Source: https://www.handbook.fca.org.uk/handbook/FEES/7B/2.html?date=2019-04-01
Timestamp: 2019-10-19 12:05:20
Document Index: 684691506

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

FEES 7B.2 The DA levy - FCA Handbook
FEES 7B.2 The DA levy
Obligation to pay DA levy
FEES 7B.2.1R 01/03/2019
1A firm must pay the DA levy applicable to it:
by 1 August or, if later, within 30 days of the date of the invoice in the fee year to which that sum relates.
Calculation of DA levy
FEES 7B.2.2R 01/03/2019
1The DA levy is calculated as follows:
identify each of the activity groups set out in Part 1 of FEES 7B Annex 1R that apply to the business of the firm for the relevant period (for this purpose, the activity groups under FEES 7B Annex 1R are defined in that Annex or in accordance with Part 1 of FEES 4 Annex 1AR);
for each of those activity groups, calculate the amount payable in the way set out in FEES 7B.2.3R;
modify the result as indicated by the table in FEES 4.2.7ER, FEES 4.2.7FR, FEES 4.2.7GR, FEES 4.2.7HR, FEES 4.2.7IR, FEES 4.2.7JG and FEES 4.2.7KR (if applicable);
apply any applicable payment charge specified in FEES 4.2.4R to the amount in (4), provided that:
make the calculations using information obtained in accordance with Part 3 of FEES 7B Annex 1R in the case of Part 2 of that Annex.
FEES 7B.2.3R 01/03/2019
the tariff base calculations in Part 2 of FEES 7B Annex 1R; and
the valuation date requirements in Part 3 of FEES 7B Annex 1R;
the amount payable in (1) is the amount payable by the firm with respect to that activity group.
FEES 7B.2.4R 01/03/2019
1For the purposes of FEES 7B.2.3R:
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 FEES 7B Annex 1R are disproportionate to the difference in fees payable; and
for a firm which has not complied with FEES 4.4.2R (information on which fees are calculated) or FEES 4.4.8D (Information relating to payment services and the issuance of electronic money) for this period, the DA levy is calculated using (where relevant) the valuation or valuations of business applicable to the previous period, multiplied by the factor of 1.10.
FEES 4 rules incorporated into FEES 7B by cross-reference
FEES 7B.2.5G 01/03/2019
1The FCA Handbook provisions relating to the DA levy are meant to follow closely the provisions relating to the payment of periodic fees under FEES 4.3.1R. In the interests of brevity, not all of these provisions are set out again in FEES 7B. In some cases, certain FEES 4 rules are applied to the payment of the DA levy by individual rules in FEES 7B. The rest are set out in the table in FEES 7B.2.7R.
FEES 7B.2.6R 01/03/2019
1The rules set out in the table in FEES 7B.2.7R, and any other rules in FEES 4 included in FEES 7B by cross-reference, apply to the DA levy in the same way as they apply to periodic fees payable under FEES 4.3.1R.
FEES 7B.2.7R 01/03/2019
1Table of rules in FEES 4 that also apply to FEES 7B to the extent that in FEES 4 they apply to fees payable to the FCA
FEES 4 rules incorporated into FEES 7B
FEES 7B.2.8D 01/03/2019
1FEES 4.4.7D to FEES 4.4.9D (Information relating to payment services and the issuance of electronic money) also apply to FEES 7B.
FEES 7B.2.9G 01/03/2019
1References in a FEES 4 rule incorporated into FEES 7B by cross-reference to a periodic fee should be read as being to the DA levy. References in a FEES 4 rule incorporated into FEES 7B to market operators, service companies, MTF operators, investment exchanges, or designated professional bodies should be disregarded.
FEES 7B.2.10G 01/03/2019
1In some cases, a FEES 4 rule incorporated into FEES 7B in the manner set out in FEES 7B.2.5G will refer to another rule in FEES 4 that has not been individually incorporated into FEES 7B. Such a reference should be read as being to the corresponding provision in FEES 7B. The main examples are set out in FEES 7B.2.11G.
FEES 7B.2.11G 01/03/2019
1Table of FEES 4 rules that correspond to FEES 7B rules
Corresponding FEES 7B rules
FEES 7B.2.1R
FEES 7B.2.2R