Fees and levies

Find out about the fees we charge and what they cover, and the levies we collect for organisations that are part of the regulatory system.

We are independent of Government. To finance our work we charge fees to:

  • the firms we authorise
  • some other bodies such as recognised investment exchanges or registered firms

There are 3 types of fee:

  • application, when you ask us to authorise your firm 
  • change to permissions, when you want to change a permission for an authorised activity 
  • annual (periodic), which is payable each year

There is also a matrix of application fees for firms applying for consumer credit activities.

We also collect fees and levies to pay for the costs of the:

You can find our rules on fees in the Fees Manual section of the Handbook. 

Fees to apply for authorisation

If you wish to register with us or get authorised, we will charge you an application fee.

The fee is not refundable, even if your application is unsuccessful.

If you apply to be authorised, the amount of the fee will depend on the:

  • regulated activities your firm wishes to carry on
  • complexity of your application

These are 3 of the main application fees:

  • £1,500 – straightforward application
  • £5,000 – moderately complex application
  • £25,000 – complex application

There is also a matrix of application fees for firms applying for consumer credit activities

If you apply to change your firm’s legal status, we will charge you 50% of the relevant application fee.

If your application is complex, we will charge you the full application fee.

Fees to change permissions

We charge a fee to change (vary) a permission, for example, where a firm wants to start arranging mortgages.

If the change puts you in an additional fee-block from your existing one, we will charge you 50% of the relevant authorisation application fee

If the change in permission does not put you into an additional fee-block, there is a fee of £250.

We will not charge you if you wish to reduce your permissions.

Read more about fee-blocks in Chapter 4, Annex 1A of the Handbook.

Annual fees

How we calculate your fee 

The amount we charge you will depend on:

  • the type of regulated activities your firm carries out (fee-blocks)
  • the extent of your firm’s activities (amount of business undertaken)
  • how much it costs us to regulate these types of activities

Read more information about how we calculate your fees.

How and when we collect your fees 

We will invoice you between July and September each year. We will issue a single invoice covering your FCA fee plus fees and levies for any other regulatory organisations, as appropriate.

Where your total fees exceed £50,000 in the previous year, we will invoice you for 50% of that fee in April. This is called our ‘on account’ fee.

Read about our annual fee cycle

You can also read our latest consultation papers and policies on fees

When to pay

You must pay by the due date, which is 30 days from the date of the invoice we send you.

How to pay

Find out how to pay.

Contact us

  • email: fcafees@fca.org.uk
  • post: Revenue Department, Financial Conduct Authority, 25 The North Colonnade, London E14 5HS
  • See all ways to contact us

Further information

Read our information on fees and levies for consumer credit firms.