Content Options

Content Options

View Options

Status: You are viewing the version of the handbook as on 2011-04-29.

FEES 4 Annex 7 124Periodic fees in relation to the Listing Rules for the period 1 April 2010 to 31 March 201164

R

1Fee type

Fee amount

Annual fees for the period 1 April 2010 to 31 March 20116

2344

Annual Issuer Fees - all listed issuers of shares, depositary receipts and securitised derivatives. This fee represents the total annual fee for a listed issuer - no additional annual fee is due under the disclosure rules and transparency rules.

(1) For all issuers of securitised derivatives, depositary receipts and global depositary receipts the fees payable are set out in Table 1.

(2) For all other issuers, fees to be determined according to market capitalisation, as at the last business day of the November prior to the FSA financial yearin which the fee is payable,5 are 3as set out in Table 2. The fee is calculated as follows:

(a) the relevant minimum fee; plus

(b) the cumulative total of the sums payable for each of the bands calculated by multiplying each relevant tranche of the firm's market capitalisation by the rate indicated for that tranche. Where issuers have more than one type of share in issue, the highest market capitalisation of all of its securities in issue is used.

(3) Notwithstanding (2), overseas issuers with a listing of equity securities which is not a primary listing premium listing 6will only pay 80% of the fee otherwise payable under (2).

Annual fees are charged in annual cycles beginning on 1 April of a year and ending on 31 March of the following year. For fees purposes issuers should take into account only equity ordinary shares, including those issued by suspended issuers.

Table 1Annual fees for issuers of securitised derivatives, depositary receipts and global depositary receipts

Issuer

Fee amount

Issuers of securitised derivatives

£3,70063

23

Issuers of depositary receipts and global depositary receipts

£4,44063

236

Table 2

Tiered annual fees for all other issuers

Fee payable

Minimum fee (£)

£3,70063

236

£ million of Market Capitalisation as at the last business day of the November prior to the FSA financial year in which the fee is payable5

Fee (£/£m or part £m of Market Capitalisation as at the last business day of the November prior to the FSA financial year in which the fee is payable)5

0 - 100

0

>100 - 250

23.59335664

2346

>250 - 1,000

9.43671664

2346

>1,000 - 5,000

5.80868664

2346

>5,000 - 25,000

0.14169264

2346

>25,000

0.04577764

2346

There is deducted from the fee specified in this Annex 0.0%6 of the fee payable to take into account financial penalties received by the FSA in the previous financial year.4

6