skip tocontent

corporate plan and 2007/08 budget

January 2007

annex A
compulsory jurisdiction - provisional levy 2007/08

PDF version of the compulsory jurisdiction - provisional levy table [opens in new window]

These are provisional figures which are expected to form part of a separate consultation by the FSA in January 2007.

industry block 1

deposit acceptors, mortgage lenders and administrators (excluding firms in block 14)

  • tariff basis is per relevant account
  • proposed tariff rate - 0.009
  • 2006/07 tariff rate - 0.0059
  • proposed minimum levy per firm - £100
  • proposed total - £2,516,241
  • 2006/07 total - £1,579,296
  • proposed contributions by block - 13.8%
  • contribution by block for 2006/07 - 10.0%

industry block 2

firms that undertake insurance activities subject to prudential regulation only (excluding firms in blocks 13 & 15)

  • tariff basis is per £1000 of relevant annual gross premium income
  • proposed tariff rate - 0.065
  • 2006/07 tariff rate - 0.055
  • proposed minimum levy per firm - £100
  • proposed total - £1,646,764
  • 2006/07 total - £1,403,530
  • proposed contributions by block - 9.0%
  • contribution by block - 8.9%

industry block 3

Society of Lloyd's

  • tariff basis - n/a
  • proposed tariff rate - n/a
  • 2006/07 tariff rate - n/a
  • proposed minimum levy per firm - n/a
  • proposed total - £28,000
  • 2006/07 total - £28,000
  • proposed contribution by block - 0.1%
  • contribution by block for 2006/07 - 0.2%

industry block 4

firms that undertake insurance activities subject to both prudential and conduct of business regulation (long term life insurers) (excluding firms in block 15)

  • tariff basis is per £1000 of relevant adjusted annual gross premium income
  • proposed tariff rate - 0.142
  • 2006/07 tariff rate - 0.124
  • proposed minimum levy per firm - £100
  • proposed total - £7,075,924
  • 2006/07 total - £5,596,540
  • proposed contributions by block - 38.7%
  • contribution by block for 2006/07 - 35.5%

industry block 5

fund managers (including those holding client money/assets and not holding client money/assets)

  • tariff basis is per £1000 relevant funds under management
  • proposed tariff rate - 0.0005
  • 2006/07 tariff rate - 0.0007
  • proposed minimum levy per firm - £100
  • proposed total - £356,881
  • 2006/07 total - £495,325
  • proposed contributions by block - 2.0%
  • contribution by block for 2006/07 - 3.1%

industry block 6

operators, trustees and depositaries of collective investment schemes

  • tariff basis - flat fee
  • proposed tariff rate - 0
  • 2006/07 tariff rate - 0
  • proposed minimum levy per firm - £75
  • proposed total - £16,750
  • 2006/07 total - £36,225
  • proposed contributions by block - 0.1%
  • contribution by block for 2006/07 - 0.2%

industry block 7

dealers as principal

  • tariff basis - flat fee
  • proposed tariff rate - 0
  • 2006/07 tariff rate - 0
  • proposed minimum levy per firm - £50
  • proposed total - £13,850
  • 2006/07 total - £25,500
  • proposed contributions by block - 0.1%
  • contribution by block for 2006/07 - 0.1%

industry block 8

advisory arrangers, dealers or brokers holding and controlling client money and/or assets

  • tariff basis is per relevant approved person
  • proposed tariff rate - 150
  • 2006/07 tariff rate - 160
  • proposed minimum levy per firm - £150
  • proposed total - £3,822,600
  • 2006/07 total - £3,982,800
  • proposed contributions by block - 20.9%
  • contribution by block for 2006/07 - 25.3%

industry block 9

advisory arrangers, dealers or brokers not holding and controlling client money and/or assets

  • tariff basis is per relevant approved person
  • proposed tariff rate - 50
  • 2006/07 tariff rate - 45
  • proposed minimum levy per firm - £50
  • proposed total - £1,503,000
  • 2006/07 total - £1,267,300
  • proposed contributions by block - 8.2%
  • contribution by block for 2006/07 - 8.0%

industry block 10

corporate finance advisors

  • tariff basis - flat fee
  • proposed tariff rate - 0
  • 2006/07 tariff rate - 0
  • proposed minimum levy per firm - £50
  • proposed total - £26,000
  • 2006/07 total - £50,500
  • proposed contributions by block - 0.1%
  • contribution by block for 2006/07 - 0.3%

industry block 13

cash plan health providers

  • tariff basis - flat fee
  • proposed tariff rate - 0
  • 2006/07 tariff rate - 0
  • proposed minimum levy per firm - £50
  • proposed total - £600
  • 2006/07 total - £850
  • proposed contributions by block - 0.0%
  • contribution by block for 2006/07 - 0.0%

industry block 14

credit unions

  • tariff basis - flat fee
  • proposed tariff rate - 0
  • 2006/07 tariff rate - 0
  • proposed minimum levy per firm - £50
  • proposed total - £27,550
  • 2006/07 total - £28,100
  • proposed contributions by block - 0.2%
  • contribution by block for 2006/07 - 0.2%

industry block 15

friendly societies whose tax exempt business represents 95% or more of their total relevant business

  • tariff basis - flat fee
  • proposed tariff rate - 0
  • 2006/07 tariff rate - 0
  • proposed minimum levy per firm - £50
  • proposed total - £4,550
  • 2006/07 total - £7,200
  • proposed contributions by block - 0.0%
  • contribution by block for 2006/07 - 0.0%

industry block 16

mortgage lenders, advisers and arrangers

  • tariff basis - flat fee
  • proposed tariff rate - 0
  • 2006/07 tariff rate - 0
  • proposed minimum levy per firm - £50
  • proposed total - £367,250
  • 2006/07 total - £365,600
  • proposed contributions by block - 2.0%
  • contribution by block for 2006/07 - 2.3%

industry block 17

general insurance mediation

  • tariff basis - flat fee
  • proposed tariff rate - 0
  • 2006/07 tariff rate - 0
  • proposed minimum levy per firm - £50
  • proposed total - £873,900
  • 2006/07 total - £937,300
  • proposed contributions by block - 4.8%
  • contribution by block for 2006/07 - 5.9%

total - all blocks

  • proposed total - £18,279,860
  • 2006/07 total - £15,804,066
image of plan and budget 2007

For printed copies of this or any of our publications, email Aniko Rostagni in our communications team or phone her on 020 7964 0092.