We understand that it is important for firms to understand the cost of regulation and the contributions that they need to budget for each year. A firm will need to budget for the annual assessment of their authorisation, either through the initial application or annual return, their ongoing supervision (which is included in this assessment fee) and for their contribution to our client compensation arrangements.
If a firm makes changes to its authorisation during the year, then there may be an additional fee.
The links to the left set out the fees that your entity will pay for:
- an application fee – for authorisation to be considered
- compensation fund fee – a contribution to the CILEx Regulation Compensation Arrangements
- the annual practice fee; and
- application amendment fee – any subsequent amendments to an authorisation
The annual fees will be calculated automatically based on the information you submit within your initial application or in your annual return.
How to pay your fees
Authorised Entity, Approved Manager and Compliance Manager application fees need to be paid to CILEx Regulation by bank transfer. The bank account details for which are:
Bank: NatWest
Account No: 34667822
Sort Code: 60-12-45
Account Name: CILEx Regulation
When making the payments please include your name in the commentary box on your bank’s online payment page as this will assist us in identifying the payment.
If you have any questions regarding the fees or just want to make sure you have calculated the fee correctly you can contact the Entity Team on 01234 845759.
AML Supervision
If you are running an unregulated firm that requires CILEx Regulation to be your AML supervisor, please follow this link to the AML section of the website to find details on the annual fees that apply.
