Source: https://www.handbook.fca.org.uk/handbook/FEES/7/Annex2.html?date=2018-08-15
Timestamp: 2019-09-15 15:58:16
Document Index: 721060111

Matched Legal Cases: ['art 1', 'art 1', 'art 3', 'art 3', 'art 2', 'art 1']

FEES 7 Annex 2 Debt advice CFEB levy for the period from 1 April 2018 to 31 March 2019 - FCA Handbook
FEES 7 Annex 2 Debt advice CFEB levy for the perio...
1This table shows how the FCA links the regulated activities for which a firm has permission to activity groups (fee-blocks). A firm can use the table to identify which fee-blocks it falls into based on its permission for the purposes of the debt advice CFEB levy applicable to each activity group (fee-block).
Debt advice CFEB levy payer falls in the activity group if:
A.2 Home finance providers and administrators
It falls under activity group A.2 as defined in Part 1 of FEES 4 Annex 1AR.
CC.3 Consumer credit lending
Its permission is in relation to the following regulated activities:
-	entering into a regulated credit agreement as lender (article 60B(1) of the Regulated Activities Order);
-	exercising, or having the right to exercise, the lender’s rights and duties under a regulated credit agreement (article 60B(2) of the Regulated Activities Order);
which is carried on by way of business and relates to the following specified investments:
(a) a regulated credit agreement (excluding high-cost short-term credit, a home credit loan agreement and a bill of sale loan agreement);
(b) high-cost short-term credit;
(c) a home credit loan agreement;
(d) a bill of sale loan agreement.
This table indicates the tariff base for each fee-block set out in Part 1. The tariff base in this Part is the means by which the FCA measures the amount of business conducted by a firm for the purposes of calculating the debt advice CFEB levy payable to the FCA by that firm.
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 19BG.)
Value of lending in column A of data item CCR003 reported by firms under SUP 16 Annex 38AR, being the sum of data elements entered in rows:
- 1 Debt purchasing;
- 2 Hire purchase/conditional sale agreements;
- 3 Home credit loan agreements;
- 4 Bill of sale loan agreements;
- 5 Pawnbroking;
- 6 High-cost short-term credit;
- 11 Overdrafts;
- 12 Other running-account credit; and
- 8 Other lending
(1) The tariff base for authorised professional firms that do not submit data item CCR003 under SUP 16 Annex 38AR is the same as set out above and should be reported to the FCA as required by FEES 4.4.1R and FEES 4.4.2R. The valuation date is in accordance with the CC.3 valuation date in Part 3.
(2) The tariff base for an incoming EEA firm or an incoming Treaty firm is the same as set out above but limited to the regulated activities of the firm which are carried out in the United Kingdom, except those provided on a cross border services basis, and should be reported to the FCA as required by FEES 4.4.1R and FEES 4.4.2R. The valuation date is in accordance with the CC.3 valuation date in Part 3.
This table indicates the valuation date for each fee-block. A firm can calculate its tariff data in respect of the debt advice CFEB levy payable to the FCA by that firm.
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.
Value of lending under Part 2 valued at the firm’s accounting reference date in the calendar year ending 31 December occurring before the start of the period to which the debt advice CFEB levy applies.
This table shows the tariff rates applicable to each of the fee-blocks set out in Part 1.
Debt advice CFEB levy payable
Band width (£million of secured debt)
Fee (£/£m or part £m of secured debt)
Band width (£million of value of lending)
>0 (Note 1)
Fee (£/£m or part £m of value of lending)
109.962
(1) Credit unions and community finance organisations do not pay any debt advice CFEB levy on the first £2,000,000 of value of lending.