Authorisation and registration application fees

These firms are regulated by both us and the PRA. Your payments incorporate fees for each regulator and should be made payable to the FCA.

Banks and insurance companies
The fee is Category 8.

Friendly societies
The fee is Category 4.

You'll need to apply via the PRA website[2] but first please read our guidance[3].

You'll either pay:

• a Category 4 fee if you're only applying to seek out persons who may have a claim, or
• a Category 6 fee for all other claims management permissions

Your fee will depend on whether you need full or limited permission from us to carry on regulated activities.

Full permission application
The fee is either Category 3, 5 or 6 depending on the permission applied for (see FEES 3 Annex 1[4]).

Limited permission application
The fee falls into Category 2.

Credit unions
You'll pay £200 to register a common bond and £300 for authorisation as a deposit taker. You'll be jointly regulated by us and the PRA so the fees are split between both regulators. 

Community finance organisations (CFOs)
You'll pay a Category 1 fee for authorisation as a home finance provider or home finance administrator, and for full or limited consumer credit permissions.

You'll pay the standard fees for any other permissions you apply for, however there are no annual (periodic) fees for consumer credit. 

Not-for-profit (NFP) debt advice bodies
You don't need to pay a consumer credit application fee or annual (periodic) fees.

The fee to register as a cryptoasset firm[5] is Category 6.

Most financial advisers, mortgage brokers and general insurance intermediary applications fall into Category 4.

Payment institution (PI)
The fee for a small PI is Category 2, and Category 4 or 5 if you’re an authorised PI.

E-money institution (EMI)
The fee for a small EMI is Category 3, and Category 5 if you’re an authorised EMI.

Registered account information service provider (RASIP)
The fee is Category 3.

Notification of the use of the limited network exclusion (LNE)
The fee is Category 1.

Notification of the use of the electronic communications exclusion (ECE)
The fee is Category 1.

Variation of authorisation/registration
To change the e-money or payment services you provide[6], the fee could be:

• 50% of Category 4
• 50% of Category 3, or
• 50% of Category 2

There's no fee if you're only removing services.

Asset managers
There are different fees for authorised and registered Alternative Investment Fund Managers (AIFMs), and the National Private Placement Regime (NPPR), depending on your type of application.

Find out more about UK AIFM and NPPR fees[7].

Contracts for difference (CFD) firms
Most CFD firms fall into Category 6.

Corporate finance firms
Firms solely undertaking corporate finance business will likely fall into Category 4.

Multilateral trading facilities (MTFs) and organised trading facilities (OTFs)
The fee is Category 8.

Principal trading firms (PTFs)
Most PTFs fall into Category 6.

MiFID investment managers
Most MiFID investment managers fall into Category 6.