Prudential Regulation Authority Rulebook

Fee type	Fee amount
Annual fees for the period 1 April 2005 to 31 March 2006
Annual Issuer Fees - all listedissuers of shares, depositary receipts and securitised derivatives. This fee represents the total annual fee for a listedissuer - no additional annual fee is due under the disclosure rules.	(1) For all issuers of securitised derivatives, depositary receipts and global depositary receipts the fees payable are set out in Table 1. (2) For all other issuers fees to be determined according to market capitalisation as set out in Table 2. The fee is calculated as follows: (a) the relevant minimum fee; plus(b) the cumulative total of the sums payable for each of the bands calculated by multiplying each relevant tranche of the firm's market capitalisation by the rate indicated for that tranche. (3) Notwithstanding (2), overseasissuers with a listing of equity securities which is not a primary listing will only pay 80% of the fee otherwise payable under (2).
Annual Sponsor Fees	£10,000
Annual fees are charged in annual cycles beginning on 1 April of a year and ending on 31 March of the following year. An issuer or sponsor which becomes subject to the listing rules during the course of the financial year must pay a proportion of the annual fee which is calculated in accordance with the following Table 3.

Table 1
Annual fees for issuers of securitised derivatives, depositary receipts and global depositary receipts

Issuer	Fee amount
Issuers of securitised derivatives	£3,000
Issuers of depositary receipts and global depositary receipts	£3,600

Table 2
Tiered annual fees for all other issuers

Fee payable
Minimum fee (£)	3,000
£ million of Market Capitalisation	Fee (£/£m or part £m of Market Capitalisation)
0 - 100	0
>100 - 250	11.81
>250 - 1,000	4.72
>1,000 - 5,000	1.57
>5,000 - 25,000	0.0295
>25,000	0.0079

Table 3

Quarter in which the issuer/sponsor becomes subject to the Listing Rules	Proportion payable
1 July to 30 September inclusive	75%
1 October to 31 December inclusive	50%
1 January to 31 March inclusive	25%

Annex 2

Fee type		Fee amount
Transaction vetting fees for the period 1 July 2005 to 31 March 2006 Transaction vetting fees relate to specific events or transactions that an issuer might be involved in during the year and fall due when documentation is first submitted to the FSA.
Eligibility	New applicants	£1,300
Category 1	Class 1 transactions	£5,700
Category 2	Listing particulars for specialist securityissuers (including depositary receipts)	£2,500
Category 3	All other vetting only transactions	£2,500
Category 4	Supplementary listing particulars	£500

Annex 3
Part 1

Fee type	Fee amount
Application Fees for the period 1 July 2005 to 31 March 2006
Application for listing An application fee becomes payable when an issuer makes an application for listing.	£225
Tranches from debt issuance programmes and securitised derivative tranches	£100
An upfront fee is required per tranche for draw downs in the following 12 months. Payment in advance for more than 75 draw downs will attract a 10% discount.

Part 2

Sponsor Application Fees for the period 1 July 2005 to 31 March 2006
Fee type	Fee amount
Application for approval as sponsor An application fee becomes payable when a person applies for approval as a sponsor.	£4,000

Fees from other fee schedules contained in other sections of the sourcebook may be applicable to a single submission.

Section 100 of the Act (Penalties) provides that the FSA must prepare and operate a scheme for ensuring that the amounts paid to it as penalties are applied for the benefit of issuers.
The FSA will allow a permitted deduction from the annual fees of an amount equal to that issuer's share of the amounts paid to the FSA by way of penalties.
The FSA will notify issuers annually of the amount of the permitted deduction for each relevant year.