2010/11 initial levy announced in March 2010 - £148m
Under the funding arrangements set up by the Financial Services Authority (FSA), five 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 2010/11 is in the table below.
|2010/11 Initial Levy by Sub-Class|
|SB01 General insurance - provision||41.5|
|SB02 General insurance - intermediation||61.4|
|SC01 Life and pensions - provision||2.0|
|SC02 Life and pensions - intermediation||11.5|
|SD01 Investments - fund management||3.0|
|SD02 Investments - intermediation*||24.0|
|SE01 Home finance - provision||0.0|
|SE02 Home finance - intermediation||0.6|
|Total funding requirement||148.0|
* The FSCS also raised an interim levy on firms in this class for £80m in 2009/10.
The Financial Conduct Authority website includes a searchable database of all firms authorised and regulated by the FCA and the Prudential Regulation Authority (PRA).