FEES 5 Annex 1R 47194617532425252729Annual General Levy Payable in Relation to the Compulsory Jurisdiction for 2018/1930
Introduction: annual budget
1. The annual budget for 172018/1933 approved by the FCA24 is £289.8m33.17
2. The total amount expected to be raised through the general levy in 172018/1933 will be £24.5m27. 17
Compulsory jurisdiction - general levy1654
691215171921242425252729212412151719192124242525272916546915171921242425252729171919212424191921241654612Industry 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 In the case of dormant account fund operators, the tariff base is the number of eligible activated accounts (8).14 8917 |
£0.0446633 1715 per relevant account, subject to a minimum levy of £211001 69121517191921242425252729 |
2-Insurers - general (excluding firms in blocks 13 & 15) |
Gross written premium for fees purposes (GWP) as defined in FEES 4 Annex 1AR; or31 Relevant gross written premium (RGWP) notified to the FCA under FEES 5.4.1R(1A)31 |
£0.06933 1715 per £211,000 of GWP or RGWP31, subject to a minimum levy of £2110033 69110151719192124252527293131 |
3-The Society (of Lloyd's) |
Not applicable |
£25,9892117 to be allocated by the Society 1517191921 |
4. Insurers - life (excluding firms in block 15) |
Gross written premium for fees purposes (GWP) as defined in FEES 4 Annex 1AR; or31 Relevant gross written premium (RGWP) notified to the FCA under FEES 5.4.1R(1A)31 |
1725£0.008533 per £211,000 of GWP or RGWP31, subject to a minimum levy of £130331 69121517191921242425252731213121 |
5. Portfolio managers22 (including those holding client money/assets and not holding client money/assets) 22 |
Flat fee12 12 |
69171919212424 |
6. Managers and depositaries of investment funds, and operators of collective investment schemes or pension schemes22 222 |
Flat fee |
61719192124 |
7-Dealers as principal |
Flat fee |
17191921 |
8-Advisors,20 arrangers, dealers or brokers holding and controlling client money and/or assets 20 |
Annual income as defined in FEES 4 Annex 11A relating to firm’s relevant business.20 20 |
17120£0.13633 per £1,000 of annual income subject to a minimum fee of £4521 691215171969121520212424252529 |
9-Advisors,20 arrangers, dealers or brokers not holding and controlling client money and/or assets 20 |
Annual income as defined in FEES 4 Annex 11A relating to firm's relevant business.20 20 |
17£0.03333 per £1,000 of annual income subject to a minimum fee of £4521 912151719199152020212424252529 |
10-Corporate finance advisers |
Flat fee |
17191921 |
11-fee-paying payment service providers (but excluding firms in any other Industry block13 except Industry block 18)17 |
For authorised payment institutions, registered account information service providers, 30electronic money issuers (except for small electronic money institutions),17 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 |
£0.000333 17 per £211,000 of relevant income subject to a minimum levy of £217515 15171919212424 |
For small payment institutions and small electronic money institutions 17a flat fee13 17 |
1719192115 | |
| 69151919212424252527151 | ||
13-Cash plan health providers |
Flat fee |
171919 |
Flat fee |
17191921 | |
15-Friendly societies whose tax-exempt business represents 95% or more of their total relevant business |
Flat fee |
17191921 |
16-3Home finance providers, advisers and arrangers 9 (excluding firms in blocks 13, 14 & 15) 369 |
Flat fee |
912151719192124 |
17 - General insurance distribution32 (excluding firms in blocks 13, 14 & 15) |
Annual income (as defined in MIPRU 4.3) relating to firm's relevant business12 12 |
1725£0.447733 per £211,000 of annual income (as defined in MIPRU 4.3) relating to firm's relevant business subject to a minimum levy of £10021 912151719192124242525272912151521 |
For all fee-paying electronic money issuers except for small electronic money institutions, average outstanding electronic money, as described in FEES 4 Annex 11 Part 3.18 1819 |
£0.000729 per £211,000 of average outstanding electronic money subject to a minimum levy of £21403318 181921242419 |
|
For small electronic money institutions, a flat fee |
19 | |
2319 - Credit-related regulated activities with limited permission |
For not-for-profit debt advice bodies, a flat fee |
Levy of £024 24 |
For all other firms with limited permission, a flat fee |
Levy of £3524 24 |
|
Annual income as defined in FEES 4 Annex 11BR |
Levy of £35 Plus £0.0133 per £1,000 of annual income on income above £250,00024 2429 |
|
21 -26 CBTL firms55 that do not have permission to carry out any regulated activities27 |
Flat fee55 |
Levy of £3527 55 |
2622 - designated credit reference agencies (but excluding firms in any other industry block) |
Flat fee |
Levy of £7529 |
2823 – designated finance platforms (but excluding firms in any other industry block) |
28Flat fee |
Levy of £7529 28 |
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 1A46 and Part 2 and Part 2A of FEES 4 Annex 1117. 46 |
6 |
Where the tariff base in the table is defined in similar terms as that for the equivalent activity group in46 Part 3 of FEES 4 Annex 1A46 or Part 3 of FEES 4 Annex 1117, it must be calculated in the same way as that tariff base - taking into account only the firm's relevant business (except for firms in industry blocks 2 and 4).31 46 |
117 |
[deleted]17 17 |
148 |
Eligible activated accounts are the number of repayment claims met by the dormant account fund operator as at the 31 December. |