FEES 4 Annex 2A FCA Fee rates for the period from 1 April 202130 to 31 March 202230285771118202325
40Part 1 This table shows the tariff rates applicable to each of the fee blocks set out in Part 1 of FEES 4 Annex 1AR. |
(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 by multiplying the value of the firm's tariff base by the rate applicable to each tranche of the tariff base, as indicated. |
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(2) |
A firm may apply the relevant tariff bases and rates to non-UK business, as well as to its UK business, if: |
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(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 3 of FEES 4 Annex 1A R are disproportionate to the difference in fees payable; and |
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(b) |
it notifies the FCA in writing at the same time as it provides the information concerned under FEES 4.4 (Information on which fees are calculated), or, if earlier, at the time it pays the fees concerned. |
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(3) |
For a firm which has not complied with FEES 4.4.2R8 (Information on which fees are calculated) for this period: |
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(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; and11 |
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(b) |
an additional fee of £250 is payable, unless the firm is a PRA-authorised person in which case an additional fee of £125 is payable instead.11 |
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(c) |
[deleted]11 557777 |
Activity group |
Fee payable |
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A.1 |
Band width (£2million of Modified Eligible Liabilities (MELs)) |
Fee (£/£m or part £m2 of MELs) 2 |
General Periodic fee |
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>10 - 140 |
14.577230 255771113182325 |
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>140 - 630 |
14.577230 255771113182325 |
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>630 - 1,580 |
14.577230 255771113182325 |
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>1,580 - 13,400 |
18.22230 255771113182325 |
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>13,400 |
24.05230 255771113182325 |
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The tariff rates in A.1 are not relevant for the permissions relating to operating a dormant account fund. Instead a flat fee of £6,367 23 is payable in respect of these permissions.18 111318 |
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A.2 |
Band width (No. of mortgages and/or home finance transactions) |
Fee (£2/mortgage) |
>50 2 |
2.81630 255771113182325 |
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A.3 |
Gross written premium for fees purposes (GWP)16 |
Periodic fee |
>0.5 2 |
365.89 plus, where neither the firm, nor a member of its group, was a defendant in Financial Conduct Authority v Arch Insurance (UK) Ltd and others [2020] EWCA Comm 2448, 110.6330 25577111316182325 |
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PLUS |
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Best estimate liabilities for fees purposes (BEL)16 |
General Periodic fee |
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>1 2 |
18.9 plus, where neither the firm, nor a member of its group, was a defendant in Financial Conduct Authority v Arch Insurance (UK) Ltd and others [2020] EWCA Comm 2448, 6.1530 25577111316182325 |
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For UK ISPVs the tariff rates are not relevant and a flat fee of 7 £51530 is payable in respect of each FCA financial year (the 12 months ending 31 March). 771171316182325 |
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A.4 |
Gross written premium for fees purposes (GWP)16 |
General Periodic fee |
>1 2 |
224.2730 25577111316182325 |
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PLUS |
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Best estimate liabilities for fees purposes (BEL)16 |
General Periodic fee |
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>1 2 |
12.8930 25577111316182325 |
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A.5 |
Band Width (£2million of Active Capacity (AC)) |
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>50 2 |
6.90 plus, where neither the firm, nor a member of its group, was a defendant in Financial Conduct Authority v Arch Insurance (UK) Ltd and others [2020] EWCA Comm 2448, 2.1530 255771113182325 |
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A.6 |
Flat fee (£)2 |
373,766.6930 255771113182325 |
A.7 |
For class 1(C), (2) , (3) and (4)6 firms: 6 |
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Band Width (£2million of Funds under Management (FuM)) |
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>10 2 |
4.5530 255771113182325 |
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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%.2 |
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A.9 |
Band Width (£2million of Gross Income (GI)) |
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>1 2 |
973.2630 255771113182325 |
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A.10 |
Band Width (No. of traders) |
Fee (£2/person) |
>12 2 |
6,697.2630 255771113182325 |
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For firms carrying on auction regulation bidding, the fee in A.10 is calculated as above less 20% for each trader that carries on auction regulation bidding but not MiFID business bidding or dealing in investments as principal.29 22 |
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23 | 23 | |
A.13 |
Band Width (£ thousands of annual income (AI)) |
Fee (£/£ thousand or part £ thousand of AI) |
>1002 2 |
2.44330 255771113182325 |
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A.14 |
Band Width (£ thousands of annual income (AI)) |
Fee (£/£ thousand or part £ thousand of AI) |
>1002 2 |
1.54830 255771113182325 |
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A.18 |
Band Width (£2 thousands of Annual Income (AI)) |
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>100 2 |
11.33730 255771113182325 |
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A.19 |
Band Width (£2 thousands of Annual Income (AI)) |
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>100 2 |
1.66230 255771113182325 |
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3A.21 |
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Band Width (£ client money) (CM) held |
Fee (£/£ millions or part £ million of CM) |
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less than £1 million5 5 |
102.8030 55771113182325 |
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an amount equal to or greater than £1 million but less than or equal to £1 billion |
77.1030 55771113182325 |
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more than £1 billion5 5 |
51.4030 55771113182325 |
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PLUS |
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Band Width (£ safe custody assets) (CA) held |
Fee (£/£ millions or part £ million of CA) |
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less than £10 million5 5 |
0.446030 551113182325 |
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an amount equal to or greater than £10 million and less than or equal to £100 billion |
0.334530 5513182325 |
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more than £100 billion5 5 |
0.223030 5513182325 |
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30A.22 |
Band Width (No. of appointed representatives) |
Fee (£/appointed representative) |
>0 |
250 for appointed representatives other than introducer appointed representatives |
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>0 |
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2 | 27711 | |
5B. Service Companies |
Band Width |
Fee (£)18 12 |
Annual income up to and including £100,000 |
1,13223 7711121318 |
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PLUS:18 |
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Band width18 |
Fee (£/£thousand or part £ thousand of income)18 |
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Annual income over £100,00012 |
1.1930 77111213182325 |
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7711 | ||
1177 | 7711 | |
7 | 711 | 7 |
B. Regulated benchmark administrators17 12 |
Band width12 |
Fee (£)15 12 |
Annual income up to and including 100,00017 12 |
1,15123 171218 |
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15PLUS: |
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15Band width |
Fee (£/£ thousand or part £18 thousand of income) |
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Annual income over 100,00017 12 |
2.0030 231917121525 |
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12B. Recognised investment exchanges |
Band width |
Fee (£)15 |
Annual income up to and including £10,000,000 |
109,30430 182325 |
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15PLUS: |
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15Band width |
Fee (£/£ thousand or part £18 thousand of income) |
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Annual income over £10,000,000 |
3.4430 15182325 |
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12B. Recognised auction platforms29 22 |
58,26630 13182229 |
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12B. Recognised overseas investment exchanges |
62,424 30 1318232524 |
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2624 | 262426242624 | |
2721 | 21 | |
B. MTF and OTF14 operators |
14 | Fee (£) 30 28 |
Annual income up to and including £100,00028 |
1,15130 28 |
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PLUS:28 |
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Band width28 |
Fee (£/£ thousand or part £ thousand of income) 30 28 |
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Annual income over £100,00028 |
2.3230 28 |
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4CC1. Credit-related regulated activities with limited permission |
Band Width (£ thousands of annual income (AI)) |
Fee (£)5 |
0 - 105 5 |
25030 55131823 |
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>10 - 505 5 |
50030 55131823 |
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>50 - 1005 5 |
50030 55131823 |
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>1005 5 |
75030 55131823 |
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5PLUS: |
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5Fee (£/£ thousand or part £ thousand of AI) |
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>2505 5 |
0.5030 5525 |
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4CC2. Credit-related regulated activities |
Band Width (£ thousands of annual income (AI)) |
Fee (£) 5 |
0 - 505 5 |
75030 55131823 |
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>50 - 1005 5 |
1,00030 55131823 |
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>1005 5 |
1,15130 55131823 |
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5PLUS: |
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5Fee (£/£ thousand or part £ thousand of AI) |
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>2505 5 |
1.4030 551125 |
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20CMC. |
Band width (£ thousands of annual turnover) |
Fee (£) 30 25 |
0-50 |
500 |
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50-100 |
1,000 |
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>100 |
3.3530 per £ thousand or part per £ thousand 25 |
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24 | ||
2624 |
Part 2 The tables below show 9the tariff rates (minimum fees) applicable to each of the fee blocks set out in Part 2 of FEES 4 Annex 1AR. 9Part 2(a) shows the tariff rates (minimum fees) payable to the FCA by FCA-authorised persons and Part 2(b) shows the tariff rates (minimum fees) payable to the FCA by PRA-authorised persons. [Note: PRA-authorised persons will also pay minimum fees to the PRA as set out in Chapter 3 of the Fees Part of the PRA Rulebook16.] |
9Part 2(a) tariff rates (minimum fees) payable to the FCA by FCA-authorised persons |
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A.0 |
(1) |
£1,15123 unless it is a community finance organisation with a tariff base of:11 22711791318 |
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11(a) |
up to and including 3 mortgages and/or home finance transactions, in which case a minimum fee of £17623 13is payable; or 18 |
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11(b) |
more than 3 but no more than 10 mortgages and/or home finance transactions, in which case a minimum fee of £59723 is payable; or 22771813 |
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11(c) |
more than 10 but no more than 50 mortgages and/or home finance transactions, in which case a minimum fee of £1,10623 is payable. 2771813 |
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2277 | |||
(2) |
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2277 | |||
[deleted]9 332277 |
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(3) |
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[deleted]9 |
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[deleted]9 2 |
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(4) |
[deleted]9 2 |
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AP.0 |
Periodic fees payable under fee blocks A.2, A.7 to A.19and A. 21 5in 2 Part 1 multiplied by rate £0.105530 25231825771311 |
9Part 2(b) tariff rates (minimum fees) payable to the FCA by PRA-authorised persons |
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A.0 |
(1) |
£57423 unless: 1318 |
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(a) |
It is a credit union that meets the conditions in (2), in which case the minimum fee payable is as set out in (2); |
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(b) |
it is a non-directive friendly society that falls into the A.3 activity group but not the A.4 activity group and has, for that activity, 0.5 million or less in gross written premium for fees purposes and holds best estimate liabilities for fees purposes of 1.0 million or less16, in which case the minimum fee payable is £24723; or 181613 |
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(c) |
it is a non-directive friendly society that falls into the A.4 activity group but not the A.3 activity group and has, for that activity, written 1.0 million or less in gross written premium for fees purposes and holds best estimate liabilities for fees purposes of 1.0 million or less16, in which case the minimum fee payable is £24723; or 181613 |
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(d) |
it is a non-directive friendly society that falls into the A.3 and A.4 activity groups and meets the conditions in (3)(a) and (3)(b), in which case the minimum fee payable is £24723. 181613 |
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(2) |
The conditions referred to in (1)(a) are that the credit union has a tariff base (Modified Eligible Liabilities) of: |
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(a) |
0 to 0.5million, in which case a minimum fee of £9223 is payable; or 1318 |
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(b) |
greater than 0.5millon but less than 2.0million, in which case a minimum fee of £31023 is payable. 1318 |
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(3) |
The conditions referred to in (1)(d)16 are that: |
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(a) |
the non-directive friendly society falls into the A.3 activity group and has, for that activity, 0.5 million or less in gross written premium for fees purposes and holds best estimate liabilities for fees purposes16 of 1.0 million or less; |
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(b) |
the non-directive friendly society falls into the A.4 activity group and has, for that activity, written 1.0 million or less in gross written premium for fees purposes and holds best estimate liabilities for fees purposes16 of 1.0 million or less. |
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The figures for gross written premium for fees purposes and best estimate liabilities for fees purposes16 are the same as used for Part 1 of this Annex. |
Part 3 [deleted]22 |