Source: https://www.handbook.fca.org.uk/handbook/FEES/4/Annex2.html?date=2009-03-31
Timestamp: 2019-07-24 09:29:29
Document Index: 778728635

Matched Legal Cases: ['art 4', 'art 4', 'art 4', 'art 4', 'art 1', 'art 1', 'art 1', 'art 1', 'art 1', 'art 1', 'art 3']

FEES 4 Annex 2 Fee tariff rates, permitted deductions and EEA/Treaty firm modifications for the period from 1 April 2008 to 31 March 2009 - FCA Handbook
FEES 4 Annex 2 13Fee tariff rates, permitted deductions and EEA/Treaty firm modifications for the period from 1 April 2008 to 31 March 2009
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:
the relevant minimum fee; plus
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.
the minimum total fee (including the administrative fee in (b)) is £430.6
million of Modified Eligible Liabilities (MELs)
Fee (/m or part m of MELS)
>0.5 - 2
additional flat fee of 3806
>2 -10
additional flat fee of 5306
>10 - 200
>200 - 2,000
>2,000 - 10,000
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%.
Fee (/mortgage)
1,001 - 50,000
million of GPI
Fee (/m or part m of GPI)
2,134.956
1,983.756
1,860.846
>20 - 75
519.316
million of GTL
Fee (/m or part m of GTL)
>100 - 1,000
7Solvency 2 Special Project Fee (the Solvency 2 fee)
7Minimum fee ()
7There is only a single tariff band.
The fee is calculated in accordance with Part 4 of this Annex. The percentage for this fee block (by which periodic fees are multiplied as described in Part 4) is 3.2%.
For UK ISPV's the tariff rates are not relevant and a flat fee of 4306is payable in respect of the period 1 April 2008 to 31 March 2009.6
million of AGPI
Fee (/m or part m of AGPI)
>1 - 50
>50 - 1,000
594.676
>1,000 - 2,000
million of MR
Fee (/m or part m of MR)
>5,000 - 15,000
7Solvency 2 Special Project Fee (Solvency 2 fee)
The fee is calculated in accordance with Part 4 of this Annex. The percentage for this fee block (by which periodic fees are multiplied as described in Part 4) is 1.41%.
For UK ISPV's the tariff rates are not relevant and a flat fee of 4306is payable in respect of the period 1 April 2008 6to 31 March 2009.6
million of Active Capacity (AC)
Fee (/m or part m of AC)
Flat Fee ()6
1,284,7256
million of Funds under Management (FuM)
Fee (/m or part m of FuM)
>100 - 2,500
>2,500 - 10,000
million of Gross Income (GI)
Fee (/m or part m of GI)
828.576
>15 - 40
Fee (/trader)
2,564.006
1,852.006
1,712.006
1,482.006
1,196.006
Fee (/person)
1,125.006
570.006
1,002.006
For class (1) firms: 1,8506
1,335.006
1,258.006
1,194.006
1,098.006
1,042.006
This activity group does not apply for this period.6
thousands of Annual Income (AI)
Fee (/ thousand or part thousand of AI)
>5,000 - 10,000
>15,000 - 100,000
37,0006
27,0006
[row deleted]6
This table shows the permitted deductions that apply
1.4%6 of the fee payable by the firm for the activity group (see Part 1)
1.4%6 of the fee payable by the firm for the activity group (see Part 1). The deduction does not apply to any Solvency 2 fee (as defined in Part 1)7
1.4%6 of the fee payable by the firm for then activity group (see Part 1)
This table shows the calculation of the Solvency 2 fee for firms falling into fee block A.3 or A.4
The Solvency 2 fee forms part of the periodic fee payable under fee block A.3 and A.4 (the insurance fee blocks).
The Solvency 2 fee is only payable by a firm if:
it was in one or both of the insurance fee blocks at the start of the financial year 2008/9;
FEES 4.3.13 R (Firms Applying to Cancel or Vary Permission Before Start of Period) does not apply with respect to the fee block in (a); and
it has not notified the FSA before the start of the financial year 2008/9 that it intends to migrate out of the United Kingdom for regulatory purposes before the proposed Solvency II Directive is implemented.
The Solvency 2 fee is payable by the top ten firms in the list of firms that fall into (2). A firm's ranking in this list is measured by reference to the amount of the periodic fees payable by it under FEES 4.3 in respect of the financial year 2007/8with respect to the insurance fee blocks.
The fee for a particular insurance fee blockis calculated by multiplying the periodic fee payable by the firm with respect to that fee block (ignoring the Solvency 2 fee) by the percentage specified in Part 1.
The total Solvency 2 fee payable by a firm (taking into account amounts payable under both insurance fee blocks) is capped at 50,000.
For the purpose of (3) firms falling into (2) that are in the same group at the start of the financial year 2008/9 must be treated as a single firm, so that the total number of firms liable to pay the Solvency 2 fee may be greater than 20.8
Where (6) applies, the Solvency 2 fee payable by the firms in the group concerned for a particular insurance fee block is calculated by multiplying the total amount of the periodic fees payable by those firms with respect to that fee block (ignoring the Solvency 2 fee) by the percentage specified in Part 1. All those firms are liable jointly and severally to pay the Solvency 2 fee. No incoming EEA firm or incoming Treaty firm that has established a branch in the UK is liable to pay any such joint fee.
Where (7) applies, (5) is applied to the group as a whole so that the total joint Solvency 2 fee payable by the group is capped at 50,000.
The definition of a group is restricted for the purpose of calculating the Solvency 2 fee to parent undertakings and their subsidiary undertakings.
In calculating the fee to which the percentage in (4) or (7) is applied, no account is taken of any change in the fee that takes place after the Solvency 2 fee has been billed.
The Solvency 2 fee is not reduced under the table in FEES 4.2.6 R (Modifications for persons becoming subject to periodic fees during the course of a financial year). Instead the fee to which the percentage in (4) or (7) is applied takes account of any reduction under that table. The same applies for the reductions in Part 3 of this Annex (Modifications to fee tariffs that apply to incoming EEA firms and incoming Treaty firms).