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Status: You are viewing the version of the handbook as on 2005-12-31.

SUP 20 Annex 2 Fee tariff rates, permitted deductions and EEA/Treaty firm modifications for the period from 1 April 2005 to 31 March 20065

R

Part 1

This table shows the tariff rates applicable to each fee block.

(1)

For each activity group specified in the table below, the fee is the total of the sums payable for each of the tariff bands applicable to the firm's business, calculated as follows:

(a)

the relevant minimum fee; plus

(b)

an additional fee calculated by multiplying the firm's tariff base by the appropriate rates applying to each tranche of the tariff base, as indicated.

(2)

A firm may apply the relevant tariff bases and rates to non-UK business, as well as to its UK business, if:

(a)

it has reasonable grounds for believing that the costs of identifying the firm's UK business separately from its non-UK business in the way described in Part 2 of SUP 20 Annex 1 R are disproportionate to the difference in fees payable; and

(b)

it notifies the FSA in writing at the same time as it provides the information concerned under SUP 20.3 (Information on which fees are calculated), or, if earlier, at the time it pays the fees concerned.

(3)

For a firm which has not complied with SUP 20.3.2 R (Information on which fees are calculated) for this period:

(a)

the fee is calculated using (where relevant) the valuation or valuations of business applicable to the previous period, multiplied by the factor of 1.10;

(b)

an additional administrative fee of £250 is payable; and

(c)

the minimum total fee (including the administrative fee in (b)) is £400.

Activity group

Fee payable

A.1

Minimum fee (£)

150

£ million of Modified Eligible Liabilities (MELs)

Fee (£/£m or part £m of MELS)

0 - 0.5

0

>0.5 - 2

additional flat-rate fee of £350

>2 - 10

additional flat-rate fee of £500

>10 - 200

31.61

>200 - 2,000

31.58

>2,000 - 10,000

31.53

>10,000 - 20,000

31.40

>20,000

31.15

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, the fee is calculated as above less 30%.

In addition, the fee specified below is payable by UKbanks and building societies. The wholesale depositors discount and permitted deductions in Part 2 of SUP 20 Annex 2 R do not apply to this fee.

Minimum fee (£m of MELs)

Fee (£)

if 0 - 2,000

0

if >2,000

4,000

£ million of MELs

Fee (£/£m or part £m of MELs)

0 - 5,000

0

>5,000 - 10,000

1.56

>10,000 - 20,000

1.42

>20,000

1.32

A.2

Minimum fee (£)

450

No. of mortgages

Fee (£/mortgage)

0 - 50

0

51 - 500

4.52

501 - 1,000

1.81

1,001 - 50,000

1.36

50,001 - 500,000

0.45

>500,000

0.09

A.3

Gross premium income (GPI)

Minimum fee (£)

400

£ million of GPI

Fee (£/£m or part £m of GPI)

0 - 0.5

0

>0.5 - 2

1,628.36

>2 - 5

1,505.79

>5 - 20

1,393.27

>20 - 75

440.87

>75 - 150

381.05

>150

53.21

PLUS

Gross technical liabilities (GTL)

Minimum fee (£)

0

£ million of GTL

Fee (£/£m or part £m of GTL)

0 - 1

0

>1 - 5

39.99

>5 - 50

37.05

>50 - 100

34.40

>100 - 1,000

10.82

>1,000

4.33

A.4

Adjusted annual gross premium income (AGPI)

Minimum fee (£)

200

£ million of AGPI

Fee (£/£m or part £m of AGPI)

0 - 1

0

>1 - 50

723.93

>50 - 1,000

674.90

>1,000 - 2,000

463.28

>2,000

318.07

PLUS

Mathematical reserves (MR)

Minimum fee (£)

200

£ million of MR

Fee (£/£m or part £m of MR)

0 - 1

0

>1 - 10

38.75

>10 - 100

35.48

>100 -1,000

24.02

>1,000 - 5,000

16.90

>5,000 - 15,000

13.13

>15,000

10.21

A.5

Minimum fee (£)

550

£ million of Active Capacity (AC)

Fee (£/£m or part £m of AC)

0 - 50

0

>50 - 150

97.87

>150 - 250

82.37

>250

24.15

A.6

£1,166,000

A.7

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

Minimum fee (£)

1,150

£ million of Funds under Management (FuM)

Fee (£/£m or part £m of FuM)

0 - 10

0

>10 - 100

59.24

>100 - 2,500

19.04

>2,500 - 10,000

10.61

>10,000

1.19

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%.

A.8

This activity group does not apply for this period.

A.9

Minimum fee (£)

1,800

£ million of Gross Income (GI)

Fee (£/£m or part £m of GI)

0 - 1

0

>1 - 5

1,397.35

>5 - 15

1,373.68

>15 - 40

1,360.03

>40

1,341.51

A.10

Minimum fee (£)

2,000

No. of traders

Fee (£/trader)

0 - 2

0

3 - 5

1,746

6 - 10

1,261

11 - 50

1,166

51 - 200

1,008

>200

813

In addition, the fee specified below is payable by UK domestic firms. The permitted deductions in Part 2 of SUP 20 Annex 2 R do not apply to this fee.

Minimum fee (No. of traders)

Fee (£)

if 0 - 100

0

if >100

2,000

No. of traders

Fee (£/trader)

0 - 125

0

126 - 250

80.50

>250

58.50

A.11

This activity group does not apply for this period.

A.12

Minimum fee (£)

1,680

No. of persons

Fee (£/person)

0 - 1

0

2 - 4

980

5 - 10

495

11 - 25

362

26 - 150

197

151 - 1,500

150

>1,500

100

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

A.13

For class (2) firms:

Minimum fee (£)

1,590

No. of persons

Fee (£/person)

0 - 1

0

2 - 4

867

5 - 10

835

11 - 25

801

26 - 500

736

501 - 4,000

678

>4000

640

For class (1) firms: £1,590

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

A.14

Minimum fee (£)

1,220

No. of persons

Fee (£/person)

0 - 1

0

2

1,195

3 - 4

1,117

5 - 10

1,028

11 - 100

975

101 - 200

683

>200

410

A.15

This activity group does not apply for this period.

A.16

0

A.17

This activity group does not apply for this period.

A.18

Minimum fee (?)

620

£ thousands of Annual Income (AI)

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

0 - 100

0

>100 - 1,000

5.73

>1,000 - 5,000

4.77

>5,000 - 10,000

3.82

>10,000 - 20,000

2.87

>20,000

2.39

A.19

Minimum fee (£)

400

£ thousands of Annual Income (AI)

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

0 - 100

0

>100 - 1,000

3.49

>1,000 - 5,000

3.05

>5,000 - 15,000

2.18

>15,000 - 100,000

0.87

>100,000

0.35

B. Market operators

£20,000

B. Service companies

Bloomberg LP

£31,500

EMX Co Ltd

£21,000

LIFFE Services Ltd

£21,000

Ofex plc

£51,500

OMGEO Ltd

£21,000

Reuters Ltd

£31,500

Swapswire Ltd

£21,000

Thomson Financial Ltd

£21,000

Part 2

This table shows the permitted deductions that apply:

Activity group

Nature of deduction

Amount of deduction

A.1

Financial penalties received

9.5% of the fee payable by the firm for the activity group (see Part 1)

A.3

Financial penalties received

8.5% of the fee payable by the firm for the activity group (see Part 1)

A.4

Financial penalties received

9.8% of the fee payable by the firm for the activity group (see Part 1)

A.5

Financial penalties received

8.5% of the fee payable by the firm for the activity group (see Part 1)

A.6

Financial penalties received

8.5% of the fee payable by the firm for the activity group (see Part 1)

A.7

Financial penalties received

10.6% of the fee payable by the firm for the activity group (see Part 1)

A.9

Financial penalties received

8.5% of the fee payable by the firm for the activity group (see Part 1)

A.10

Financial penalties received

14.3% of the fee payable by the firm for the activity group (see Part 1)

A.12

Financial penalties received

16.8% of the fee payable by the firm for the activity group (see Part 1)

A.13

Financial penalties received

10.4% of the fee payable by the firm for the activity group (see Part 1)

A.14

Financial penalties received

8.5% of the fee payable by the firm for the activity group (see Part 1)

E.

Financial penalties received

7.4% of the fee payable by the firm for the activity group (see Part 1)

Part 3

This table shows the modifications to fee tariffs that apply to incoming EEA firms and incoming Treaty firms.

Activity group

Percentage of tariff payable under Part 1 applicable to the firm subject to a minimum amount payable of £100 (unless specified below)

A.1

20% (for a firm operating on cross-border services basis only, 0% and the minimum sum is not applicable)

A.3

0% and the minimum sum is not applicable

A.4

75%

A.7 and A.9

95%

A.10, A.12, A.13 and A.19

90%