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FEES 5 Annex 1R 45Annual Fees Payable in Relation to 2009/10 49

R

Introduction: annual budget

1. The annual budget for 2009/1012 approved by the FSA is 92.5m.12

Part 1: General levy 12

2. The total amount expected to be raised through the general levy in 2009/10 will be £17.7m(net of £1.8m to be raised from consumer credit firms).12

Part 2: Fee tariffs for general levy 12

69121269612

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 as at 31 December

For an e-money firm, the tariff base includes the number of e-money accounts multiplied by 0.15. (7)11

89

0.02712 per relevant account, subject to a minimum levy of 1001

6912

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

0.02812 per 1,000 of relevant adjusted annual gross premium income, subject to a minimum levy of 1001

6912

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

Flat fee12

12

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.

4512 per relevant approved person subject to a minimum levy of 45121

69126912

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.

4012 per relevant approved person subject to a minimum levy of 409

9129

10-Corporate finance advisers

Flat fee

Levy of 50

11-

N/A for 2008/0991

69

12-

N/A for 2009/10121

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 7012

912

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

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

12

0.175 per 1,000 of annual income (as defined in MIPRU 4.3) relating to firm's relevant business subject to a minimum levy of 8012

912

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 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.

117

(1) An e-money account is, subject to (2), e-money that has been issued by an e-money firm and which can reasonably be regarded as being held by the owner of the e-money as a single balance and under the same arrangements.

(2) An account that would be an e-money account under (1) will not be one where, as at 31 December, it carries a nil balance and/or has been inactive for a period of 12 months or more.

Part 3: Case Fees

Table: Standard case fees and special case fees48

Compulsory jurisdiction - case fee table

case fee

standard case fee

50049

49

(for the fourth chargeable case and any subsequent chargeable case in this financial year 2009/10)49

49

special case fee

50049

49

(for the fourth chargeable case and any subsequent chargeable case in this financial year 2009/10)49

49

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 fee48

Consumer credit jurisdiction - case fee table

case fee

standard case fee

50049

49

(for the fourth chargeable case and any subsequent chargeable case in this financial year 2009/10)49

49

49special case fee

500

(for the fourth chargeable case and any subsequent chargeable case in this financial year 2009/10)

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

45

45

Part 4: VJ participants

Table: Fee tariffs and case fees for VJ participants48

Voluntary jurisdiction - general levy tariff and case fee table

industry block and business activity

tariff basis

tariff rate

minimum levy8

case fee (Note 1)49

849

1V

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

number of relevant accounts, adjusted in respect of e-money accounts on the same basis as for industry block 1 in Part 2 of FEES 5 Annex 1 R

(Note 2)49

0.02749

49

100

50049

49

2V

VJ participants undertaking insurance activities subject only to prudential regulation

per 1,000 of relevant annual gross premium income

0.12649

49

100

50049

49

3V

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

Per 1,000 of relevant adjusted annual gross premium income

0.02549

49

100

50049

49

6V

intermediaries

n/a

n/a

7549

49

50049

49

497V

Freight-forwarding companies

n/a

n/a

75

500

8V

National Savings & Investments

n/a

n/a

10,000

50049

49

9V

Post Office Limited

n/a

n/a

10,000

50049

49

10V

Persons not covered by 1V to 949V undertaking activities which would be regulated activities or consumer credit activities if they were carried on from an establishment in the United Kingdom

49

n/a

n/a

7549

49

50049

49

Notes

*note on case fees:

(1) The standard case fee and the special case fee are both 500.49As for the compulsory jurisdiction, VJ participants will only be charged for the fourth and subsequent chargeable case in this financial year 2009/10.4949note on relevant accounts:

(2) The FSA's consultation paper CP08/18 (chapter 7) contains a proposal to amend the definition of relevant accounts in relation to e-money accounts. (www.fsa.gov.uk/pubs/cp/cp08_18.pdf)