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Status: You are viewing the version of the handbook as on 2012-01-07.

FEES 7 Annex 1 CFEB levies for the period from 1 April 2011 to 31 March 2012

Part 1

R

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

Activity Group

CFEB levy payable

A.1

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

Fixed sum (/m or part m of MELs)

> 10 - 140

5.011

1

> 140 - 630

5.011

1

>630 -1,580

5.011

1

>1,580 - 13,400

5.011

1

>13,400

5.011

1

Note 1

For a firm in A.1 which has a limitation on its permission to the effect that it may accept deposits from wholesale depositors only, this levy is calculated as above less 30%.

A.2

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

Fixed sum (/mortgage)

>50 - 130

0.1421

1

>130 - 320

0.1421

1

>320 - 4,570

0.1421

1

>4, 570 - 37,500

0.1421

1

> 37,500

0.1421

1

A.3

Gross premium income (GPI)

Band Width ( million of GPI)

Fixed sum (/m or part m of GPI)

>0.5 - 10.5

55.741

1

>10.5 -30

55.741

1

>30 - 245

55.741

1

>245 - 1, 900

55.741

1

>1,900

55.741

1

PLUS

Gross technical liabilities (GTL)

Band Width ( million of GTL)

Fixed sum (/m or part m of GTL)

>1 - 12.5

3.011

1

>12.5 - 70

3.011

1

>70 - 384

3.011

1

>384 - 3,750

3.011

1

>3,750

3.011

1

A.4

Adjusted annual gross premium income (AGPI)

Band Width ( million of AGPI)

Fixed sum (/m or part m of AGPI)

>1 - 5

72.651

1

>5 - 40

72.651

1

>40 - 260

72.651

1

>260 - 4,000

72.651

1

>4,000

72.651

1

PLUS

Mathematical reserves (MR)

Band Width ( million of MR)

Fixed sum (/m or part m of MR)

>1 - 20

1.571

1

>20 - 270

1.571

1

>270 - 7,000

1.571

1

>7,000 - 45,000

1.571

1

>45,000

1.571

1

A.5

Band Width ( million of Active Capacity (AC))

Fixed sum (/m or part m of AC)

>50 - 150

5.631

1

>150 - 250

5.631

1

>250 - 500

5.631

1

>500 - 1,000

5.631

1

>1,000

5.631

1

A.6

Flat levy

159,941.901

1

A.7

For class 1(C), (2) and (3) firms:

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

Fixed sum (/m or part m of FuM)

>10 - 150

0.791

1

>150 - 2,800

0.791

1

>2,800 - 17,500

0.791

1

>17,500 - 100,000

0.791

1

>100,000

0.791

1

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 FEES 4 Annex 1

A.9

Band Width ( million of Gross Income (GI))

Fixed sum (/m or part m of GI)

>1 - 4.5

83.731

1

>4.5 - 17

83.731

1

>17 - 145

83.731

1

>145 - 50

83.731

1

>750

83.731

1

A.10

Band Width (no. of traders)

Fixed sum (/trader)

2 - 3

318.751

1

4 - 5

318.751

1

6 - 30

318.751

1

31 - 180

318.751

1

>180

318.751

1

A.12

Band Width (no. of persons)

Fixed sum (/person)

2 - 5

43.131

1

6 - 35

43.131

1

36 - 175

43.131

1

176 - 1,600

43.131

1

>1,600

43.131

1

For a professional firm in A.12 the fee is calculated as above less 10%.

A.13

For class (2) firms

Band Width (no. of persons)

Fixed sum (/person)

2 - 3

160.791

1

4 - 30

160.791

1

31 - 300

160.791

1

301 - 2,000

160.791

1

>2,000

160.791

1

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

A.14

Band Width (no. of persons)

Fixed sum (/person)

2 - 4

126.341

1

5 - 25

126.341

1

26 - 80

126.341

1

81 - 199

126.341

1

>199

126.341

1

A.18

Band Width ( thousands of Annual Income (AI))

Fixed sum (/ thousand or part thousand of AI)

>100 - 180

1.361

1

>180 - 1,000

1.361

1

>1,000 - 12,500

1.361

1

>12,500 - 50,000

1.361

1

>50,000

1.361

1

A.19

Band Width ( thousands of Annual Income (AI))

Fixed sum (/ thousand or part thousand of AI)

>100 - 325

0.2561

1

325 - 10,000

0.2561

1

10,000 - 50,750

0.2561

1

50,750 - 250,000

0.2561

1

>250,000

0.2561

1

1G.3

thousands or part thousand of Relevant Income

Fee (/thousand or part thousand of Relevant Income)

>100

0.04787

>250

0.04787

>1,000

0.04787

>10,000

0.04787

>50,000

0.04787

>500,000

0.04787

1G.4

A flat fee of 10

1G.10

million or part m of average outstanding electronic money (AOEM)

Fee (/m or part m of AOEM)

> 5.0

12.00

1G.11

A flat fee of 10

1Notes

1(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.

1(2) The definitions of those fee-blocks are further amended to exclude EEA firms and those firms which hold a Part IV permission.

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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