FEES 5 Annex 2R 891213Annual Levy Payable in Relation to the Voluntary Jurisdiction 2018/19

R

16Voluntary jurisdiction - annual levy for VJ participants

Industry block and business activity

Tariff basis

Tariff rate

Minimum levy

1V

Deposit acceptors, mortgage lenders and mortgage administrators9 and7 debit/credit/charge card issuers and merchant acquirers7

977

number of accounts relevant to the activities in DISP 2.5.1 R7

7

£90.0278

£9100

2V

VJ participants undertaking general7 insurance activities

5

47

per £91,000 of gross written premium5

£9[tbc]5

15

£9[tbc]5

15

3V

VJ participants undertaking life7 insurance activities

5

47

per14 £91,000 of gross written premium5

£9[tbc]5

15

£9[tbc]5

15

6V

Intermediaries

n/a

n/a

£975

7V

Freight-forwarding companies

n/a

n/a

£975

8V

National Savings & Investments

n/a

n/a

£910,000

9V

Post Office Limited

n/a

n/a

£92,0007

7

10V

Persons not covered by 1V to 9V undertaking activities which are:

(a) regulated activities; or11

(b) payment services; 11

or would be if they were carried on from an establishment in the United Kingdom11

711111010711

n/a

n/a

£975

712V

Persons undertaking the activity which is the issuance of electronic money or would be if carried on from an establishment in the United Kingdom

average14 outstanding electronic money as described in FEES 4 Annex 11 Part 38

8

£90.1015 per £91,0008

8

£975

1113V

Persons not covered by 1V to 9V undertaking activities which are CBTL activities or would be if they were carried on from an establishment in the United Kingdom

n/a14

n/a14

£7514

214V

Persons not covered by 1V to 9V providing credit information, under the Small and Medium Sized Business (Credit Information) Regulations or providing specified information under the Small and Medium Business (Finance Platforms) Regulations 3or would be if it was carried on from an establishment in the United Kingdom

n/a14

n/a14

£7514

Notes5

(1) For the purposes of FEES 5 Annex 2R and for VJ participants undertaking general insurance activities (industry block 2V) ‘gross written premium’ means:5

(a) if subject to reporting requirements under the Solvency II Directive, the total of items entered under row codes R0110, R0120 and R0130, as expressed in column code C0200 where this column is completed for those row codes, of the annual quantitative reporting template S.05.01.01 but only in relation to the relevant business of the VJ participant (in accordance with DISP 4.2.6(5)R and FEES 5.3.8R); and5

(b) if not subject to reporting requirements under the Solvency II Directive, the gross premiums written but only in relation to the relevant business of the VJ participant (in accordance with DISP 4.2.6(5)R and FEES 5.3.8R)5.

(2) For the purposes of FEES 5 Annex 2R and for VJ participants undertaking life insurance activities (industry block 3V) ‘gross written premium’ means:5

(a) if subject to reporting requirements under the Solvency II Directive, the item entered under row code R1410, column code C0300 of the annual quantitative reporting template S05.01.01 minus corporate pension business under the annual quantitative reporting template S14.01.01 but only in relation to the relevant business of the VJ participant (in accordance with DISP 4.2.6(5)R and FEES 5.3.8R); and5

(b) if not subject to reporting requirements under the Solvency II Directive, the minimum levy would apply.5

(3) ‘Annual quantitative reporting template’ has the meaning given in Fees Chapter 1 Application and Definitions of the PRA Rulebook.5

(4) ‘Corporate pension business’ has the meaning given in Fees Chapter 1 Application and Definitions of the PRA Rulebook. 5