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Status: You are viewing the version of the handbook as on 2009-03-31.

FEES 5 Annex 1R Annual Fees Payable in Relation to 372008/09

R

Introduction: annual budget

1. The annual budget for 2008/09 approved by the FSA is 62.6m.

Part 1: General levy and supplementary levy

2. The total amount expected to be raised through the general levy in 2008/09 will be 17.2m (net of 1.8m to be raised from consumer credit firms.9

Part 2: Fee tariffs for general levy and supplementary levy

3. No establishment costs will be raised in 192008/099 by the supplementary levy.

69696

Industry block

Tariff base

General levy payable by firm

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

369

Number of accounts relevant to the activities in DISP 2.6.1 R9

89

0.0239 per relevant account, subject to a minimum levy of 1001

69

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

Relevant annual gross premium income

0.12610 per 1,000 of relevant annual gross premium income, subject to a minimum levy of 100

69110

3-The Society (of Lloyd's)

Not applicable

28,0001 to be allocated by the Society

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

Relevant adjusted annual gross premium income

0.0499 per 1,000 of relevant adjusted annual gross premium income, subject to a minimum levy of 1001

69

5-Fund managers (including those holding client money/assets and not holding client money/assets)

Relevant funds under management

1Levy of 2009

69

6-Operators, trustees and depositaries of collective investment schemes and operators of personal pension schemes or stakeholder pension schemes2

Flat fee

Levy of 506

6

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 persons approved to perform the customer function (CF30), but excluding those persons solely acting in the capacity of an investment manager or solely advising clients in connection with corporate finance business or performing functions relating to these.

809 per relevant approved person subject to a minimum levy of 8091

6969

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

Number of relevant persons approved to perform the customer function (CF30), but excluding those persons solely acting in the capacity of an investment manager or solely advising clients in connection with corporate finance business or performing functions relating to these.

409 per relevant approved person subject to a minimum levy of 409

99

10-Corporate finance advisers

Flat fee

Levy of 50

11-

N/A for 2008/0991

69

12-

N/A for 2008/0991

69

13-Cash plan health providers

Flat fee

Levy of 50

14-Credit unions

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

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

369

Flat fee

Levy of 609

9

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

Flat fee

Levy of 609

9

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 fees40

Compulsory jurisdiction - case fee table

case fee

standard case fee

450

(for the fourth chargeable case and any subsequent chargeable case in this financial year 2008/09)

special case fee

450

(for the fourth chargeable case and any subsequent chargeable case in this financial year 2008/98)

The definitions of standard case fee and special case fee are in FEES 5.5, (case fees) in the FSA Handbook.

The definition of a chargeable case is in the Glossary to the FSA Handbook

Part 3A: Case fees licencees

Table: Consumer credit jurisdiction - standard case fee40

Consumer credit jurisdiction - case fee table

case fee

standard case fee

450

(for the fourth chargeable case and any subsequent chargeable case in this financial year 2008/09)

The definitions of standard case fee and special case fee are in FEES 5.5, (case fees) in the FSA Handbook.

The definition of a chargeable case is in the Glossary to the FSA Handbook

37

37

Part 4: VJ participants

Table: Fee tariffs and case fees for VJ participants40

Voluntary jurisdiction - general levy tariff and case fee table

industry block and business activity

tariff basis

tariff rate

minimum levy8

standard case fee and special 8case fee*

1V

deposit acceptors, mortgage lenders and administrators, including debit/credit/charge card issuers and electronic money institutions

number of relevant accounts

0.0178

100

450

2V

VJ participants undertaking insurance activities subject only to prudential regulation

per 1,000 of relevant annual gross premium income

0.165

100

450

3V

VJ participants undertaking insurance activities subject to prudential and conduct of business regulation

Per 1,000 of relevant adjusted annual gross premium income

0.073

100

450

6V

intermediaries

n/a

n/a

60

450

8V

National Savings & Investments

n/a

n/a

10,000

450

9V

Post Office Limited

n/a

n/a

10,000

450

10V

Persons not covered by 1V to 8V undertaking activities which would be regulated activities or consumer credit activities if they were carried on from an establishment in the United Kingdom

n/a

n/a

60

450

*note on case feesAs for the compulsory jurisdiction, VJ participants will only be charged for the fourth and subsequent chargeable case in this financial year 2008/09.