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corporate plan and 2010/11 budget

January 2010

annex B
compulsory jurisdiction - provisional levy 2010/11

These are provisional figures, which are expected to form part of a separate consultation by the FSA in January 2010.

industry block 1

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

  • tariff basis is per relevant account
  • proposed tariff rate - 0.0278
  • 2009/10 tariff rate - 0.027
  • proposed minimum levy per firm - £100
  • proposed total - £7,261,000
  • 2009/10 total - £7,273,594
  • proposed contributions by block - 41.0%
  • contribution by block for 2009/10 - 41.0%

industry block 2

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

  • tariff basis is per £1,000 of relevant annual gross premium income
  • proposed tariff rate - 0.103
  • 2009/10 tariff rate - 0.126
  • proposed minimum levy per firm - £100
  • proposed total - £2,480,000
  • 2009/10 total - £3,130,688
  • proposed contributions by block - 14.1%
  • contribution by block for 2009/10 - 17.7%

industry block 3

the Society of Lloyd's

  • tariff basis - n/a
  • proposed tariff rate - n/a
  • 2009/10 tariff rate - n/a
  • proposed minimum levy per firm - n/a
  • proposed total - £20,000
  • 2009/10 total - £28,000
  • proposed contributions by block - 0.1%
  • contribution by block for 2009/10 - 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 £1,000 of relevant adjusted annual gross premium income
  • proposed tariff rate - 0.025
  • 2009/10 tariff rate - 0.028
  • proposed minimum levy per firm - £100
  • proposed total - £1,594,300
  • 2009/10 total - £1,781,063
  • proposed contributions by block - 9.0%
  • contribution by block for 2009/10 - 10.1%

industry block 5

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

  • tariff basis is flat fee
  • proposed tariff rate - 0
  • 2009/10 tariff rate - 0
  • proposed minimum levy per firm - £200
  • proposed total - £177,000
  • 2009/10 total - £180,000
  • proposed contributions by block - 1.0%
  • contribution by block for 2009/10 - 1.0%

industry block 6

operators, trustees and depositaries of collective investment schemes

  • tariff basis - flat fee
  • proposed tariff rate - 0
  • 2009/10 tariff rate - 0
  • proposed minimum levy per firm - £50
  • proposed total - £20,000
  • 2009/10 total - £20,000
  • proposed contributions by block - 0.1%
  • contribution by block for 2009/10 - 0.1%

industry block 7

dealers as principal

  • tariff basis - flat fee
  • proposed tariff rate - 0
  • 2009/10 tariff rate - 0
  • proposed minimum levy per firm - £50
  • proposed total - £14,000
  • 2009/10 total - £14.000
  • proposed contributions by block - 0.1%
  • contribution by block for 2009/10 - 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 - 35
  • 2009/10 tariff rate - 45
  • proposed minimum levy per firm - £35
  • proposed total - £923,000
  • 2009/10 total - £990,094
  • proposed contributions by block - 5.2%
  • contribution by block for 2009/10 - 5.6%

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 -35
  • 2009/10 tariff rate - 40
  • proposed minimum levy per firm - £35
  • proposed total - £923,000
  • 2009/10 total - £990,094
  • proposed contributions by block - 5.2%
  • contribution by block for 2009/10 - 5.6%

industry block 10

corporate finance advisers

  • tariff basis - flat fee
  • proposed tariff rate - 0
  • 2009/10 tariff rate - 0
  • proposed minimum levy per firm - £50
  • proposed total - £14,000
  • 2009/10 total - £14,000
  • proposed contributions by block - 0.1%
  • contribution by block for 2009/10 - 0.1%

industry block 11

fee-paying payment service providers (but excluding firms in any other industry block)

  • tariff basis - flat fee
  • proposed tariff rate - 0
  • 2009/10 tariff rate - 0
  • proposed minimum levy per firm - £75
  • proposed total - £2,000
  • 2009/10 total - £0
  • proposed contributions by block - 0%
  • contribution by block for 2009/10 - 0%

industry block 13

cash-plan health providers

  • tariff basis - flat fee
  • proposed tariff rate - 0
  • 2009/10 tariff rate - 0
  • proposed minimum levy per firm - £50
  • proposed total - £600
  • 2009/10 total - £600
  • proposed contributions by block - 0%
  • contribution by block for 2009/10 - 0%

industry block 14

credit unions

  • tariff basis - flat fee
  • proposed tariff rate - 0
  • 2009/10 tariff rate - 0
  • proposed minimum levy per firm - £50
  • proposed total - £24,000
  • 2009/10 total - £24,000
  • proposed contributions by block - 0.1%
  • contribution by block for 2009/10 - 0.1%

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
  • 2009/10 tariff rate - 0
  • proposed minimum levy per firm - £50
  • proposed total - £3,700
  • 2009/10 total - £3,500
  • proposed contributions by block - 0%
  • contribution by block for 2009/10 - 0%

industry block 16

mortgage lenders, advisers and arrangers

  • tariff basis - flat fee
  • proposed tariff rate - 0
  • 2009/10 tariff rate - 0
  • proposed minimum levy per firm - £70
  • proposed total - £531,000
  • 2009/10 total - £470,156
  • proposed contributions by block - 3.0%
  • contribution by block for 2009/10 - 2.7%

industry block 17

general insurance mediation

  • tariff basis - per £1,000 relevant commission income
  • proposed tariff rate - 0.25
  • 2009/10 tariff rate - 0.175
  • proposed minimum levy per firm - £85
  • proposed total - £3,712,400
  • 2009/10 total - £2,780,313
  • proposed contributions by block - 21.0%
  • contribution by block for 2009/10 - 15.7%

total - all blocks

  • proposed total - £17,700,000
  • 2009/10 total - £17,700,102