SUP 20 Annex 2 Fee tariff rates, permitted deductions and EEA/Treaty firm modifications for the period from 1 April 2004 to 31 March 2005

R01/04/2005

Part 1

This table shows the tariff rates applicable to each fee-block.

(1)	For each activity group specified in the table below, the fee is the total of the sums payable for each of the tariff bands applicable to the firm's business, calculated as follows:
	(a)	the relevant minimum fee; plus
	(b)	an additional fee calculated by multiplying the firm's tariff base by the appropriate rates applying to each tranche of the tariff base, as indicated.
(2)	A firm may apply the relevant tariff bases and rates to non- UK business, as well as to its UK business, if:
	(a)	it has reasonable grounds for believing that the costs of identifying the firm's UK business separately from its non- UK business in the way described in Part 2 of SUP 20 Annex 1 R are disproportionate to the difference in fees payable; and
	(b)	it notifies the FSA in writing at the same time as it provides the information concerned under SUP 20.3 (Information on which fees are calculated), or, if earlier, at the time it pays the fees concerned.
(3)	For a firm which has not complied with SUP 20.3.2 R (Information on which fees are calculated) for this period:
	(a)	the fee is calculated using (where relevant) the valuation or valuations of business applicable to the previous period, multiplied by the factor of 1.10;
	(b)	an additional administrative fee of £2504 is payable (but not if it is already subject to an administrative fee under DISP 5.5.1 R (5) or COMP 13.6.14 R in respect of the same financial year)4; and 4
	(c)	the minimum total fee (including the administrative fee in (b)) is £4004. 4

1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1

Activity group	Fee payable
A.1	Minimum fee (£)	150
	£ million of Modified Eligible Liabilities (MELs)	Fee (£/£m or part £m of MELS)
	0 - 0.5	0
	>0.5 - 2	additional flat-rate fee of £350
	>2 - 10	additional flat-rate fee of £500
	>10 - 200	32.63
	>200 - 2,000	32.47
	>2,000 - 10,000	32.31
	>10,000 - 20,000	32.16
	>20,000	31.84
	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, the fee is calculated as above less 30%. In addition, the fee specified below is payable by UK banks and building societies. The wholesale depositors discount and permitted deductions in Part 2 of SUP 20 Ann 2R do not apply to this fee.
	Minimum fee (£m of MELs)	Fee (£)
	if 0 - 2,000	0
	if >2,000	2,000
	£ million of MELs	Fee (£/£m or part £m of MELs)
	0 -5,000	0
	>5,000 - 10,000	0.93
	>10,000 - 20,000	0.85
	>20,000	0.79
A.2	Minimum fee (£)1 1	2001
	No. of mortgages1	Fee (£/mortgage)1
	0 - 501	01
	51 - 5001	2.081
	501 - 1,0001	0.831
	1,001 - 50,0001	0.621
	50,001 - 500,0001	0.211
	>500,0001	0.041
A.3	Gross premium income (GPI)
	Minimum fee (£)	400
	£ million of GPI	Fee (£/£m or part £m of GPI)
	0 - 0.5	0
	>0.5 - 2	1,612.24
	>2 - 5	1,490.88
	>5 - 20	1,369.52
	>20 - 75	433.35
	>75 - 150	372.73
	>150	52.03
	PLUS
	Gross technical liabilities (GTL)
	Minimum fee (£)	0
	£ million of GTL	Fee (£/£m or part £m of GTL)
	0 - 1	0
	>1 - 5	39.29
	>5 - 50	36.33
	>50 - 100	33.38
	>100 - 1,000	10.56
	>1,000	4.22
A.4	Adjusted annual gross premium income (AGPI)
	Minimum fee (£)	200
	£ million of AGPI	Fee (£/£m or part £m of AGPI)
	0 - 1	0
	>1 - 50	700.00
	>50 - 1,000	631.95
	>1,000 - 2,000	418.08
	>2,000	281.98
	PLUS
	Mathematical reserves (MR)
	Minimum fee (£)	200
	£ million of MR	Fee (£/£m or part £m of MR)
	0 - 1	0
	>1 - 10	37.63
	>10 - 100	33.97
	>100 -1,000	22.47
	>1,000 - 5,000	15.16
	>5,000 - 15,000	11.55
	>15,000	8.88
A.5	Minimum fee (£)	500
	£ million of Active Capacity (AC)	Fee (£/£m or part £m of AC)
	0 - 50	0
	>50 - 150	95.95
	>150 - 250	80.75
	>250	22.80
A.6		£1,204,000
A.7	For class 1(C), (2) and (3) firms:
	Minimum fee (£)	1,200
	£ million of Funds under Management (FuM)	Fee (£/£m or part £m of FuM)
	0 - 10	0
	>10 - 100	65.55
	>100 - 2,500	20.81
	>2,500 - 10,000	11.35
	>10,000	1.25
	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%.
A.8	This activity group does not apply for this period.
A.9	Minimum fee (£)	1,800
	£ million of Gross Income (GI)	Fee (£/£m or part £m of GI)
	0 - 1	0
	>1 - 20	1,761.34
	>20 - 500	1,427.02
	>500 - 1,000	1,219.88
	>1,000	918.36
A.10	Minimum fee (£)	2,100
	No. of traders	Fee (£/trader)
	0 - 2	0
	3 - 5	1,978
	6 - 10	1,405
	11 - 50	1,277
	51 - 200	1,081
	>200	864
	In addition, the fee specified below is payable by UK domestic firm. The permitted deductions in Part 2 of SUP 20 Ann 2R do not apply to this fee.
	Minimum fee (No. of traders)	Fee (£)
	if 0 - 100	0
	if >100	2,000
	No. of traders	Fee (£/trader)
	0 -125	0
	126 - 250	70
	>250	51
A.11	This activity group does not apply for this period.
A.12	Minimum fee (£)	1,650
	No. of persons	Fee (£/person)
	0 - 1	0
	2 - 4	960
	5 - 10	478
	11 - 25	332
	26 - 150	178
	151 - 1,500	133
	>1,500	89
	For a professional firm in A.12 the fee is calculated as above less 10%.
A.13	For class (2) firms:
	Minimum fee (£)	1,560
	No. of persons	Fee (£/person)
	0 - 1	0
	2 - 4	850
	5 - 10	815
	11 - 25	777
	26 - 500	708
	501 - 4,000	637
	>4000	592
	For class (1) firms: £1,560 For a professional firm in A.13 the fee is calculated as above less 10%.
A.14	Minimum fee (£)	1,200
	No. of persons	Fee (£/person)
	0 - 1	0
	2	1,155
	3 - 4	1,040
	5 - 10	935
	11 - 100	843
	101 - 200	590
	>200	353
A.15	This activity group does not apply for this period.
A.16	0
A.17	This activity group does not apply for this period.
A.18	Minimum fee (£)1 1	3001
	£ thousands of Annual Income (AI)1	Fee (£/£ thousand or part £ thousand of AI)1
	0 - 1001	01
	>100 - 1,0001	2.501
	>1,000 - 5,0001	2.081
	>5,000 - 10,0001	1.671
	>10,000 - 20,0001	1.251
	>20,0001	1.041
A.19	Minimum fee (?)1 1	1001
	£ thousands of Annual Income (AI)1	Fee (£/£ thousand or part £ thousand of AI)1
	0 - 1001	01
	>100 - 1,0001	0.841
	>1,000 - 5,0001	0.741
	>5,000 - 15,0001	0.531
	>15,000 - 100,0001	0.211
	>100,0001	0.081
B. Market operators	£20,000
B. Service	Bloomberg LP	£31,500
companies	EMX Co Ltd	£21,000
	LIFFE Services Ltd	£21,000
	Ofex plc	£51,500
	OMGEO Ltd	£21,000
	Reuters Ltd	£31,500
	Swapswire Ltd	£21,000
	Thomson Financial Ltd	£21,000

Part 2

This table shows the permitted deductions that apply:

Activity group	Nature of deduction	Amount of deduction
A.1	Financial penalties received	9.5% of the fee payable by the firm for the activity group (see Part 1)
A.4	Financial penalties received	8.8% of the fee payable by the firm for the activity group (see Part 1)
A.7	Financial penalties received	1.3% of the fee payable by the firm for the activity group (see Part 1)
A.10	Financial penalties received	1.2% of the fee payable by the firm for the activity group (see Part 1)
A.12	Financial penalties received	22.9% of the fee payable by the firm for the activity group (see Part 1)
A.13	Financial penalties received	0.9% of the fee payable by the firm for the activity group (see Part 1)

Part 3

This table shows the modifications to fee tariffs that apply to incoming EEA firms and incoming Treaty firms.

Activity group	Percentage of tariff payable under Part 1 applicable to the firm subject to a minimum amount payable of £100 (unless specified below)
A.1	20% (for a firm operating on cross-border services basis only, 0% and the minimum sum is not applicable)
A.3	0% and the minimum sum is not applicable
A.4	75%
A.7 and A.9	95%
A.10, A.12, A.13 and A.19	90%3 2

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SUP 20 Annex 2 Fee tariff rates, permitted deductions and EEA/Treaty firm modifications for the period from 1 April 2004 to 31 March 2005