FEES 4 Annex 2A FCA Fee rates for the period from 1 April 2023 to 31 March 202432 30 28 5 7 7 11 18 20 23 25

R04/07/2023

41Part 1

This table shows the tariff rates applicable to each of the fee blocks set out in Part 1 of FEES 4 Annex 1AR.

(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 by multiplying the value of the firm's tariff base by the rate applicable 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 3 of FEES 4 Annex 1A R are disproportionate to the difference in fees payable; and
	(b)	it notifies the FCA 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 4.4.2R8 (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; and11
	(b)	an additional fee of £250 is payable, unless the firm is a PRA-authorised person in which case an additional fee of £125 is payable instead.11
	(c)	[deleted]11 5 5 7 7 7 7

Activity group	Fee payable
A.1	Band width (£2million of Modified Eligible Liabilities (MELs))	Fee (£/£m or part £m2 of MELs) 2
		General Periodic fee
	>10 - 140	14.83636 2 5 5 7 7 11 13 18 23 25 30 32
	>140 - 630	14.83636 2 5 5 7 7 11 13 18 23 25 30 32
	>630 - 1,580	14.83636 2 5 5 7 7 11 13 18 23 25 30 32
	>1,580 - 13,400	18.54536 2 5 5 7 7 11 13 18 23 25 30 32
	>13,400	24.47936 2 5 5 7 7 11 13 18 23 25 30 32
	The tariff rates in A.1 are not relevant for the permissions relating to operating a dormant asset fund 33. Instead a flat fee of £6,76232 is payable in respect of these permissions.18 11 13 18 23
A.2	Band width (No. of mortgages and/or home finance transactions)	Fee (£2/mortgage)
	>50 2	3.14536 2 5 5 7 7 11 13 18 23 25 30 32
A.3	Gross written premium for fees purposes (GWP)16	Periodic fee
	Band Width (£2million of GWP16)	Fee (£2/m or part £m of GWP16)
	>0.5 2	344.2036 2 5 5 7 7 11 13 16 18 23 25 30 32
	PLUS
	Best estimate liabilities for fees purposes (BEL)16	General Periodic fee
	Band Width (£2million of BEL16)	Fee (£2/£2m or part £2m of BEL16)
	>1 2	21.7036 2 5 5 7 7 11 13 16 18 23 25 30 32
	For UK ISPVs the tariff rates are not relevant and a flat fee of 7 £547.0032 is payable in respect of each FCA financial year (the 12 months ending 31 March). 7 7 11 7 13 16 18 23 25 30
A.4	Gross written premium for fees purposes (GWP)16	General Periodic fee
	Band Width (£2million of GWP16)	Fee (£2/£2m or part £2m of GWP16)
	>1 2	238.9336 2 5 5 7 7 11 13 16 18 23 25 30 32
	PLUS
	Best estimate liabilities for fees purposes (BEL)16	General Periodic fee
	Band Width (£2million of BEL16)	Fee (£2/£2m or part £2m of BEL16)
	>1 2	15.89836 2 5 5 7 7 11 13 16 18 23 25 30 32
A.5	Band Width (£2million of Active Capacity (AC))	Fee (£2/£2m or part £2m of AC)
	>50 2	5.3036 2 5 5 7 7 11 13 18 23 25 30 32
A.6	Flat fee (£)2	400,692.8436 2 5 5 7 7 11 13 18 23 25 30 32
A.7	For class 1(C), (2) , (3) and (4)6 firms: 6
	Band Width (£2million of Funds under Management (FuM))	Fee (£2/£2m or part £2m of FuM)
	>10 2	4.94736 2 5 5 7 7 11 13 18 23 25 30 32
	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%.2
A.9	Band Width (£2million of Gross Income (GI))	Fee (£2/£2m or part £2m of GI)
	>1 2	988.2536 2 5 5 7 7 11 13 18 23 25 30 32
A.10	Band Width (No. of traders)	Fee (£2/person)
	>12 2	8,069.4036 2 5 5 7 7 11 13 18 23 25 30 32
	For firms carrying on auction regulation bidding, the fee in A.10 is calculated as above less 20% for each trader that carries on auction regulation bidding but not MiFID business bidding or dealing in investments as principal.29 22
	2 3	2 3
A.13	Band Width (£ thousands of annual income (AI))	Fee (£/£ thousand or part £ thousand of AI)
	>1002 2	2.4736 2 5 5 7 7 11 13 18 23 25 30 32
A.14	Band Width (£ thousands of annual income (AI))	Fee (£/£ thousand or part £ thousand of AI)
	>1002 2	1.5436 2 5 5 7 7 11 13 18 23 25 30 32
A.18	Band Width (£2 thousands of Annual Income (AI))	Fee (£2/£2 thousand or part £2 thousand of AI)
	>100 2	10.45536 2 5 5 7 7 11 13 18 23 25 30 32
A.19	Band Width (£2 thousands of Annual Income (AI))	Fee (£2/£2 thousand or part £2 thousand of AI)
	>100 2	1.72736 2 5 5 7 7 11 13 18 23 25 30 32
3A.21	Client money
	Band Width (£ client money) (CM) held	Fee (£/£ millions or part £ million of CM)
	less than £1 million5 5	99.0936 5 5 7 7 11 13 18 23 25 30 32
	an amount equal to or greater than £1 million but less than or equal to £1 billion	74.3236 5 5 7 7 11 13 18 23 25 30 32
	more than £1 billion5 5	49.5536 5 5 7 7 11 13 18 23 25 30 32
	PLUS
	Safe custody assets
	Band Width (£ safe custody assets) (CA) held	Fee (£/£ millions or part £ million of CA)
	less than £10 million5 5	0.41536 5 5 11 13 18 23 25 30 32
	an amount equal to or greater than £10 million and less than or equal to £100 billion	0.311336 5 5 13 18 23 25 30 32
	more than £100 billion5 5	0.207536 5 5 13 18 23 25 30 32
30A.22	Band Width (No. of appointed representatives)	Fee (£/appointed representative)
	>0	266.0032 for appointed representatives other than introducer appointed representatives
	>0	80.0032 for introducer appointed representatives
31A.23	Band Width (£ thousands of annual income (AI))	Fee (£/£ thousand or part £ thousand of AI)
31A.23	>100	7.5636
13	2	13 2 7 7 11
5B. Service Companies	Band Width	Fee (£)18 12
	Annual income up to and including £100,000	1,202.0032 7 7 11 12 13 18 23
	PLUS:18
	Band width18	Fee (£/£thousand or part £ thousand of income)18
	Annual income over £100,00012	0.9936 7 7 11 12 13 18 23 25 30 32
	12	12 7 7 11
	12
1 13 7 11 7 7	13 7 7 11
7	7 11	7
B. Regulated benchmark administrators17 12	Band width12	Fee (£)15 12
	Annual income up to and including 100,00017 12	1,222.0032 17 12 18 23
	15PLUS:
	15Band width	Fee (£/£ thousand or part £18 thousand of income)
	Annual income over 100,00017 12	1.3336 23 19 17 12 15 25 30 32
12B. Recognised investment exchanges	Band width	Fee (£)15
	Annual income up to and including £10,000,000	116,081.0032 18 23 25 30
	15PLUS:
	15Band width	Fee (£/£ thousand or part £18 thousand of income)
	Annual income over £10,000,000	2.3936 15 18 23 25 30 32
12B. Recognised auction platforms29 22	61,878.0032 13 18 22 29 30
12B. Recognised overseas investment exchanges	66,294.0032 13 18 23 25 24 30
	66,294.0032 13 18 23 25 24 30
	30 26 24	30 26 24 26 24 26 24
	30 27 21	30 21
B. MTF and OTF14 operators	Band width28 14 14	Fee (£) 30 28
	Annual income up to and including £100,00028	1,222.0032 28 30
	PLUS:28
	Band width28	Fee (£/£ thousand or part £ thousand of income) 30 28
	Annual income over £100,00028	1.6536 28 30 32
4CC1. Credit-related regulated activities with limited permission	Band Width (£ thousands of annual income (AI))	Fee (£)5
	0 - 105 5	35032 5 5 13 18 23 30 34
	>10 - 10034 5 5	70032 5 5 13 18 23 30 34
	34 5 5	34 5 5 13 18 23 30
	>1005 5	1,00032 5 5 13 18 23 30 34
	5PLUS:
		5Fee (£/£ thousand or part £ thousand of AI)
	>2505 5	0.58136 5 5 25 30 32
4CC2. Credit-related regulated activities	Band Width (£ thousands of annual income (AI))	Fee (£)35 5 34
	0 - 505 5	1,00032 5 5 13 18 23 30 34
	>50 34-10032 5 5	1,25032 5 5 13 18 23 30 34
	>10032 5 5 34	1,50032 5 5 13 18 23 30 34
	5PLUS:
		5Fee (£)35
	>2505 5	1.62736 5 5 11 25 30 32
	A fee payer which falls into fee blocks A.0 and CC2. pays a fee of £035 in relation to income falling within the CC2. fee block up to a Band Width35 of 250. 34
20CMC.	Band width (£ thousands of annual turnover)	Fee (£) 30 25
	0-50	531.0032
	50-100	1,062.0032
	>100	0.9136 per £ thousand or part per £ thousand 25 30 32
30 24
30	30 26 24

Part 2

The tables below show 9the tariff rates (minimum fees) applicable to each of the fee blocks set out in Part 2 of FEES 4 Annex 1AR.

9Part 2(a) shows the tariff rates (minimum fees) payable to the FCA by FCA-authorised persons and Part 2(b) shows the tariff rates (minimum fees) payable to the FCA by PRA-authorised persons.

[Note: PRA-authorised persons will also pay minimum fees to the PRA as set out in Chapter 3 of the Fees Part of the PRA Rulebook 16.]

9Part 2(a) tariff rates (minimum fees) payable to the FCA by FCA-authorised persons
A.0	(1)	£1,50032 unless it is a community finance organisation with a tariff base of:11 2 2 7 11 7 9 13 18 23 34
		11(a)	up to and including 3 mortgages and/or home finance transactions, in which case a minimum fee of £18732 13is payable; or 23 18
		11(b)	more than 3 but no more than 10 mortgages and/or home finance transactions, in which case a minimum fee of £63432 is payable; or 2 2 7 7 23 18 13
		11(c)	more than 10 but no more than 50 mortgages and/or home finance transactions, in which case a minimum fee of £1,17532 is payable. 2 7 7 23 18 13
			2 2 7 7
	(2)
			2 2 7 7
			[deleted]9 3 3 2 2 7 7
	(3)

			[deleted]9
	[deleted]9 2
	(4)	[deleted]9 2
AP.0	Periodic fees payable under fee blocks A.2, A.7 to A.19, A.21, A.23 and CC.234 in Part 1 multiplied by rate £0.1050836. 32 34 31 5 2 30 25 23 18 2 5 7 7 13 11

Part 2(b) tariff rates (minimum fees) payable to the FCA by PRA-authorised persons						Fee32
A.0	(1)	32	Any PRA-authorised person except as set out in (2) and (3)32			£75032
			[deleted]32
			[deleted]32
			[deleted]32
			[deleted]32
	(2)	Credit union with a32 tariff base (Modified Eligible Liabilities) of:
		(a)	£0 to £0.5million32			£9732
		(b)	£0.5million36 to £2.0million 32			£32732
		32(c)	above £2 million.			£606
	(3)	Non-directive friendly society that meets the criteria of one of the following categories (a) to (c):
			Activity group the firm falls into32	Gross written premium for fees purposes for that activity32	Best estimate liabilities for fees purposes for that activity32
		32(a)	A.3 but not A.4	£0.5 million or less	Up to £1 million or less	£261
		32(b)	A.4 but not A.3	£1 million or less	£1 million or less	£261
		32(c)	Both A.3 and A.4
			32A.3	£0.5 million or less	£1 million or less	£261
			32A.4	£1 million or less	£1 million or less	£261

Part 3 [deleted]22

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FEES 4 Annex 2A FCA Fee rates for the period from 1 April 2023 to 31 March 202432 30 28 5 7 7 11 18 20 23 25