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Application provision

1.1 This Part, unless otherwise stated, applies to every firm and every person required to pay a fee to the PRA.

This schedule sets out the periodic fees payable by firms under Chapter 3.

28/06/2018

TABLE IA 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 written premium for fees purposes of 0 - £0.5million and best estimate liabilities for fees purposes 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, gross written premium for fees purposes of 0-£1.0 million and best estimate liabilities for fees purposes of 0-£1.0million; 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

01/03/2018

TABLE II - TRANSITION COSTS ALLOCATION

[deleted]

28/06/2018

TABLE IIIA – PERIODIC FEE RATES APPLICABLE TO PRA FEE BLOCKS OTHER THAN THE MINIMUM FEE BLOCK FOR THE FEE YEAR 2018-19

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 31.87
>140 – 630 31.87
>630 - 1,580 31.87
>1,580 - 13,400 39.84
> 13,400 52.59

A3 general insurers fee block
gross written premium for fees purposes + best estimate liabilities for fees purposes

gross written premium for fees purposesBand width (£million of gross written premium for fees purposes)Fee payable per million of gross written premium for fees purposes (£)
>0.5 494.81
best estimate liabilities for fees purposesBand Width (£ million of best estimate liabilities for fees purposes)Fee payable per million of best estimate liabilities for fees purposes (£)
>1 29.07
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
gross written premium for fees purposes + best estimate liabilities for fees purposes          
gross written premium for fees purposes     Band width (£million of gross written premium for fees purposes)Fee payable per million of gross written premium for fees purposes (£)
>1 255.17
best estimate liabilities for fees purposes   Band width (£million of best estimate liabilities for fees purposes)Fee payable per million of best estimate liabilities for fees purposes  (£)
>1 7.86
A5 managing agents at Lloyd’s     active capacity     Band width (£million of active capacity)Fee payable per million of active capacity (£)
>50 46.24
A6 Society of Lloyd’sflat fee N/A General periodic fee (£)
1,748,266.95

A10 Firms dealing as principal fee block

Trading assets + financial and operating income

 

 

 

trading assets

Band width (£million of trading assets) Fee payable per million or part million of trading assets (£) 
N/A 2.63
financial and operating income Band width (£million of financial and operating income) Fee payable per million or part million of financial and operating income (£) 
N/A 201.46

28/06/2018

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%
[deleted.] [deleted.]
Incoming EEA firms and incoming Treaty firms offering cross border services only 100%
[deleted.] [deleted.]
[deleted.] [deleted.]

28/06/2018

TABLE V – MODIFICATIONS TO PERIODIC FEES FOR NON-DIRECTIVE FIRMS IN THE A1 AND A3 FEE BLOCKS

Fee payer

Discount applied to periodic fees in Table IIIA

Discount applied to EU withdrawal costs fee block

A1 deposit acceptors fee block 0% 50%
A3 general insurers fee block 11% 50%
[deleted.] [deleted.] [deleted.]

28/06/2018

TABLE VI – EU WITHDRAWAL 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 0.03540

28/06/2018

[deleted.]

01/03/2019

TABLE VIII – MODEL MAINTENANCE FEES

  Annual fee for CRR firms per model type(£)     Annual fee for UK Solvency II firms per group or solo internal model (£) 
Basis of scale, (aggregated figures for all UK firms within the scope of each model or model type)  IMA IMM IRB AMA A3 fee block A4 fee block
CRD credit institutions with modified eligible liabilities in excess of £40,000million, or designated investment firms with total assets for fees purposes in excess of £100,000million 55,000 75,000  100,000 25,000 - -
CRD credit institutions with modified eligible liabilities greater than £5,000million and less than £40,000million, or designated investment firms with total assets for fees purposes greater than £12,500million and less than £100,000million 20,000 30,000 40,000 10,000 - -
CRD credit institutions with modified eligible liabilities of £5,000million or less, or designated investment firms with total assets for fees purposes of £12,500million or less 8,000 12,000 16,000 4,000 - -
The sum of a firm’s best estimate liabilities for fees purposes and gross written premium for fees purposes is £1,000 million or more for firms in the general insurance fee block (A3), or for firms in the life insurance fee block (A4), £15,000million or more - - - - 160,000 210,000
The sum of a firm’s best estimate liabilities for fees purposes and gross written premium for fees purposes is greater than £300million and less than £1,000million for firms in the general insurance fee block (A3) or greater than £5,000million and less than £15,000million, or for firms in the life insurance fee block (A4) - - - - 65,000 80,000
The sum of a firm’s best estimate liabilities for fees purposes and gross written premium for fees purposes is less than £300million for firms in the general insurance fee block (A3) or less than £5,000million, for firms in the life insurance fee block (A4) - - - - 28,000

35,000