Advisers/arrangers holding client money: investments
2008/09 FSCS levy examples for advisers/arrangers that hold client money and/or assets (FSA fee-block A.12) conducting all investment business (sub-class SD02).
| Tariff metric: Number of Approved Persons: 1 | |||||||
|---|---|---|---|---|---|---|---|
| 2007/08 | 2007/08 Re-invoice/ (Credit) |
2008/09 | Net total | Change | |||
| Levy | 248.72 | (132.31) | 165.06 | 32.75 | -86.8% | ||
| Tariff metric: Number of Approved Persons: 8 | |||||||
|---|---|---|---|---|---|---|---|
| 2007/08 | 2007/08 Re-invoice/ (Credit) |
2008/09 | Net total | Change | |||
| Levy | 1,857.52 | (1,058.52) | 1,178.19 | 119.67 | -93.6% | ||
Notes
1) Under the new FSCS funding arrangements, your firm's compensation costs will be calculated using the number of approved persons you have registered with controlled function CF30 (excluding corporate finance advisers and investment managers) according to the data held on the FSA register as at 31 December 2007.
2) SD02 definition: investment intermediation.
3) Firms who were liable for PIA pensions review compensation costs levy (fee-block A.16) will benefit from a share of the A.16 'clean break' balance.