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To access the FCA Handbook Archive choose a date between 1 January 2001 and 31 December 2004.

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  1. Point in time
    2005-10-01

COLL 10 Annex 1 2Periodic fees payable for the period 1 April 2005 to 31 March 200623

COLL 10 Annex 1R

2Part 1 - Periodic fees payable

2

Scheme type

Basic fee (£)

Total funds/ sub-funds aggregate

Fund factor

2005/06 fee (£)

ICVC

AUT

Section 264 of the Act

Section 270 of the Act

610

1-2

1

610

3-6

2.5

1,525

7-15

5

3,050

16-50

11

6,710

>50

22

13,420

Section 272 of the Act

2,500

1-2

1

2,500

3-6

2.5

6,250

7-15

5

12,500

16-50

11

27,500

>50

22

55,000

Fees are charged according to the number of funds or sub-funds operated by a firm as at 31 March 2005. Where more than one fund or sub-fund is operated the number of funds (not including the umbrella or parent fund) produces a 'fund factor' in accordance with the table above which is then applied to a basic fee to produce one total fee per operator. Fund factors are applied per operator rather than per scheme so that the fees relate to the number of funds rather than the number of schemes. This means that, for example, an authorised fund manager of three schemes pays the same as an operator or authorised fund manager of one scheme with three sub-funds (as only the sub-funds are counted).2