FEES 4A Annex 1R TP persons periodic fees for the period from 1 April 20212 to 31 March 20222

A.1

Band Width (£ million of Modified Eligible Liabilities (MELs))

Fee (£/£m or part £m of MELs)

General Periodic fee

>10 - 140

14.57722

>140 - 630

14.57722

>630 – 1,580

14.57722

>1,580 – 13,400

18.2222

>13,400

24.0522

A.2

Band Width (no. of mortgages and/or home finance transactions)

Fee (£/mortgage)

>50

2.8162

A.3

Gross written premium for fees purposes (GWP)

Periodic fee

Band Width (£ million of GPI)

Fee (£/£m or part £m of GWP)

>0.5

365.89 plus, where neither the firm, nor a member of its group, was a defendant in Financial Conduct Authority v Arch Insurance (UK) Ltd and others [2020] EWCA Comm 2448, 110.632

PLUS

Best estimate liabilities for fees purposes (BEL)

General Periodic fee

Band Width (£ million of BEL)

Fee (£/£m of part £m of BEL)

>1

18.90 plus, where neither the firm, nor a member of its group, was a defendant in Financial Conduct Authority v Arch Insurance (UK) Ltd and others [2020] EWCA Comm 2448, 6.152

A.4

Gross written premium for fees purposes (GWP)

General Periodic fee

Band Width (£ million of GWP)

Fee (£/£m or part £m of GWP)

>1

224.272

PLUS

Best estimate liabilities for fees purposes

General Periodic fee

Band Width (£ million of BEL)

Fee (£/£m or part £m of BEL)

>1

12.892

A.7

For class 1(C), (2), (3) and (4) firms:

Band Width (£ million of Funds under Management (FuM))

Fee (£/£m of part £m of FuM)

>10

4.552

Class 1 (C) firms are defined in FEES 4 Annex 1A

A.9

Band Width (£ million of Gross Income (GI))

Fee (£/£m of part £m of GI)

>1

973.262

A.102

Band Width (no. of traders)

Fee (£/trader)

>1

6,697.262

A.13

For class (2) firms

Band Width (£ thousands of annual income (AI))

Fee (£/£ thousand or part £ thousand of AI)

>100

2.4432

For a professional firm in A.13 the fee is calculated as above less 10%.

A.14

Band Width (£ thousands of annual income (AI))

Fee (£/£ thousand or part £ thousand of AI)

> 100

1.5482

A.18

Band Width (£ thousands of annual income (AI))

Fee (£/£ thousand or part £ thousand of AI)

> 100

[tbc]

A.19

Band Width (£ thousands of Annual Income (AI))

Fee (£/£ thousand or part £ thousand of AI)

>100

1.6622

2

2

CC.2

Band Width (£ thousands of annual income (AI))

Fee (£)

0 - 50

7502

>50 - 100

1,0002

>100

1,1512

PLUS:

Fee (£/£ thousand or part £ thousand of AI)

>250

1.402

A.0

£1,1512 unless it is a TP firm that also pays minimum fees set out in the PRA Rulebook, in which case it is £5742.

G.2

Minimum fee (£)

5252

£ million or part £ million of Modified Eligible Liabilities (MELs)

Fee (£/£m or part £m of MELs)

>0.1

0.4992

2

2

G.3

Minimum fee (£)

5252

£ thousands or part £ thousand of Relevant Income

Fee (£/£thousand or part £ thousand of Relevant Income)

>100

0.3352

G.10

Minimum fee (£)

1,726

£ million or part £ million of average outstanding electronic money (AOEM)

Fee (£/£m or part £m of AOEM)

>5.0

35.002