FEES 5 Annex 1R 45194417512425Annual General Levy Payable in Relation to the Compulsory Jurisdiction for 2015/1625
Introduction: annual budget
1. The annual budget for 172015/16 25 approved by the FCA24 is £270.3m25.17
2. The total amount expected to be raised through the general levy in 172015/16 25 will be £23.3m.24 17
Compulsory jurisdiction - general levy1652
6912151719212424252124121517191921242425165269151719212424251719192124191921241652612Industry 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 |
£0.04425 251715 per relevant account, subject to a minimum levy of £211001 69121517191921242425 |
2-Insurers - general (excluding firms in blocks 13 & 15) |
Relevant annual gross premium income |
£0.1330251715 per £211,000 of relevant annual gross premium income, subject to a minimum levy of £21100 6911015171919212425 |
3-The Society (of Lloyd's) |
Not applicable |
£25,9892117 to be allocated by the Society 1517191921 |
4-Insurers - life (excluding firms in block 15) |
Relevant adjusted annual gross premium income |
1725£0.01830 25 per £211,000 of relevant adjusted annual gross premium income, subject to a minimum levy of £130211 6912151719192124242521 |
5. Portfolio managers22 (including those holding client money/assets and not holding client money/assets) 22 |
Flat fee12 12 |
691719192124 |
6. Managers and depositaries of investment funds, and operators of collective investment schemes or pension schemes22 222 |
Flat fee |
61719192124 |
7-Dealers as principal |
Flat fee |
17191921 |
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£0.149 25 per £1,000 of annual income subject to a minimum fee of £4521 69121517196912152021242425 |
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£0.1 25 per £1,000 of annual income subject to a minimum fee of £4521 91215171919915202021242425 |
10-Corporate finance advisers |
Flat fee |
17191921 |
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 |
£0.00072417 per £211,000 of relevant income subject to a minimum levy of £217515 151719192124 |
For small payment institutions and small electronic money institutions 17a flat fee13 17 |
1719192115 | |
12- |
6915191921242425 | |
13-Cash plan health providers |
Flat fee |
171919 |
Flat fee |
17191921 | |
15-Friendly societies whose tax-exempt business represents 95% or more of their total relevant business |
Flat fee |
17191921 |
16-3Home finance providers, advisers and arrangers 9 (excluding firms in blocks 13, 14 & 15) 369 |
Flat fee |
912151719192124 |
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 |
17£0.484 25 per £211,000 of annual income (as defined in MIPRU 4.3) relating to firm's relevant business subject to a minimum levy of £10021 912151719192124242512151521 |
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 |
£0.001624 per £211,000 of average outstanding electronic money subject to a minimum levy of £21751918 18192124 |
|
For small electronic money institutions, a flat fee |
19 | |
2319 - Credit-related regulated activities with limited permission |
For not-for-profit debt advice bodies, a flat fee |
Levy of £024 24 |
For all other firms with limited permission, a flat fee |
Levy of £3524 24 |
|
Annual income as defined in FEES 4 Annex 11BR |
Levy of £35 Plus £0.02 per £1,000 of annual income on income above £250,00024 24 |
|
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 1A44 and Part 2 and Part 2A of FEES 4 Annex 1117. 44 |
6 |
Where the tariff base in the table is defined in similar terms as that for the equivalent activity group in44 Part 3 of FEES 4 Annex 1A44 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. 44 |
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. |