The application fee is a one-off payment and will depend on whether the authorised firm is a limited permission or full permission firm.
If the firm is adding various credit activities across multiple categories it will pay a single fee that is in the highest fee category. For more information please see FEES 3 Annex 1A[1] or pricing categories for application fees[2].
|
Category of change applied for |
Fee |
|---|---|
|
Credit unions or community finance organisations Part 4A permission limited to permission to carry on credit-related activity |
Half of Category 1 |
|
Limited permission consumer credit only firm applying to add or remove further limited permission activities |
No fee |
|
Adding the following full permission consumer credit activities:
(i) no debt management plans; or |
Half of Category 3 |
|
Adding the following full permission consumer credit activities:
Exercising, or having the rights to exercise, rights and duties under a regulated Consumer hire agreement:
|
Half of Category 5 |
|
Adding the following full permission credit activities:
|
Half of Category 6 |
If you are a limited permission consumer credit firm and are applying to become a full permission consumer credit firm, the full authorisation fee will be payable.