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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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CRED 15 Annex 3 Financial penalties

G

1Number of business days late

Annual fees payable by firm

Note

£1 to £150

£151 to £500

£501 to £1,000

£1,001 to less than £10,000

£10,000 to less than £20,000

£20,000 to less than £50,000

£50,000 to less than £100,000

£100,000 or greater

22-28

40

100

200

400

800

2000

4000

6000

15-21

30

75

150

300

600

1500

3000

4500

8-14

20

50

100

200

400

1000

2000

3000

1-7

10

25

50

100

200

500

1000

1500

Note:

1. For this purpose, the annual fee payable by the credit union is the annual fee for the most recent financial year for which the FSA has fully invoiced the credit union before the date on which the relevant report first became late.

2. Where the credit union first becomes authorised after 2 July 2002, and at the time the report first becomes late the credit union has not previously been fully invoiced by the FSA for an annual fee, the annual fee of the credit union will be treated as that for £1 to £150.