Report fee tariff data

Guidance on how to fill in your online tariff data forms and give us information about your firm that will help us calculate annual fees for the next financial year.

In January each year, we ask you to provide us information about your firm, including:

  • annual income from regulated activities
  • other data as a measure of the size of business (for example number of mortgages)
  • explanation of significant increase or decrease from last year

This information is called tariff data, and we use it to work out annual fees for the following financial year, April to March.

Submit your tariff data

Firms registered for online invoicing will need to submit fees data online. Registered users will be emailed when your firm’s form is available.

If your firm is not registered, please register for online invoicing now.

You must send us your data by 28 February. If possible, we would like it by the end of January.

Firms that report all their tariff data through the Gabriel reporting return RMA-J are not required to submit tariff data through online invoicing.

Financial Services Compensation Scheme (FSCS) funding model

In 2016, we the FCA commenced a review on the funding arrangements of the FSCS and consulted on proposals for several policy changes. The changes included the introduction of new funding classes and categories, which became effective from 1 April 2019 and can be found in FEES 6 annex 3A of our handbook.

Most of the new categories directly replaced one of the previous classes. The levies continue to be based on the same tariff data definitions as previously reported, except for income for pure protection policies, which is now reported as general insurance.

Read more about the consultations in our fees publications.

Insurers

If you’re a UK insurer, you no longer need to submit tariff data to us for periodic fees, as this data will be collected by the PRA from their own regulatory returns. We will continue to collect data from Temporary Permissions Regime (TRP) branch firms.

We will contact you in April to ask for your FSCS levy data and any other tariff data you need to report to us. You can choose to report relevant data for the Financial Ombudsman Service. We will use our data if you choose not to report relevant data.

Recognised investment exchanges (RIEs) and Benchmark administrators (BAs)

Periodic fees for RIEs and BAs are based on your annual income from these activities. We will contact you in January to ask for your data.

If you’re an RIE operating a multilateral trading facility or operating an organised trading facility, you will also need to report your income from these activities separately for calculating your FSCS levies.

New firms

If your firm is applying for authorisation, you will need to report your data based on the most recent fee-block classifications and the tariff base (measure of business) appropriate to the fee-block. Similarly, if you wish to change (vary) your firm’s permissions during this period, you will need to report your data based on the latest tariff base appropriate to the new fee-block.

Use the tariff base (measure of business) on the guidance for your fee block when filling in your form and make sure you give us all the data we ask for in your application. You need to include a projected valuation for your firm’s first year, starting from the date you are authorised. This projection is important as we will use it to calculate your fees. You will not be able to reduce it if your business does not meet this projection.

If your firm became authorised between 1 January and 31 March, your second-year fee will be calculated using your projected data or annualised figure based on your actual data. Annualised data must be provided by 30 April of the year you became authorised. If we do not receive your annualised data by this date we will use your projected data.

Read the fee rules in our Handbook.

We use historical data to calculate fees. New firms will not have historical data so we use a firm’s projection instead.

Fees and levies for EEA firms in the TPR (including Supervised Run-Off (SRO) or Contractual Run-Off (CRO) firms)

FCA fees and levies for 2020/21

There are no changes to the 2020/21 fees and levies paid by EEA branches already paying fees and levies, who are in the TPR, SRO or CRO. We will continue to apply all FCA fee discounts and not charge service firms FCA periodic fees for 2020/21.

There is no change to the way tariff data is reported for EEA firms’ UK branches. Services firms will not be required to report tariff data, unless they already do so for FSCS fees purposes.

All firms with branches in the UK will be required to contribute to the cost of the FSCS for 2020/21, if their activities are protected under the scheme. Services firms are generally not required to contribute, other than where there is existing FSCS cover in respect of the activities of insurers and certain incoming fund managers.

All services firms without a UK branch will be required to pay Financial Ombudsman Service case fees and the minimum annual general levies.

FCA fees and levies for 2021/22

If you are a firm in the TPR or an SRO firm, you will pay periodic fees and levies based on the fee-blocks and tariff data provided in relation to your permissions as at 1 April 2021.

We will collect tariff data in January from firms in the TPR. EEA firms report the amount of business undertaken in or from the UK.
EEA fee discounts will no longer apply.

CRO firms will not pay FCA periodic fees or levies, aside from CRO insurers who will be required to pay FSCS levies (see below). 

The CRO firms will pay a Special Project Fee (SPF) for the work we undertake under the Financial Services Contracts Regime (FSCR), if the costs exceed £5,000.

There are no changes to the way fees and levies are currently calculated for Gibraltar firms. Fee discounts will continue to apply to Gibraltar firms and inbound Gibraltar service firms will not pay any periodic fees.

FSCS levies

Firms are required to contribute to the funding of the UK FSCS and report tariff data if their activities are protected under the scheme. 

Following the end of the transition period on 31 December 2020, the scope of FSCS protection changed, bringing some firms within scope and excluding others. Refer to PRA PS5/19 and FCA PS19/5 for more information.

Customers of SRO firms or firms in the TPR with UK branches will have FSCS protection, equivalent to the cover provided to customers of UK firms.
Customers of firms in the TPR without a UK branch will not have access to the FSCS, other than certain incoming fund managers and insurance business.

There is no FSCS cover for CRO firms, other than insurers.

Guidance for deposit takers in the TPR or SRO (FSCS class A)

If your firm is in the TPR or SRO and holds deposits in its UK establishment, you will be an FSCS member and are required to pay FSCS levies.  

If your firm is a deposit-taker in the CRO, you do not have an establishment in the UK.  Since you hold your deposits outside of a UK establishment, you are not an FSCS member and deposits will not be protected by the FSCS.

For more information on calculating the tariff base, refer to deposits class A.

Guidance for insurers in the TPR, SRO and CRO (FSCS class B1)

You will need to pay a levy to the FSCS if you offer (or have previously sold) insurance contracts that are protected contracts of insurance under the scheme.

Following the end of the transition period on 31 December 2020, the scope of FSCS protected for insurance changed. The Policyholder Protection part of the PRA Rulebook describes the scheme and which contracts are protected.

FSCS protection for insurance policies will depend on a number of additional factors, including whether your firm remains authorised in the UK, the location through which the policy was issued, the location of the risk you’ve insured, and whether the policy was issued before or after Brexit.

Policies issued before 11pm on 31 December 2020 

  • Existing policies that have FSCS protection will continue to be protected following Brexit, provided that the insurer continues to be authorised under FSMA (a ‘relevant person’). The table below provides a guide for firms but does not capture all scenarios, for example, if firms have changed status over time.  
Type of authorised firm (before Brexit) Type of authorised firm (after Brexit) Issued by a relevant person through an establishment in: Location of risks that are FSCS protected
EEA firms passporting into the UK via freedom of establishment TPR or SRO firms UK UK, EEA, Gibraltar, Channel Islands, Isle of Man
EEA firms passporting into the UK via freedom of services TPR or CRO firms EEA UK
EEA firms passporting via Freedom of establishment or freedom of services TPR, SRO or CRO firms Gibraltar UK

Policies issued after 11pm on 31 December 2020

  • For new policies issued after the end of the transition period, policies in respect of risks situated in the UK, Gibraltar, Channel Islands and Isle of Man may be protected, depending upon the type of policy and the location of the establishment through which a policy is issued.  
  • Policies in respect of EEA risks will not be protected.
Type of authorisation Issued by a relevant person through an establishment in: Location of risks that are FSCS protected
TPR (or SRO*) firms UK UK, EEA, Gibraltar, Channel Islands, Isle of Man
TPR firms that have not yet set up a UK establishment, or SRO or CRO* firms EEA UK
TPR (or SRO or CRO*) firms Gibraltar UK

*Note: SRO and CRO firms are not able to issue new policies after the end of the transition period except where necessary to service pre-existing contracts.

Location of risk: Refer to Policyholder Protection chapter 9. Examples of where risks are located:

  • a building or contents policy, where the building is
  • a vehicle policy, where the vehicle is registered
  • a travel or holiday policy lasting four months or less, where the policyholder took out the contract
  • other types of contract where the individual policyholders habitually lived when the contract began; and
  • other type of contract where the policyholder is not an individual, where the establishment to which the risk relates to was situated when the contract began

To calculate the tariff base:

You do not have to include tariff data for reinsurance contracts, or for contracts covering the following classes of business, as these are not FSCS protected:

  • aircraft
  • ships
  • goods in transit
  • aircraft liability
  • liability of ships
  • credit

Guidance

From this section of the page, you can access our guidance notes for the tariff data form.

They explain:

  • the fee-blocks
  • the tariff base and
  • administrative points to consider

Fee-block

Financial Ombudsman Service
industry block

Description

A1

Guidance (PDF)

I001

Deposit acceptors

A2

Guidance (PDF)

I001

Home finance providers and administrators

A3

Guidance (PDF)

I002

General insurers

A4

Guidance (PDF)

I004

Life insurers

A7

Guidance (PDF)

Calculation Sheet (PDF)

I005

Portfolio managers

A9

Guidance (PDF)

Calculation Sheet (PDF)

I006

Managers and depositaries of investment funds, and operators of collective investment schemes or pension schemes

A10

Guidance (PDF)

I007

Firms dealing as principal in investments

A13

Guidance (PDF)

I008

Advisory arrangers, dealers or brokers (holding or controlling client money and/or assets)

I009

Advisory arrangers, dealers or brokers (NOT holding or controlling client money and/or assets)

A14

Guidance (PDF)

I010

Corporate finance advisors

A18

Guidance (PDF)

I016

Home finance advisors and arrangers

A19

Guidance (PDF)

I017

General insurance intermediaries

AB01

Guidance (PDF)

n/a

Service Companies

BU01

Guidance (PDF)

n/a

Recognised investment exchanges

AB05/B005

Guidance (PDF)

n/a

Benchmark administrators

AG03/G003

Guidance (PDF)

IA11

Large payment institutions - regulated under payment services regulation

AG10/G010

Guidance (PDF)

IA18

Authorised electronic money issuers – regulated under electronic money regulations

CC01/CC02

I019/I020

Consumer Credit

CMC01 I024 Claims management companies
D002 n/a Professional Body Supervisors

 

Financial Guidance Levy

Fee-block

Description

CC03

Guidance (PDF)

Debt advice levies - consumer credit lenders

A002D

Guidance (PDF)

Debt advice levies - home finance providers and administrators

 

Financial Services Compensation Scheme

Class/Category

Description

SA01

Guidance (PDF)

Deposit

SJ01 

Guidance (PDF)

Dormant account scheme

SB01

Guidance (PDF)

General insurance provision

SC01

Guidance (PDF)

Life and pensions provision

CLGID-1 (replaces SB02)

Guidance (PDF)

Category 1.1, General insurance distribution

CLII-1 (replaces SC02 and SD02)

Guidance (PDF)

Category 2.1, Life distribution and investment intermediation

CLII-4 

Guidance (PDF)

Category 2.4, Structured deposits provision

CLIP (replaces SD01)

Guidance (PDF)

Class3, Investment provision claims

CLHFI-1 (replaces SE02)

Guidance (PDF)

Category 4.1, Home finance intermediation

CLDM-1 (replaces SK01-D)

Guidance (PDF)

CLDM-2 (replaces SK01-L)

Guidance (PDF)

Category 5.1, Debt management

 

Category 5.2, Consumer credit provision

Exemptions from levies

In some circumstances, firms are exempt from some of the charges (levies) for the FSCS and the Financial Ombudsman Service.

If you think your firm should be exempt from the levies, you should fill in an:

Send it to us with your tariff data return form, or separately by email to [email protected].

Forms must be received by 31 March for a firm to be exempt for the following fee year.

What happens next

Once we receive your fee tariff data we will use it to work out your fees for the next financial year.

We don’t send acknowledgements when we receive your data. You can download a PDF copy of the data you submitted online. We will contact you if we have not received your data by the due date. If we do not receive your data by the due date, we will charge you a fee of £250 and will send you an estimated invoice until we receive your data.

Read about tariff data reporting requirements 

If you send inaccurate or incorrect data we may charge you an incorrect fee.

We will not automatically revise the fees we charge because you made a mistake. Whether we decide to or not is at our discretion.

Contact us

If you have any queries about how we collect tariff data or about filling in the tariff data return form, phone the Customer Contact Centre on 0300 500 0597.

Page updates

27/01/2021: Link changed Fee tariff data guidance PDFs for 2021/22
18/01/2021: Information added Updates following the end of the transition period.