CC2 – firms with a full consumer credit permission.CC1 – firms with limited consumer credit permission.The following fee-blocks fund our consumer credit costs: J – credit rating agencies, trade repositories and securitisation repositories.G – firms registered under Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 firms covered by the Regulated Covered Bonds Regulations, Payment Services Regulations 20 Electronic Money Regulations 2011 Data Reporting Services Regulations 2017 and Consumer buy to let business under the Mortgage Credit Directive Order 2015.E – issuers and sponsors of securities and depository receipts.B – recognised investment exchanges, operators of multilateral or organised trading facilities, recognised benchmark administrators, recognised auction platforms and service companies.A.23 – funeral plan intermediaries and funeral plan providers.A.22 – principal firms – appointed representatives.A.21 – firms holding client money and/or assets.A.9 – operators of funds, collective investment schemes or pension schemes.A.2 – home finance lenders and administrators.The fee-blocks across which the AFR is allocated are: We assess how much the different types of activity will cost to regulate and allocate a proportion of the AFR to each fee-block on that basis. See chapters 2 and 3 of our fees policy statement PS22/7 for our 2022/23 allocation. So a firm can be in more than one fee-block. Each firm is allocated to one or more fee-blocks according to the activities it carries out. We allocate our total AFR between ‘fee-blocks’.įee-blocks group together firms that undertake similar regulated activities.
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