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FEES 7A.1 Application and Purpose

Application

FEES 7A.1.1 R

1This chapter applies to the persons listed in:

  1. (1)

    FEES 1.1.2R(5) in relation to the SFGB money advice levy and SFGB debt advice levy; and

  2. (2)

    FEES 7A.1.2R in relation to the SFGB pensions guidance levy.

FEES 7A.1.2 R

1The SFGB pensions guidance levy applies to a firm that:

  1. (1)

    has a Part 4A Permission2

  2. (2)

    falls within one or more of the following activity groups listed in Part 1 of FEES 4 Annex 1AR:

    1. (a)

      A.1 Deposit acceptors;

    2. (b)

      A.4 Insurers – life;

    3. (c)

      A.7 Portfolio managers except Class (1)A firms;

    4. (d)

      A.9 Managers and depositaries of investment funds, and operators of collective investment schemes or pension schemes; and

    5. (e)

      A.13 Advisors, arrangers, dealers or brokers.

Purpose

FEES 7A.1.3 G

1The purpose of this chapter is to set out the requirements on the persons listed in FEES 7A.1.1R to fund the Secretary of State costs relating to the SFGB, and the related FCA collection costs.

Background

FEES 7A.1.4 G

1Under section 137SA(1) (Rules to recover expenses relating to the single financial guidance body) of the Act, the Secretary of State may, from time to time, notify the FCA of the expenses incurred, or expected to be incurred, in connection with the operation of the SFGB or under section 12 of the Financial Guidance and Claims Act 2018. Expenses arise under section 12 when the Secretary of State:

  1. (1)

    pays grants or makes loans, or gives any other form of financial assistance, to meet expenditure in connection with the establishment of the SFGB; and

  2. (2)

    pays grants or makes loans, or gives any other form of financial assistance, to the SFGB for the purpose of enabling the SFGB to carry out its functions.

FEES 7A.1.5 G

1When the Secretary of State has notified the FCA under section 137SA(1) , under subsections (2) and (3) the FCA must make rules requiring authorised persons, electronic money issuers or payment service providers (or any specified class of the same) to pay specified sums, or sums calculated in a specified way to the FCA with a view to recovering:

  1. (1)

    the amount notified by the Secretary of State; and

  2. (2)

    expenses incurred by the FCA in connection with its functions under section 137SA of the Act.

FEES 7A.1.6 G

1This chapter contains the rules referred to in FEES 7A.1.4G(2).

FEES 7A.1.7 G

1Under section 137SA(8) of the Act, the FCA must pay to the Secretary of State the amounts that it receives pursuant to the rules in this chapter, apart from amounts covering its collection costs (which the FCA may keep).

FEES 7A.1.8 G

1The total amount raised by the SFGB levy may vary from year to year depending on the amount notified to the FCA by the Secretary of State.

Exemption

FEES 7A.1.9 R

1A firm is not liable to pay a SFGB levy in relation to payment services or electronic money issuance if it is the Bank of England, a government department, a local authority, a municipal bank or the National Savings Bank.

Gibraltar-based firms

FEES 7A.1.10 R
  1. (1)

    3In accordance with GEN 2.3 (General saving of the Handbook for Gibraltar), rules or guidance in FEES 7A that immediately before IP completion day applied in relation to or in connection with Gibraltar will continue to apply after IP completion day. The exceptions to this provision are the fee rates set out in Part 1 of FEES 7A Annex 1R , Part 4 of FEES 7A Annex 2R and 7A Annex 3R which may change each fee year.

  2. (2)

    The modifications that will continue to apply to Gibraltar-based firms (as defined in GEN 2.3) in relation to payment of the SFGB money advice levy are:

    3. Activity group

    Percentage deducted from the tariff payable under FEES 7A Annex 1R applicable to the Gibraltar-based firm

    A.1

    10%

    A.3

    10%

    A.4

    10%

    A.7

    10%

    A.9

    10%

    A.10

    10%

    A.13

    10%

    A.18

    10%

    A.19

    50%

    B. MTF and OTF operators

    Not applicable

    AP.0

    100%

    G.2

    40%

    G.3

    40%

    G.10

    40%

    Note 1

    The modifications to fee tariffs payable by a Gibraltar-based firm apply only in relation to the relevant regulated activities of the firm which are carried on in the United Kingdom.

    Note 2

    The FCA minimum fees described in FEES 7A Annex 1R apply in full.

FEES 7A.2 The SFGB levy

FEES 7A.2.1 R

1The SFGB levy is made up of:

  1. (1)

    the SFGB money advice levy, as set out in FEES 7A.3;

  2. (2)

    the SFGB debt advice levy, as set out in FEES 7A.3; and

  3. (3)

    the SFGB pensions guidance levy, as set out in FEES 7A.4.

FEES 7A.2.2 G

2Schedule 6A to the Act sets out a procedure to enable the FCA to cancel or vary the Part 4A permission of a person who it appears to the FCA is not carrying on a regulated activity. Paragraph 5 of that schedule sets out a procedure for annulment of cancellation or variation of Part 4A permission in specified circumstances. Where the FCA grants an application for annulment, paragraph 6 of Schedule 6A sets out its effect. In particular, the cancellation or variation of Part 4A permission is treated as if it had never taken place. As a result of the effect of annulment under Schedule 6A, any part of the SFGB levy applicable to the person, in relation to the period during which the person’sPart 4A permission was cancelled or varied, applies to the person.

FEES 7A.3 The SFGB money advice levy and debt advice levy

Obligation to pay money advice levy or debt advice levy

FEES 7A.3.1 R

1A firm must pay the SFGB money advice levy or SFGB debt advice levy applicable to it:

  1. (1)

    in full and without deduction (unless permitted or required by a provision in FEES); and

  2. (2)

    by 1 August or, if later, within 30 days of the date of the invoice in the fee year to which that sum relates.2

FEES 7A.3.1A R

4Where the FCA grants a person’s application for annulment of a cancellation or variation of Part 4A permission under Schedule 6A to the Act and the person falls within FEES 7A.3.1R and the annulment takes effect after 1 August or after the invoice referred to in FEES 7A.3.1R(2) has been issued, then the date for payment referred to in FEES 7A.3.1R(2) does not apply, but the person must pay the SFGB money advice levy or SFGB debt advice levy applicable to it in full and without deduction, on the date on which the annulment takes effect.

FEES 7A.3.2 R

[deleted]2

Calculation of the money advice levy and debt advice levy

FEES 7A.3.3 R

1The SFGB money advice levy and SFGB debt advice levy are each calculated as follows:

  1. (1)

    identify each of the activity groups set out in Part 1 of FEES 7A Annex 1R and Part 1 of FEES 7A Annex 2R that apply to the business of the firm for the relevant period (for this purpose, the activity groups under FEES 7A Annex 1R are defined in accordance with Part 1 of FEES 4 Annex 1AR and the activity groups under FEES 7A Annex 2R are defined in accordance with Part 1 of that Annex);

  2. (2)

    calculate, for each of those activity groups identified in (1), the amount payable in the way set out in FEES 7A.3.4R;

  3. (3)

    add each of the amounts calculated under (2);

  4. (4)

    work out whether a minimum fee is payable under Part 2 of FEES 7A Annex 1R and if so how much;

  5. (5)

    add together the amounts calculated under (3) and (4);

  6. (6)

    modify the result as indicated by (if applicable) FEES 4.2.7ER, FEES 4.2.7FR, FEES 4.2.7GR, FEES 4.2.7HR, FEES 4.2.7IR, FEES 4.2.7JG and FEES 4.2.7KR;

  7. (7)

    apply any applicable payment charge specified in FEES 4.2.4R to the amount in (6), provided that:

    1. (a)

      for payment by direct debit, successful collection of the amount due is made at the first attempt by the FCA; or

    2. (b)

      for payment by credit transfer, the amount due is received by the FCA on or before the due date; and

  8. (8)

    make the calculations using information obtained in accordance with FEES 4.4 in the case of FEES 7A Annex 1R and Part 3 of FEES 7A Annex 2R in the case of Part 2 of that Annex.

FEES 7A.3.4 R

1The amount payable by a firm with respect to a particular activity group is calculated as follows:

  1. (1)

    calculate the size of the firm’s tariff base for that activity group using:

    1. (a)

      the tariff base calculations in Part 3 of FEES 4 Annex 1AR, Part 3 of FEES 4 Annex 11 and Part 2 of FEES 7A Annex 2R; and

    2. (b)

      the valuation date requirements in Part 5 of FEES 4 Annex 1AR, Part 3 of FEES 4 Annex 11R and Part 3 of FEES 7A Annex 2;

  2. (2)

    use the figure in (1) to calculate which of the bands set out in the table in Part 1 of FEES 7A Annex 1R and Part 4 of FEES 7A Annex 2R the firm falls into;

  3. (3)

    add together the fixed sums, as set out in the table in Part 1 of FEES 7A Annex 1R and Part 4 of FEES 7A Annex 2R, applicable to each band identified under (2);

  4. (4)

    the amount in (3) is the amount payable by the firm with respect to that activity group.

FEES 7A.3.5 R

1For the purposes of FEES 7A.3.4R:

  1. (1)

    a firm may apply the relevant tariff bases and rates to its non-UK business, as well as to its UK business, if:

    1. (a)

      it has reasonable grounds for believing that the costs of identifying the firm’sUK business separately from its non-UK business in the way described in Part 3 of FEES 4 Annex 1AR and Part 1 of FEES 4 Annex 11R are disproportionate to the difference in fees payable; and

    2. (b)

      it notifies the FCA in writing at the same time as it provides the information concerned under FEES 4.4 (Information on which fees are calculated), or, if earlier, at the time it pays the fees concerned;

  2. (2)

    for a firm which has not complied with FEES 4.4.2R (information on which fees are calculated) or FEES 4.4.8D (Information relating to payment services and the issuance of electronic money) for this period, the SFGB money advice levy and SFGB debt advice levy is calculated using (where relevant) the valuation or valuations of business applicable to the previous period, multiplied by the factor of 1.10.

FEES 7A.3.6 R

1The modifications in Part 3 of FEES 4 Annex 2AR and Part 7 of FEES 4 Annex 11R apply.

Amount payable by the Society of Lloyds

FEES 7A.3.7 R

1The SFGB money advice levy in relation to the Society is specified against its activity group in Part 1 of FEES 7A Annex 1R.

FEES 4 rules incorporated into FEES 7A by cross-reference

FEES 7A.3.8 G

1The FCAHandbook provisions relating to the SFGB money advice levy and SFGB debt advice levy are meant to follow closely the provisions relating to the payment of periodic fees under FEES 4.3.1R. For brevity, not all of these provisions are set out again in FEES 7A. In some cases, certain FEES 4 rules are applied to the payment of the SFGB money advice levy and SFGB debt advice levy by individual rules in FEES 7A. The rest are set out in the table in FEES 7A.3.10R.

FEES 7A.3.9 R

1The rules set out in the table in FEES 7A.3.10R and any other rules in FEES 4 included in FEES 7A by cross-reference apply to the SFGB money advice levy and SFGB debt advice levy in the same way as they apply to periodic fees payable under FEES 4.3.1R.

FEES 7A.3.10 R

1Table of rules in FEES 4 that also apply to FEES 7A to the extent that in FEES 4 they apply to fees payable to the FCA

FEES 4 rules incorporated into FEES 7A

Description

FEES 4.2.4 R

Method of payment

FEES 4.2.7E R

Modifications for persons becoming subject to periodic fees during the course of a fee year

FEES 4.2.7F R

Calculating the fee in the firm’s first year of authorisation

FEES 4.2.7G R

Calculating fees in the second fee-year where the firm received permission between 1 January and 31 March in its first fee year

FEES 4.2.7H R to FEES 4.2.7KR

Calculating all other fees in the second and subsequent years of authorisation where a full year of tariff data is not available

3

3

FEES 4.2.10 R

Extension of time

FEES 4.2.11 R (first entry only)

Due date and changes in permission for periodic fees

FEES 4.3.7 R

Groups of firms

FEES 4.3.13 R

Firms applying to cancel or vary permission before start of period

FEES 4.3.17 R

Firms acquiring businesses from other firms

FEES 4.4.1 R to 4FEES 4.4.6AR

Information on which fees are calculated
FEES 7A.3.11 D

1 FEES 4.4.7D to FEES 4.4.9D (Information relating to payment services and the issuance of electronic money) also apply to FEES 7A.

FEES 7A.3.12 R

1References in a FEES 4rule incorporated into FEES 7A by cross-reference to a periodic fee should be read as being to the SFGB money advice levy and SFGB debt advice levy. References in a FEES 4rule incorporated into FEES 7A to market operators, service companies, MTF operators, investment exchanges, or designated professional bodies should be disregarded.

FEES 7A.3.13 G

1In some cases, a FEES 4rule incorporated into FEES 7A in the manner set out in FEES 7A.3.8G will refer to another rule in FEES 4 that has not been individually incorporated into FEES 7A. Such a reference should be read as being to the corresponding provision in FEES 7A. The main examples are set out in FEES 7A.3.14G.

FEES 7A.3.14 G

1Table of FEES 4 rules that correspond to FEES 7A rules

FEES 4 rules

Corresponding FEES 7A rules

FEES 4.2.1 R

FEES 7A.3.1R

FEES 4.3.1 R

FEES 7A.3.3R

FEES 4.3.3 R

FEES 7A.3.3R

FEES 4.3.3A R

FEES 7A.3.3R

FEES 4.3.12 R

FEES 7A.3.6R

FEES 4.3.12A R

FEES 7A.3.6R

Part 1 of FEES 4 Annex 2AR

Part 1 of FEES 7A Annex 1R

Part 2 of FEES 4 Annex 11R

Part 1 of FEES 7A Annex 1R

Part 5 of FEES 4 Annex 11R

Part 1 of FEES 7A Annex 1R

FEES 7A.4 The SFGB pensions guidance advice levy

Obligation to pay SFGB pensions guidance levy

FEES 7A.4.1 R

1A firm must pay the SFGB pensions guidance levy applicable to it:

  1. (1)

    in full and without deduction by 1 August or, if later, within 30 days of the date of the invoice in the fee year to which that sum relates2; and

  2. (2)

    in accordance with the rules in this section.

FEES 7A.4.1A R

3Where the FCA grants a person’s application for annulment of a cancellation or variation of Part 4A permission under Schedule 6A to the Act and the person falls within FEES 7A.4.1R and the annulment takes effect after 1 August or after the invoice referred to in FEES 7A.4.1R(1) has been issued, then the date for payment referred to in FEES 7A.4.1R(1) does not apply, but the person must pay the SFGB pensions guidance levy applicable to it in full and without deduction, on the date on which the annulment takes effect.

Calculation of SFGB pensions guidance levy

FEES 7A.4.2 R

1The SFGB pensions guidance levy applicable to a particular firm is calculated as follows:

  1. (1)

    identify each of the activity groups in FEES 7A.1.2R(2) that apply to the business of the firm for the relevant period;

  2. (2)

    calculate the amount payable under FEES 7A.4.3R for each of those activity groups;

  3. (3)

    modify the result in accordance with, if applicable, FEES 7A.4.4R; and

  4. (4)

    apply any payment charge in FEES 4.2.4R.

FEES 7A.4.3 R

1The amount payable for a particular activity group is calculated as follows:

  1. (1)
    1. (a)

      calculate the size of the firm’s tariff base for the activity group using:

      1. (i)

        the tariff base calculations in Part 3 of FEES 4 Annex 1AR; and

      2. (ii)

        the valuation date requirements in Part 5 of FEES 4 Annex 1AR;

    2. (b)

      exclude best estimate liabilities for fees purposes in the calculation for fee-block A4;

  2. (2)

    use the figure in (1) to calculate the levy applicable for each band in FEES 7A Annex 3R;

  3. (3)

    add together the sums for each applicable band under (2);

  4. (4)

    the amount in (3) is the amount payable by the firm for that activity group.

FEES 7A.4.4 R

1For the first fee year during which FEES 7A.4.2R applies to a firm’spermission to carry on a regulated activity, the SFGB pensions guidance levy applicable to that permission must be modified using the formula in FEES 4.2.6R.

FEES 7A.4.5 R

1For FEES 7A.4.3R, a firm may apply the relevant tariff bases and rates to its non-UK business, as well as to its UK business, if:

  1. (1)

    it has reasonable grounds for believing that the cost of identifying the firm’sUK business separately from its non-UK business is disproportionate to the difference in the SFGB pensions guidance levy payable by it; and

  2. (2)

    it notifies the FCA in writing:

    1. (a)

      at the same time as it provides the information concerned under FEES 4.4 (Information on which fees are calculated); or

    2. (b)

      if earlier, at the time it pays the SFGB pensions guidance levy applicable to it.

FEES 7A.4.6 R

1The SFGB pensions guidance levy is calculated using the same information that is used to calculate a firm’s periodic fee under FEES 4.

FEES 7A.4.7 R

1Where a firm which has not complied with FEES 4.4.2R (information on which fees are calculated) in relation to a particular fee year the SFGB pensions guidance levy for that firm for that fee year is calculated using (where relevant) the valuation(s) of business used to calculate the SFGB pensions guidance levy for that firm for the previous fee year, multiplied by the factor of 1.10.

Application of FEES 4 to the SFGB pensions guidance levy

FEES 7A.4.8 G
  1. (1)

    1The FCAHandbook provisions relating to the SFGB pensions guidance levy are meant to follow closely the provisions relating to the payment of periodic fees payable by an authorised person under FEES 4.

  2. (2)

    As such, the table in FEES 7A.4.11R lists rules in FEES 4 that also apply, in a modified form, to the SFGB pensions guidance levy.

FEES 7A.4.9 R

1The rules in the table in FEES 7A.4.11R and any other rules in FEES included in FEES 7A.4 by cross-reference apply to the SFGB pensions guidance levy in the same way as they apply to periodic fees payable under FEES 4.

FEES 7A.4.10 R

1A reference to a periodic fee in a FEES 4rule incorporated into FEES 7A.4 must be read, for the purposes of applying that rule to the SFGB pensions guidance levy, as a reference to the SFGB pensions guidance levy.

FEES 7A.4.11 R

1Table of rules in FEES 4 that also apply in FEES 7A.4.

FEES 4 incorporated into FEES 10

Description

Modifications

FEES 4.2.4 R

Method of payment

None

FEES 4.2.7E R

Modifications for persons becoming subject to periodic fees during the course of a fee year

None

FEES 4.2.7F R

Calculating the fee in the firm’s first year of authorisation

None

FEES 4.2.7G R

Calculating fees in the second fee year where the firm received permission between 1 January and 31 March in its first fee year

None

FEES 4.2.7H R to FEES 4.2.7KR

Calculating all other fees in the second and subsequent years of authorisation where a full year of tariff data is not available

None

FEES 4.2.8 R

How FEES 4.2.7R applies to an incoming EEA firm or an incoming Treaty firm

None

FEES 4.2.9 R

Fee payers ceasing to hold relevant status or reducing the scope of their permission after start of relevant period

Reference to column (1) of the table in FEES 4.2.11R is a reference to FEES 7A.1.3G

FEES 4.3.7 R

Groups of firms

Reference to FEES 4.2.1R is a reference to FEES 7A.4.1R

FEES 4.3.13 R

Firms applying to cancel or vary permission before start of period

Reference to FEES 4.2.1R is a reference to FEES 7A.4.1R

FEES 4.3.17 R

Firms applying to cancel or vary permission before start of period

Reference to FEES 4.2.7ER to FEES 4.2.7KR is a reference to FEES 7A.4.4R

Reference to FEES 4.2.1R is a reference to FEES 7A.4.1R

FEES 4.4.1 R to 3FEES 4.4.6AR

Information on which fees are calculated

None

FEES 7A Annex 1 3 4SFGB money advice levy for the period from 1 April 2021 to 31 March 2022

Part 1
R

1This table shows the SFGB money advice levy applicable to each activity group (fee-block).

Activity group

SFGB money advice levy payable

A.1

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

Fee (£/£m or part £m of MELs)

>10

1.1144

2 3

A.2

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

Fee (£/mortgage)

>50

0.6014

2 3

A.3

Gross written premium for fees purposes (GWP)

Band Width (£ million of GWP)

Fee (£/£m or part £m of GWP)

>0.5

26.734

2 3 3

PLUS

Best estimate liabilities for fees purposes (BEL)

Band Width (£ million of BEL)

Fee (£/£m of part £m of BEL)

>1

1.474

2 3

A.4

Gross written premium for fees purposes (GWP)

Band Width (£ million of GWP)

Fee (£/£m or part £m of GWP)

>1

12.854

2 3

PLUS

Best estimate liabilities for fees purposes (BEL)

Band Width (£ million of BEL)

Fee (£/£m or part £m of BEL)

>1

0.744

2 3

A.5

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

Fee (£/£m or part £m of AC)

>50

0.003

A.6

Flat levy

0.003

A.7

For class 1(c),(2), (3) and (4) firms:

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

Fee (£/£m of part £m of FuM)

>10

0.1054

2 3

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 1AR.

A.9

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

Fee (£/£m of part £m of GI)

>1

80.644

2 3

A.10

Band Width (no. of traders)

Fee (£/trader)

>1

149.024

2 3

A.13

For class (2) firms

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

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

>100

0.05154

2 3

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

A.14

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

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

>100

0.0244

2 3

A.18

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

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

>100

0.1774

2 3

A.19

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

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

>100

0.02894

2 3

A.21

Band Width (£ client money) (CM) held

Fee (£/£ millions or part £m of CM)

less than £1 million

1.6024

2 3

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

1.2024

2 3

more than £1 billion

0.8014

2 3

PLUS

Safe custody assets

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

Fee (£/£ millions or part £m of CA)

less than £10 million

0.00694

2 3

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

0.00524

2 3

more than £100 billion

0.00354

2 3

G.3

Minimum fee (£)

102

£ thousands or part £ thousand of Relevant Income

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

>100

0.02304

2 3

G.4

Flat fee (£)

102

G.10

Minimum fee (£)

102

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

Fee (£/£m or part £m of AOEM)

>5.0

2.624

2 3

G.11

Flat fee (£)

102

CC.1

Minimum fee (£)

102

£ thousand of annual income (AI)

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

>250

0.06914

2 3

CC.2

Minimum fee (£)

102

£ thousands of annual income (AI)

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

>250

0.06914

2 3

Notes

(1) The definitions of fee-blocks G5 and G10 under Part 2 and Part 2A of FEES 4 Annex 11R are modified, for the purposes of FEES 7A 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 firms and those which hold a Part 4A permission.

2Part 2

(1)

This part sets out the minimum SFGB money advice levy applicable to the firms specified in (3) below.

(2)

The minimum SFGB money advice 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.

FEES 7A Annex 2 3 4 6SFGB debt advice levy for the period from 1 April 2021 to 31 March 2022

Part 1
R

1This table shows how the FCA links the regulated activities for which a firm has permission to activity groups (fee-blocks). A firm can use the table to identify which fee-blocks it falls into based on its permission for the purposes of the SFGB debt advice levy applicable to each activity group (fee-block).

Activity group

SFGB debt advice levy payer falls in the activity group if:

A.2 Home finance providers and administrators

It falls under activity group A.2 as defined in Part 1 of FEES 4 Annex 1AR.

CC.3 Consumer credit lending

Its permission is in relation to the following regulated activities:

- entering into a regulated credit agreement as lender (article 60B(1) of the Regulated Activities Order);

- exercising, or having the right to exercise, the lender’s rights and duties under a regulated credit agreement (article 60B(2) of the Regulated Activities Order);

which is carried on by way of business and relates to the following specified investments:

(a) a regulated credit agreement (excluding high-cost short-term credit, a home credit loan agreement and a bill of sale loan agreement);

(b) high-cost short-term credit;

(c) a home credit loan agreement;

(d) a bill of sale loan agreement.

Part 2

Activity group

Tariff base

A.2 Home finance providers and administrators

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 19BG.)

CC.3 Consumer credit lending

Value of lending in column A of data item CCR003 reported by firms under SUP 16 Annex 38AR, being the sum of data elements entered in rows:

- 1 Debt purchasing;

- 2 Hire purchase/conditional sale agreements;

- 3 Home credit loan agreements;

- 4 Bill of sale loan agreements;

- 5 Pawnbroking;

- 6 High-cost short-term credit;

- 11 Overdrafts;

- 12 Other running-account credit; and

- 8 Other lending.

Note2

(1) The tariff base for authorised professional firms that do not submit data item CCR003 under SUP 16 Annex 38AR is the same as set out above and should be reported to the FCA as required by FEES 4.4.1R and FEES 4.4.2R. The valuation date is in accordance with the CC.3 valuation date in Part 3.

2

Part 3

This table indicates the valuation date for each fee-block. A firm can calculate its tariff data in respect of the SFGB debt advice levy payable to the FCA by that firm.

Activity group

Valuation date

A.2 Home finance providers and administrators

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.

CC.3 Consumer credit lending

Value of lending under Part 2 valued at the firm’s accounting reference date in the calendar year ending 31 December occurring before the start of the period to which the SFGB debt advice levy applies.

Part 4

This table shows the tariff rates applicable to each of the fee-blocks set out in Part 1

Activity group

SFGB debt advice levy payable

A.2 Home finance providers and administrators

Band width (£million of secured debt)

>0

Fee (£/£m or part £m of secured debt) 28.886

3 		5

CC.3 Consumer credit lending

Band width (£million of value of lending)

>0 (Note 1)

Fee (£/£m or part £m of value of lending) 163.446

3 4 		5

Notes 5

(1) Credit unions and community finance organisations do not pay any SFGB debt advice levy on the first £2,000,000 of value of lending.

(2) The additional fee in column 4 must be paid in addition to the fee in column 3.5

FEES 7A Annex 3 3 4SFGB pensions guidance levy for the period 1 April 2021 to 31 March 2022

R

1Activity group

SFGB pensions guidance levy payable

A.1

Band width (£ million of modified eligible liabilities (MELs)) >10

Fee (£/£m or part £m of MELS) 1.3374

2 3

A.4

Band width (£ million of gross written premium for fees purposes (GWP) >1

Fee (£/£m or part £m of GWP) 37.804

2 3

A.7

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

Band width (£ million of funds under management (FuM))

>10

Fee (£/£m or part £m of FuM) 0.43634

2 3

A.9

Band width (£ million of gross income (GI))

>1

Fee (£/£m or part £m of GI) 310.374

2 3

A.13

Band width (£ thousands of annual income (AI))

>100

Fee (£/£ thousand or part of £ thousand of AI) 0.07794

2 3