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FEES 5 Annex 1R Annual Fees Payable in Relation to 2006/0747

R

Introduction: annual budget

1. The annual budget for 2006/07 approved by the FSA is 59.2m.1

Part 1: General levy and supplementary levy

2. The total amount expected to be raised through the general levy in 2006/07 will be 15.8m.1

Part 2: Fee tariffs for general levy and supplementary levy

3. No establishment costs will be raised in 2006/071 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

0.0059 per relevant account, subject to a minimum levy of 1001

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

Relevant annual gross premium income

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

1

3-The Society (of Lloyd's)

Not applicable

28,0001 to be allocated by the Society

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

Relevant adjusted annual gross premium income

0.124 per 1,000 of relevant adjusted annual gross premium income, subject to a minimum levy of 1001

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

Relevant funds under management

0.00071 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)

160 per relevant approved person(controlled functions 21, 22, 24, 25, 26), subject to a minimum levy of 1601

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)

451 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 2006/071

12-

N/A for 2006/071

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 fees47

47Compulsory jurisdiction - case fee table

case fee

standard case fee

360

(for the third chargeable complaint and any subsequent chargeable complaint in any financial year)

special case fee

475

(for the third chargeable complaint and any subsequent chargeable complaint in any financial year)

The definitions of standard case fee and special case fee are in FEES 5.5, replacing DISP 5.6 (case fees), in the FSA Handbook.

The definition of a chargeable case is in the Glossary to the FSA Handbook.
47

Part 4: VJ participants47

47

Table: Fee tariffs and case fees for VJ participants47

47Voluntary jurisdiction - general levy tariff and case fee table

industry block and business activity

tariff basis

tariff rate

minimum levy

case fee*

1V

deposit acceptors, mortgage lenders and administrators, including debit/charge card issuers

number of relevant accounts

0.0042

100

360

2V

firms undertaking insurance activities subject only to prudential regulation

per 1,000 of relevant annual gross premium income

0.052

100

360

3V

firms undertaking insurance activities subject to prudential and conduct of business regulation

Per 1,000 of relevant adjusted annual gross premium income

0.12

100

360

6V

intermediaries

n/a

n/a

50

360

8V

National Savings

n/a

n/a

10,000

360

*note on case fees

As for the compulsory jurisdiction, firms will only be charged for the third and subsequent chargeable case in anyfinancial year.