FEES 4 Annex 2 13Fee tariff rates, permitted deductions and EEA/Treaty firm modifications for the period from 1 April 2007 to 31 March 20083
1Part 1 |
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This table shows the tariff rates applicable to each fee block |
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(1) |
For each activity group specified in the table below, the fee is the total of the sums payable for each of the tariff bands applicable to the firm's business, calculated as follows: |
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(a) |
the relevant minimum fee; plus |
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(b) |
an additional fee calculated by multiplying the firm's tariff base by the appropriate rates applying to each tranche of the tariff base, as indicated. |
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(2) |
A firm may apply the relevant tariff bases and rates to non-UK business, as well as to its UK business, if: |
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(a) |
it has reasonable grounds for believing that the costs of identifying the firm's UK business separately from its non-UK business in the way described in Part 2 of FEES 4 Annex 1 are disproportionate to the difference in fees payable; and |
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(b) |
it notifies the FSA in writing at the same time as it provides the information concerned under FEES 4.4 (Information on which fees are calculated), or, if earlier, at the time it pays the fees concerned. |
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(3) |
For a firm which has not complied with FEES 4.4.2 R (Information on which fees are calculated) for this period: |
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(a) |
the fee is calculated using (where relevant) the valuation or valuations of business applicable to the previous period, multiplied by the factor of 1.10; |
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(b) |
an additional administrative fee of 250 is payable; and |
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(c) |
the minimum total fee (including the administrative fee in (b)) is 400. |
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Activity group |
Fee payable |
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A.1 |
Minimum fee () |
150 |
million of Modified Eligible Liabilities (MELs) |
Fee (/m or part m of MELS) |
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0 - 0.5 |
0 |
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>0.5 - 2 |
additional flat fee of 360 |
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>2 -10 |
additional flat fee of 510 |
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>10 - 200 |
30.96 |
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>200 - 2,000 |
30.93 |
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>2,000 - 10,000 |
30.88 |
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>10,000 - 20,000 |
30.76 |
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>20,000 |
30.52 |
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For a firm in A.1 which has a limitation on its permission to the effect that it may accept deposits from wholesale depositors only, the fee is calculated as above less 30%. 3 |
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Minimum fee (m of MELs) |
Fee () |
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if 0 - 2,000 |
0 |
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if >2,000 |
2,000 |
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million of MELs |
Fee (/m or part m of MELs) |
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0 - 5,000 |
0 |
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>5,000 - 10,000 |
0.69 |
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>10,000 - 20,000 |
0.63 |
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>20,000 |
0.59 |
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A.2 |
Minimum fee () |
450 |
No. of mortgages |
Fee (/mortgage) |
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0 - 50 |
0 |
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51 - 500 |
4.36 |
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501 - 1,000 |
1.75 |
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1,001 - 50,000 |
1.32 |
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50,001 - 500,000 |
0.44 |
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>500,000 |
0.09 |
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A.3 |
Gross premium income (GPI) |
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Minimum fee () |
410 |
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million of GPI |
Fee (/m or part m of GPI) |
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0 - 0.5 |
0 |
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>0.5 - 2 |
1,778.54 |
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>2 - 5 |
1,652.58 |
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>5 - 20 |
1,550.19 |
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>20 - 75 |
493.49 |
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>75 - 150 |
432.61 |
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>150 |
60.98 |
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PLUS |
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Gross technical liabilities (GTL) |
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Minimum fee () |
0 |
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million of GTL |
Fee (/m or part m of GTL) |
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0 - 1 |
0 |
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>1 - 5 |
43.55 |
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>5 - 50 |
40.36 |
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>50 - 100 |
37.46 |
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>100 - 1,000 |
11.80 |
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>1,000 |
4.73 |
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For UK ISPVs the tariff rates are not relevant and a flat fee of 400 is payable in respect of the period 1 January 2007 to 31 March 2007 to be invoiced with the fee for the financial period 2007/8.2 |
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A.4 |
Adjusted annual gross premium income (AGPI) |
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Minimum fee () |
205 |
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million of AGPI |
Fee (/m or part m of AGPI) |
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0 - 1 |
0 |
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>1 - 50 |
756.42 |
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>50 - 1,000 |
705.19 |
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>1,000 - 2,000 |
484.07 |
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>2,000 |
332.35 |
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PLUS |
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Mathematical reserves (MR) |
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Minimum fee () |
205 |
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million of MR |
Fee (/m or part m of MR) |
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0 - 1 |
0 |
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>1 - 10 |
37.70 |
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>10 - 100 |
34.51 |
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>100 -1,000 |
23.37 |
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>1,000 - 5,000 |
16.43 |
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>5,000 - 15,000 |
12.78 |
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>15,000 |
9.93 |
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For UK ISPVs the tariff rates are not relevant and a flat fee of 400 is payable in respect of the period 1 January 2007 to 31 March 2007 to be invoiced with the fee for the financial period 2007/8.2 |
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A.5 |
Minimum fee () |
550 |
million of Active Capacity (AC) |
Fee (/m or part m of AC) |
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0 - 50 |
0 |
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>50 - 150 |
99.36 |
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>150 - 250 |
83.62 |
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>250 |
24.53 |
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A.6 |
1,068,000 |
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A.7 |
For class 1(C), (2) and (3) firms: |
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Minimum fee () |
1,150 |
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million of Funds under Management (FuM) |
Fee (/m or part m of FuM) |
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0 - 10 |
0 |
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>10 - 100 |
52.68 |
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>100 - 2,500 |
16.94 |
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>2,500 - 10,000 |
9.43 |
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>10,000 |
1.06 |
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For class 1(B) firms: the fee calculated as for class 1(C) firms above, less 15%. For class 1(A) firms: the fee calculated as for class 1(C) firms above, less 50%. |
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A.8 |
This activity group does not apply for this period. |
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A.9 |
Minimum fee () |
1,800 |
million of Gross Income (GI) |
Fee (/m or part m of GI) |
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0 - 1 |
0 |
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>1 - 5 |
1,074.59 |
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>5 - 15 |
1,056.41 |
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>15 - 40 |
1,045.94 |
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>40 |
1,031.68 |
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A.10 |
Minimum fee () |
2,200 |
No. of traders |
Fee (/trader) |
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0 - 2 |
0 |
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3 - 5 |
2,069 |
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6 - 10 |
1,495 |
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11 - 50 |
1,382 |
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51 - 200 |
1,196 |
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>200 |
965 |
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In addition, the fee specified below is payable by UK domestic firms. The permitted deductions in Part 2 of FEES 4 Annex 2 do not apply to this fee. |
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Minimum fee (No. of traders) |
Fee () |
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if 0 - 100 |
0 |
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if >100 |
1,000 |
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No. of traders |
Fee (/trader) |
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0 -125 |
0 |
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126 - 250 |
72.71 |
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>250 |
52.84 |
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A.11 |
This activity group does not apply for this period. |
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A.12 |
Minimum fee () |
1,715 |
No. of persons |
Fee (/person) |
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0 - 1 |
0 |
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2 - 4 |
1,018 |
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5 - 10 |
515 |
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11 - 25 |
377 |
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26 - 150 |
205 |
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151 - 1,500 |
156 |
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>1,500 |
104 |
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For a professional firm in A.12 the fee is calculated as above less 10%. |
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A.13 |
For class (2) firms: |
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Minimum fee () |
1,605 |
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No. of persons |
Fee (/person) |
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0 - 1 |
0 |
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2 - 4 |
878 |
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5 - 10 |
856 |
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11 - 25 |
821 |
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26 - 500 |
757 |
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501 - 4,000 |
696 |
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>4000 |
657 |
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For class (1) firms: 1,605 For a professional firm in A.13 the fee is calculated as above less 10%. |
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A.14 |
Minimum fee () |
1,220 |
No. of persons |
Fee (/person) |
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0 - 1 |
0 |
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2 |
1,101 |
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3 - 4 |
1,030 |
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5 - 10 |
947 |
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11 - 100 |
899 |
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101 - 200 |
629 |
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>200 |
378 |
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A.15 |
This activity group does not apply for this period. |
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A.16 |
0 |
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A.17 |
This activity group does not apply for this period. |
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A.18 |
Minimum fee () |
635 |
thousands of Annual Income (AI) |
Fee (/ thousand or part thousand of AI) |
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0 - 100 |
0 |
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>100 - 1,000 |
5.38 |
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>1,000 - 5,000 |
4.48 |
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>5,000 - 10,000 |
3.59 |
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>10,000 - 20,000 |
2.69 |
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>20,000 |
2.25 |
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A.19 |
Minimum fee () |
400 |
thousands of Annual Income (AI) |
Fee (/ thousand or part thousand of AI) |
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0 - 100 |
0 |
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>100 - 1,000 |
3.80 |
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>1,000 - 5,000 |
3.32 |
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>5,000 - 15,000 |
2.40 |
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>15,000 - 100,000 |
0.96 |
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>100,000 |
0.39 |
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B. Market operators |
20,000 |
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B. Service companies |
Bloomberg LP |
31,500 |
EMX Co Ltd |
21,000 |
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LIFFE Services Ltd |
21,000 |
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Ofex plc |
70,000 |
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OMGEO Ltd |
21,000 |
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Reuters Ltd |
31,500 |
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Swapswire Ltd |
21,000 |
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Thomson Financial Ltd |
21,000 |
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Part 2 |
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This table shows the permitted deductions that apply: |
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Activity group |
Nature of deduction |
Amount of deduction |
A.3 |
Financial penalties received |
1.2% of the fee payable by the firm for the activity group (see Part 1) |
A.4 |
Financial penalties received |
3.1% of the fee payable by the firm for the activity group (see Part 1) |
A.5 |
Financial penalties received |
1.2% of the fee payable by the firm for the activity group (see Part 1) |
A.6 |
Financial penalties received |
1.2% of the fee payable by the firm for the activity group (see Part 1) |
A.10 |
Financial penalties received |
100% of the fee payable by the firm for the activity group (see Part 1) |
A.12 |
Financial penalties received |
5.6% of the fee payable by the firm for then activity group (see Part 1) |
A.13 |
Financial penalties received |
0.9% of the fee payable by the firm for the activity group (see Part 1) |
A.14 |
Financial penalties received |
1.8% of the fee payable by the firm for the activity group (see Part 1) |
E. |
Financial penalties received |
3% of the fee payable by the firm for the activity group (see Part 1) |
Part 33 |
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This table shows the modifications to fee tariffs that apply to incoming EEA firms and incoming Treaty firms. |
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Activity group |
Percentage deducted from the tariff payable under Part 1 applicable to the firm |
Minimum amount payable |
A.1 |
80% (except for a firm operating on a cross-border services basis only) |
100 (except for a firm operating on a cross-border services basis only) |
For a firm operating on a cross-border services basis only, 100% |
For a firm operating on cross-border services basis only, nil |
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A.3 |
100% |
nil |
A.4 |
25% |
100 |
A.7 |
5% |
100 |
A.9 |
5% |
100 |
A.10 |
10% |
100 |
A.12 |
10% |
100 |
A.13 |
10% |
100 |
A.19 |
10% |
100 |
The modifications to fee tariffs payable by an incoming EEA firm or an incoming Treaty firm apply only in relation to the relevant regulated activities of the firm which are passported activities or Treaty activities and which are carried on in the UK. |
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