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Status: You are viewing the version of the handbook as on 2005-06-30.

ENF 13 Annex 1 Indicative scale of financial penalties for reports no more than 28 business days late (see ENF 13.5)1

ENF 13 Ann 1G

Number of business days late

Annual fees payable by firm

Note

£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 greater12

22-28

40

100

200

400

800

2000

4000

60002

15-21

30

75

150

300

600

1500

3000

45002

8-14

20

50

100

200

400

1000

2000

30002

1-7

10

25

50

100

200

500

1000

15002

1Note

11. For this purpose, the annual fee payable by the firm is the annual fee for the most recent financial year for which the FSA has fully invoiced the firm before the date on which the relevant report first became late.

12. Where the firm first becomes authorised after 1 December 2001, and at the time the report first becomes late the firm has not previously been fully invoiced by the FSA for an annual fee, the annual fee of the firm will be treated as less than £10,000