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Status: You are viewing the version of the handbook as on 2011-04-29.

FEES 7 Annex 1 CFEB levies for the period from 1 April 2010 to 31 March 2011

Part 1

R

This table shows the CFEB levies applicable to each activity group (fee-block)

Activity Group

CFEB levy payable

A.1

Band Width ( million of Modified Eligible Liabilities (MELs))

Fixed sum (/m or part m of MELs)

> 10 - 140

3.67

> 140 - 630

3.67

>630 -1,580

3.67

>1,580 - 13,400

3.67

>13,400

3.67

Note 1

For a firm in A.1 which has a limitation on its permission to the effect that it may accept deposits from wholesale depositors only, this levy is calculated as above less 30%.

A.2

Band Width (no. of mortgages and/or home finance transactions)

Fixed sum (/mortgage)

>50 - 130

0.10

>130 - 320

0.10

>320 - 4,570

0.10

>4, 570 - 37,500

0.10

> 37,500

0.10

A.3

Gross premium income (GPI)

Band Width ( million of GPI)

Fixed sum (/m or part m of GPI)

>0.5 - 10.5

45.21

>10.5 -30

45.21

>30 - 245

45.21

>245 - 1, 900

45.21

>1,900

45.21

PLUS

Gross technical liabilities (GTL)

Band Width ( million of GTL)

Fixed sum (/m or part m of GTL)

>1 - 12.5

2.29

>12.5 - 70

2.29

>70 - 384

2.29

>384 - 3,750

2.29

>3,750

2.29

A.4

Adjusted annual gross premium income (AGPI)

Band Width ( million of AGPI)

Fixed sum (/m or part m of AGPI)

>1 - 5

56.32

>5 - 40

56.32

>40 - 260

56.32

>260 - 4,000

56.32

>4,000

56.32

PLUS

Mathematical reserves (MR)

Band Width ( million of MR)

Fixed sum (/m or part m of MR)

>1 - 20

1.23

>20 - 270

1.23

>270 - 7,000

1.23

>7,000 - 45,000

1.23

>45,000

1.23

A.5

Band Width ( million of Active Capacity (AC))

Fixed sum (/m or part m of AC)

>50 - 150

4.25

>150 - 250

4.25

>250 - 500

4.25

>500 - 1,000

4.25

>1,000

4.25

A.6

Flat levy

120,590

A.7

For class 1(C), (2) and (3) firms:

Band Width ( million of Funds under Management (FuM))

Fixed sum (/m or part m of FuM)

>10 - 150

0.68

>150 - 2,800

0.68

>2,800 - 17,500

0.68

>17,500 - 100,000

0.68

>100,000

0.68

For class 1(B) firms: the fee calculated as for class 1(C) firms above, less 15%.

For class 1(A) firms: the fee calculated as for class 1(C) firms above, less 50%.

Class 1(A), (B) and (C) firms are defined in FEES 4 Annex 1

A.9

Band Width ( million of Gross Income (GI))

Fixed sum (/m or part m of GI)

>1 - 4.5

83.19

>4.5 - 17

83.19

>17 - 145

83.19

>145 - 50

83.19

>750

83.19

A.10

Band Width (no. of traders)

Fixed sum (/trader)

2 - 3

253.40

4 - 5

253.40

6 - 30

253.40

31 - 180

253.40

>180

253.40

A.12

Band Width (no. of persons)

Fixed sum (/person)

2 - 5

33.90

6 - 35

33.90

36 - 175

33.90

176 - 1,600

33.90

>1,600

33.90

For a professional firm in A.12 the fee is calculated as above less 10%.

A.13

For class (2) firms

Band Width (no. of persons)

Fixed sum (/person)

2 - 3

102.10

4 - 30

102.10

31 - 300

102.10

301 - 2,000

102.10

>2,000

102.10

For a professional firm in A.13 the fee is calculated as above less 10%.

A.14

Band Width (no. of persons)

Fixed sum (/person)

2 - 4

106.11

5 - 25

106.11

26 - 80

106.11

81 - 199

106.11

>199

106.11

A.18

Band Width ( thousands of Annual Income (AI))

Fixed sum (/ thousand or part thousand of AI)

>100 - 180

0.85

>180 - 1,000

0.85

>1,000 - 12,500

0.85

>12,500 - 50,000

0.85

>50,000

0.85

A.19

Band Width ( thousands of Annual Income (AI))

Fixed sum (/ thousand or part thousand of AI)

>100 - 325

0.20

325 - 10,000

0.20

10,000 - 50,750

0.20

50,750 - 250,000

0.20

>250,000

0.20

Part 2

(1)

This Part sets out the minimum CFEB levy applicable to the firms specified in (3) below.

(2)

The minimum CFEB levy payable by any firm referred to in (3) is £10.

(3)

A firm is referred to in this paragraph if it falls within the following activity groups: A.1; A.2; A.3 (excluding UK ISPVs); A.4; A.5; A.7; A.9; A.10; A.12; A.13; A.14; A.18; and A.19.