, by 30 April or, if later, within 30 days of the date of the invoice, in the fee year23 to which the sum due under FEES 4.2.1 R relates; and
the balance of the FCA23 periodic fee due for the current fee year by 1 September or, if later, within 30 days of the date of the invoice, in the fee year 23 to which that sum relates.
23Subject to FEES TP 8, if the firm is also a PRA-authorised person and its periodic fee for the previous fee year was at least 50,000, it must pay the PRA (through the FCA acting as its collection agent):
an amount equal to 50% of the PRA periodic fee payable for the previous fee year, by 30 April in the fee year to which the sum due under FEES 4.2.1 R relates; and
the balance of the PRA periodic fee due for the current fee year by 1 September or, if later, within 30 days of the date of the invoice, in the fee year to which that sum relates.
2323If the firm paid periodic fees to both the FCA and the PRA in the previous fee year, FEES 4.3.6R (1) and (1A) only apply if the firm's combined FCA and PRA periodic fees for that fee year were at least £50,000.
If a firm has applied to cancel its Part 4A permission22 in the way set out in SUP 6.4.5 D (Cancellation of permission), or its status as a payment institution under regulation 10 of the Payment Services Regulations (Cancellation of authorisation) or as regulation 10 is applied by regulation 14 of the Payment Services Regulations (Supplementary provisions), or its status as an electronic money issuer under regulation 10 of the Electronic Money Regulations (Cancellation of authorisation) or as regulation 10 is applied by regulation 15 of the Electronic Money Regulations (Supplementary provisions), 10then (1) and (2) do not apply but it must pay the total amount due when the application is made.
If the appropriate regulator22 has exercised its own-initiative powers to cancel a firm's2 Part 4A permission22, then (1) and (2) do not apply but the firm must pay the total amount due immediately before the cancellation becomes effective.
If the FCA has cancelled a firm's authorisation or registration under regulation 10 of the Payment Services Regulations or regulation 10 of the Electronic Money Regulations 10 or its registration under regulation 10 as applied by regulation 14 of the Payment Services Regulations or its registration under regulation 10 as applied by regulation 15 of the Electronic Money Regulations, 10 then (1) and (2) do not apply but the firm must pay the total amount due immediately before the cancellation becomes effective.7
(In relation to PRA-authorised persons only) paragraphs (1A) and (2) do not apply to any Solvency 2 Special Project fee or Solvency 2 Implementation fee (as defined in FEES 4 Annex 2B) and such fees are not taken into account for the purposes of the split in (1A). Instead any Solvency 2 Special Project fee or Solvency 2 Implementation fee is payable on the date specified in (1A)(b) or (2) (depending on which applies to the rest of its periodic fee) or any earlier date required by (3) or (4).14
it notifies the FCA (in its own capacity and, if applicable, in its capacity as agent for the PRA)22 in writing of the name of each other firm within the group for which it will pay; and
If the payment made does not satisfy in full the periodic fees payable by all of the members of the group notified to the FCA22 under FEES 4.3.7 R, the FCA (in its own capacity and, if applicable, in its capacity as agent for the PRA)22 will apply the sum received among the firms which have been identified in the notification given under FEES 4.3.7R (1) in proportion to the amounts due from them. Each firm will remain responsible for the payment of the outstanding balance attributable to it.
If a firm pays its fees through an agent outside the scope of FEES 4.3.7 R, the firm is responsible for ensuring that the FCA (in its own capacity and, if applicable, in its capacity as agent for the PRA)22 is informed that the sum being paid is for that firm's periodic fees.
FEES 4.3.11G 01/04/2013 RP
The appropriate regulator recognises that its responsibilities in respect of an incoming EEA firm,7 an incoming Treaty firm, an EEA authorised payment institution7 or an EEA authorised electronic money institution10 are reduced compared with a firm which is incorporated in the United Kingdom. Accordingly the periodic fees which would otherwise be applicable to incoming EEA firms,7 incoming Treaty firms,10 EEA authorised payment institutions7 and EEA authorised electronic money institutions10 are reduced.
FEES 4.3.12R 01/04/2013 RP
the tariffs set out in 23 Part 1 of FEES 4 Annex 2AR and, if applicable, Part 1 of FEES 4 Annex 2BR23 are applied only to the regulated activities of the firm which are carried on in the United Kingdom; and
those tariffs are modified in accordance with Part 3 of FEES 4 Annex 2AR and, if applicable, Part 3 of FEES 4 Annex 2BR2323.
a firm makes an application to vary its permission (by reducing its scope), or cancel it, in the way set out in SUP 6.3.15 D (3) (Variation of permission) and SUP 6.4.5 D (Cancellation of permission), or applies to vary (by reducing its scope) or cancel its authorisation or registration (regulation 8 and 10(1) of the Payment Services Regulations including as applied by regulation 14 of the Payment Services Regulations) or applies to cancel its authorisation or registration (regulation 10 and 12 of the Electronic Money Regulations including as applied by regulation 15 of the Electronic Money Regulations) ; 107an issuer makes an application for de-listing; or a sponsor notifies the 7FCA of its intention to be removed from the list of approved sponsors; 1and
FEES 4.2.1 R applies to the firm as if the relevant variation or cancellation of the firm's permission or authorisation or registration under the Payment Services Regulations or the Electronic Money Regulations10, 7 de-listing or removal from the list of approved sponsors,1 took effect immediately before the start of the fee year23 to which the fee relates.
FEES 4.3.14G 01/04/2013 RP
Where a firm has applied to cancel its Part 4A permission, or its authorisation or registration under the Payment Services Regulations 7or the Electronic Money Regulations, 10 or the appropriate regulator has exercised its own-initiative powers to cancel a firm's7 Part 4A permission or the appropriate regulator has exercised its powers under regulation 10 (Cancellation of authorisation), including as applied by regulation 14 (Supplementary provisions) of the Payment Services Regulations to cancel a firm's authorisation or registration under the Payment Services Regulations or the appropriate regulator has exercised its powers under regulation 10 (Cancellation of authorisation), including as applied by regulation 15 (Supplementary provisions) of the Electronic Money Regulations, 10 , 7 the due dates for payment of periodic fees are modified by FEES 4.3.6R (3),7 FEES 4.3.6R (4) and FEES 4.3.6R (4A)7 respectively.
FEES 4.3.15R 01/04/2013
If the acquisition occurs after the valuation date applicable to the business (as set out in FEES 4 Annex 1AR, FEES 4 Annex 1BR2323 and FEES 4 Annex 11) 7 which A acquired from B, for the period following that in which the acquisition occurred, FEES 4.2.1 R applies to A, in relation to that following period, as if the acquisition had occurred immediately before the relevant valuation date.