FEES 7 Annex 1 CFEB levies for the period from 1 April 2011 to 31 March 2012
Part 1
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 |
5.011 1 |
|
> 140 - 630 |
5.011 1 |
|
>630 -1,580 |
5.011 1 |
|
>1,580 - 13,400 |
5.011 1 |
|
>13,400 |
5.011 1 |
|
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 |
0.1421 1 |
|
>130 - 320 |
0.1421 1 |
|
>320 - 4,570 |
0.1421 1 |
|
>4, 570 - 37,500 |
0.1421 1 |
|
> 37,500 |
0.1421 1 |
|
A.3 |
Gross premium income (GPI) |
|
Band Width ( million of GPI) |
Fixed sum (/m or part m of GPI) |
|
>0.5 - 10.5 |
55.741 1 |
|
>10.5 -30 |
55.741 1 |
|
>30 - 245 |
55.741 1 |
|
>245 - 1, 900 |
55.741 1 |
|
>1,900 |
55.741 1 |
|
PLUS |
||
Gross technical liabilities (GTL) |
||
Band Width ( million of GTL) |
Fixed sum (/m or part m of GTL) |
|
>1 - 12.5 |
3.011 1 |
|
>12.5 - 70 |
3.011 1 |
|
>70 - 384 |
3.011 1 |
|
>384 - 3,750 |
3.011 1 |
|
>3,750 |
3.011 1 |
|
A.4 |
Adjusted annual gross premium income (AGPI) |
|
Band Width ( million of AGPI) |
Fixed sum (/m or part m of AGPI) |
|
>1 - 5 |
72.651 1 |
|
>5 - 40 |
72.651 1 |
|
>40 - 260 |
72.651 1 |
|
>260 - 4,000 |
72.651 1 |
|
>4,000 |
72.651 1 |
|
PLUS |
||
Mathematical reserves (MR) |
||
Band Width ( million of MR) |
Fixed sum (/m or part m of MR) |
|
>1 - 20 |
1.571 1 |
|
>20 - 270 |
1.571 1 |
|
>270 - 7,000 |
1.571 1 |
|
>7,000 - 45,000 |
1.571 1 |
|
>45,000 |
1.571 1 |
|
A.5 |
Band Width ( million of Active Capacity (AC)) |
Fixed sum (/m or part m of AC) |
>50 - 150 |
5.631 1 |
|
>150 - 250 |
5.631 1 |
|
>250 - 500 |
5.631 1 |
|
>500 - 1,000 |
5.631 1 |
|
>1,000 |
5.631 1 |
|
A.6 |
Flat levy |
159,941.901 1 |
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 |
0.791 1 |
|
>150 - 2,800 |
0.791 1 |
|
>2,800 - 17,500 |
0.791 1 |
|
>17,500 - 100,000 |
0.791 1 |
|
>100,000 |
0.791 1 |
|
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 |
83.731 1 |
|
>4.5 - 17 |
83.731 1 |
|
>17 - 145 |
83.731 1 |
|
>145 - 50 |
83.731 1 |
|
>750 |
83.731 1 |
|
A.10 |
Band Width (no. of traders) |
Fixed sum (/trader) |
2 - 3 |
318.751 1 |
|
4 - 5 |
318.751 1 |
|
6 - 30 |
318.751 1 |
|
31 - 180 |
318.751 1 |
|
>180 |
318.751 1 |
|
A.12 |
Band Width (no. of persons) |
Fixed sum (/person) |
2 - 5 |
43.131 1 |
|
6 - 35 |
43.131 1 |
|
36 - 175 |
43.131 1 |
|
176 - 1,600 |
43.131 1 |
|
>1,600 |
43.131 1 |
|
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 |
160.791 1 |
|
4 - 30 |
160.791 1 |
|
31 - 300 |
160.791 1 |
|
301 - 2,000 |
160.791 1 |
|
>2,000 |
160.791 1 |
|
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 |
126.341 1 |
|
5 - 25 |
126.341 1 |
|
26 - 80 |
126.341 1 |
|
81 - 199 |
126.341 1 |
|
>199 |
126.341 1 |
|
A.18 |
Band Width ( thousands of Annual Income (AI)) |
Fixed sum (/ thousand or part thousand of AI) |
>100 - 180 |
1.361 1 |
|
>180 - 1,000 |
1.361 1 |
|
>1,000 - 12,500 |
1.361 1 |
|
>12,500 - 50,000 |
1.361 1 |
|
>50,000 |
1.361 1 |
|
A.19 |
Band Width ( thousands of Annual Income (AI)) |
Fixed sum (/ thousand or part thousand of AI) |
>100 - 325 |
0.2561 1 |
|
325 - 10,000 |
0.2561 1 |
|
10,000 - 50,750 |
0.2561 1 |
|
50,750 - 250,000 |
0.2561 1 |
|
>250,000 |
0.2561 1 |
|
1G.3 |
thousands or part thousand of Relevant Income |
Fee (/thousand or part thousand of Relevant Income) |
>100 |
0.04787 |
|
>250 |
0.04787 |
|
>1,000 |
0.04787 |
|
>10,000 |
0.04787 |
|
>50,000 |
0.04787 |
|
>500,000 |
0.04787 |
|
1G.4 |
A flat fee of 10 |
|
1G.10 |
million or part m of average outstanding electronic money (AOEM) |
Fee (/m or part m of AOEM) |
> 5.0 |
12.00 |
|
1G.11 |
A flat fee of 10 |
|
1Notes |
||
1(1) The definitions of fee-blocks G5 and G10 under Part 2 and Part 2A of FEES 4 Annex 11 are modified, for the purposes of FEES 7, so that they exclude the Bank of England, government departments, local authorities, municipal banks and the National Savings Bank. |
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1(2) The definitions of those fee-blocks are further amended to exclude EEA firms and those firms which hold a Part IV permission. |
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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; A.19; G.3 and G.10.1 1 |