FEES 5 Annex 1R 35193417412425252729Annual General Levy Payable in Relation to the Compulsory Jurisdiction for 2018/1930

R

Introduction: annual budget

1. The annual budget for 172018/1933 approved by the FCA24 is £289.8m33.17

2. The total amount expected to be raised through the general levy in 172018/1933 will be £24.5m27. 17

Compulsory jurisdiction - general levy1642

691215171921242425252729212412151719192124242525272916426915171921242425252729171919212424191921241642612

Industry block

Tariff base

General levy payable by firm

1-Deposit acceptors, home finance providers,14 home finance administrators 9 (excluding firms in block 14) and dormant account fund operators14

369

Number of accounts relevant to the activities in DISP 2.6.1 R9 as at 31 December

In the case of dormant account fund operators, the tariff base is the number of eligible activated accounts (8).14

8917

£0.0446633 1715 per relevant account, subject to a minimum levy of £211001

69121517191921242425252729

2-Insurers - general (excluding firms in blocks 13 & 15)

Gross written premium for fees purposes (GWP) as defined in FEES 4 Annex 1AR; or31

Relevant gross written premium (RGWP) notified to the FCA under FEES 5.4.1R(1A)31

£0.06933 1715 per £211,000 of GWP or RGWP31, subject to a minimum levy of £2110033

69110151719192124252527293131

3-The Society (of Lloyd's)

Not applicable

£25,9892117 to be allocated by the Society

1517191921

4-Insurers - life (excluding firms in block 15)

Gross written premium for fees purposes (GWP) as defined in FEES 4 Annex 1AR; or31

Relevant gross written premium (RGWP) notified to the FCA under FEES 5.4.1R(1A)31

1725£0.008533 per £211,000 of GWP or RGWP31, subject to a minimum levy of £130331

69121517191921242425252731213121

5. Portfolio managers22 (including those holding client money/assets and not holding client money/assets)

22

Flat fee12

12

1Levy of £2302917

69171919212424

6. Managers and depositaries of investment funds, and operators of collective investment schemes or pension schemes22

222

Flat fee

Levy of £602417

61719192124

7-Dealers as principal

Flat fee

Levy of £752117

17191921

8-Advisors,20 arrangers, dealers or brokers holding and controlling client money and/or assets

20

Annual income as defined in FEES 4 Annex 11A relating to firm’s relevant business.20

20

17120£0.13633 per £1,000 of annual income subject to a minimum fee of £4521

691215171969121520212424252529

9-Advisors,20 arrangers, dealers or brokers not holding and controlling client money and/or assets

20

Annual income as defined in FEES 4 Annex 11A relating to firm's relevant business.20

20

17£0.03333 per £1,000 of annual income subject to a minimum fee of £4521

912151719199152020212424252529

10-Corporate finance advisers

Flat fee

Levy of £552117

17191921

11-fee-paying payment service providers (but excluding firms in any other Industry block13 except Industry block 18)17

For authorised payment institutions, registered account information service providers, 30electronic money issuers (except for small electronic money institutions),17 the Post Office Limited, the Bank of England, government departments and local authorities, and EEA authorised payment institutions relevant income as described in FEES 4 Annex 11 Part 31391

6913

£0.000333 17 per £211,000 of relevant income subject to a minimum levy of £217515

15171919212424

For small payment institutions and small electronic money institutions 17a flat fee13

17

Levy of £35211713

1719192115

29

29

69151919212424252527151

13-Cash plan health providers

Flat fee

Levy of £652117

171919

14-Credit unions

Flat fee

Levy of £552117

17191921

15-Friendly societies whose tax-exempt business represents 95% or more of their total relevant business

Flat fee

Levy of £652117

17191921

16-3Home finance providers, advisers and arrangers 9 (excluding firms in blocks 13, 14 & 15)

369

Flat fee

Levy of £902417

912151719192124

17 - General insurance distribution32 (excluding firms in blocks 13, 14 & 15)

Annual income (as defined in MIPRU 4.3) relating to firm's relevant business12

12

1725£0.447733 per £211,000 of annual income (as defined in MIPRU 4.3) relating to firm's relevant business subject to a minimum levy of £10021

912151719192124242525272912151521

1718 - fee-paying electronic money issuers

For all fee-paying electronic money issuers except for small electronic money institutions, average outstanding electronic money, as described in FEES 4 Annex 11 Part 3.18

1819

£0.000729 per £211,000 of average outstanding electronic money subject to a minimum levy of £21403318

181921242419

For small electronic money institutions, a flat fee

Levy of £21501923

19

2319 - Credit-related regulated activities with limited permission

For not-for-profit debt advice bodies, a flat fee

Levy of £024

24

For all other firms with limited permission, a flat fee

Levy of £3524

24

2320 - Credit-related regulated activities

Annual income as defined in FEES 4 Annex 11BR

Levy of £35

Plus £0.0133 per £1,000 of annual income on income above £250,00024

2429

21 -26 CBTL firms43 that do not have permission to carry out any regulated activities27

Flat fee43

Levy of £3527

43

2622 - designated credit reference agencies (but excluding firms in any other industry block)

Flat fee

Levy of £7529

2823 – designated finance platforms (but excluding firms in any other industry block)

28Flat fee

Levy of £7529

28

Notes11

4

[not used]

5

The industry blocks in the table are based on the equivalent activity groups set out in Part 1 of FEES 4 Annex 1A34 and Part 2 and Part 2A of FEES 4 Annex 1117.

34

6

Where the tariff base in the table is defined in similar terms as that for the equivalent activity group in34 Part 3 of FEES 4 Annex 1A34 or Part 3 of FEES 4 Annex 1117, it must be calculated in the same way as that tariff base - taking into account only the firm's relevant business (except for firms in industry blocks 2 and 4).31

34

117

[deleted]17

17

148

Eligible activated accounts are the number of repayment claims met by the dormant account fund operator as at the 31 December.

1642164235

351642