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