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

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

(c)

the minimum total fee (including the administrative fee in (b)) is £4004.

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

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

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

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:

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.

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%32