FEES 4 Annex 2 1 3Fee tariff rates, permitted deductions and EEA/Treaty firm modifications for the period from 1 April 920099 to 31 March 920109

01/04/2009

Part 1

This table shows the tariff rates applicable to each fee block

4(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:
	(a)	the relevant minimum fee; plus
	(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.
(2)	A firm may apply the relevant tariff bases and rates to non-UK business, as well as to its UK business, if:
	(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
	(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.
(3)	For a firm which has not complied with FEES 4.4.2 R (Information on which fees are calculated) for this period:
	(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;
	(b)	an additional administrative fee of £250 is payable; and
	(c)	the minimum total fee (including the administrative fee in (b)) is £430.6 6
Activity group	Fee payable
A.1	Minimum fee (£)	£1606 6
	million of Modified Eligible Liabilities (MELs)	Fee (/m or part m of MELS)
	0 - 0.5	0
	>0.5 - 2	additional flat fee of 3806 6
	>2 -10	additional flat fee of 5306 6
	>10 - 200	24.726 6
	>200 - 2,000	24.696 6
	>2,000 - 10,000	24.616 6
	>10,000 - 20,000	24.436 6
	>20,000	24.266 6
	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%.
A.2	Minimum fee ()	5256 6
	No. of mortgages	Fee (/mortgage)
	0 - 50	0
	51 - 500	4.926 6
	501 - 1,000	1.986 6
	1,001 - 50,000	1.486 6
	50,001 - 500,000	0.516 6
	>500,000	0.116 6
A.3	Gross premium income (GPI)
	Minimum fee ()	4306 6
	million of GPI	Fee (/m or part m of GPI)
	0 - 0.5	0
	>0.5 - 2	2,134.956 6
	>2 - 5	1,983.756 6
	>5 - 20	1,860.846 6
	>20 - 75	592.396 6
	>75 - 150	519.316 6
	>150	73.206 6
	PLUS
	Gross technical liabilities (GTL)
	Minimum fee ()	0
	million of GTL	Fee (/m or part m of GTL)
	0 - 1	0
	>1 - 5	51.036 6
	>5 - 50	47.306 6
	>50 - 100	43.896 6
	>100 - 1,000	13.836 6
	>1,000	5.546 6
	7PLUS
	7Solvency 2 Special Project Fee (the Solvency 2 fee)
	7Minimum fee ()	0
	7There is only a single tariff band.	The fee is calculated in accordance with Part 4 of this Annex. The percentage for this fee block (by which periodic fees are multiplied as described in Part 4) is 3.2%.
For UK ISPV's the tariff rates are not relevant and a flat fee of 4306is payable in respect of the period 1 April 2008 to 31 March 2009.6 6 6
A.4	Adjusted annual gross premium income (AGPI)
	Minimum fee ()	2156 6
	million of AGPI	Fee (/m or part m of AGPI)
	0 - 1	0
	>1 - 50	637.876 6
	>50 - 1,000	594.676 6
	>1,000 - 2,000	408.206 6
	>2,000	280.266 6
	PLUS
	Mathematical reserves (MR)
	Minimum fee ()	2156 6
	million of MR	Fee (/m or part m of MR)
	0 - 1	0
	>1 - 10	33.556 6
	>10 - 100	30.716 6
	>100 - 1,000	20.796 6
	>1,000 - 5,000	14.636 6
	>5,000 - 15,000	11.366 6
	>15,000	8.836 6
	7PLUS
	7Solvency 2 Special Project Fee (Solvency 2 fee)
	7Minimum fee ()	0
	7There is only a single tariff band.	The fee is calculated in accordance with Part 4 of this Annex. The percentage for this fee block (by which periodic fees are multiplied as described in Part 4) is 1.41%.
	For UK ISPV's the tariff rates are not relevant and a flat fee of 4306is payable in respect of the period 1 April 2008 6to 31 March 2009.6 6 6 6
A.5	Minimum fee ()	5806 6
	million of Active Capacity (AC)	Fee (/m or part m of AC)
	0 - 50	0
	>50 - 150	114.916 6
	>150 - 250	96.716 6
	>250	28.376 6
A.6	Flat Fee ()6	1,284,7256 6
A.7	For class 1(C), (2) and (3) firms:
	Minimum fee ()	1,2106 6
	million of Funds under Management (FuM)	Fee (/m or part m of FuM)
	0 - 10	0
	>10 - 100	50.286 6
	>100 - 2,500	16.176 6
	>2,500 - 10,000	9.006 6
	>10,000	1.026 6
	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%.
A.8	This activity group does not apply for this period.
A.9	Minimum fee ()	1,8906 6
	million of Gross Income (GI)	Fee (/m or part m of GI)
	0 - 1	0
	>1 - 5	842.836 6
	>5 - 15	828.576 6
	>15 - 40	820.366 6
	>40	809.186 6
A.10	Minimum fee ()	2,3106 6
	No. of traders	Fee (/trader)
	0 - 2	0
	3 - 5	2,564.006 6
	6 - 10	1,852.006 6
	11 - 50	1,712.006 6
	51 - 200	1,482.006 6
	>200	1,196.006 6
A.11	This activity group does not apply for this period.
A.12	Minimum fee ()	1,9606 6
	No. of persons	Fee (/person)
	0 - 1	0
	2 - 4	1,125.006 6
	5 - 10	570.006 6
	11 - 25	418.006 6
	26 - 150	221.00
	151 - 1,500	167.00
	>1,500	112.00
	For a professional firm in A.12 the fee is calculated as above less 10%.
A.13	For class (2) firms:
	Minimum fee ()	1,8506 6
	No. of persons	Fee (/person)
	0 - 1	0
	2 - 4	1,002.006 6
	5 - 10	978.006 6
	11 - 25	939.006 6
	26 - 500	835.00
	501 - 4,000	767.00
	>4000	724.00
	For class (1) firms: 1,8506 For a professional firm in A.13 the fee is calculated as above less 10%. 6
A.14	Minimum fee ()	1,335.006 6
	No. of persons	Fee (/person)
	0 - 1	0
	2	1,258.006 6
	3 - 4	1,194.006 6
	5 - 10	1,098.006 6
	11 - 100	1,042.006 6
	101 - 200	729.006 6
	>200	438.006 6
A.15	This activity group does not apply for this period.
A.16	This activity group does not apply for this period.6 6
A.17	This activity group does not apply for this period.
A.18	Minimum fee ()	7456 6
	thousands of Annual Income (AI)	Fee (/ thousand or part thousand of AI)
	0 - 100	0
	>100 - 1,000	5.186 6
	>1,000 - 5,000	4.336 6
	>5,000 - 10,000	3.466 6
	>10,000 - 20,000	2.606 6
	>20,000	2.186 6
A.19	Minimum fee ()	4506 6
	thousands of Annual Income (AI)	Fee (/ thousand or part thousand of AI)
	0 - 100	0
	>100 - 1,000	4.316 6
	>1,000 - 5,000	3.776 6
	>5,000 - 15,000	2.606 6
	>15,000 - 100,000	1.046 6
	>100,000	0.426 6
B. Market operators	20,000
B. Service companies	Bloomberg LP	37,0006 6
	EMX Co Ltd	27,0006 6
	LIFFE Services Ltd	27,0006 6
	[row deleted]6 6	6
	OMGEO Ltd	27,0006 6
	Reuters Ltd	37,0006 6
	Swapswire Ltd	27,0006 6
	Thomson Financial Ltd	27,0006 6
B. MTF operators9	As set out in 0R (Periodic fees for MTF operators).

Part 2

This table shows the permitted deductions that apply

4Activity group	Nature of deduction	Amount of deduction
A.1	Financial penalties received	1.4%6 of the fee payable by the firm for the activity group (see Part 1) 6
A.2	Financial penalties received	1.4%6 of the fee payable by the firm for the activity group (see Part 1) 6
A.3	Financial penalties received	1.4%6 of the fee payable by the firm for the activity group (see Part 1). The deduction does not apply to any Solvency 2 fee (as defined in Part 1)7 6
A.4	Financial penalties received	1.4%6 of the fee payable by the firm for the activity group (see Part 1). The deduction does not apply to any Solvency 2 fee (as defined in Part 1)7 6
A.5	Financial penalties received	1.4%6 of the fee payable by the firm for the activity group (see Part 1) 6
A.6	Financial penalties received	1.4%6 of the fee payable by the firm for the activity group (see Part 1) 6
A.7	Financial penalties received	1.4%6 of the fee payable by the firm for the activity group (see Part 1) 6
A.9	Financial penalties received	1.4%6 of the fee payable by the firm for the activity group (see Part 1) 6
A.10	Financial penalties received	1.4%6 of the fee payable by the firm for the activity group (see Part 1) 6
A.12	Financial penalties received	1.4%6 of the fee payable by the firm for then activity group (see Part 1) 6
A.13	Financial penalties received	1.4%6 of the fee payable by the firm for the activity group (see Part 1) 6
A.14	Financial penalties received	1.4%6 of the fee payable by the firm for the activity group (see Part 1) 6
A.18	Financial penalties received	1.4%6 of the fee payable by the firm for the activity group (see Part 1) 6
A.19	Financial penalties received	1.4%6 of the fee payable by the firm for the activity group (see Part 1) 6

Part 33
This table shows the modifications to fee tariffs that apply to incoming EEA firms and incoming Treaty firmswhich have established branches in the UK5.
Activity group	Percentage deducted from the tariff payable under Part 1 applicable to the firm	Minimum amount payable
A.1	80% 5	100 5
A.1	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
B. MTF operators9	Not applicable	Not applicable
The modifications to fee tariffs payable by an incoming EEA firm or an incoming Treaty firm which has established a branch in the UK 5apply 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.

7Part 4
This table shows the calculation of the Solvency 2 fee for firms falling into fee block A.3 or A.4
(1)	The Solvency 2 fee forms part of the periodic fee payable under fee block A.3 and A.4 (the insurance fee blocks).
(2)	The Solvency 2 fee is only payable by a firm if:
	(a)	it was in one or both of the insurance fee blocks at the start of the financial year 2008/9;
	(b)	FEES 4.3.13 R (Firms Applying to Cancel or Vary Permission Before Start of Period) does not apply with respect to the fee block in (a); and
	(c)	it has not notified the FSA before the start of the financial year 2008/9 that it intends to migrate out of the United Kingdom for regulatory purposes before the proposed Solvency II Directive is implemented.
(3)	The Solvency 2 fee is payable by the top ten firms in the list of firms that fall into (2). A firm's ranking in this list is measured by reference to the amount of the periodic fees payable by it under FEES 4.3 in respect of the financial year 2007/8with respect to the insurance fee blocks.
(4)	The fee for a particular insurance fee blockis calculated by multiplying the periodic fee payable by the firm with respect to that fee block (ignoring the Solvency 2 fee) by the percentage specified in Part 1.
(5)	The total Solvency 2 fee payable by a firm (taking into account amounts payable under both insurance fee blocks) is capped at 50,000.
(6)	For the purpose of (3) firms falling into (2) that are in the same group at the start of the financial year 2008/9 must be treated as a single firm, so that the total number of firms liable to pay the Solvency 2 fee may be greater than 20.8 8
(7)	Where (6) applies, the Solvency 2 fee payable by the firms in the group concerned for a particular insurance fee block is calculated by multiplying the total amount of the periodic fees payable by those firms with respect to that fee block (ignoring the Solvency 2 fee) by the percentage specified in Part 1. All those firms are liable jointly and severally to pay the Solvency 2 fee. No incoming EEA firm or incoming Treaty firm that has established a branch in the UK is liable to pay any such joint fee.
(8)	Where (7) applies, (5) is applied to the group as a whole so that the total joint Solvency 2 fee payable by the group is capped at 50,000.
(9)	The definition of a group is restricted for the purpose of calculating the Solvency 2 fee to parent undertakings and their subsidiary undertakings.
(10)	In calculating the fee to which the percentage in (4) or (7) is applied, no account is taken of any change in the fee that takes place after the Solvency 2 fee has been billed.
(11)	The Solvency 2 fee is not reduced under the table in FEES 4.2.6 R (Modifications for persons becoming subject to periodic fees during the course of a financial year). Instead the fee to which the percentage in (4) or (7) is applied takes account of any reduction under that table. The same applies for the reductions in Part 3 of this Annex (Modifications to fee tariffs that apply to incoming EEA firms and incoming Treaty firms).

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FEES 4 Annex 2 1 3Fee tariff rates, permitted deductions and EEA/Treaty firm modifications for the period from 1 April 920099 to 31 March 920109