Sliding fees scale for licensed banks: The fees are chargeable from 01/01/17 and payable by 31/01/17. Fees are based on Assets Line E.9 as reported in the September 2016 quarterly BSL/2 return.
Fees Due 2017
TOTAL ASSETS AS AT SEPTEMBER 2015
Up to £499,999,999
£500,000,000 to £999,999,999
Total assets multiplied by 0.000054361 with a minimum of £35,830
SUBSIDIARIES AND RETAIL BRANCHES
25% of the relevant annual fee
BRANCHES OUTSIDE THE BAILIWICK
Additional fee per branch outside the Bailiwick
NEW BANKS APPLYING FOR A LICENCE
New Banks applying for a licence within the calendar year 2016 are required to pay an application fee of £35,830 and by the last day of the month in which the licence is granted, pay a further pro rata fee of £2,985.80 multiplied by the number of complete months between the licensing date and the end of that calendar year. Existing licensees establishing a branch outside the Bailiwick shall by the last day of the month in which the branch is established pay a fee of £1,132.50 multiplied by the number of complete months between the date of establishment and the end of the calendar year.