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FEES 5 Annex 1R Annual Fees Payable in Relation to 2005/06

R

Introduction: annual budget

1. The annual budget for 2005/06 approved by the FSA is 53.1 m.

Part 1: General levy and supplementary levy

2. The total amount expected to be raised through the general levy in 2005/06 will be 11.067 m.

Part 2: Fee tariffs for general levy and supplementary levy

3. No establishment costs will be raised in 2005/06 by the supplementary levy.

Industry block

Tariff base

General levy payable by firm

1-Deposit acceptors, mortgage lenders and administrators (excluding firms in block 14)

Number of accounts relevant to the activities in DISP 2.6.1 R

0.00356 per relevant account, subject to a minimum levy of 100

2-Insurers - general (excluding firms in blocks 13 & 15)

Relevant annual gross premium income

0.044 per 1,000 of relevant annual gross premium income, subject to a minimum levy of 100

3-The Society (of Lloyd's)

Not applicable

24,048 to be allocated by the Society

4. Insurers - life (excluding firms in block 15)

Relevant adjusted annual gross premium income

0.10 per 1,000 of relevant adjusted annual gross premium income, subject to a minimum levy of 100

5-Fund managers (including those holding client money/assets and not holding client money/assets)

Relevant funds under management

0.0009 per 1,000 of relevant funds under management, subject to a minimum levy of 100

6-Operators, trustees and depositaries of collective investment schemes

Flat fee

Levy of 75

7-Dealers as principal

Flat fee

Levy of 50

8-Advisory arrangers, dealers or brokers holding and controlling client money and/or assets

Number of relevant approved persons (controlled functions 21, 22, 24, 25, 26)

100 per relevant approved person(controlled functions 21, 22, 24, 25, 26), subject to a minimum levy of 100

9-Advisory arrangers, dealers or brokers not holding and controlling client money and/or assets

Number of relevant approved persons (controlled functions 21, 22, 24, 25, 26)

25 per relevant approved person (controlled functions 21, 22, 24, 25, 26), subject to a minimum levy of 50

10-Corporate finance advisers

Flat fee

Levy of 50

11-

N/A for 2004/05

12-

N/A for 2004/05

13-Cash plan health providers

Flat fee

Levy of 50

14-Credit unions

Flat fee

Levy of 50

15-Friendly societies whose tax-exempt business represents 95% or more of their total relevant business

Flat fee

Levy of 50

16-Mortgage lenders, advisersand arrangers (excluding firms in blocks 13, 14 & 15)

Flat fee

Levy of 50

17 - General insurance mediation (excluding firms in blocks 13, 14 & 15)

Flat fee

Levy of 50

4

[not used]

5

The industry blocks in the table are based on the equivalent activity groups set out in Part 1 of FEES 4 Annex 1.

6

Where the tariff base in the table is defined in similar terms as that for the equivalent activity group in Part 2 of FEES 4 Annex 1, it must be calculated in the same way as that tariff base - taking into account only the firm's relevant business.

Part 3: Case fees

Table: Standard case fees and special case fees in relation to 2005/2006

Governing provisions

Case Fee

Amount

FEES 5.5.1 R

Standard case fee

360

FEES 5.5.6 R

Special case fee: complaints from small businesses

475

FEES 5.5.7 R

Special case fee: firms which cease to be authorised

475

FEES 5.5.8 R

Special case fee: relevant complaints against persons who were subject to a former scheme

475

Part 4: Fee Tariffs and case fees for VJ participants

Table: Fee tariffs and case fees for VJ participants in relation to 2005/2006

Voluntary jurisdiction industry block

Tariff base

General levy payable by firm

Minimum general levy per firm

Case fee*

1V

Deposit acceptors, mortgage lenders and administrators

Number of relevant accounts

0.00383 per relevant account

100

360

2V

VJ participants undertaking insurance activities subject only to prudential regulation

Relevant annual gross premium income

0.000044 per 1 of relevant annual gross premium income

100

360

3V

VJ participants undertaking insurance activities subject to prudential and conduct of business regulation

Relevant adjusted annual gross premium income

0.000094 per 1 of relevant adjusted annual gross premium income

100

360

4V

[No longer applicable.]

5V

[No longer applicable.]

6V

Other intermediaries

Not applicable

Not applicable

Not applicable

360

7V

VJ participants not falling into any of the above categories

Not applicable

Not applicable

Not applicable

475

8V

National Savings and Investments business

Not applicable

Not applicable

10,000

360

9.

The industry blocks in the table are based on the equivalent activity groups for authorised firms, as set out in part 1 of FEES 4 Annex 1.

10.

Where the tariff base in the table is defined in similar terms as the tariff base for the equivalent activity group set out in part 2 of FEES 4 Annex 1, it must be calculated in the same way as that tariff base except that it takes into account only the VJ participant's relevant business.

11.

'Relevant business' for the purposes of funding the Voluntary Jurisdiction means that part of a VJ participant's business which it conducts with private individuals and which is subject to the Voluntary Jurisdiction of the Financial Ombudsman Service as provided for in DISP 2.6.9 R (The Voluntary Jurisdiction), as measured by the appropriate tariff base for each industry block.

Note on case fees

12.

As for the Compulsory Jurisdiction, firms will only be charged for the third and subsequent chargeable case in any financial year.