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
Fees for: eg. Authorised Entity applications, Annual Practice fees, Application Amendments and Compensation Fund fees need to be paid to CILEx Regulation by bank transfer.
We will request payment from you and provide the bank account details and instructions for making payments at the appropriate point in the application, annual return or application amendment process.
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.
