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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 26 June 2017 - onwards
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Regulation 102 Costs of supervision

(1) The FCA and the Commissioners may impose charges on -

(a) applicants for approval under Chapter 3 of Part 2;

(b) applicants for registration under Chapter 2 of Part 6;

(c) relevant persons supervised by them;

(d) payment service providers supervised by them;

(e) professional bodies listed in Schedule 1, for which they undertake enforcement action in relation to relevant persons supervised by those professional bodies.

(2) Charges levied under paragraph (1) must not exceed such amount as the FCA or the Commissioners (as the case may be) consider will enable them to meet any expenses reasonably incurred by them in carrying out their functions under these Regulations or for any incidental purpose (including any expenses reasonably incurred by them in undertaking enforcement action on behalf of a self-regulatory organisation).

(3) Without prejudice to the generality of paragraph (2), a charge may be levied in respect of each of the premises at which the relevant person, the provider or

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