Source: https://www.handbook.fca.org.uk/handbook?related-provisions-for-provision=FEES%205.3.4&date=2019-12-18
Timestamp: 2019-11-12 03:57:58
Document Index: 28907808

Matched Legal Cases: ['art 4', 'art 4', 'art 4', 'art 4', 'art 5', 'art 5', 'art 4', 'art 4', 'art 4', 'art 1', 'art 1', 'art 3', 'art 5', 'art 6']

Related provisions for FEES 5.3.4 - FCA Handbook
Related provisions for FEES 5.3.4
1 - 20 of 72 items.
Fees payable (72)
Firm permissions (15)
A PSR fee payer8 must pay to the FCA8 the PSR fees applicable to it and calculated by the FCA in accordance with8FEES 9 Annex 1 R:14242(1) in full and without deduction; and(2) in accordance with this chapter, subject to:42(a) FEES 9.2.1AR;4(b) FEES 9.2.1CR;4 and8(c) FEES 9.2.1DR.84
23343(1) A PSR fee payer is not required to pay any PSR fee in accordance with FEES 9.2.1R where, in the opinion of the FCA and PSR, the costs of collection would be disproportionate to the amount payable.84(2) If (1) applies in any given fee year, the transaction volumes and transaction values attributable to that PSR fee payer are not to be included in the sum of all PSR fee payers’ relevant transactions set out in columns 4 and 5 of the table in FEES 9 Annex 1R for that fee
Where FEES 9.2.1CR applies, no other acquirers or card issuers are required to pay any PSR fee for that card payment system or IFR card payment system in accordance with FEES 9.2.1R.84
PSR fee payers falling within the scope of FEES 4.3.6R(1C) – (1E)7 must pay to the FCA:62824822843(1) an amount equal to 50% of the PSR fee payable for the previous fee year, by 1 April in the current6fee year or, if later, within 30 days of the date of the invoice6; and23(2) the balance of the PSR fee due by 16 September4 in the current fee year or, if later, within 30 days of the date of the invoice.2
If FEES 9.2.2R does not apply7, the PSR fee payer8 must pay its PSR fee in full to the FCA6:2482243(1) by 16 August8 in the current fee year; or24(2) if later, within 30 days of the date of the invoice2.2
A PSR fee payer8 should pay its fees to the FCA6 by direct debit,6 electronic credit transfer, cheque, Maestro, Visa Debit or by credit card (Visa/MasterCard only)6. 262
(1) 2The operator of a regulated payment system or IFR card payment system4 must provide to the FCA and6PSR, for each of its direct payment service providers (and for itself, where it is an operator acting as an acquirer or card issuer)4:86(a) a copy of the data setting out the transaction volumes and transaction values required by the FCA to calculate the PSR fees as set out in FEES 9 Annex 1R; and8(b) the following information (which is either in the operator’s possession or
[deleted]65
(1) 2The FCA may recover a PSR fee as a debt owed to it under paragraph 23 (8) of Schedule 1ZA of the Act.(2) The FCA will consider taking action for the recovery (including interest) through the civil courts.(3) In addition, the FCA or PSR may be entitled to take regulatory action in relation to the non-payment of PSR fees. What action, if any, that is taken by the FCA or PSR will be decided upon given the particular circumstances of the case.8
A person in column (1) of the table in FEES 3.2.7 R37 as the relevant fee payer for a particular activity must pay to the FCA (in its own capacity or, if the fee is payable to the PRA, in its capacity as collection agent for the PRA)57 a fee for each application or request for vetting, or request for support relating to compatibility of its systems with 37FCA systems,7 or admission approval made, or notification or notice of exercise of a Treaty right given, or other matter
If an application for a Part 4A permission52 (or exercise of a Treaty right) falls within more than one category set out in FEES 3 Annex 1, other than where one of the applications is an application under the benchmarks regulation,52 only one fee is payable. That fee is the one for the category to which the highest fee tariff applies. Where applications are made under the benchmarks regulation, a separate fee will be payable for this application. The relevant fee is set out in
(1) Unless (2), (3)10 or (4)23 applies, the sum payable under FEES 3.2.1 R must be paid by bankers draft, cheque or other payable order.23(2) 15The FCA does not specify a method of payment for a person seeking to:(a) become a recognised body or a designated professional body; or15(b) be added to the list of designated investment exchanges or accredited bodies.15(3) The sum payable under FEES 3.2.1 R by a firm applying for a variation of its Part 4A permission which is not an application
(1) 23If the fee payer (as specified in column (1) of FEES 3.2.7 R) in relation to FEES 3.2.3R (4) is:(a) unable to make a payment by credit or debit card; or(b) permitted to make a paper application rather than an online application for a Part 4A permission in respect of credit-related regulated activities only or a variation of its Part 4A permission to add a credit-related regulated activity;the sum payable under FEES 3.2.1 R can be paid by bankers draft, cheque or other payable
FEES 4.4.2R 01/04/2018 RP
A firm (other than the Society) must send to the FCA (in its own capacity and, if applicable, in its capacity as collection agent for the PRA)12 in writing the information required under FEES 4.4.1 R as soon as reasonably practicable, and in any event within two months, after the date specified as the valuation date in Part 5 of FEES 4 Annex 1AR in relation to 9 fees payable to the FCA6 (or FEES 4.2.7B R where applicable) unless FEES 4.4.2AR applies9.12121227
3Regulation 92 of the Payment Services Regulations and regulation 59 of the Electronic Money Regulations each provide7 that the functions of the FCA16 under the respective7 regulations are treated for the purposes of paragraph 23 of Schedule 1ZA16 to the Act as functions conferred on the FCA16 under the Act. Paragraph 23(7) 20 however, has not been included 20.7This is 20the FCA's167 obligation to ensure that the amount of penalties received or expected to be received are not
(1) 13The FCA also has a fee-raising power as a result of:14(a) regulation 21 of the Small and Medium Sized Business (Credit Information) Regulations;1514(b) regulation 18 of the Small and Medium Sized Business (Finance Platforms) Regulations;1514(c) regulation 40 of the DRS Regulations; and15(d) paragraph 25 of the Schedule 1 to the MiFI Regulations.15(2) The FCA’s functions under these regulations are treated as functions conferred on the FCA under the Act for the purposes of
The FCA’s12fees payable will vary from one fee year16 to another, and will reflect the FCA’s12funding requirement for that period and the other key components, as described in FEES 2.1.7G. Periodic fees, which will normally be payable on an annual basis, will provide the majority of the funding required to enable the FCA12to undertake its statutory functions.16161616161616
By basing fee-blocks on categories of business, the FCA12aims to minimise cross-sector subsidies. The membership of the fee-blocks is identified in the FEES provisions relating to the type of fees concerned.
16PRA-authorised persons and persons seeking to become PRA-authorised persons should note that the FCA and the PRA have agreed for the FCA to act as the PRA's collection 12agent for 12PRA fees. Where applicable, both PRA and FCA fees should be paid as a single payment to the FCA, which will receive the payment in its own capacity in respect of FCA fees and in its capacity as collection 12agent for the PRA in respect of the PRA fees. References to this arrangement will be referred
FEES 4.2.1R 01/03/2016 RP
A person shown in column (1) of the table in FEES 4.2.11 R34as the relevant fee payer must pay each periodic fee applicable to it, calculated in accordance with the provisions referred to in column (2) of the applicable51 table, as adjusted by any relevant provision in this chapter:5151(1) in full and without deduction (unless permitted or required by a provision in FEES); and(2) on or before the date given in column (3) of that table, unless FEES 4.2.10 R applies.
FEES 4.2.2G 01/03/2016 RP
A relevant fee payer will be required to pay a periodic fee for every year during which they have the status in column 1 of the table in FEES 4.2.11 R3434 (or in relation to collective investment schemes, for every year during which it is a regulated collective investment scheme) subject to any reductions or exemptions applicable under this chapter. If a person is the relevant fee payer for more than one status listed in column 1 of the table in FEES 4.2.11 R34 (or in relation
FEES 4.2.3G 01/03/2016 RP
The FCA50 will issue invoices 34at least 30 days before the dates on which payments fall due under FEES 4.2.1 R.5050
FEES 4.2.7ER 01/10/2018 RP
(1) (a) 42A firm (other than an AIFM qualifier, an ICVC, a UCITS qualifier, or an issuer of regulated covered bonds) which becomes authorised or registered, or whose permission and/or activities is extended, during the course of the fee year must pay a fee based on its projected valuation for the first twelve months of its new business.(b) This is the valuation provided by the firm in the course of its application or if not provided at that time, the valuation provided subsequently48.(2)
FEES 4.2.7FR 01/10/2018 RP
42(1)Identify the tariff rate or rates which will be relevant to the firm as a result of its new or extended permission; and then	(2)apply the formula (A+B+C) x D, where:A = the amount arrived at by applying the tariff rates to the firm’s projected valuation for the first twelve months48 of its48 new business, as provided by it in accordance with FEES 4.2.7ER48;B = the A.0 minimum fee, unless already paid;C = any fee that becomes due in AP.0 following the calculation of A; andD
FEES 4.2.7GR 01/10/2018 RP
42When a firm receives permission between 1 January and 31 March, its fee for the following fee year starting 1 April will be calculated from:48(a) 48the projected valuation for the first twelve months of its new business that it provided in accordance with FEES 4.2.7ER; or(b) 48an annualised figure based on actual data provided by 30 April in the fee year following obtaining its new or extended permission. 48If the annualised tariff base figure provided under (b) is a cumulative
FEES 4.2.7HR 24/02/2017 RP
42If it can, a firm must provide data from a complete period (as specified in FEES 4 Annex 1AR Part 5 or FEES 4 Annex 11R Part 4) that begins on or after the date that the firm obtained the relevant permissions to which the tariff base relates.
FEES 4.2.9G 01/03/2016 RP
The FCA34 will not refund periodic fees if, after the start of the period to which they relate:(1) a fee payer ceases to have the status set out in column (1) of the table in FEES 4.2.11 R34; or51(2) a firm reduces its permission or payment services activities 9so that it then falls out of the fee-block previously applied to it;99(but see FEES 2.3 (Relieving Provisions) and FEES 4.3.13 R (Firms Applying to Cancel or Vary Permission Before Start of Period)).
FEES 4.2.10R 01/03/2016 RP
A person need not pay a periodic fee on the date on which it is due under the relevant provision in FEES 4.2.1 R, if:(1) that date falls during a period during which circumstances of the sort set out in GEN 1.3.2 R (Emergencies) exist, and that person has reasonable grounds to believe that those circumstances impair its ability to pay the fee, in which case he must pay it on or before the fifth business day after the end of that period; or(2) unless FEES 4.3.6R (3), 9FEES 4.3.6R
FEES 4.2.11R 01/07/2019 RP
FEES App 1.2.5BR 01/04/2019 RP
FEES App 1.2.6R 01/04/2019 RP
FEES App 1.2.8R 01/04/2019 RP
FEES App 1.2.9R 01/04/2019 RP
FEES App 1.2.10G 01/04/2019 RP
FEES 3.1.1AR 03/07/2017 RP
fee-paying payment service provider18, a CBTL firm,10 a fee-paying electronic money issuer, a designated finance platform,12 a designated credit reference agency and a data reporting services provider12.61811106
FEES 3.1.3G 01/03/2016 RP
The purpose of this chapter is to set out the 9FCA fee paying requirements on the persons set out in FEES 1.1.2R (1).9517
FEES 3.1.4G 01/04/2016 RP
Most of the detail of what fees are payable by the persons referred to in FEES 3.1.3 G is set out in FEES 3 Annex 1 - FEES 3 Annex 12R10.661818
15The fees for funds8 reflect the estimated costs to the FCA of assessing applications and notifications. The level of fees payable in respect of an application or a notification will vary depending upon the provision of the Act under which it is made. This fee is adjusted when the scheme concerned is an umbrella.8
FEES 3.1.6DG 01/10/2016 RP
FEES 3.1.8AG 01/03/2016 RP
Application fees for applications for and variations of Part 4A permission in respect of credit-related regulated activities are also set out in FEES 3 Annex 1F. Applications for Part 4A permission in respect of credit-related regulated activities are categorised by the 9FCA for the purposes of fee raising as straightforward, moderately complex and complex as identified in FEES 3 Annex 1, unless the application is for a limited permission.799[Note: PRA-authorised persons may also
(1) The amount payable by each firm will depend upon the category (or categories) of regulated activities or payment services7it 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 1AR17 (and guidance on calculating certain of the tariffs is at FEES 4 Annex 12 G and 17FEES 4 Annex 13G15) 17while 23FEES 4 Annex 2AR sets 17 out
The periodic fee referred to in FEES 4.3.1 R is (except in relation to the Society,10fee-paying payment service providers, CBTL firms,20fee-paying electronic money issuers and data reporting services providers20) 20 calculated as follows:107(1) identify each of the tariffs set out in Part 1 of FEES 4 Annex 2AR1723 which apply to the business of the firm for the period specified in that annex;23(2) for each of the applicable23 tariffs, calculate the sum payable in relation to
A firm which is a member of a group may pay all of the amounts due from other firms in the same group under FEES 4.2.1 R, if:(1) it notifies the FCA (in its own capacity and, if applicable, in its capacity as collection 17agent for the PRA)22 in writing of the name of each other firm within the group for which it will pay; and22(2) it pays the fees, in accordance with this chapter, as a single amount as if that were the amount required from the firm under FEES 4.2.1 R.
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 collection 17agent 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
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 collection 17agent for the PRA)22 is informed that the sum being paid is for that firm's periodic fees.22
For an incoming EEA firm, (excluding MTF and OTF20 operators), 5 or an incoming Treaty firm, the calculation required by FEES 4.3.3 R is modified as follows:(1) the tariffs set out in 23 Part 1 of FEES 4 Annex 2AR17 are applied only to the regulated activities of the firm which are carried on in the United Kingdom; and23(2) those tariffs are modified in accordance with Part 3 of FEES 4 Annex 2AR17. 23
10For:10(-1) (a) a full credit institution which is a fee-paying payment service provider and an EEA firm; or(b) a full credit institution which is a fee-paying electronic money issuer and an EEA firm; or(c) an EEA authorised payment institution; or(d) an EEA authorised electronic money institution;the calculation required by FEES 4.3.3A R is modified as follows:(1) the tariffs set out in Part 5 of FEES 4 Annex 11 are only applied to the payment services or electronic money issuance10of
(1) 21This rule applies if: (a) a firm (A)(i) (A) acquires all or a part of the business of another firm (B), whether by merger, acquisition of goodwill or otherwise; and(B) would be required to pay a periodic fee in the fee year in which the acquisition takes place; or(ii) becomes authorised or registered as a result of another firm’s (B) simple change of legal status (as defined in FEES 3 Annex 1R Part 6); and(b) had that acquisition or simple change of legal status (or any
FEES 2.3.1R 01/03/2019 RP
If it appears to the FCA5 or48 the FSCS (in relation to any FSCS levy only) 2 that in the exceptional circumstances of a particular case, the payment of any fee, FSCS levy2,3FOS levy, CFEB levy, SFGB levy or DA levy7 would be inequitable, the FCA5 or48 the FSCS2 as relevant, may (unless FEES 2.3.2B R applies)1 reduce or remit all or part of the fee or levy in question which would otherwise be payable. 483483648348
FEES 2.3.2R 01/03/2019 RP
If it appears to the FCA5 or48 the FSCS (in relation to any FSCS levy only)2 that in the exceptional circumstances of a particular case to which FEES 2.3.1R does not apply, the retention by the FCA5 the FSCS,2 or the CFEB3, as relevant, of a fee, FSCS levy2,3FOS levy, CFEB levy, SFGB levy or DA levy7 which has been paid would be inequitable, the FCA5 the FSCS2 or the CFEB3, may (unless FEES 2.3.2B R applies)1 refund all or part of that fee or levy.4834834836348
FEES 2.3.2AG 01/11/2008 RP
1A poor estimate or forecast by a fee or levy 2payer, when providing information relevant to an applicable tariff base, is unlikely, of itself, to amount to an exceptional circumstance for the purposes of FEES 2.3.1 R or FEES 2.3.2 R. By contrast, a mistake of fact or law by a fee or levy 2payer may give rise to such a claim.
The amount payable by a firm with respect to a particular activity group is calculated as follows:(1) for a firm in activity group CC1, a £5 flat rate is the amount payable by the firm with respect to that activity group;(2) for a firm in activity group CC2:(a) up to and including £250,000 consumer credit income: £10 is the amount payable by the firm with respect to that activity group; and(b) over £250,000 consumer credit income: £10 + £0.2021 per £ thousand or part £ thousand
Table of FEES 4rules that correspond to FEES 13rulesFEES 4 rulesCorresponding FEES 7 rulesFEES 4.2.1RFEES 13.2.1RFEES 4.3.1RFEES 13.2.3RFEES 4.3.3RFEES 13.2.3RFEES 4.3.3ARFEES 13.2.3RFEES 4.3.12RFEES 13.2.6RFEES 4.3.12ARFEES 13.2.6R
MAR 9.5.4G 03/07/2017 RP
Q.	Where can I find out information about fees to be charged in respect of data reporting services providers?A.	See FEES 3.2.7R and FEES 4 Annex 11R.
MAR 9.5.6G 03/07/2017 RP
Q.	Does an investment firm need to be authorised as an ARM to send transaction reports to the FCA? A.	No. If you are a MiFID investment firm that wishes to send transaction reports to us to satisfy your own transaction reporting obligations under MiFIR, you do not need to become authorised as an ARM. You are permitted to connect directly to us although there will be a requirement to sign a MIS confidentiality agreement with us, to satisfy connectivity requirements and to undertake
FEES 1.1.1AG 01/04/2019 RP
15FEES App 1 Annex 1A38 applies to all persons required to pay a fee or any other amount to the FCA under the Unauthorised Mutuals Registration Fees Rules, as made by the Fees (Unauthorised Mutual Societies Registration) Instrument 2002 (FSA 2002/4) and amended from time to time. FEES App 1 Annex 5 applies to all persons required to pay a fee for inspecting any document or documents on the Mutuals Register.38
FEES 1.1.1BG 01/04/2015 RP
23FEES 9 (Payment System Regulator Funding) relates to PSR fees.
FEES 1.1.4G 01/01/2006 RP
The purpose of this manual is to set out the fees applying to the persons set out in FEES 1.
FEES 2.2.1R 01/03/2019 RP
If a person does not pay the total amount of a periodic fee3, FOS levy, or share of the FSCS levy,18CFEB levy, SFGB levy or DA levy19, before2 the end of the2 date on which it is due, under the relevant provision in FEES 4, 5, 6, 7, 7A or 7B,19 that person must pay an additional amount as follows: 342972161826618(1) if the fee was not paid in full before the end of the due date, an administrative fee of £250; plus(2) interest on any unpaid part of the fee at the rate of 5% per
FEES 2.2.2G 01/03/2019 RP
The FCA20, (for FCA and PRA20periodic fees, FOS and FSCS levies, CFEB levies, SFGB levies and a DA levy19), expects11 to issue invoices at least 30 days before the date on which the relevant amounts fall due. Accordingly it will generally be the case that a person will have at least 30 days from the issue of the invoice before an administrative fee becomes payable.20186721117212
FEES 2.2.3G 01/03/2019 RP
(1) Paragraph15 23(8) of Schedule 1ZA of the Act permits the FCA to recover fees (including fees relating to payment services, the issuance of electronic money, 17CBTL firms, data reporting services providers,17designated credit reference agencies, designated finance platforms16 and, where relevant, FOS levies, CFEB levies, SFGB levies, and a DA levy19).1418(2) Section 213(6) of the Act permits the FSCS to recover shares of the FSCS levy payable, as a debt owed to the FCA and
FEES 2.2.4G 01/03/2019 RP
In addition, the FCA13may be entitled to take regulatory action in relation to the non-payment of fees,6FOS levies, CFEB levies, SFGB levies and a DA levy19. The FCA136 may also take regulatory action in relation to the non-payment of a721 share of the FSCS levy, after reference of the matter to the6FCA13 by the6FSCS. What action (if any) that is taken by the FCA13will be decided upon in the light of the particular circumstances of the case.66187216721721
CONC 8.4.4G 01/04/2014 RP
A firm may be required to make a refund of its fees and charges, in whole or in part, if a firm fails to deliver its service in whole or in part or it has carried out the service without reasonable care and skill.
FEES 5.7.1R 01/04/2013 RP
A firm must pay annually to the FCA the general levy on or before the later of 1 April and 30 calendar days after the date when the invoice is issued by the FCA.1
FEES 5.7.4R 01/01/2006 RP
A firm liable to pay fees under FEES 5.7.1 R must do so using one of the methods set out in FEES 4.2.4 R save that no additional amount or discount is applicable.
A firm must (except where the contract is a credit agreement to which the disclosure regulations apply) provide sufficient information, in1 a durable medium, when the customer first enquires about the firm's services, about the following matters to enable the customer to make a reasonable decision:1(1) the nature of the firm's service offered in the contract to the customer; [Note: paragraph 3.38b of DMG](2) the duration of the contract; [Note: paragraph 3.38c of DMG](3) the total
(1) The information and advice referred to in CONC 8.3 should be provided in a manner which is clear fair and not misleading to comply with Principle 7 and CONC 3.3.1 R, and should be in plain and intelligible language in accordance with CONC 3.3.2 R. A firm should encourage a customer to read the information and allow sufficient time between providing the information and entering into the contract to enable the customer to seek independent advice if so desired. [Note: paragraphs