FEES 5 Annex 1R 461945175224252527293034Annual General Levy Payable in Relation to the Compulsory Jurisdiction for 2020/2138
Introduction: annual budget
1. The annual budget for 17 2020/21 38 approved by the FCA24 is £296.7m38.17
2. The total amount expected to be raised through the general levy in 172020/21 38 will be £83.9m38. 17
Compulsory jurisdiction - general levy1653
6912151719212424252527293337212412151719192124242525272933371653691517192124242525272933371719192124242737191921241653612Industry 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 |
£0.15476 381715 per relevant account, subject to a minimum levy of £211001 691215171919212424252527293337 |
2-Insurers - general (excluding firms in blocks 13 & 15) |
Gross written premium for fees purposes (GWP) as defined in FEES 4 Annex 1AR; or31 Relevant gross written premium (RGWP) notified to the FCA under FEES 5.4.1R(1A)31 |
£0.3017 381715 per £211,000 of GWP or RGWP31, subject to a minimum levy of £2110033 691101517191921242525272931333731 |
3-The Society (of Lloyd's) |
Not applicable |
£78,130 3817 to be allocated by the Society 15171919212137 |
4. Insurers - life (excluding firms in block 15) |
Gross written premium for fees purposes (GWP) as defined in FEES 4 Annex 1AR; or31 Relevant gross written premium (RGWP) notified to the FCA under FEES 5.4.1R(1A)31 |
1725£0.0355 38 per £211,000 of GWP or RGWP31, subject to a minimum levy of £130331 691215171919212424252527313337213121 |
5. Portfolio managers22 (including those holding client money/assets and not holding client money/assets) 22 |
Flat fee12 12 |
6917191921242429 |
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£0.242 38 per £1,000 of annual income subject to a minimum fee of £4521 6912151719691215202124242525293337 |
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£0.129 38 per £1,000 of annual income subject to a minimum fee of £4521 9121517191991520202124242525293337 |
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, registered account information service providers, 30electronic 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 |
£0.0016 3817 per £211,000 of relevant income subject to a minimum levy of £217515 1517191921242433 |
For small payment institutions and small electronic money institutions 17a flat fee13 17 |
1719192115 | |
69151919212424252527151 | ||
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 |
91215171919212424 |
17 - General insurance distribution32 (excluding firms in blocks 13, 14 & 15) |
Annual income (as defined in MIPRU 4.3) relating to firm's relevant business12 12 |
1725£0.642 38 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 9121517191921242425252729333712151521 |
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 |
£0.0001 38 per £211,000 of average outstanding electronic money subject to a minimum levy of £21403318 1819212424293719 |
|
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 ££0.50 38per £1,000 of annual income on income above £250,00024 24293337 |
|
21 -26 CBTL firms54 that do not have permission to carry out any regulated activities27 |
Flat fee54 |
Levy of £3527 54 |
2622 - designated credit reference agencies (but excluding firms in any other industry block) |
Flat fee |
Levy of £7529 |
2823 – designated finance platforms (but excluding firms in any other industry block) |
28Flat fee |
Levy of £7529 28 |
Annual income |
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 1A45 and Part 2 and Part 2A of FEES 4 Annex 1117. 45 |
6 |
Where the tariff base in the table is defined in similar terms as that for the equivalent activity group in45 Part 3 of FEES 4 Annex 1A45 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 (except for firms in industry blocks 2 and 4).31 45 |
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. |