FEES 5 Annex 1R 47Annual Fees Payable in Relation to 2009/10 51

R01/11/2009

Introduction: annual budget

1. The annual budget for 2009/1012 approved by the FSA is 92.5m.12

Part 1: General levy 12

2. The total amount expected to be raised through the general levy in 2009/10 will be £17.7m(net of £1.8m to be raised from consumer credit firms).12

Part 2: Fee tariffs for general levy 12

6 9 12 12 6 9 6 12

Industry block	Tariff base	General levy payable by firm
1-Deposit acceptors, home finance providers,14 home finance administrators 9 (excluding firms in block 14) and dormant account fund operators 14 3 6 9	Number of accounts relevant to the activities in DISP 2.6.1 R9 as at 31 December For an e-money firm, the tariff base includes the number of e-money accounts multiplied by 0.15. (7)11 In the case of dormant account fund operators, the tariff base is the number of eligible activated accounts (8).14 8 9	0.02712 per relevant account, subject to a minimum levy of 1001 6 9 12
2-Insurers - general (excluding firms in blocks 13 & 15)	Relevant annual gross premium income	0.12610 per 1,000 of relevant annual gross premium income, subject to a minimum levy of 100 6 9 1 10
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	0.02812 per 1,000 of relevant adjusted annual gross premium income, subject to a minimum levy of 1001 6 9 12
5-Fund managers (including those holding client money/assets and not holding client money/assets)	Flat fee12 12	1Levy of 2009 6 9
6-Operators, trustees and depositaries of collective investment schemes and operators of personal pension schemes or stakeholder pension schemes 2	Flat fee	Levy of 506 6
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 persons approved to perform the customer function (CF30), but excluding those persons solely acting in the capacity of an investment manager or solely advising clients in connection with corporate finance business or performing functions relating to these.	4512 per relevant approved person subject to a minimum levy of 4512 1 6 9 12 6 9 12
9-Advisory arrangers, dealers or brokers not holding and controlling client money and/or assets	Number of relevant persons approved to perform the customer function (CF30), but excluding those persons solely acting in the capacity of an investment manager or solely advising clients in connection with corporate finance business or performing functions relating to these.	4012 per relevant approved person subject to a minimum levy of 409 9 12 9
10-Corporate finance advisers	Flat fee	Levy of 50
11-fee-paying payment service providers (but excluding firms in any other Industry block)13	For authorised payment institutions, the Post Office Limited, the Bank of England, government departments and local authorities, and EEA authorised payment institutions relevant income as described in FEES 4 Annex 11 Part 313 9 1 6 9 13	[to follow]13
	For small payment institutions and small e-money issuers a flat fee13	Levy of 75 as from 2010/1113
12-	N/A for 2009/1012 1 6 9
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
16-3 Home finance providers, advisers and arrangers 9 (excluding firms in blocks 13, 14 & 15) 3 6 9	Flat fee	Levy of 7012 9 12
17 - General insurance mediation (excluding firms in blocks 13, 14 & 15)	Annual income (as defined in MIPRU 4.3) relating to firm's relevant business 12 12	0.175 per 1,000 of annual income (as defined in MIPRU 4.3) relating to firm's relevant business subject to a minimum levy of 8012 9 12

Notes11

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.
117	(1) An e-money account is, subject to (2), e-money that has been issued by an e-money firm and which can reasonably be regarded as being held by the owner of the e-money as a single balance and under the same arrangements. (2) An account that would be an e-money account under (1) will not be one where, as at 31 December, it carries a nil balance and/or has been inactive for a period of 12 months or more.
148	Eligible activated accounts are the number of repayment claims met by the dormant account fund operator as at the 31 December.

Part 3: Case Fees

Table: Standard case fees and special case fees50

Compulsory jurisdiction - case fee table
case fee
standard case fee	50051 51	(for the fourth chargeable case and any subsequent chargeable case in this financial year 2009/10)51 51
special case fee	50051 51	(for the fourth chargeable case and any subsequent chargeable case in this financial year 2009/10)51 51
The definitions of standard case fee and special case fee are in FEES 5.5, (case fees) in the FSA Handbook.
The definition of a chargeable case is in the Glossary to the FSA Handbook

Part 3A: Case fees licencees

Table: Consumer credit jurisdiction - standard case fee50

Consumer credit jurisdiction - case fee table
case fee
standard case fee	50051 51	(for the fourth chargeable case and any subsequent chargeable case in this financial year 2009/10)51 51
51special case fee	500	(for the fourth chargeable case and any subsequent chargeable case in this financial year 2009/10)
The definitions of standard case fee and special case fee are in FEES 5.5, (case fees) in the FSA Handbook.
The definition of a chargeable case is in the Glossary to the FSA Handbook

Part 4: VJ participants

Table: Fee tariffs and case fees for VJ participants50

Voluntary jurisdiction - general levy tariff and case fee table
industry block and business activity		tariff basis	tariff rate	minimum levy8	case fee (Note 1)51 8 51
1V	deposit acceptors, mortgage lenders and administrators, including debit/credit/charge card issuers and electronic money institutions	number of relevant accounts, adjusted in respect of e-money accounts on the same basis as for industry block 1 in Part 2 of FEES 5 Annex 1 R (Note 2)51	0.02751 51	100	50051 51
2V	VJ participants undertaking insurance activities subject only to prudential regulation	per 1,000 of relevant annual gross premium income	0.12651 51	100	50051 51
3V	VJ participants undertaking insurance activities subject to prudential and conduct of business regulation	Per 1,000 of relevant adjusted annual gross premium income	0.02551 51	100	50051 51
6V	intermediaries	n/a	n/a	7551 51	50051 51
517V	Freight-forwarding companies	n/a	n/a	75	500
8V	National Savings & Investments	n/a	n/a	10,000	50051 51
9V	Post Office Limited	n/a	n/a	10,000	50051 51
10V	Persons not covered by 1V to 951V undertaking activities which would be regulated activities or consumer credit activities if they were carried on from an establishment in the United Kingdom 51	n/a	n/a	7551 51	50051 51
5211V	Activities which (at 1 November 2009) were payment services or would be payment services if they were carried on from an establishment in the United Kingdom (but excluding persons covered by any other industry block and business activity)	Relevant income as described in FEES 4 Annex 11 R Part 3	[to follow]	[to follow]	500
Notes *note on case fees: (1) The standard case fee and the special case fee are both 500.51As for the compulsory jurisdiction, VJ participants will only be charged for the fourth and subsequent chargeable case in this financial year 2009/10.51 51note on relevant accounts: (2) The FSA's consultation paper CP08/18 (chapter 7) contains a proposal to amend the definition of relevant accounts in relation to e-money accounts. (www.fsa.gov.uk/pubs/cp/cp08_18.pdf)

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FEES 5 Annex 1R 47Annual Fees Payable in Relation to 2009/10 51