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Status: You are viewing the version of the handbook as on 2012-01-07.

FEES 5 Annex 1R 37Annual General Levy Payable in Relation to the Compulsory Jurisdiction for 2011/121743

R

Introduction: annual budget

1. The annual budget for 2011/12 17 approved by the FSA is 127.9m.17

2. The total amount expected to be raised through the general levy in 2011/1217 will be £42.7m 17(net of £1.8m to be raised from consumer credit firms).12

Compulsory jurisdiction - general levy1644

691215171215171644691517171644612

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

0.06436481715 per relevant account, subject to a minimum levy of 1001

69121517

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

Relevant annual gross premium income

0.216261715 per 1,000 of relevant annual gross premium income, subject to a minimum levy of 100

691101517

3-The Society (of Lloyd's)

Not applicable

48,11617 to be allocated by the Society

1517

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

Relevant adjusted annual gross premium income

0.03844517 per 1,000 of relevant adjusted annual gross premium income, subject to a minimum levy of 1001

69121517

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

Flat fee12

12

1Levy of 48517

6917

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

Flat fee

Levy of 12017

617

7-Dealers as principal

Flat fee

Levy of 12517

17

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.

36.9817 per relevant approved person subject to a minimum levy of 35151

69121517691215

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.

30.0217 per relevant approved person subject to a minimum levy of 3515

9121517915

10-Corporate finance advisers

Flat fee

Levy of 13017

17

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

For authorised payment institutions, electronic 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

0.04085417 per 1,000 of relevant income subject to a minimum levy of 7515

1517

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

17

Levy of 1501713

1715

12-

N/A for 2010/11151

6915

13-Cash plan health providers

Flat fee

Levy of 12517

17

14-Credit unions

Flat fee

Levy of 12517

17

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

Flat fee

Levy of 12517

17

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

369

Flat fee

Levy of 11017

9121517

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

1.64927717 per 1,000 of annual income (as defined in MIPRU 4.3) relating to firm's relevant business subject to a minimum levy of 8515

91215171215

1718 - fee-paying electronic money issuers

For all fee-paying electronic money issuers except for small electronic money institutions, a flat fee

180

For small electronic money institutions, a flat fee

180

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 and Part 2 and Part 2A of FEES 4 Annex 1117.

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 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.

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.

1644164437

371644