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  2. Point in time
    2019-06-28

FEES TP 7 Transitional provisions relating to changes to the FSCS levy arrangements taking effect in 2013/14

7.13

R

1As at 31 March 2013, the FSCS must:

(1)

allocate any surplus or deficit in the balance of an FSA4 activity group in respect of base costs, to the account of the corresponding FCA activity group as listed in FEES 4 Annex 1A R as at 1 April 2013; and

(2)

take that surplus or deficit (so allocated) into account when calculating the amount to be levied under FEES 6.4.5 R in respect of the financial year of the compensation scheme3 commencing on 1 April 2013.

27.23

R

For the purpose of FEES 6.5A.6 R, 'FEES 4 Annex 1A R' must be read as 'FEES 4 Annex 1 R' (as it was in force immediately before 1 April 2013) until the regulatory costs arising from the activity group in FEES 4 Annex 1A R have been determined. The FSCS may recalculate the liabilities once the regulatory costs arising from the activity group in FEES 4 Annex 1A R have been determined and credit or debit participant firms as appropriate.