FEES 5 Annex 1R 45Annual General Levy Payable in Relation to the Compulsory Jurisdiction for 2011/121751
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 levy1652
691215171215171652691517171652612Industry 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 |
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 |
1715 | |
12- |
6915 | |
13-Cash plan health providers |
Flat fee |
Levy of 12517 17 |
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 |
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. |