FEES 7 Annex 1 79911Money advice CFEB levy for the period from 1 April 2018 to 31 March 201913

2Activity group13

The money advice 13CFEB levy payable

A.1

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

Fee10 (£/£m4 or part m of MELs)

>10

1.54714

A.2

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

Fee10 (£4/mortgage)

>50

0.59314

A.3

Gross written premium for fees purposes (GWP)14

Band Width (£4 million of GWP14)

Fee10 (£/£m or part £m4 of GWP14)

>0.5

31.2814

PLUS

Best estimate liabilities for fees purposes (BEL)14

Band Width (£4 million of BEL14)

Fee10 (£/£m of part £m4 of BEL14)

>1

1.7214

A.4

Gross written premium for fees purposes (GWP)14

Band Width (£4 million of GWP14)

Fee10 (£/£m or part £m of GWP14)4

>1

20.48114

PLUS

Best estimate liabilities for fees purposes (BEL)14

Band Width (£4 million of BEL14)

Fee10 (£/£m or part £m 4 of BEL14)

>1

0.642314

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

0.16214

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 1A16.14

A.9

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

Fee10 (£/£m of part £m4 of GI)

>1

92.4814

A.10

Band Width (no. of traders)

Fee10 (£4/trader)

>14

148.4314

A.13

For class (2) firms

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

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

>1004

0.071514

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

0.03114

A.18

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

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

>1004

0.21114

A.19

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

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

>1004

0.03814

5A.21

Band Width (£ client money) (CM) held

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

less than £1 million7

2.2114

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

1.6614

more than £1 billion7

1.1114

PLUS

Safe custody assets

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

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

less than £10 million7

0.00814

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

0.00614

more than £100 billion7

0.00414

G.3

Minimum fee (£4)

10

£ thousands or part £ thousand of Relevant Income4

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

>100

0.029314

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

7.3014

G.11

Flat fee (£)4

1045

6CC.1

Minimum fee

14107

10£ thousand of annual income (AI)

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

>2508

0.10214

6CC.2

Minimum fee (£)10

10107

10£ thousands of annual income (AI)10

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

>2507

0.10214

Notes

(1) The definitions of fee-blocks G5 and G10 under Part 2 and Part 2A of FEES 4 Annex 11R 13are 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 money advice 13CFEB levy applicable to the firms specified in (3) below.

(2)

The minimum money advice 13CFEB levy payable by any firm referred to in (3) is £1310.

(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