Fees – Reasonable, transparent, proportionate

Below is a summary of our fee level and structure for different Application types (FCA Application fees are separate – will be clarified on initial phone consult). The fees quoted below include ongoing ad-hoc/general compliance support for the business in question – i.e. matters which can typically be addressed by phone or e-mail.

If your previous application for an FCA or PRA authorisation has been refused and you want to reapply, our service is FREE even if you used a different consultancy.

​Payment Services

• API – Money Remittance only (can include EU-wide Crossborder Passport): £8,000
• API – Merchant Acquirer only (as above, but unlikely to be needed): £8,000
• API – Payment Account operator: £10,000
• SPI – Payment Account operator, Merchant acquirer, Money remittance: £6,000
• RAISP: £5,000
• PIS: £5,000

​E-money

• Registered (‘SEMI’): £8,000
• Full (‘EMI’): £12,000

Consumer Credit

• Credit Broker, Limited Permissions (e.g. motor dealer, coffee machines, water softener sales): £750 (up-front)
• Credit Broker, Full Permissions: £5,000
• Consumer Hire, Limited Permissions: £1,500 (up-front)
• Full Permissions – Lending: £8,000

Mortgage, General Insurance, IFAs

• General Insurance intermediary (‘GI Broker’): £5,000
• Mortgage & General Insurance (‘M&GI’): £6,000
• IFA practice (typically the above, plus Investments & Pensions): £7,000

Investment Services

• Investment services intermediary (Arranging, Advising, CF30, Non-Retail): £8,000
• Investment services intermediary (Arranging only, Non-Retail): £5,000
• Investment services intermediary (Arranging, Advising, CF30, Retail): £10,000
• Investment Management (Discretionary Control, Non-Retail): £9,000
• Investment Management (Discretionary Control, Retail): £12,000

Claims Management

• Authorisation, Small (Turnover less than £1m): £5,000
• Authorisation, Large (Turnover more than £1m): £7,000

Variations of Permission

• Variations downward (removal of Permissions, assuming all GABRIEL reporting in order): £1,500 (up-front)
• Variations upward: £1,000 for a minor horizontal manoeuvre; Vertical manoeuvres need to be discussed then priced

Cancellations

• Where there are no background issues: £1,500 (up-front)

Passporting

• Crossborder services, EU-wide, Investment services: £2,000
• Crossborder services, EU-wide, Insurance intermediation: £2,000
• Crossborder services, EU-wide, Payment services: £2,000
• Freedom of Establishment, EU-wide, Investment services: £4,000
• Freedom of Establishment, EU-wide, Insurance intermediation: £4,000
• Freedom of Establishment, EU-wide, Payment services: £4,000

Recruitment of compliance professionals for your in-house team

• £2,500 per hired employee

Notes

Quotes assume a business size comprising up to two Directors

Yes, you can commence a Regulated business as one sole Director (we can assist with addressing Keyperson Risk)

• 50% payable up-front in order to commence the Project (except where otherwise stated)
• 25% is payable upon submission of the application to the FCA
• 25% payable upon Authorisation/Registration/licensing