FEES 7 Annex 1 799CFEB levies for the period from 1 April 2016 to 31 March 2017

Part 1

R

This table shows the CFEB levies applicable to each activity group (fee-block)

2Activity Group

CFEB levy payable

A.1

Column 1

Money advice levy

Column 2

Debt advice levy

(Notes 3 - 6)

Band Width (£4 million of Modified Eligible Liabilities (MELs))

Fee10 (£/£m4 or part m of MELs)

Bandwidth (£ million of unsecured debt)

Fee10 (£/£m or part £m4 of unsecured debt)

>10

4

2.5910

47799

>0

176.5010

47799
4 4
4 4
4 4
4 4
3

A.2

Column 1

General levy

Column 2

Debt advice levy

(Notes 5 -6)

Band Width (no. of mortgages and/or home finance transactions)

Fee104/mortgage)

Band width (£10million of secured debt)

Fee10 (£/£m or part £m4 of secured debt)

>50

4

0.6310

7799

>0

15.8710

7799
4 4
4 4
4 4
4 4

A.3

Gross premium income (GPI)

Band Width (£4 million of GPI)

Fee10 (£/£m or part £m4 of GPI)

>0.5

4

34.6010

47799
4 4
4 4
4 4
4 4

PLUS

Gross technical liabilities (GTL)

Band Width (£4 million of GTL)

Fee10 (£/£m of part £m4 of GTL)

4

>1

4

1.8710

47799
4 4
4 4
4 4
4 4

A.4

Adjusted annual gross premium income (AGPI)

Band Width (£4 million of AGPI)

Fee10 (£/£m or part £m of AGPI)4

4

>1

4

41.6410

47799
4 4
4 4
4 4
4 4

PLUS

Mathematical reserves (MR)

Band Width (£4 million of MR)

Fee10 (£/£m or part £m 4 of MR)

4

>1

4

0.8910

47799
4 4
4 4
4 4
4 4

A.5

Band Width (£4 million of Active Capacity (AC))

Fee10 ((£/£m or part £m4 of AC)

4

>50

4

0.009

4779
4 4
4 4
4 4
4 4

A.6

Flat levy

0.009

4779

A.7

For class 1(c),7(2)9, 9 (3) 9and (4) 9firms10:

79

Band Width (£4 million of Funds under Management (FuM))

Fee10 (£/£m of part £m4 of FuM)

4

>10

4

0.2210

47799
4 4
4 4
4 4
4 4

For class 1(B) firms: the fee calculated as for class 1(C) firms above, less 15%.

For class 1(A) firms: the fee calculated as for class 1(C) firms above, less 50%.

Class 1(A), (B) and (C) firms are defined in 11FEES 4 Annex 1A11

A.9

Band Width (£4 million of Gross Income (GI))

Fee10 (£/£m of part £m4 of GI)

4

>1

4

55.5510

47799
4 4
4 4
4 4
4 4

A.10

Band Width (no. of traders)

Fee104/trader)

>14

4

146.0010

47799
4 4
4 4
4 4
4 4

A.13

For class (2) firms

Band Width (£ thousands of annual income (AI))4

4

Fee (£/£ thousand or part £ thousand of AI)4

4

>1004

4

0.11210

47799
4 4
4 4
4 4
4 4

For a professional firm in A.13 the fee is calculated as above less 10%.

A.14

Band Width (£ thousands of annual income (AI))4

4

Fee (£/£ thousand or part £ thousand of AI)4

4

> 1004

4

0.04110

47799
4 4
4 4
4 4
4 4

A.18

Band Width (£4 thousands of Annual Income (AI))4

Fee10 ((£/£ thousand or part £4 thousand of AI)

4

>1004

4

0.3210

47799
4 4
4 4
4 4
4 4

A.19

Band Width (£4 thousands of Annual Income (AI))4

Fee10 (£/£ thousand or part £4 thousand of AI)

4

>1004

4

0.03810

47799
4 4
4 4
4 4
4 4

5A.21

Band Width (£ client money) (CM) held

Fee (£/£ millions or part £ million of CM)

less than £1 million7

7

2.6110

7799

an amount equal to or greater than £1 million but less than or equal to £1 billion

1.9610

7799

more than £1 billion7

7

1.3110

7799

PLUS

Safe custody assets

Band Width (£ safe custody assets) (CA) held

Fee (£/£ millions or part £ million of CA)

less than £10 million7

7

0.01010

7799

an amount equal to or greater than £10 million and less than or equal to £100 billion

0.00810

7799

more than £100 billion7

7

0.00510

7799

G.3

Minimum fee (£4)

10

£ thousands or part £ thousand of Relevant Income4

4

Fee (£/£thousand or part £ thousand of Relevant Income)4

4

>100

0.0382510

47799
4 4
4 4
4 4
4 4
4 4

G.4

Flat fee (£)4

4

104

G.10

Minimum fee (£4)

10

£ million or part £m4 of average outstanding electronic money (AOEM)

4

Fee (£/£m or part £m4 of AOEM)

4

> 5.0

11.6010

47799

G.11

Flat fee (£)4

4

1045

6CC.1

Minimum fee

£107

7

10£ thousand of annual income (AI)

8

Fee (£/£ thousand or part thousand of AI)8

>2508

0.379

89

6CC.2

Minimum fee (£)10

10107

7

10£ thousands of annual income (AI)10

Fee (£/£ thousand or part £ thousand of AI

>2507

7

0.377

7

Notes

(1) The definitions of fee-blocks G5 and G10 under Part 2 and Part 2A of FEES 4 Annex 11 are modified, for the purposes of FEES 7, so that they exclude the Bank of England, government departments, local authorities, municipal banks and the National Savings Bank.

(2) The definitions of those fee-blocks are further amended to exclude EEA and those which hold a .

(3) The tariff base for column 2 in activity group A.1:

for credit unions:

the total sterling value of all loans LESS total sterling value of any residential loans.

for banks and building societies:

the sterling value of all outstanding loans to individuals in the UK, excluding bridging loans and loans secured on dwellings and land.

The firm must include:

(a) any credit card lending;

(b) any charge card lending, even if the outstanding balance has to be paid off in full at the end of each charging period;

(c) any other loans and advances to individuals that are not bridging loans or secured on dwellings or land;

provided that the firm only includes data that it is required to include in entries 29DB3A3 and 29DB3A4 of Form BE (that is, the Additional Sectoral Details Return that is completed to provide information by banks and building societies to the Bank of England).

(4) The valuation date for column 2 in activity group A.1 is the 31 December before the start of the period to which the fee applies or, if earlier, the date of the valuation as disclosed by the Form BE or other annual return made in the calendar year prior to the 31 December.

(5) The tariff base for column 2 in activity group A.2 is the sterling value of any residential loans to individuals being the sum of gross unsecuritised and securitised balances (applying the definitions of Unsecuritised balances and Securitised balances set out in SECTION A: BALANCE SHEET of SUP 16 Annex 19B.

(6) The valuation date for column 2 in activity group A.2 is the 31 December before the start of the period to which the fee applies or, if earlier, the date of the valuation as disclosed by the annual return made in the calendar year prior to the 31 December.

Part 2

(1)

This Part sets out the minimum CFEB levy applicable to the firms specified in (3) below.

(2)

The minimum CFEB levy payable by any firm referred to in (3) is 10.

(3)

A firm is referred to in this paragraph if it falls within the following activity groups: A.1; A.2; A.3 (excluding UK ISPVs); A.4; A.5; A.7; A.9; A.10; A.12; A.13; A.14; A.18; A.19; G.3 and G.10.1

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