![]() ![]() Coconut is registered with the Financial Conduct Authority (FCA) as an Account. The supplementary levies are not included in the online fees calculator.Ĭancelling firms: Firms that were authorised as at 1 April 2020 and applied to cancel their part IV permission part way through the current fee year, but are still authorised are liable for their share of the levy. Coconut is the trading name of Coconut Platform Ltd, company number 09904418. In respect of direct sales of structured deposits: the tariff base for Class A (DGS members) set out in the Depositor Protection part of the PRA Rulebook Table 2: Calculation of the Depositor Acceptors Structured Deposits provision Class 2.4, and Deposit Acceptors Class SA01 Rebate Total value of relevant debts under management / annual total amount provided under all regulated credit agreements in respect of which the participant firm is the lender or exercises, or has the right to exercise, the lender’s rights and duties under such agreements. Life distribution and investment intermediation Table 1: Distribution of the £44.5m supplementary levy to the retail pool ![]() The levy for firms in the FCA provider classes (1.2,2.2,4.2,5.1,6) is calculated on the basis as set out in FEES 6 Annex 3A. ![]() The FSCS will use surplus funds held for this class to offset against their contribution. This is the same data that was used to calculate the FSCS compensation cost levy as shown on a firm’s annual fee and levies invoice.įirms in the Investment Provision class (CLII-3) will not be levied for their share of the retail pool levy. The retail pool levy for the FCA funding classes is based on a firm’s annual eligible income reported for the 2020/21 levy year. The FCA Consultation Paper CP18-11 confirmed the final rules in relation to the retail pool, including the contribution from providers. See table 1 for the amounts allocated to classes. The amount of funding provided by the retail pool is allocated to each class in proportion to the size of their retail pool levy limit. The cross-subsidy is funded by the classes belonging to the FCA retail pool. ![]() The FSCS uses a cross-subsidy approach to fund the claims for a class that has exceeded its annual funding limit. Read about class funding limits in our Handbook ( FEES 6 annex 2). The FSCS letter to levy payers also explains the reason for the supplementary levy. Find out how to register and login below. The portal is the most efficient and environmentally friendly way fork them to communicate over firms. This leaves £36.8m needed to meet the total compensation costs for the life distribution and investment intermediation class, which as explained below will be funded by the retail pool.įSCS has also decided to rebate £940,000 to the Structured Deposit class (CLII-4), and £5m to the Deposit Acceptors class (SA01). Firms exercise the FCA buy invoicing portal to access their bill, pay their fees and more. Where surpluses exist from the original levy, these have been used to reduce the shortfall. However, this class can only be allocated £7.7m of the required funds before it reaches its annual limit of £240m for the 20/21 period. This figure has subsequently been reduced to £78m. ‘ANNA’ is a trademark of Absolutely No Nonsense Admin Ltd.On 22 January 2021, the FSCS announced it would be raising a supplementary levy this year.įSCS explained in its November 2020 edition of Outlook that it intended to raise a supplementary levy of £92m for the life distribution and investment intermediation class. Find out how to register and login lower. The portals is the most capable plus environmentally friendly way for them to communicate with firms. If you want to learn more about how your money is protected check our help articleĪNNA Money is acting as an agent of TrueLayer, who is providing the regulated Account Information Service, and is Authorised and Regulated by the Financial Conduct Authority under the Payment Services Regulations 2017 and the Electronic Money Regulations 2011 (Firm Reference Number: 901096)Ībsolutely No Nonsense Admin Ltd. Firms use which FCA online invoicing portal until access their invoices, pay own fees and moreover. Your funds will be held in one or more segregated bank accounts with a regulated third party credit institution, in accordance with the provisions of the Electronic Money Regulations 2011. The Card is issued by PayrNet Limited pursuant to license by Mastercard International Inc. Mastercard is a registered trademark, and the circles design is a trademark of Mastercard International Incorporated. Registered Office – Brunel House, 2 Fitzalan Road, Cardiff, Wales, CF24 0EBĪbsolutely No Nonsense Admin Limited is a distributor of PayrNet Limited which is an Electronic Money Institution authorised by the FCA under the Electronic Money Regulations 2011 (EMR's) with Firm Reference Number 900594. ![]()
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