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 4A Annex 1R TP persons periodic fees for the period from 1 April 2019 to 31 March 2020

R

1Part 1

Activity group

Fee payable

A.1

Band Width (£ million of Modified Eligible Liabilities (MELs))

Fee (£/£m or part £m of MELs)

General Periodic fee

>10 - 140

[tbc]

>140 - 630

[tbc]

>630 – 1,580

[tbc]

>1,580 – 13,400

[tbc]

>13,400

[tbc]

A.2

Band Width (no. of mortgages and/or home finance transactions)

Fee (£/mortgage)

>50

[tbc]

A.3

Gross written premium for fees purposes (GWP)

Periodic fee

Band Width (£ million of GPI)

Fee (£/£m or part £m of GWP)

>0.5

[tbc]

PLUS

Best estimate liabilities for fees purposes (BEL)

General Periodic fee

Band Width (£ million of BEL)

Fee (£/£m of part £m of BEL)

>1

[tbc]

A.4

Gross written premium for fees purposes (GWP)

General Periodic fee

Band Width (£ million of GWP)

Fee (£/£m or part £m of GWP)

>1

[tbc]

PLUS

Best estimate liabilities for fees purposes

General Periodic fee

Band Width (£ million of BEL)

Fee (£/£m or part £m of BEL)

>1

[tbc]

A.7

For class 1(C), (2), (3) and (4) firms:

Band Width (£ million of Funds under Management (FuM))

Fee (£/£m of part £m of FuM)

>10

[tbc]

Class 1 (C) firms are defined in FEES 4 Annex 1A

A.9

Band Width (£ million of Gross Income (GI))

Fee (£/£m of part £m of GI)

>1

[tbc]

A.110

Band Width (no. of traders)

Fee (£/trader)

>1

[tbc]

A.13

For class (2) firms

Band Width (£ thousands of annual income (AI))

Fee (£/£ thousand or part £ thousand of AI)

>100

[tbc]

For a professional firm in A.13 the fee is calculated as above less 10%.

A.14

Band Width (£ thousands of annual income (AI))

Fee (£/£ thousand or part £ thousand of AI)

> 100

[tbc]

A.18

Band Width (£ thousands of annual income (AI))

Fee (£/£ thousand or part £ thousand of AI)

> 100

[tbc]

A.19

Band Width (£ thousands of Annual Income (AI))

Fee (£/£ thousand or part £ thousand of AI)

>100

[tbc]

more than £100 billion

[tbc]

CC.2

Band Width (£ thousands of annual income (AI))

Fee (£)

0 - 50

[tbc]

>50 - 100

[tbc]

>100

[tbc]

PLUS:

Fee (£/£ thousand or part £ thousand of AI)

>250

[tbc]

Part 2

The table below shows the tariff rates (minimum fees) applicable to each of the fee blocks set out in Part 1 of FEES 4A Annex 1R other than fee-block CC2.

Activity group

Fee payable

A.0

£[tbc] unless it is a TP firm that also pays minimum fees set out in the PRA Rulebook, in which case it is £[tbc].

Part 3

TA PI firm or TA RAISP firm

Activity group

Fee payable

G.2

Minimum fee (£)

[tbc]

£ million or part £ million of Modified Eligible Liabilities (MELs)

Fee (£/£m or part £m of MELs)

>0.1

[tbc]

> 10 - 140

[tbc]

G.3

Minimum fee (£)

[tbc]

£ thousands or part £ thousand of Relevant Income

Fee (£/£thousand or part £ thousand of Relevant Income)

>100

[tbc]

Part 4

TA EMI firm

Activity group

Fee payable

G.10

Minimum fee (£)

[tbc]

£ million or part £ million of average outstanding electronic money (AOEM)

Fee (£/£m or part £m of AOEM)

>5.0

[tbc]