Part

Fees

Chapter

Periodic Fees Schedule – Fee Rates and EEA/Treaty Firm Modifications for the Period from 1 March 2016 to 28 February 2017

Printed on: 06/11/2024

Rulebook at: 19/12/2016

Periodic Fees Schedule – Fee Rates and EEA/Treaty Firm Modifications for the Period from 1 March 2016 to 28 February 2017

TABLE 1 MINIMUM PERIODIC FEES RATES

Fee payer

Fee payable (£)

Credit unions with MELs under £2.0 million:

With modified eligible liabilities of 0 – 0.5 million 80.00
With modified eligible liabilities greater than 0.5million and less than 2.0 million 270.00

Non-directive friendly societies which either:

  1. (1) fall within the A3, but not the A4, fee block and have, in relation to their A3 activities, gross premium income of 0 - £0.5million and gross technical liabilities of 0- £1.0million; or
  2. (2) fall within the A4, but not the A3, fee block and have, in relation to their A4 activities, adjusted gross premium income of 0-£1.0 million and hold 0-£1.0million of mathematical reserves for fees purposes; or
  3. (3) fall within both the A3 and A4 fee blocks and meet condition (1) above in relation to their A3 activities and condition (2) above in relation to their A4 activities.
 215.00
All other firms 500.00
  • 30/06/2016

TABLE II - TRANSITION COSTS ALLOCATION

Fee payer

Tariff base for allocations to firms

All firms, except those paying only the minimum fee and insurance special purpose vehicles. Total periodic fees, excluding minimum fees, payable by the firm multiplied by 0.0627.
  • 30/06/2016

TABLE III – PERIODIC FEE RATES APPLICABLE TO PRA FEE BLOCKS OTHER THAN THE MINIMUM AND TRANSITION COSTS FEE BLOCKS

Column 1
Fee block		Column 2
Tariff base		Column 3
Tariff bands		Column 4
Tariff rates
A1 deposit acceptors fee blockmodified eligible liabilitiesBand width (£million of MELs)Fee payable per million or part million of MELs(£)
>10 - 140 36.66
>140 – 630 36.66
>630 - 1,580 36.66
>1,580 - 13,400 45.83
> 13,400 60.49
A3 general insurers fee block
gross premium income
+ gross technical liabilities 		gross premium income (GPI)Band width (£million of GPI)Fee payable per million of GPI (£)
>0.5 541.25
gross technical liabilities (GTL)Band Width (£ million of GTL)Fee payable per million of GTL (£)
>1 30.30
For UK ISPVs the tariff rates are not relevant and a flat fee of £430.00 is payable in respect of each fee year.
A4 Life insurers fee block
adjusted gross annual income (AGPI)
+mathematical reserves 		adjusted gross annual premium income (AGPI) Band width (£million of AGPI)Fee payable per million of AGPI (£)
>1 546.20
mathematical reserves Band width (£million of mathematical reserves for fees purposes)Fee per million or part million of mathematical reserves for fees purposes (£)
>1 11.57
A5 managing agents at Lloyd’s active capacity Band width (£million of active capacity)Fee per million of active capacity (£)
>50 57.15
A6 Society of Lloyd’sflat fee N/A General periodic fee (£)
1,795,750.10
A10 Firms dealing as principal fee blockfee per trader Fee (£ per trader) 5,537.00
  • 30/06/2016

TABLE IV – MODIFICATIONS TO PERIODIC FEES FOR INCOMING EEA FIRMS AND INCOMING TREATY FIRMS WITH BRANCHES IN THE UK

Fee payer

Discount applied to periodic fees

A1 deposit acceptors fee block 50%
A3 general insurers fee block 90%
A4 life insurers fee block 90%
PT1 transition costs fee block 100%
Incoming EEA firms and incoming Treaty firms offering cross border services only 100%
  • 30/06/2016

TABLE V – MODIFICATIONS TO PERIODIC FEES FOR NON-DIRECTIVE FIRMS IN THE A3 AND A4 FEE BLOCKS

Fee payer

Discount applied to periodic fees

A3 general insurers fee block 11%
A4 life insurers fee block 11%
  • 30/06/2016