CRED 15 Annex 3 Financial penalties
1Number of business days late |
Annual fees payable by firm Note |
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£1 to £150 |
£151 to £500 |
£501 to £1,000 |
£1,001 to less than £10,000 |
£10,000 to less than £20,000 |
£20,000 to less than £50,000 |
£50,000 to less than £100,000 |
£100,000 or greater |
|
22-28 |
40 |
100 |
200 |
400 |
800 |
2000 |
4000 |
6000 |
15-21 |
30 |
75 |
150 |
300 |
600 |
1500 |
3000 |
4500 |
8-14 |
20 |
50 |
100 |
200 |
400 |
1000 |
2000 |
3000 |
1-7 |
10 |
25 |
50 |
100 |
200 |
500 |
1000 |
1500 |
Note: |
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1. For this purpose, the annual fee payable by the credit union is the annual fee for the most recent financial year for which the FSA has fully invoiced the credit union before the date on which the relevant report first became late. |
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2. Where the credit union first becomes authorised after 2 July 2002, and at the time the report first becomes late the credit union has not previously been fully invoiced by the FSA for an annual fee, the annual fee of the credit union will be treated as that for £1 to £150. |
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