Content Options

View Options

Status: You are viewing the version of the handbook as on 2012-12-13.

FEES 4 Annex 7 124Periodic fees in relation to the Listing Rules for the period 1 April 82012 to March 20138764

R

1Fee type

Fee amount

Annual fees for the period 1 April 2012 to 31 March 2013876

234478

Annual Issuer Fees - all listed issuers of shares, depositary receipts and securitised derivatives. This fee represents the total annual fee for a listed issuer - no additional annual fee is due under the disclosure rules and transparency rules.

(1) For all issuers of securitised derivatives, the fees payable are set out in Table 1.

(2) For all other issuers, fees to be determined according to market capitalisation, as at the last business day of the November prior to the FSA financial yearin which the fee is payable,5 are 3as set out in Table 2. The fee is calculated as follows:

(a) the relevant minimum fee; plus

(b) the cumulative total of the sums payable for each of the bands calculated by multiplying each tranche of the firm's market capitalisation by the rate indicated for that tranche.

(3) Notwithstanding (2), overseas issuers with a listing of equity securities which is not a primary listing premium listing 6will only pay 80% of the fee otherwise payable under (2).

888

No fee is due under this annex in relation to regulated covered bonds. 1 R sets out the fees due in relation to regulated covered bonds.

Annual fees are charged in annual cycles beginning on 1 April of a year and ending on 31 March of the following year. For fees purposes issuers should take into account only equity ordinary shares, including those issued by suspended issuers.

Table 1

The annual fee8 for issuers of securitised derivatives is 4,200.8

88

Table 2

Tiered annual fees for all other issuers

Fee payable

Minimum fee (£)

£4,200863

2368

£ million of Market Capitalisation as at the last business day of the November prior to the FSA financial year in which the fee is payable5

Fee (£/£m or part £m of Market Capitalisation as at the last business day of the November prior to the FSA financial year in which the fee is payable)5

0 - 100

0

>100 - 250

26.778459864

23468

>250 - 1,000

10.710673864

23468

>1,000 - 5,000

6.592859864

23468

>5,000 - 25,000

0.160820864

23468

>25,000

0.051957864

23468

There is deducted from the fee specified in this Annex 1.88%76 of the fee payable to take into account financial penalties received by the FSA under section 91 of the Act 7in the previous financial year.4

678