FEES 5 Annex 2R Annual Levy Payable in Relation to the Voluntary Jurisdiction 2022/23189101314
Industry block and business activity |
Tariff basis |
Tariff rate |
Minimum levy |
|
1V |
Deposit acceptors, mortgage lenders and mortgage administrators10 and8 debit/credit/charge card issuers and merchant acquirers8 1088 |
number of accounts relevant to the activities in DISP 2.5.1 R8 8 |
£10100 |
|
2V |
VJ participants undertaking general8 insurance activities 58 |
£0.110217 1016166 |
1016 | |
3V |
VJ participants undertaking life8 insurance activities 58 |
£0.026817 1016166 |
1016 | |
6V |
Intermediaries |
n/a |
n/a |
£1075 |
7V |
Freight-forwarding companies |
n/a |
n/a |
£1075 |
8V |
National Savings & Investments |
n/a |
n/a |
£1010,000 |
9V |
Post Office Limited |
n/a |
n/a |
8 |
10V |
Persons not covered by 1V to 9V undertaking activities which are: (a) regulated activities; or12 (b) payment services; 12 or would be if they were carried on from an establishment in the United Kingdom12 812121111812 |
n/a |
n/a |
£1075 |
812V |
Persons undertaking the activity which is the issuance of electronic money or would be if carried on from an establishment in the United Kingdom |
n/a18 9159 |
n/a18 1091716109 |
£1075 |
1213V |
Persons not covered by 1V to 9V undertaking activities which are CBTL activities or would be if they were carried on from an establishment in the United Kingdom |
n/a15 |
n/a15 |
£7515 |
314V |
Persons not covered by 1V to 9V providing credit information, under the Small and Medium Sized Business (Credit Information) Regulations or providing specified information under the Small and Medium Business (Finance Platforms) Regulations 4or would be if it was carried on from an establishment in the United Kingdom |
n/a15 |
n/a15 |
£7515 |
215V |
VJ participants undertaking activities relating to claims management services |
annual income |
£50 plus £3 per £1,000 of annual income |
£75 |
Notes6 |
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(1) For the purposes of FEES 5 Annex 2R and for VJ participants undertaking general insurance activities (industry block 2V) ‘gross written premium’ means:6 (a) if subject to reporting requirements under the Solvency II Directive, the total of items entered under row codes R0110, R0120 and R0130, as expressed in column code C0200 where this column is completed for those row codes, of the annual quantitative reporting template S.05.01.01 but only in relation to the relevant business of the VJ participant (in accordance with DISP 4.2.6(5)R and FEES 5.3.8R); and6 (b) if not subject to reporting requirements under the Solvency II Directive, the gross premiums written but only in relation to the relevant business of the VJ participant (in accordance with DISP 4.2.6(5)R and FEES 5.3.8R)6. (2) For the purposes of FEES 5 Annex 2R and for VJ participants undertaking life insurance activities (industry block 3V) ‘gross written premium’ means:6 (a) if subject to reporting requirements under the Solvency II Directive, the item entered under row code R1410, column code C0300 of the annual quantitative reporting template S05.01.01 minus corporate pension business under the annual quantitative reporting template S14.01.01 but only in relation to the relevant business of the VJ participant (in accordance with DISP 4.2.6(5)R and FEES 5.3.8R); and6 (b) if not subject to reporting requirements under the Solvency II Directive, the minimum levy would apply.6 (3) ‘Annual quantitative reporting template’ has the meaning given in Fees Chapter 1 Application and Definitions of the PRA Rulebook.6 (4) ‘Corporate pension business’ has the meaning given in Fees Chapter 1 Application and Definitions of the PRA Rulebook. 6 (5) For VJ participants undertaking activities relating to claims management services (fee-block 15V):2 Income is defined as turnover.2 “Turnover” means the sum of the amounts paid to, or received by, a VJ participant in respect of activities relating to claims management services carried on from an establishment in the UK or elsewhere in the EEA which are not regulated claims management activity, including:2 (a) charges, commission, the share of any compensation, fees and subscriptions;2 (b) the monetary value of any services received by the VJ participant where it makes no payment for those services or where the payment received is worth less than the monetary value of the services; and2 (c) the monetary value of any advertising in respect of the VJ participant that it has not paid for out of funds referred to in sub-paragraphs (a) and (b).2 “Annual income” means the VJ participant’s annual turnover for the financial year ended in the calendar year ending 31 December.2 |
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