Is there a rebate if the number of approved persons registered at my firm has reduced after the 31st December cut off date?
No. The fee calculations are based at a set point in time. This date is fixed for all firms and ensures that firstly, the FSA collects the correct amount of periodic fees required to cover the Annual Funding Requirement (AFR) and secondly, the FSA is cost-efficient by not revising and re-issuing invoices throughout the year. However, additional fees will not be charged for any increase in the number of registered approved persons after this date during the fee year.
Related Questions
- Can registered persons who volunteer or are called into active military duty obtain relief from Firm Element obligations for the period of time that they are on active duty?
- Is there a rebate if the number of approved persons registered at my firm has reduced after the 31st December cut off date?
- Are registered research analysts covered persons within the Firm Element?
