FEES 5 Annex 1R Annual Fees Payable in Relation to 2005/06
Introduction: annual budget
1. The annual budget for 2005/06 approved by the FSA is 53.1 m.
Part 1: General levy and supplementary levy
2. The total amount expected to be raised through the general levy in 2005/06 will be 11.067 m.
Part 2: Fee tariffs for general levy and supplementary levy
3. No establishment costs will be raised in 2005/06 by the supplementary levy.
Industry block |
Tariff base |
General levy payable by firm |
1-Deposit acceptors, mortgage lenders and administrators (excluding firms in block 14) |
Number of accounts relevant to the activities in DISP 2.6.1 R |
0.00356 per relevant account, subject to a minimum levy of 100 |
2-Insurers - general (excluding firms in blocks 13 & 15) |
Relevant annual gross premium income |
0.044 per 1,000 of relevant annual gross premium income, subject to a minimum levy of 100 |
3-The Society (of Lloyd's) |
Not applicable |
24,048 to be allocated by the Society |
4-Insurers - life (excluding firms in block 15) |
Relevant adjusted annual gross premium income |
0.10 per 1,000 of relevant adjusted annual gross premium income, subject to a minimum levy of 100 |
5-Fund managers (including those holding client money/assets and not holding client money/assets) |
Relevant funds under management |
0.0009 per 1,000 of relevant funds under management, subject to a minimum levy of 100 |
6-Operators, trustees and depositaries of collective investment schemes |
Flat fee |
Levy of 75 |
7-Dealers as principal |
Flat fee |
Levy of 50 |
8-Advisory arrangers, dealers or brokers holding and controlling client money and/or assets |
Number of relevant approved persons (controlled functions 21, 22, 24, 25, 26) |
100 per relevant approved person(controlled functions 21, 22, 24, 25, 26), subject to a minimum levy of 100 |
9-Advisory arrangers, dealers or brokers not holding and controlling client money and/or assets |
Number of relevant approved persons (controlled functions 21, 22, 24, 25, 26) |
25 per relevant approved person (controlled functions 21, 22, 24, 25, 26), subject to a minimum levy of 50 |
10-Corporate finance advisers |
Flat fee |
Levy of 50 |
11- |
N/A for 2004/05 |
|
12- |
N/A for 2004/05 |
|
13-Cash plan health providers |
Flat fee |
Levy of 50 |
Flat fee |
Levy of 50 |
|
15-Friendly societies whose tax-exempt business represents 95% or more of their total relevant business |
Flat fee |
Levy of 50 |
16-Mortgage lenders, advisersand arrangers (excluding firms in blocks 13, 14 & 15) |
Flat fee |
Levy of 50 |
17 - General insurance mediation (excluding firms in blocks 13, 14 & 15) |
Flat fee |
Levy of 50 |
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 1. |
6 |
Where the tariff base in the table is defined in similar terms as that for the equivalent activity group in Part 2 of FEES 4 Annex 1, it must be calculated in the same way as that tariff base - taking into account only the firm's relevant business. |
Part 3: Case fees
Table: Standard case fees and special case fees in relation to 2005/2006
Governing provisions |
Case Fee |
Amount |
Standard case fee |
360 |
|
Special case fee: complaints from small businesses |
475 |
|
Special case fee: firms which cease to be authorised |
475 |
|
Special case fee: relevant complaints against persons who were subject to a former scheme |
475 |
Part 4: Fee Tariffs and case fees for VJ participants |
Table: Fee tariffs and case fees for VJ participants in relation to 2005/2006
Voluntary jurisdiction industry block |
Tariff base |
General levy payable by firm |
Minimum general levy per firm |
Case fee* |
|
1V |
Deposit acceptors, mortgage lenders and administrators |
Number of relevant accounts |
0.00383 per relevant account |
100 |
360 |
2V |
VJ participants undertaking insurance activities subject only to prudential regulation |
Relevant annual gross premium income |
0.000044 per 1 of relevant annual gross premium income |
100 |
360 |
3V |
VJ participants undertaking insurance activities subject to prudential and conduct of business regulation |
Relevant adjusted annual gross premium income |
0.000094 per 1 of relevant adjusted annual gross premium income |
100 |
360 |
4V |
[No longer applicable.] |
||||
5V |
[No longer applicable.] |
||||
6V |
Other intermediaries |
Not applicable |
Not applicable |
Not applicable |
360 |
7V |
VJ participants not falling into any of the above categories |
Not applicable |
Not applicable |
Not applicable |
475 |
8V |
National Savings and Investments business |
Not applicable |
Not applicable |
10,000 |
360 |
9. |
The industry blocks in the table are based on the equivalent activity groups for authorised firms, as set out in part 1 of FEES 4 Annex 1. |
10. |
Where the tariff base in the table is defined in similar terms as the tariff base for the equivalent activity group set out in part 2 of FEES 4 Annex 1, it must be calculated in the same way as that tariff base except that it takes into account only the VJ participant's relevant business. |
11. |
'Relevant business' for the purposes of funding the Voluntary Jurisdiction means that part of a VJ participant's business which it conducts with private individuals and which is subject to the Voluntary Jurisdiction of the Financial Ombudsman Service as provided for in DISP 2.6.9 R (The Voluntary Jurisdiction), as measured by the appropriate tariff base for each industry block. |
Note on case fees
12. |
As for the Compulsory Jurisdiction, firms will only be charged for the third and subsequent chargeable case in any financial year. |