FEES App 2.1 Introduction

This Appendix is relevant to:

1. (1)

   persons applying to become professional body supervisors; and

2. (2)

   professional body supervisors.

The purpose of this Appendix is to set out the requirements for professional body supervisors to pay the application and periodic fees which, together, will provide the funding for the FCA’s functions under the Oversight of Professional Body Anti-Money Laundering and Counter Terrorist Financing Supervision Regulations 2017 (“the OPBAS Regulations”).

Regulation 27 of the OPBAS Regulations, in summary, provides that the FCA may impose charges on:

1. (1)

   a person applying to become a professional body supervisor; and

2. (2)

   an existing professional body supervisor to recover its costs of supervision.

1. (1)

   The application fee which will be payable by a person applying to become a professional body supervisor is set out in FEES Appendix 2 Annex 1.

2. (2)

   The detail of the periodic fees which will be payable by professional body supervisors is set out in FEES Appendix 2 Annex 2.

In this Appendix:

1. (1)

   a “note” (indicated by “Note:”) after a provision indicates, for the convenience of readers, that it is a provision made pursuant to Regulation 27 of the OPBAS Regulations; and

2. (2)

   a “G” in the margin indicates that the provision is guidance, which is designed to throw light on a particular aspect of a direction or the provisions imposing charges, but is neither binding nor an exhaustive description of a professional body supervisor’s obligations.

In this Appendix and in FEES TP 19A, an expression in bold (other than in headings and titles) has the meaning given in FEES Appendix 2 Annex 3G.