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Status: You are viewing the version of the handbook as on 2013-03-31.

FEES 5 Annex 1R 36Annual General Levy Payable in Relation to the Compulsory Jurisdiction for 192012/13191742

R

Introduction: annual budget

1. The annual budget for 2012/131917 approved by the FSA is 191.1m19.17

2. The total amount expected to be raised through the general levy in 2012/131917 will be £17.7m19 17(net of £1.5m19 to be raised from consumer credit firms).12

Compulsory jurisdiction - general levy1643

6912151719121517191643691517191719191643612

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

0.0331191715 per relevant account, subject to a minimum levy of 1001

6912151719

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

Relevant annual gross premium income

0.10191715 per 1,000 of relevant annual gross premium income, subject to a minimum levy of 100

69110151719

3-The Society (of Lloyd's)

Not applicable

20,0001917 to be allocated by the Society

151719

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

Relevant adjusted annual gross premium income

0.01461917 per 1,000 of relevant adjusted annual gross premium income, subject to a minimum levy of 1001

6912151719

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

Flat fee12

12

1Levy of 2001917

691719

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

Flat fee

Levy of 501917

61719

7-Dealers as principal

Flat fee

Levy of 501917

1719

8-Advisors,20 arrangers, dealers or brokers holding and controlling client money and/or assets

20

Annual income as defined in FEES 4 Annex 11A relating to firm’s relevant business.20

20

17120[tbc]20

6912151719691215

9-Advisors,20 arrangers, dealers or brokers not holding and controlling client money and/or assets

20

Annual income as defined in FEES 4 Annex 11A relating to firm's relevant business.20

20

17[tbc]20

9121517191991520

10-Corporate finance advisers

Flat fee

Levy of 501917

1719

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

0.01531917 per 1,000 of relevant income subject to a minimum levy of 7515

151719

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

17

Levy of 50191713

171915

12-

N/A for 2012/1319151

691519

13-Cash plan health providers

Flat fee

Levy of 501917

1719

14-Credit unions

Flat fee

Levy of 501917

1719

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

Flat fee

Levy of 501917

1719

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

369

Flat fee

Levy of 601917

912151719

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

0.3621917 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

9121517191215

1718 - fee-paying electronic money issuers

For all fee-paying electronic money issuers except for small electronic money institutions, average outstanding electronic money, as described in FEES 4 Annex 11 Part 3.18

1819

0.0466 per 1,000 of average outstanding electronic money subject to a minimum levy of 751918

1819

For small electronic money institutions, a flat fee

5019

19

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.

1643164336

361643