FEES 5 Annex 1R 46Annual Fees Payable in Relation to 2010/1152
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
69121269612Industry 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 operators14 369 |
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 89 |
0.02712 per relevant account, subject to a minimum levy of 1001 6912 |
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 69110 |
3-The Society (of Lloyd's) |
Not applicable |
|
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 6912 |
5-Fund managers (including those holding client money/assets and not holding client money/assets) |
Flat fee12 12 |
69 |
6-Operators, trustees and depositaries of collective investment schemes and operators of personal pension schemes or stakeholder pension schemes2 |
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 45121 69126912 |
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 9129 |
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 31391 6913 |
[to follow]13 |
For small payment institutions and small e-money issuers a flat fee13 |
Levy of 75 as from 2010/1113 |
|
12- |
69 | |
13-Cash plan health providers |
Flat fee |
Levy of 50 |
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 |
16-3Home finance providers, advisers and arrangers 9 (excluding firms in blocks 13, 14 & 15) 369 |
Flat fee |
Levy of 7012 912 |
17 - General insurance mediation (excluding firms in blocks 13, 14 & 15) |
Annual income (as defined in MIPRU 4.3) relating to firm's relevant business12 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 912 |
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 fees49
Compulsory jurisdiction - case fee table |
||
case fee |
||
standard case fee |
50050 50 |
(for the fourth chargeable case and any subsequent chargeable case in this financial year 2010/11)52 505052 |
special case fee |
50050 50 |
(for the fourth chargeable case and any subsequent chargeable case in this financial year 2010/11)52 5052 |
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 fee49
Consumer credit jurisdiction - case fee table |
||
case fee |
||
standard case fee |
50050 50 |
(for the fourth chargeable case and any subsequent chargeable case in this financial year 2010/11)52 5052 |
50special case fee |
500 |
(for the fourth chargeable case and any subsequent chargeable case in this financial year 2010/11)52 52 |
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 participants49
Voluntary jurisdiction - general levy tariff and case fee table |
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industry block and business activity |
tariff basis |
tariff rate |
minimum levy8 |
case fee (Note 1)50 850 |
|
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 5052 |
0.027852 50 |
100 |
50050 50 |
2V |
VJ participants undertaking insurance activities subject only to prudential regulation |
per 1,000 of relevant annual gross premium income |
0.10352 50 |
100 |
50050 50 |
3V |
VJ participants undertaking insurance activities subject to prudential and conduct of business regulation |
Per 1,000 of relevant adjusted annual gross premium income |
0.02550 50 |
100 |
50050 50 |
6V |
intermediaries |
n/a |
n/a |
7550 50 |
50050 50 |
507V |
Freight-forwarding companies |
n/a |
n/a |
75 |
500 |
8V |
National Savings & Investments |
n/a |
n/a |
10,000 |
50050 50 |
9V |
Post Office Limited |
n/a |
n/a |
10,000 |
50050 50 |
10V |
Persons not covered by 1V to 950V undertaking activities which would be regulated activities or payment services52 or consumer credit activities if they were carried on from an establishment in the United Kingdom 50 |
n/a |
n/a |
7550 50 |
50050 50 |
Notes *note on case fees: (1) The standard case fee and the special case fee are both 500.50As for the compulsory jurisdiction, VJ participants will only be charged for the fourth and subsequent chargeable case in this financial year 2010/11.52 52 |