ENF 13 Annex 1 Indicative scale of financial penalties for reports no more than 28 business days late (see ENF 13.5)1
Number of business days late |
Annual fees payable by firm |
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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 |
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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 |
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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. |
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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 |
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