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corporate plan and 2008/09 budget

January 2008

annex A
compulsory jurisdiction - provisional levy 2008/09

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 2008.

industry block 1

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

  • tariff basis is per relevant account
  • proposed tariff rate - 0.0178
  • 2007/08 tariff rate - 0.009
  • proposed minimum levy per firm - £100
  • proposed total - £4,762,973
  • 2007/08 total - £2,516,421
  • proposed contributions by block - 24.1%
  • contribution by block for 2007/08 - 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 £1,000 of relevant annual gross premium income
  • proposed tariff rate - 0.165
  • 2007/08 tariff rate - 0.065
  • proposed minimum levy per firm - £100
  • proposed total - £4,118,475
  • 2007/08 total - £1,646,764
  • proposed contributions by block - 20.7%
  • contribution by block for 2007/08 - 8.9%

industry block 3

Society of Lloyd's

  • tariff basis - n/a
  • proposed tariff rate - n/a
  • 2007/08 tariff rate - n/a
  • proposed minimum levy per firm - n/a
  • proposed total - £38,000
  • 2007/08 total - £28,000
  • proposed contribution by block - 0.2%
  • contribution by block for 2007/08 - 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 - 0.073
  • 2007/08 tariff rate - 0.12
  • proposed minimum levy per firm - £100
  • proposed total - £4,667,569
  • 2007/08 total - £7,075,924
  • proposed contributions by block - 23.0%
  • contribution by block for 2007/08 - 35.5%

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
  • 2007/08 tariff rate - 0.0005
  • proposed minimum levy per firm - £200
  • proposed total - £187,000
  • 2007/2008 total - £356,881
  • proposed contributions by block - 1.0%
  • contribution by block for 2007/08 - 3.1%

industry block 6

operators, trustees and depositaries of collective investment schemes

  • tariff basis - flat fee
  • proposed tariff rate - 0
  • 2007/08 tariff rate - 0
  • proposed minimum levy per firm - £75
  • proposed total - £30,675
  • 2007/08 total - £16,750
  • proposed contributions by block - 0.1%
  • contribution by block for 2007/08 - 0.2%

industry block 7

dealers as principal

  • tariff basis - flat fee
  • proposed tariff rate - 0
  • 2007/08 tariff rate - 0
  • proposed minimum levy per firm - £75
  • proposed total - £19,125
  • 2007/08 total - £13,850
  • proposed contributions by block - 0.1%
  • contribution by block for 2007/08 - 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 - 130
  • 2007/08 tariff rate - 150
  • proposed minimum levy per firm - £130
  • proposed total - £3,006,510
  • 2007/08 total - £3,822,600
  • proposed contributions by block - 15.0%
  • contribution by block for 2007/08 - 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
  • 2007/08 tariff rate - 45
  • proposed minimum levy per firm - £50
  • proposed total - £1,562,400
  • 2007/08 total - £1,503,000
  • proposed contributions by block - 7.5%
  • contribution by block for 2007/08 - 8.0%

industry block 10

corporate finance advisers

  • tariff basis - flat fee
  • proposed tariff rate - 0
  • 2007/08 tariff rate - 50
  • proposed minimum levy per firm - £75
  • proposed total - £35,775
  • 2007/08 total - £26,000
  • proposed contributions by block - 0.2%
  • contribution by block for 2007/08 - 0.3%

industry block 13

cash plan health providers

  • tariff basis - flat fee
  • proposed tariff rate - 0
  • 2007/08 tariff rate - 50
  • proposed minimum levy per firm - £55
  • proposed total - £650
  • 2007/08 total - £600
  • proposed contributions by block - 0.0%
  • contribution by block for 2007/08 - 0.0%

industry block 14

credit unions

  • tariff basis - flat fee
  • proposed tariff rate - 0
  • 2007/08 tariff rate - 50
  • proposed minimum levy per firm - £50
  • proposed total - £25,800
  • 2007/08 total - £27,550
  • proposed contributions by block - 0.2%
  • contribution by block for 2007/08 - 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
  • 2007/08 tariff rate - 50
  • proposed minimum levy per firm - £50
  • proposed total - £4,100
  • 2007/08 total - £4,100
  • proposed contributions by block - 0.0%
  • contribution by block for 2007/08 - 0.0%

industry block 16

mortgage lenders, advisers and arrangers

  • tariff basis - flat fee
  • proposed tariff rate - 0
  • 2007/08 tariff rate - 50
  • proposed minimum levy per firm - £60
  • proposed total - £457,800
  • 2007/08 total - £367,250
  • proposed contributions by block - 2.5%
  • contribution by block for 2007/08 - 2.3%

industry block 17

general insurance mediation

  • tariff basis - flat fee
  • proposed tariff rate - 0
  • 2007/08 tariff rate - 50
  • proposed minimum levy per firm - £60
  • proposed total - £985,020
  • 2007/08 total - £873,900
  • proposed contributions by block - 5.5%
  • contribution by block for 2007/08 - 5.9%

total - all blocks

  • proposed total - £19,901,872
  • 2007/08 total - £18,279,860
image of corporate plan and 2008/09 budget

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