FEES App 4.1 Introduction

Regulation 102 of the Money Laundering Regulations provides the FCA with the power to charge fees to persons registered with the FCA under the Money Laundering Regulations to recover the cost of carrying out its functions under those regulations. The FCA charges a fee for registration forms submitted to it. The FCA also charges an annual periodic fee. The purpose of this Appendix is to set out the fees relating to cryptoasset businesses registered with the FCA under the Money Laundering Regulations. The fees for persons registered under the Money Laundering Regulations that are not cryptoasset businesses, authorised persons or otherwise registered with the FCA are set out in FEES Appendix 3.

1. (1)

   The application fee which will be payable by a cryptoasset business applying for registration in the register maintained by the FCA under regulation 54(1A) of the Money Laundering Regulations is set out in FEES Appendix 4 Annex 1.

2. (2)

   The detail of the periodic fees which will be payable by cryptoasset businesses registered with the FCA under the Money Laundering Regulations is set out in FEES Appendix 4 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 the Money Laundering Regulations;

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 cryptoasset business’s obligations; and

3. (3)

   a “D” in the margin indicates that the provision contains a direction made pursuant to the Money Laundering Regulations. Directions are binding upon the person or categories of persons to whom they are addressed.

In this Appendix, except where we indicate otherwise, an expression in italics has the meaning given in the FCA’s Glossary.