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New FCA fee for Form A applications

We have been advised by the FCA as follows:

 

 

“Following our recent revalorisation of the application fees earlier this year, on 24 January we advised that we would be introducing a new charge of £250 for standalone long Form A applications both for Senior Manager Functions and Controlled Function for Appointed Representatives. 

We consulted on this new charge in November 2020 as part of CP20/22 and reconfirmed our intention to introduce the fee in a Policy Statement PS22/1. 

We are now in a position to update you to confirm the new charge will take effect on 27 May 2022. 

For more information please refer to the Handbook Notice.”

 

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New FCA fee for Form A applications

Important Note: ATEB news is intended to provide general information ONLY. The content, including any views expressed or guidance provided, does not replace the need to comply fully with FCA Rules and Guidance. Unless you have discussed news article content with ATEB, and specifically how it relates to your circumstances, then ATEB disclaims all liability and responsibility and actions arising from any reliance placed upon it. For the avoidance of doubt therefore, any reliance you place on such information without our consultation is at your own risk.

ATEB Compliance offers compliance and regulatory advice.

ATEB Suitability provides report writing software for the financial services market.

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