AUTHORISED IMPACT REPRESENTATIVES
TYPES AND FEES
AIR - TYPES AND FEES
Every high impact social and/or environmental business or impact investment fund seeking to list on the Nexii platforms or on the iX must appoint a Nominated Impact Advisor (NIA) and an Independent Verification Agent (IVA). These advisors – collectively known by Nexii as Authorised Impact Representatives (AIRs) – provide a business or fund with assistance when seeking to list through the preparation of appropriate impact documentation (a NIA) and provide assistance on an annual basis when fulfilling reporting obligations with respect to the verification of annual impact performance reports (an IVA). Only authorised and registered Nominated Impact Advisors and Impact Verification Agents may act as AIRs on Nexii platforms or on the iX. Where appropriately registered and independent, an authorised Nominated Impact Advisor may also act as an Impact Verification Agent for a social business or fund listed on the platforms. A firm, individual executive representing a firm or an individual applicant wishing to be registered as an AIR must submit an application form to be approved as either a Nominated Impact Advisor or Impact Verification Agent, or both. The applicant will go through an authorisation process, and upon accreditation, the AIR’s name will be included on the Nexii register and he/she will be provided with a certificate and registration number. This fee sheet should be read in conjunction with
the information brochure for interested service providers seeking to become AIRs. AIRs may elect to pay their annual fees in one advance sum upon registration or in two instalments over a 12-month period. Of the two-part payment, the first instalment is an upfront annual membership and registration fee, and the second instalment is a block listing fee. The block listing fee is retrospective and based on the number of listings achieved in any 12-month period and is determined based on two categories – from zero to four listings or unlimited listings from five upwards. The fee schedule is based on the type of accredited representation being sought and the selected payment options as indicated below. The application fee covers up to 4 (four) individuals from any specific firm with any further applicants from a specific firm above the four paying the additional membership application fee. Please note that the fee for AIR accreditation to the Nexii platforms is payable to Nexii. Admission to the AIR register is at the discretion of Nexii and its various partners and their decision will be final in this regard.
1 NEXII / AUTHORISED IMPACT REPRESENTATIVES / TYPES AND FEES
AIR - TYPES AND FEES
PAYMENT OPTION 1 – ANNUALLY IN ADVANCE
PAYMENT OPTION 2 – IN INSTALMENTS
Application fee for individuals, organisations or firms with up to four applicant representatives
US$500
US$500
Application fee – per additional representative beyond the first four applicant representatives
Additional representative application fee
US$75
US$75
Authorised Impact Representatives fulfilling the role of both Nominated Impact Advisor and Impact Verification Agent
Individuals or organisations that provide business development and advisory services to high impact social and/or environmental purpose businesses, small and growing businesses and/or impact investment funds.
Headquartered in the United States or European Union – US$2,500
Headquartered in the United States or European Union
Headquartered in a developing country – US$1,750
Block listing fees:
TYPE
DEFINITION
Application fee (all types)
Annual Membership - US$750 0 – 4 listings = US$2,250 5 + listings = US$2,000 Headquartered in a developing country – Annual Membership US$500 Block listing fees: 0 – 4 listings = US$1,750 5 + listings = US$1,500
Nominated Impact Advisors only or Impact Verification Agents only
Individuals or organisations that seek to only operate as either Nominated Impact Advisors OR as Impact verification agents
Headquartered in the United States or European Union – US$2,000
Headquartered in the United States or European Union
Headquartered in a developing country – US$1,250
Block listing fees:
Annual Membership - US$750 0 – 4 listings = US$1,750 5 + listings = US$1,500 Headquartered in a developing country Annual Membership - US$500 Block listing fees: 0 – 4 listings = US$1,250 5 + listings = US$1,000
2 NEXII / AUTHORISED IMPACT REPRESENTATIVES / TYPES AND FEES
AIR - TYPES AND FEES
EXAMPLES OF FEES The following examples are provided for illustrative purposes only:
EXAMPLE 1 Suppose that you wish to apply for AIR accreditation, to fulfil the role of a Nominated Impact Advisor and Impact Verification Agent and your firm’s office is headquartered in the United Kingdom. You anticipate that during the course of the year you would be able to advise 3 high impact businesses. The various fee scenarios are: Payment Option 1: Annual upfront payment regardless of the number of clients you advise. FEE
Apply for AIR role and headquartered in the UK Application fee (up to four applicant representatives)
$500
Annual fee
$2,500
Payment Option 2: Small registration fee and block listing fee based on the number of clients you will advise to listing on the iX. FEE
Apply for AIR role and headquartered in the UK Application fee (up to four applicant representatives)
$500
Annual fee
$750
Block listing fee – 3 high impact businesses
$2,250
Total subsequent annual fee
$3,000
If you were to advise 5 high impact businesses, your annual fee would be: FEE
Annual fee after the first year Annual fee
$750
Block listing fee – 5 high impact businesses
$2,000
Total subsequent annual fee
$2,750
3 NEXII / AUTHORISED IMPACT REPRESENTATIVES / TYPES AND FEES
AIR - TYPES AND FEES
EXAMPLE 2 Suppose that you wish to apply for AIR accreditation as a Nominated Impact Advisor only. Your firm offers impact metric and measurement services. Your firm’s office is headquartered in Kenya. You anticipate that during the course of the year you would be able to advise 5 high impact businesses. The various fee scenarios are: Payment Option 1: Annual upfront payment regardless of the number of clients you advise. FEE Apply for Nominated Impact Advisor role headquartered in Kenya Application fee (up to four applicant representatives)
$500
Annual fee
$1,250
Payment Option 2: Small application fee and block listing fee based on the number of clients you will advise to help gain admission to a Nexii platform or to list on the iX. FEE Apply for Nominated Impact Advisor role headquartered in Kenya Application fee (up to four applicant representatives)
$500
Annual fee
$500
Block listing fee – 5 high impact businesses
$1,000
Total subsequent annual fee
$1,500
4 NEXII / AUTHORISED IMPACT REPRESENTATIVES / TYPES AND FEES