There is a minimal fee payable by Equator Principles Financial Institutions (EPFIs) on an annual basis in respect of external costs incurred in the management, administration and development of the Equator Principles (EPs).
The fee is approved and voted upon by the EPFIs each year. The Annual Fee is payable on adoption and if an EPFI adopts part way through the financial year the amount is pro-rated.
In 2020, the EPA is making a change to align its financial year with the calendar year. As such, there is a 6 month fee from 1 July 2020 to 31 December 2020 of £1646.88. A new full year annual fee will be required from January 2021.