FEES 7 Annex 1 799CFEB levies for the period from 1 April 2017 to 31 March 2018 11

2Activity Group

CFEB levy payable

12Column 1

Column 2

A.1

Money advice levy

Debt advice levy

(see Part 3 A and B)12

Band Width (£4 million of Modified Eligible Liabilities (MELs))

Fee10 (£/£m4 or part m of MELs)

Bandwidth (£ million of unsecured debt)

Fee10 (£/£m or part £m4 of unsecured debt)

>10

1.17211

>0

174.9811

12For a credit union no levy is payable on the first £250,000 of the tariff base calculated in accordance with Part 3 A and B of this Annex.

A.2

Money advice levy12

Debt advice levy

(see Part 3 C and D)12

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

Fee10 (£4/mortgage)

Band width (£10million of secured debt)

Fee10 (£/£m or part £m4 of secured debt)

>50

0.40611

>0

16.5011

A.3

Gross premium income (GPI)

Band Width (£4 million of GPI)

Fee10 (£/£m or part £m4 of GPI)

>0.5

20.3611

PLUS

Gross technical liabilities (GTL)

Band Width (£4 million of GTL)

Fee10 (£/£m of part £m4 of GTL)

>1

1.1011

A.4

Adjusted annual gross premium income (AGPI)

Band Width (£4 million of AGPI)

Fee10 (£/£m or part £m of AGPI)4

>1

29.2611

PLUS

Mathematical reserves (MR)

Band Width (£4 million of MR)

Fee10 (£/£m or part £m 4 of MR)

>1

0.6211

A.5

Band Width (£4 million of Active Capacity (AC))

Fee10 ((£/£m or part £m4 of AC)

>50

0.009

A.6

Flat levy

0.009

A.7

For class 1(c),7(2)9, 9 (3) 9and (4) 9firms10:

Band Width (£4 million of Funds under Management (FuM))

Fee10 (£/£m of part £m4 of FuM)

>10

0.1111

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 16FEES 4 Annex 1A16

A.9

Band Width (£4 million of Gross Income (GI))

Fee10 (£/£m of part £m4 of GI)

>1

65.2011

A.10

Band Width (no. of traders)

Fee10 (£4/trader)

>14

92.8011

A.13

For class (2) firms

Band Width (£ thousands of annual income (AI))4

Fee (£/£ thousand or part £ thousand of AI)4

>1004

0.06811

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

A.14

Band Width (£ thousands of annual income (AI))4

Fee (£/£ thousand or part £ thousand of AI)4

> 1004

0.021511

A.18

Band Width (£4 thousands of Annual Income (AI))4

Fee10 ((£/£ thousand or part £4 thousand of AI)

>1004

0.17511

A.19

Band Width (£4 thousands of Annual Income (AI))4

Fee10 (£/£ thousand or part £4 thousand of AI)

>1004

0.029411

5A.21

Band Width (£ client money) (CM) held

Fee (£/£ millions or part £ million of CM)

less than £1 million7

1.5511

an amount equal to or greater than £1 million but less than or equal to £1 billion

1.1611

more than £1 billion7

0.7811

PLUS

Safe custody assets

Band Width (£ safe custody assets) (CA) held

Fee (£/£ millions or part £ million of CA)

less than £10 million7

0.00611

an amount equal to or greater than £10 million and less than or equal to £100 billion

0.00511

more than £100 billion7

0.00311

G.3

Minimum fee (£4)

10

£ thousands or part £ thousand of Relevant Income4

Fee (£/£thousand or part £ thousand of Relevant Income)4

>100

0.021911

G.4

Flat fee (£)4

104

G.10

Minimum fee (£4)

10

£ million or part £m4 of average outstanding electronic money (AOEM)

Fee (£/£m or part £m4 of AOEM)

> 5.0

6.6511

G.11

Flat fee (£)4

1045

6CC.1

Minimum fee

£107

10£ thousand of annual income (AI)

Fee (£/£ thousand or part thousand of AI)8

>2508

0.379

6CC.2

Minimum fee (£)10

10107

10£ thousands of annual income (AI)10

Fee (£/£ thousand or part £ thousand of AI

>2507

0.377

Notes

(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.

(2) The definitions of those fee-blocks are further amended to exclude EEA firms12 and those12 which hold a Part 4A permission.

12

(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

A.

The tariff base for column 2 in activity group A.1:

for credit unions:

the total sterling value of all loans LESS total sterling value of any residential loans.

for banks and building societies:

the sterling value of all outstanding loans to individuals in the UK, excluding bridging loans and loans secured on dwellings and land.

The firm must include:

(a) any credit card lending;

(b) any charge card lending, even if the outstanding balance has to be paid off in full at the end of each charging period; and

(c) any other loans and advances to individuals that are not bridging loans or secured on dwellings or land;

provided that the firm only includes data that it is required to include in entries 29DB3A3 and 29DB3A4 of Form BE (that is, the Additional Sectoral Details Return that is completed to provide information by banks and building societies to the Bank of England).

B.

The valuation date for column 2 in activity group A.1 is the 31 December before the start of the period to which the fee applies or, if earlier, the date of the valuation as disclosed by the Form BE or other annual return made in the calendar year prior to the 31 December.

C.

The tariff base for column 2 in activity group A.2 is the sterling value of any residential loans to individuals being the sum of gross unsecuritised and securitised balances (applying the definitions of unsecuritised balances and securitised balances set out in SECTION A: BALANCE SHEET of SUP 16 Annex 19B).

D.

The valuation date for column 2 in activity group A.2 is the 31 December before the start of the period to which the fee applies or, if earlier, the date of the valuation as disclosed by the annual return made in the calendar year prior to the 31 December.