Context
As part of the FCA’s work on application fees at the start of this year it confirmed within PS22/1 that it would be introducing a new charge of £250 for standalone Long Form A applications, for both Senior Manager Functions and Controlled Functions for Approved Persons at Appointed Representatives.
Key points to note
- The FCA has now confirmed that the new charge will take effect from 27th May 2022.
Next actions
We suggest firms submit any Long Forms A they are currently working on before 27th May, when the £250 charge will be applicable.