Status: Please note you should read all Brexit changes to the FCA Handbook and BTS alongside the main FCA transitional directions. Where these directions apply the 'standstill', firms have the choice between complying with the pre-IP completion day rules, or the post-IP completion day rules. To see a full list of Handbook modules affected, please see Annex B to the main FCA transitional directions.

FEES 4 Annex 5 Periodic fees for designated professional bodies: tariff base, valuation date and tariff rates15111617171819

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24Part 1

This table sets out the tariff base and valuation date for the designated professional bodies fee-block. The tariff base and valuation date in this Part is the means by which the FCA calculates the annual periodic fees payable by a designated professional body to the FCA.

Activity group

Fee payer falls in the activity group if:

Tariff base

Valuation date

D.1 Designated professional bodies

It is a designated professional body

Number of exempt professional firms regulated or supervised by a designated professional body

As at 31 December prior to the fee-year

24Part 2

This table sets out the tariff rates applicable to designated professional bodies

Fee payable in relation to 2020/21

Amount payable

Minimum fee, payable by all designated professional bodies

£10,00023

Variable fee, payable by designated professional bodies where the number of exempt professional firms regulated or supervised by a designated professional body is greater than 1

£15.86 23 multiplied by the total number of exempt professional firms in excess of 1

Note20

20The Financial Services Register includes details of exempt professional firms carrying out insurance distribution activity20.

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