Fee tariff data
Contact
FSA Revenue Dept., 25 The North Colonnade, Canary Wharf, London E14 5HS
Or email:
The Fees Team
These guidance notes will help you complete the fee tariff forms correctly. They also explain the tariff base and administrative issues you need to consider.
If you have more questions contact us on 0845 606 9966, write to us at FSA Revenue Dept., 25 The North Colonnade, Canary Wharf, London E14 5HS or email feetariffreturns@fsa.gov.uk.
Because of the new Financial Services Compensation Scheme (FSCS) funding arrangements being introduced on 1 April 2008, we have provided separate guidance for each of the new sub-classes below. Please review the guidance for each fee-block and sub-class that we have asked you to give us data for.
Please note: New firms applying for authorisation or firms varying their permissions between 01 January 2008 – 31 March 2008 will need still need to report data based on the 2007/08 tariff bases. Please download the 2007/08 guidance and provide the relevant tariff data as requested within your application pack or variation of permission form.
| Fee Block | FOS Industry Block | Subject |
|---|---|---|
| A1 | I001 | Deposit acceptors |
| A2 | I001 | Home Finance providers and administrators |
| I002 | General insurers | |
| I004 | Life insurers | |
| I005 | Fund managers | |
| I006 | Operators, trustees and depositories of collective investment schemes | |
| A10 | I007 | Firms Dealing as principal in investments |
| A12 | I008 | Advisory arrangers, dealers or brokers (holding or controlling client money and/or assets) |
| A13 | I009 | Advisory arrangers, dealers or brokers (NOT holding or controlling client money and/or assets) |
| A14 | I010 | Corporate finance advisors |
| A18 | I016 | Home Finance advisors and arrangers |
| A19 | I017 | General insurance intermediaries |
FSCS
From 1 April 2008 a new FSCS model will operate, in the new model, most firms will not see a change to the underlying tariff data we ask you to report for calculating compensation and associated specific costs levy. Although in some cases, you may have to give us more information than you have in the past. We have set out the legal basis for allocation to each sub-class, and the tariff base measure we use to calculate the compensation and specific costs levy within the guidance for each sub-class. Please review this guidance before entering any data on your tariff data form.
You can find more information about the FSCS Funding Review from the FSCS Funding Review document PS07/19, made rules, and our web pages.
FSCS guidance only |
|
|---|---|
| Sub-Class | Subject |
| SA01 | Deposit |
| SB01 | General insurance provision General Insurance Provision |
| SB02 | General insurance intermediation |
| SC01 | Life and pensions provision |
| SC02 | Life and pensions intermediation |
| SD01 | Fund management |
| Investment intermediation | |
| SE01 |
Home finance provision |
| SE02 | Home finance intermediation |
Please refer to our Handbook Glossary for further information on some of the terms and definitions we use in the Tariff Return forms.
FSCS and FOS exemptions
Exemption to FSCS and FOS levies is only granted to those firms that have formaly notified us of their qualification for exemption to the relevant rules. If you believe your firm should be exempt from FSCS and/or FOS levies and this is not shown on your fee tariff data letter or form please complete the relevant forms and return them with your fee tariff data form.
Incoming EEA firm
If you are an incoming EEA firm, you should calculate your periodic fees by referring to the regulated activities you carry out in the UK through your EEA passport. You must tell us of any activities you are not carrying out in the UK so we invoice you correctly. You need to tell us this when you return the fee-tariff data form.
In Handbook Notice number 69 paragraphs 4.2 to 4.6 published in September 2007 we removed the requirement for incoming EEA and Treaty service providers to pay periodic fees from the 2007/08 financial year. This instrument only affects FSA fees, EEA firms remain liable for FSCS levies where applicable.
Our Consultation Paper (Section 8.3) published in November 2007 also covers this subject.
General Insurers – FSCS Guidance notes for EEA firms
SB01 FSCS Data - Guidance Note for Service (Cross-Border) Passporters
SB01 FSCS Data Branch Passporters - Guidance Note for Branch Passporters