2009/10 initial levy announced in April 2009 - £156m
Under the funding arrangements set up by the Financial Services Authority (FSA), five new funding classes were established to replace the previous 12 contribution groups. They are:
With the exception of deposits, these five broad classes are divided into sub-classes based on provider/intermediation activities. The levy for each of these sub-classes for 2009/10 is in the table below.
|2009/10 Initial Levy by Sub-Class|
|B1 General insurance - provision||69.0|
|B2 General insurance - intermediation||8.5|
|C1 Life and pensions - provision||2.0|
|C2 Life and pensions - intermediation||19.0|
|D1 Investments - fund management||4.0|
|D2 Investments - intermediation*||30.0|
|E1 Home finance - provision||0.0|
|E2 Home finance - intermediation||1.0|
|Total funding requirement||156.0|
* FSCS will only levy firms in the class for £30m now. If necessary a further levy currently estimated at £28m will be levied later in 2009 (all separate from the interim 2008/09 levy of £38m)
The Financial Conduct Authority website includes a searchable database of all firms authorised and regulated by the FCA and the Prudential Regulation Authority (PRA).