FEES 4 Annex 2A FCA Fee rates for the period from 1 April 2024 to 31 March 202532 30 28 5 7 7 11 18 20 23 25

R02/07/2024

40Part 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
		39Periodic fee
	>10 - 140	16.44737 36 2 5 5 7 7 11 13 18 23 25 30 32
	>140 - 630	16.44737 36 2 5 5 7 7 11 13 18 23 25 30 32
	>630 - 1,580	16.44737 36 2 5 5 7 7 11 13 18 23 25 30 32
	>1,580 - 13,400	20.55937 36 2 5 5 7 7 11 13 18 23 25 30 32
	>13,400	27.13837 36 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 £7,35437 is payable in respect of these permissions.18 11 13 18 23 32
A.2	Band width (No. of mortgages and/or home finance transactions)	Fee (£2/mortgage)
	>50 2	3.787037 36 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	348.5137 36 2 5 5 7 7 11 13 16 18 23 25 30 32
	PLUS
	Best estimate liabilities for fees purposes (BEL)16	39Periodic fee
	Band Width (£2million of BEL16)	Fee (£2/£2m or part £2m of BEL16)
	>1 2	21.0337 36 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 £595.0037 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 32
A.4	Gross written premium for fees purposes (GWP)16	39Periodic fee
	Band Width (£2million of GWP16)	Fee (£2/£2m or part £2m of GWP16)
	>1 2	207.8337 36 2 5 5 7 7 11 13 16 18 23 25 30 32
	PLUS
	Best estimate liabilities for fees purposes (BEL)16	39Periodic fee
	Band Width (£2million of BEL16)	Fee (£2/£2m or part £2m of BEL16)
	>1 2	15.6937 36 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	5.5337 36 2 5 5 7 7 11 13 18 23 25 30 32
A.6	Flat fee (£)2	428,246.3437 36 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	5.12937 36 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	1,111.3637 36 2 5 5 7 7 11 13 18 23 25 30 32
A.10	Band Width (No. of traders)	Fee (£2/person)
	>12 2	9,288.9437 36 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	2.71337 36 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	2.23837 36 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	12.5837 36 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	1.73637 36 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	128.6037 36 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	96.4537 36 5 5 7 7 11 13 18 23 25 30 32
	more than £1 billion5 5	64.3037 36 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	0.50737 36 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	0.380337 36 5 5 13 18 23 25 30 32
	more than £100 billion5 5	0.253537 36 5 5 13 18 23 25 30 32
30A.22	Band Width (No. of appointed representatives)	Fee (£/appointed representative)
	>0	289.00 37 for appointed representatives other than introducer appointed representatives 32
	>0	87.0037 for introducer appointed representatives 32
31A.23	Band Width (£ thousands of annual income (AI))	Fee (£/£ thousand or part £ thousand of AI)
31A.23	>100	14.3037 36
13	2	13 2 7 7 11
5B. Service Companies	Band Width	Fee (£)18 12
	Annual income up to and including £100,000	1,307.0037 7 7 11 12 13 18 23 32
	PLUS:18
	Band width18	Fee (£/£thousand or part £ thousand of income)18
	Annual income over £100,00012	0.8137 36 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	1,329.0037 17 12 18 23 32
	15PLUS:
	15Band width	Fee (£/£ thousand or part £18 thousand of income)
	Annual income over 100,00017 12	1.4137 36 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	126,238.0037 18 23 25 30 32
	15PLUS:
	15Band width	Fee (£/£ thousand or part £18 thousand of income)
	Annual income over £10,000,000	2.7037 36 15 18 23 25 30 32
12B. Recognised auction platforms29 22	67,292.0037 13 18 22 29 30 32
12B. Recognised overseas investment exchanges	72,095.0037 13 18 23 25 24 30 32
	72,095.0037 13 18 23 25 24 30 32
	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	1,329.0037 28 30 32
	PLUS:28
	Band width28	Fee (£/£ thousand or part £ thousand of income) 30 28
	Annual income over £100,00028	1.8137 36 28 30 32
4CC1. Credit-related regulated activities with limited permission	Band Width (£ thousands of annual income (AI))	Fee (£)5
	0 - 105 5	600.0037 5 5 13 18 23 30 34 32
	>10 - 10034 5 5	900.0037 5 5 13 18 23 30 34 32
	34 5 5	34 5 5 13 18 23 30
	>1005 5	1,100.0037 5 5 13 18 23 30 34 32
	5PLUS:
		5Fee (£/£ thousand or part £ thousand of AI)
	>2505 5	0.629737 36 5 5 25 30 32
4CC2. Credit-related regulated activities	Band Width (£ thousands of annual income (AI))	Fee (£)35 5 34
	0 - 505 5	1,250.0037 5 5 13 18 23 30 34 32
	>50 34-10032 5 5	1,500.0037 5 5 13 18 23 30 34 32
	>10032 5 5 34	1,750.0037 5 5 13 18 23 30 34 32
	5PLUS:
		5Fee (£)35
	>2505 5	1.764037 36 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	577.0037 32
	50-100	1,155.0037 32
	>100	13.0137 per £ thousand or part per £ thousand 25 30 32 36
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)	£1,75037 unless it is a community finance organisation with a tariff base of:11 2 2 7 11 7 9 13 18 23 34 32
		11(a)	up to and including 3 mortgages and/or home finance transactions, in which case a minimum fee of £20337 13is payable; or 32 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 £68937 is payable; or 2 2 7 7 32 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 £1,27837 is payable. 2 7 7 32 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 £0.1032837 36 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			£87537 32
			[deleted]32
			[deleted]32
			[deleted]32
			[deleted]32
	(2)	Credit union with a32 tariff base (Modified Eligible Liabilities) of:
		(a)	£0 to £0.5million32			£10537 32
		(b)	£0.5million36 to £2.0million 32			£35637 32
		32(c)	above £2 million.			£65937
	(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	£28437
		32(b)	A.4 but not A.3	£1 million or less	£1 million or less	£28437
		32(c)	Both A.3 and A.4
			32A.3	£0.5 million or less	£1 million or less	£28437
			32A.4	£1 million or less	£1 million or less	£28437

Part 3 [deleted]22

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FEES 4 Annex 2A FCA Fee rates for the period from 1 April 2024 to 31 March 202532 30 28 5 7 7 11 18 20 23 25