Authorisation fee
The Authorisation fee is a one-off fee to enable us to process the application.
The amount will depend on whether the application is straightforward (£1500), moderately complex (£5000) or complex (£25000). Most financial advisers, mortgage brokers and general insurance intermediaries will be straightforward applications.
Firms completing the change of legal status application pack are charged 50% of the full authorisation fee for straightforward and moderately complex applications (£750 or £2500).
The amount of the appropriate authorisation fee is in FEES 3 Annex IR of the fees manual (part of the FSA Handbook).
To apply for authorisation, you must send the relevant authorisation fee, without any deductions (by banker’s draft, cheque or other payable order), with the application form. No work will be done on processing your application form until the full fee is received.
This authorisation fee is not refundable so you need to be sure that you wish to go ahead with the application before applying.