LegalizeS.I. No. 388/2006 - Central Bank Act 1942 (Sections 33J And 33K) Regulations 2006
This is the act as published. Later amendments are not folded into the text below: each one is a separate act in this repository and an entry in this law's history.
1 amending act · 2006-10-10, S.I. No. 528/2006 - Central Bank Act 1942 (Section 33J and 33K) (Amendment) Regulations 2006
| Type of regulated entity | Basis of calculation for required levy contributions | Basis of calculation for required levy contributions | Basis of calculation for required levy contributions | Basis of calculation for required levy contributions | Basis of calculation for required levy contributions |
| C – Intermediaries (Including Investment Product Intermediaries and Mortgage Intermediaries who hold Authorisations under the Consumer Credit Act 1995 ) and Insurance/Reinsurance Intermediaries Registered under the EC (Insurance Mediation) Regulations 2005. | Periodic levy All Intermediaries will be charged on the same basis as shown in the table below. | Periodic levy All Intermediaries will be charged on the same basis as shown in the table below. | Periodic levy All Intermediaries will be charged on the same basis as shown in the table below. | Periodic levy All Intermediaries will be charged on the same basis as shown in the table below. | Periodic levy All Intermediaries will be charged on the same basis as shown in the table below. |
| C – Intermediaries (Including Investment Product Intermediaries and Mortgage Intermediaries who hold Authorisations under the Consumer Credit Act 1995 ) and Insurance/Reinsurance Intermediaries Registered under the EC (Insurance Mediation) Regulations 2005. | Band | Income Range € | Amount € | ||
| C – Intermediaries (Including Investment Product Intermediaries and Mortgage Intermediaries who hold Authorisations under the Consumer Credit Act 1995 ) and Insurance/Reinsurance Intermediaries Registered under the EC (Insurance Mediation) Regulations 2005. | 1 | €0 – €5,000 | €150 | ||
| C – Intermediaries (Including Investment Product Intermediaries and Mortgage Intermediaries who hold Authorisations under the Consumer Credit Act 1995 ) and Insurance/Reinsurance Intermediaries Registered under the EC (Insurance Mediation) Regulations 2005. | 2 | €5,001 – €50,000 | €200 | ||
| C – Intermediaries (Including Investment Product Intermediaries and Mortgage Intermediaries who hold Authorisations under the Consumer Credit Act 1995 ) and Insurance/Reinsurance Intermediaries Registered under the EC (Insurance Mediation) Regulations 2005. | 3 | €50,001 – €150,000 | €500 | ||
| C – Intermediaries (Including Investment Product Intermediaries and Mortgage Intermediaries who hold Authorisations under the Consumer Credit Act 1995 ) and Insurance/Reinsurance Intermediaries Registered under the EC (Insurance Mediation) Regulations 2005. | 4 | €150,001 – €400,000 | €800 | ||
| C – Intermediaries (Including Investment Product Intermediaries and Mortgage Intermediaries who hold Authorisations under the Consumer Credit Act 1995 ) and Insurance/Reinsurance Intermediaries Registered under the EC (Insurance Mediation) Regulations 2005. | 5 | €400,001 – €700,000 | €1,600 | ||
| C – Intermediaries (Including Investment Product Intermediaries and Mortgage Intermediaries who hold Authorisations under the Consumer Credit Act 1995 ) and Insurance/Reinsurance Intermediaries Registered under the EC (Insurance Mediation) Regulations 2005. | 6 | €700,001 – €1,500,000 | €3,400 | ||
| C – Intermediaries (Including Investment Product Intermediaries and Mortgage Intermediaries who hold Authorisations under the Consumer Credit Act 1995 ) and Insurance/Reinsurance Intermediaries Registered under the EC (Insurance Mediation) Regulations 2005. | 7 | €1,500,001 – €3,000,000 | €8,000 | ||
| C – Intermediaries (Including Investment Product Intermediaries and Mortgage Intermediaries who hold Authorisations under the Consumer Credit Act 1995 ) and Insurance/Reinsurance Intermediaries Registered under the EC (Insurance Mediation) Regulations 2005. | 8 | €3,000,001 – €6,000,000 | €14,000 | ||
| C – Intermediaries (Including Investment Product Intermediaries and Mortgage Intermediaries who hold Authorisations under the Consumer Credit Act 1995 ) and Insurance/Reinsurance Intermediaries Registered under the EC (Insurance Mediation) Regulations 2005. | 9 | Over €6,000,001 | €18,000 | ||
| C – Intermediaries (Including Investment Product Intermediaries and Mortgage Intermediaries who hold Authorisations under the Consumer Credit Act 1995 ) and Insurance/Reinsurance Intermediaries Registered under the EC (Insurance Mediation) Regulations 2005. | Levies will be calculated based on the latest income declared to the Financial Regulator. Any intermediary can only submit an amended declaration during the funding year for which they wish the updated declaration to apply. An intermediary who was authorised for the first time in 2005 must supply a self-declaration of income to the Financial Regulator by 30 June 2006. This declaration should cover the period from the date of their authorisation to 31 December 2005. For the purposes of this part of the Schedule (Category C only) income is defined as: The total income generated by each authorised intermediary entity from regulated activity undertaken. This includes: • All commissions and any other income derived from product producers • All payments and amounts received from individuals or companies in relation to services/advice provided in relation to regulated services • Any other income derived from regulated activities (but not including interest earned by an entity on bank credit balances held in their own name). On receipt of the levy notice for 2006 an intermediary should determine whether or not they should update the self- declaration that they submitted to the Financial Regulator for the calculation of the 2004 or 2005 levy. If the income figure for a more recent financial year is available, a new declaration should be made if this income figure would result in the intermediary moving to a different income range in relation to 2006 and therefore paying a different levy. | Levies will be calculated based on the latest income declared to the Financial Regulator. Any intermediary can only submit an amended declaration during the funding year for which they wish the updated declaration to apply. An intermediary who was authorised for the first time in 2005 must supply a self-declaration of income to the Financial Regulator by 30 June 2006. This declaration should cover the period from the date of their authorisation to 31 December 2005. For the purposes of this part of the Schedule (Category C only) income is defined as: The total income generated by each authorised intermediary entity from regulated activity undertaken. This includes: • All commissions and any other income derived from product producers • All payments and amounts received from individuals or companies in relation to services/advice provided in relation to regulated services • Any other income derived from regulated activities (but not including interest earned by an entity on bank credit balances held in their own name). On receipt of the levy notice for 2006 an intermediary should determine whether or not they should update the self- declaration that they submitted to the Financial Regulator for the calculation of the 2004 or 2005 levy. If the income figure for a more recent financial year is available, a new declaration should be made if this income figure would result in the intermediary moving to a different income range in relation to 2006 and therefore paying a different levy. | Levies will be calculated based on the latest income declared to the Financial Regulator. Any intermediary can only submit an amended declaration during the funding year for which they wish the updated declaration to apply. An intermediary who was authorised for the first time in 2005 must supply a self-declaration of income to the Financial Regulator by 30 June 2006. This declaration should cover the period from the date of their authorisation to 31 December 2005. For the purposes of this part of the Schedule (Category C only) income is defined as: The total income generated by each authorised intermediary entity from regulated activity undertaken. This includes: • All commissions and any other income derived from product producers • All payments and amounts received from individuals or companies in relation to services/advice provided in relation to regulated services • Any other income derived from regulated activities (but not including interest earned by an entity on bank credit balances held in their own name). On receipt of the levy notice for 2006 an intermediary should determine whether or not they should update the self- declaration that they submitted to the Financial Regulator for the calculation of the 2004 or 2005 levy. If the income figure for a more recent financial year is available, a new declaration should be made if this income figure would result in the intermediary moving to a different income range in relation to 2006 and therefore paying a different levy. | Levies will be calculated based on the latest income declared to the Financial Regulator. Any intermediary can only submit an amended declaration during the funding year for which they wish the updated declaration to apply. An intermediary who was authorised for the first time in 2005 must supply a self-declaration of income to the Financial Regulator by 30 June 2006. This declaration should cover the period from the date of their authorisation to 31 December 2005. For the purposes of this part of the Schedule (Category C only) income is defined as: The total income generated by each authorised intermediary entity from regulated activity undertaken. This includes: • All commissions and any other income derived from product producers • All payments and amounts received from individuals or companies in relation to services/advice provided in relation to regulated services • Any other income derived from regulated activities (but not including interest earned by an entity on bank credit balances held in their own name). On receipt of the levy notice for 2006 an intermediary should determine whether or not they should update the self- declaration that they submitted to the Financial Regulator for the calculation of the 2004 or 2005 levy. If the income figure for a more recent financial year is available, a new declaration should be made if this income figure would result in the intermediary moving to a different income range in relation to 2006 and therefore paying a different levy. | Levies will be calculated based on the latest income declared to the Financial Regulator. Any intermediary can only submit an amended declaration during the funding year for which they wish the updated declaration to apply. An intermediary who was authorised for the first time in 2005 must supply a self-declaration of income to the Financial Regulator by 30 June 2006. This declaration should cover the period from the date of their authorisation to 31 December 2005. For the purposes of this part of the Schedule (Category C only) income is defined as: The total income generated by each authorised intermediary entity from regulated activity undertaken. This includes: • All commissions and any other income derived from product producers • All payments and amounts received from individuals or companies in relation to services/advice provided in relation to regulated services • Any other income derived from regulated activities (but not including interest earned by an entity on bank credit balances held in their own name). On receipt of the levy notice for 2006 an intermediary should determine whether or not they should update the self- declaration that they submitted to the Financial Regulator for the calculation of the 2004 or 2005 levy. If the income figure for a more recent financial year is available, a new declaration should be made if this income figure would result in the intermediary moving to a different income range in relation to 2006 and therefore paying a different levy. |
CATEGORY D
Investment Business Firms
(other than Investment Product Intermediaries)
| Type of regulated entity | Basis of calculation for required levy contributions |
| D1 – Designated Fund Managers | Periodic Levy A flat rate levy contribution of €1,000 is payable by designated fund managers. |
| Note: In determining which of the following categories (D2-D5) an entity is categorised into, consideration is given to the most senior element of their authorisation. Therefore if the authorisation of an entity allows it to be categorised as D2 or D3, it would be categorised as D3 as ‘Discretionary Portfolio Management’ is viewed as a more senior type of authorisation than ‘Receipt and Transmission of Orders’. The figure used as the tariff base in Categories D2, D3 and D5 is the turnover figure from the audited accounts for the financial year ended 2004. If the reporting period for an entity's audited accounts ending in 2004 is greater or less than 12 months, their accounting period and hence turnover will be pro-rated to a twelve-month period. If a firm is newly authorised in 2004, (i.e. the relevant year for the tariff data for the 2006 levy period) the turnover figure will be extracted from the audited accounts for 2004, if available. If audited accounts for a financial period ended in 2004 were not prepared, the turnover figure from the first set of audited accounts produced, pro-rated for the period of operation in 2004, will be used. If a firm is newly authorised in 2005, the turnover that will be used to calculate the levy is the turnover figure for the period from authorisation to 31 December 2005 as reported by the firm as part of the Capital Adequacy Return. |
| Type of regulated entity | Basis of calculation for required levy contributions | Basis of calculation for required levy contributions | Basis of calculation for required levy contributions | Basis of calculation for required levy contributions | Basis of calculation for required levy contributions |
| D2 – Receipt and Transmission of Orders and/or Provision of Investment Advice; No Client Money Rules Imposed | Periodic Levy All entities will be charged a minimum levy of €2,000. In addition to this amount all entities (with the relevant level of turnover) will be charged an additional amount based on the table below. | Periodic Levy All entities will be charged a minimum levy of €2,000. In addition to this amount all entities (with the relevant level of turnover) will be charged an additional amount based on the table below. | Periodic Levy All entities will be charged a minimum levy of €2,000. In addition to this amount all entities (with the relevant level of turnover) will be charged an additional amount based on the table below. | Periodic Levy All entities will be charged a minimum levy of €2,000. In addition to this amount all entities (with the relevant level of turnover) will be charged an additional amount based on the table below. | Periodic Levy All entities will be charged a minimum levy of €2,000. In addition to this amount all entities (with the relevant level of turnover) will be charged an additional amount based on the table below. |
| D2 – Receipt and Transmission of Orders and/or Provision of Investment Advice; No Client Money Rules Imposed | Band | Range € | Charge per €000m or part thereof | ||
| D2 – Receipt and Transmission of Orders and/or Provision of Investment Advice; No Client Money Rules Imposed | A | 150,001–500,000 | 10.43 | ||
| D2 – Receipt and Transmission of Orders and/or Provision of Investment Advice; No Client Money Rules Imposed | B | 500,001 – 2,000,000 | 3.32 | ||
| D2 – Receipt and Transmission of Orders and/or Provision of Investment Advice; No Client Money Rules Imposed | C | 2,000,001 – 15,000,000 | 1.81 | ||
| D2 – Receipt and Transmission of Orders and/or Provision of Investment Advice; No Client Money Rules Imposed | D | 15,000,001–100,000,000 | 0.20 | ||
| D2 – Receipt and Transmission of Orders and/or Provision of Investment Advice; No Client Money Rules Imposed | The turnover range is based on the turnover figure from the annual audited accounts for the year ended in 2004 that have been received by the Financial Regulator. | The turnover range is based on the turnover figure from the annual audited accounts for the year ended in 2004 that have been received by the Financial Regulator. | The turnover range is based on the turnover figure from the annual audited accounts for the year ended in 2004 that have been received by the Financial Regulator. | The turnover range is based on the turnover figure from the annual audited accounts for the year ended in 2004 that have been received by the Financial Regulator. | The turnover range is based on the turnover figure from the annual audited accounts for the year ended in 2004 that have been received by the Financial Regulator. |
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| Type of regulated entity | Basis of calculation for required levy contributions | Basis of calculation for required levy contributions | Basis of calculation for required levy contributions | Basis of calculation for required levy contributions | Basis of calculation for required levy contributions |
| D3 – PortfolioManagement; Execution of Orders; Client Money Rules Imposed | Periodic Levy All entities will be charged a minimum levy of €2,000. In addition to this amount all entities (with the relevant level of turnover) will be charged an additional amount based on the table below. | Periodic Levy All entities will be charged a minimum levy of €2,000. In addition to this amount all entities (with the relevant level of turnover) will be charged an additional amount based on the table below. | Periodic Levy All entities will be charged a minimum levy of €2,000. In addition to this amount all entities (with the relevant level of turnover) will be charged an additional amount based on the table below. | Periodic Levy All entities will be charged a minimum levy of €2,000. In addition to this amount all entities (with the relevant level of turnover) will be charged an additional amount based on the table below. | Periodic Levy All entities will be charged a minimum levy of €2,000. In addition to this amount all entities (with the relevant level of turnover) will be charged an additional amount based on the table below. |
| D3 – PortfolioManagement; Execution of Orders; Client Money Rules Imposed | Band | Range € | Charge per €m or part thereof | ||
| D3 – PortfolioManagement; Execution of Orders; Client Money Rules Imposed | A | 1,500,001 – 2,550,000 | 3,140.60 | ||
| D3 – PortfolioManagement; Execution of Orders; Client Money Rules Imposed | B | 2,550,001 – 12,500,000 | 1,001.48 | ||
| D3 – PortfolioManagement; Execution of Orders; Client Money Rules Imposed | C | 12,500,001 – 90,000,000 | 546.05 | ||
| D3 – PortfolioManagement; Execution of Orders; Client Money Rules Imposed | D | 90,000,001 – 300,000,000 | 60.42 | ||
| D3 – PortfolioManagement; Execution of Orders; Client Money Rules Imposed | The turnover range is based on the turnover figure from the annual audited accounts for the year ended in 2004 that have been received by the Financial Regulator. | The turnover range is based on the turnover figure from the annual audited accounts for the year ended in 2004 that have been received by the Financial Regulator. | The turnover range is based on the turnover figure from the annual audited accounts for the year ended in 2004 that have been received by the Financial Regulator. | The turnover range is based on the turnover figure from the annual audited accounts for the year ended in 2004 that have been received by the Financial Regulator. | The turnover range is based on the turnover figure from the annual audited accounts for the year ended in 2004 that have been received by the Financial Regulator. |
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| Type of regulated entity | Basis of calculation for required levy contributions | Basis of calculation for required levy contributions | Basis of calculation for required levy contributions | Basis of calculation for required levy contributions | Basis of calculation for required levy contributions |
| D4 – Own Account Trading; Underwriting; Client Money Rules Imposed | Periodic Levy All entities will be charged a minimum levy of €2,500. In addition to this amount all entities (with the relevant level of regulatory capital) will be charged an additional amount based on the table below. | Periodic Levy All entities will be charged a minimum levy of €2,500. In addition to this amount all entities (with the relevant level of regulatory capital) will be charged an additional amount based on the table below. | Periodic Levy All entities will be charged a minimum levy of €2,500. In addition to this amount all entities (with the relevant level of regulatory capital) will be charged an additional amount based on the table below. | Periodic Levy All entities will be charged a minimum levy of €2,500. In addition to this amount all entities (with the relevant level of regulatory capital) will be charged an additional amount based on the table below. | Periodic Levy All entities will be charged a minimum levy of €2,500. In addition to this amount all entities (with the relevant level of regulatory capital) will be charged an additional amount based on the table below. |
| D4 – Own Account Trading; Underwriting; Client Money Rules Imposed | Band | Range € | Charge per €m or part thereof | ||
| D4 – Own Account Trading; Underwriting; Client Money Rules Imposed | A | 750,001 – 5,500,000 | 1,187.74 | ||
| D4 – Own Account Trading; Underwriting; Client Money Rules Imposed | B | 5,500,001 – 26,500,000 | 378.75 | ||
| D4 – Own Account Trading; Underwriting; Client Money Rules Imposed | C | 26,500,001 – 100,000,000 | 206.51 | ||
| D4 – Own Account Trading; Underwriting; Client Money Rules Imposed | D | 100,000,001–300,000,000 | 22.85 | ||
| D4 – Own Account Trading; Underwriting; Client Money Rules Imposed | The range used is based on the higher of:- initial required regulatory capital; total required regulatory capital; total expenditure based requirement as at 31 December 2005 which is extracted from the capital adequacy return received by the Financial Regulator. | The range used is based on the higher of:- initial required regulatory capital; total required regulatory capital; total expenditure based requirement as at 31 December 2005 which is extracted from the capital adequacy return received by the Financial Regulator. | The range used is based on the higher of:- initial required regulatory capital; total required regulatory capital; total expenditure based requirement as at 31 December 2005 which is extracted from the capital adequacy return received by the Financial Regulator. | The range used is based on the higher of:- initial required regulatory capital; total required regulatory capital; total expenditure based requirement as at 31 December 2005 which is extracted from the capital adequacy return received by the Financial Regulator. | The range used is based on the higher of:- initial required regulatory capital; total required regulatory capital; total expenditure based requirement as at 31 December 2005 which is extracted from the capital adequacy return received by the Financial Regulator. |
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| Type of regulated entity | Basis of calculation for required levy contributions | Basis of calculation for required levy contributions | Basis of calculation for required levy contributions | Basis of calculation for required levy contributions | Basis of calculation for required levy contributions |
| D5 – Stock Exchange Member Firms | Periodic Levy All entities will be charged a minimum levy of €4,500. In addition to this amount all entities (with the relevant level of turnover) will be charged an additional amount based on the table below. | Periodic Levy All entities will be charged a minimum levy of €4,500. In addition to this amount all entities (with the relevant level of turnover) will be charged an additional amount based on the table below. | Periodic Levy All entities will be charged a minimum levy of €4,500. In addition to this amount all entities (with the relevant level of turnover) will be charged an additional amount based on the table below. | Periodic Levy All entities will be charged a minimum levy of €4,500. In addition to this amount all entities (with the relevant level of turnover) will be charged an additional amount based on the table below. | Periodic Levy All entities will be charged a minimum levy of €4,500. In addition to this amount all entities (with the relevant level of turnover) will be charged an additional amount based on the table below. |
| D5 – Stock Exchange Member Firms | Band | Range € | Charge per €m or part thereof | ||
| D5 – Stock Exchange Member Firms | A | 1,500,001–4,000,000 | 4,146.88 | ||
| D5 – Stock Exchange Member Firms | B | 4,000,001 – 15,000,000 | 1,322.36 | ||
| D5 – Stock Exchange Member Firms | C | 15,000,001 – 100,000,000 | 721.01 | ||
| D5 – Stock Exchange Member Firms | D | 100,000,001–200,000,000 | 79.78 | ||
| D5 – Stock Exchange Member Firms | The turnover range is based on the turnover figure from the annual audited accounts for the year ended 2004 that have been received by the Financial Regulator. | The turnover range is based on the turnover figure from the annual audited accounts for the year ended 2004 that have been received by the Financial Regulator. | The turnover range is based on the turnover figure from the annual audited accounts for the year ended 2004 that have been received by the Financial Regulator. | The turnover range is based on the turnover figure from the annual audited accounts for the year ended 2004 that have been received by the Financial Regulator. | The turnover range is based on the turnover figure from the annual audited accounts for the year ended 2004 that have been received by the Financial Regulator. |
CATEGORY E
Collective Investment Schemes and other Service Providers
| Type of regulated entity | Basis of calculation for required levy contributions | Basis of calculation for required levy contributions | Basis of calculation for required levy contributions | Basis of calculation for required levy contributions | Basis of calculation for required levy contributions |
| E1 – Collective Investment Schemes (CIS) (Authorised Unit Trusts; Authorised Investment Companies; Authorised Investment Limited Partnerships; Non-Irish Authorised Schemes) | Periodic Levy | Periodic Levy | Periodic Levy | Periodic Levy | Periodic Levy |
| E1 – Collective Investment Schemes (CIS) (Authorised Unit Trusts; Authorised Investment Companies; Authorised Investment Limited Partnerships; Non-Irish Authorised Schemes) | Fund type | Contribution per fund | Contribution per sub-fund | ||
| E1 – Collective Investment Schemes (CIS) (Authorised Unit Trusts; Authorised Investment Companies; Authorised Investment Limited Partnerships; Non-Irish Authorised Schemes) | Single | €2,050 | n/a | ||
| E1 – Collective Investment Schemes (CIS) (Authorised Unit Trusts; Authorised Investment Companies; Authorised Investment Limited Partnerships; Non-Irish Authorised Schemes) | Umbrella | €2,050 | €550 per sub-fund to a maximum of five sub- funds (maximum levy €4,800) | ||
| E1 – Collective Investment Schemes (CIS) (Authorised Unit Trusts; Authorised Investment Companies; Authorised Investment Limited Partnerships; Non-Irish Authorised Schemes) | All funds will pay a minimum contribution of €2,050 per annum. Umbrella style funds will also pay a per sub-fund contribution of €550 on the first five sub-funds resulting in a maximum contribution for umbrella funds of €4,800. | All funds will pay a minimum contribution of €2,050 per annum. Umbrella style funds will also pay a per sub-fund contribution of €550 on the first five sub-funds resulting in a maximum contribution for umbrella funds of €4,800. | All funds will pay a minimum contribution of €2,050 per annum. Umbrella style funds will also pay a per sub-fund contribution of €550 on the first five sub-funds resulting in a maximum contribution for umbrella funds of €4,800. | All funds will pay a minimum contribution of €2,050 per annum. Umbrella style funds will also pay a per sub-fund contribution of €550 on the first five sub-funds resulting in a maximum contribution for umbrella funds of €4,800. | All funds will pay a minimum contribution of €2,050 per annum. Umbrella style funds will also pay a per sub-fund contribution of €550 on the first five sub-funds resulting in a maximum contribution for umbrella funds of €4,800. |
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| E2a – Agency Fund Managers | Periodic levy The levy contribution for these regulated entities will be €1,500. | ||||
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| E2 – Service Providers to CIS E2b – Manager/ Administrator E2c – Trustee | Periodic Levy The levy contribution for these regulated entities will be assessed on the basis detailed below: | Periodic Levy The levy contribution for these regulated entities will be assessed on the basis detailed below: | Periodic Levy The levy contribution for these regulated entities will be assessed on the basis detailed below: | Periodic Levy The levy contribution for these regulated entities will be assessed on the basis detailed below: | Periodic Levy The levy contribution for these regulated entities will be assessed on the basis detailed below: |
| E2 – Service Providers to CIS E2b – Manager/ Administrator E2c – Trustee | Band | Range € | Charge per €m or part thereof | ||
| E2 – Service Providers to CIS E2b – Manager/ Administrator E2c – Trustee | A | 0 – 2,300,000,000 | Minimum Levy 4,500 | ||
| E2 – Service Providers to CIS E2b – Manager/ Administrator E2c – Trustee | B | €2.30bn–€6.00bn | 0.55 | ||
| E2 – Service Providers to CIS E2b – Manager/ Administrator E2c – Trustee | C | €6.00bn – €37.00bn | 0.18 | ||
| E2 – Service Providers to CIS E2b – Manager/ Administrator E2c – Trustee | D | €37.00bn – €130.00bn | 0.10 | ||
| E2 – Service Providers to CIS E2b – Manager/ Administrator E2c – Trustee | E | €130.00bn–€180.00bn | 0.01 | ||
| E2 – Service Providers to CIS E2b – Manager/ Administrator E2c – Trustee | The range is based on the Net Asset Value administered as at 31 December 2005 as reported to the Financial Regulator. | The range is based on the Net Asset Value administered as at 31 December 2005 as reported to the Financial Regulator. | The range is based on the Net Asset Value administered as at 31 December 2005 as reported to the Financial Regulator. | The range is based on the Net Asset Value administered as at 31 December 2005 as reported to the Financial Regulator. | The range is based on the Net Asset Value administered as at 31 December 2005 as reported to the Financial Regulator. |
CATEGORY F
Credit Unions
| Type of regulated entity | Basis of calculation for required levy contributions |
| F – Credit Unions | Periodic Levy |
| The required contributions from individual Credit Unions will be assessed as 0.01% of total assets reported in their annual returns setting out their balance sheet as at 30 September 2005, provided however that the total amount of levies collected or recovered from Credit Unions does not exceed the total amount of costs incurred by the Financial Regulator in performing the functions and exercising the powers of the Financial Regulator under the Credit Union Act, 1997 . | |
CATEGORY G
Moneylenders
| Type of regulated entity | Basis of calculation for required levy contributions |
| G – Moneylenders | Periodic Levy |
| A minimum contribution of €900 will be charged for each Moneylender. In addition a variable levy based on a percentage charge on the “Total value of loans outstanding” per the application for authorisation submitted in 2005 will also be charged. The maximum amount payable by a Moneylender is capped at €18,000. This levy contribution is to cover their operation in all Court Districts. | |
| Minimum levy - €900 | |
| Variable levy - 0.20% of total value of loans outstanding | |
| Maximum levy - €18,000 | |
CATEGORY H
H – Approved Professional Bodies
| Type of regulated entity | Basis of calculation for required levy contributions |
| H – Approved Professional Bodies | Periodic Levy |
| Each Approved Professional Body will be charged €6,600. | |
CATEGORY I
I – Exchanges
| Type of regulated entity | Basis of calculation for required levy contributions |
| I – Exchanges | Periodic Levy |
| Exchanges regulated by the Financial Regulator shall pay the following amounts of levy contributions in accordance with their applicable authorised status: | |
| “approved stock exchanges” authorised under the Stock Exchange Act, 1995 | |
| €65,650; | |
| “financial futures and options exchanges” authorised under the Central Bank Act, 1989 | |
| €17,675 | |
CATEGORY J
J – Bureau de Change/Money Transmitter
| Type of regulated entity | Basis of calculation for required levy contributions |
| J – Bureaux de Change/ Money Transmitter | Periodic Levy |
| The minimum levy payable by a Bureau de Change/Money Transmitter is €800. | |
| The periodic levy contribution is based on the number of places of business operated by each Bureau de Change/Money Transmitter. The contribution per place of business is €800. | |
| Places of business shall include the place of business of any branch of the Bureau de Change/Money Transmitter where any of the business of the Bureau de Change/Money Transmitter is carried out. | |
CATEGORY K
E–Money Providers
| Type of regulated entity | Basis of calculation for required levy contributions |
| K E-Money Provider | Periodic Levy |
| Each E-Money Provider will be required to pay a levy of €1,000. | |
CATEGORY L
Default Assessments
| Type of regulated entity | Basis of calculation for required levy contributions |
| Regulated entities falling within Regulation 11(d) | Periodic Levy |
| Each regulated entity falling within Regulation 11(d) shall pay a flat rate levy contribution of €3,600. | |
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| SIGNED on this the 24^th July 2006 | |
| [image omitted] CHIEF EXECUTIVE of the IRISH FINANCIAL SERVICES REGULATORY AUTHORITY |
EXPLANATORY NOTE
(This note is not part of the Instrument and does not purport to be a legal interpretation)
These Regulations, made by the Chief Executive of the Irish Financial Services Regulatory Authority in accordance with Sections 33J and 33 K of the Central Bank Act, 1942 (as amended) amend the Central Bank Act 1942 (Sections 33J and 33K) Regulations 2004 ( S.I. No. 447 of 2004 ) and the Central Bank Act 1942 (Sections 33J and 33K) Regulations 2005 ( S.I. No. 273 of 2005 ) which set out the requirements of regulated financial service providers to pay a levy contribution to the Financial Regualtor. The 2004 Regulations also provide for the collection and recovery of the levies as well as providing for certain obligations as to self-assessment and record keeping by regulated financial service providers. These Regulations will be published from time to time by the Financial Regulator on its website and in other ways that the Chief Executive thinks appropriate.
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Irish Statute Book
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Contains Irish Public Sector Information licensed under the Oireachtas (Houses of the Oireachtas) Open Data PSI Licence / Creative Commons Attribution 4.0 International, sourced from https://www.irishstatutebook.ie.