What are the FCA's fees (initial and ongoing) to become authorised?
The initial application filing fee that firms will have to pay depends on whether the firm’s application is straightforward (£1,500), moderately complex (£5,000) or complex (£25,000).
The applicant firms will also have to pay an annual FCA fee which is calculated on the basis of the firms regulated activities, volume of business and how expensive the firm’s business is to regulate. As an example, the annual fee for an investment management firm could be based on the number of funds it manages and the expected annual income for the firm
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