Country Years Estimated losses or costs

59

Appendix

Country Years Estimated losses or costs

(% of GDP)

Argentina* 1980 – 1982 55

Argentina* 1995 2

Brazil* 1994 – 1999 6.1

Chile* 1981 – 1983 42

Colombia* 1982 – 1987 5

Ghana* 1982 – 1989 6

Indonesia 1994 2

Indonesia* 1997 – 55

Malaysia 1985 – 1988 5

Mexico* 1994 – 1997 19,3

Philippines* 1981 – 1987 3

Sri Lanka* 1989 – 1993 5

Thailand* 1983 – 1987 1,5

Thailand* 1997 – 34,8

Turkey 1994 1

Uruguay* 1981 – 1984 31

Venezuela* 1994 – 1995 18

Average 17,2

Table 1: Costs of systemic (marked with an asterisk) and non-systemic banking crises in medium and low income countries

(source: Caprio and Klingebiel, 2003).

60 LTORs (Moody’s) Numeral ranking

Aaa 13

Aa1 12

Aa2 11

Aa3 10

A1 9

A2 8

A3 7

Baa1 6

Baa2 5

Baa3 4

Ba1 3

Ba2 2

Ba3 1

Table 2: Long term bank obligation ratings (LTORs)

BFSRs (Moody’s) Numeral ranking

A 13

A- 12

B+ 11

B 10

B- 9

C+ 8

C 7

C- 6

D+ 5

D 4

D- 3

E+ 2

E 1

Table 3: Bank Financial Strength Ratings (BFSRs)

61

Country ISO

code

Supervising authorities Contribution

financial sector 2006 (EUR Millions)

Austria AT Oesterreichische Nationalbank (OENB) 0

Austrian Financial Market Authority (FMA) 17,3

Belgium BE Commissie voor het Bank-, Financie- en Assurantiewezen (CBFA) 59,7

Rentenfonds (the Securities Regulation Fund) 0

Finland FI Rahoitustarkastus (RATA) 17,5

Vakuutusvalvontavirasto (Insurance Supervising Authority) (ISA) 5,9

France FR Commission bancaire (CB) 0

Comite des établissements de crédit et des entreprises d’investissement (CECEI)

0

Autorité des marches financiers (AMF) 53,8

Autorité de contrôle des assurances et des mutuelles (ACAM) 24,8

Comite des entreprises d’assurance (CEA) 0

Germany DE Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin) 136,6

Deutsche Bundesbank Onsite inspections

Ireland IE Irish Financial Services Regulatory Authority (IFSRA) 21,2

The Pensions Board (TPB) 4,6

Luxembourg LU Commission de Surveillance du Secteur Financier (CSSF) 32,7

Commissariat aux Assurances (CaA) 2,4

Netherlands NL De Nederlandsche Bank (DNB) 75,6

Autoriteit Financiële Markten (AFM) 48,7

Portugal PT Comissão do Mercado de Valores Mobiliários (CMVM) 18,4

Banco de Portugal (BdP) 0

Instituto de Seguros de Portugal (ISP) 17,2

Spain ES Comisión Nacional del Mercado de Valores (CNMV) 46,3

Banco de España 0

Dirección General de Seguros y Fondos de Pensiones (DGSFP) 0

Sweden SE Finansinspektionen (FI) 23,3

United Kingdom UK Financial Services Authority (FSA) 404,5

The Pensions Regulator (TPR) 65,4

Pension Protection Fund (PPF) 843,7

Table 4: Supervising authorities in the different countries and the contribution from the financial sector

1

International Organization for Standardisation (ISO)

2

Figures from 2005

3

Figures from 2005/06

AUSTRIA

Category Contribution 2006

(EUR)

% of total

Credit institutions 9.001.515 52,11

Insurance undertakings 3.952.780 22,88

Investment Service Providers 3.711.132 21,48

Pension companies 608.510 3,52

17.273.937 100

Table 5: contribution into costs Austrian Financial Market Authority (FMA)

BELGIUM

Category

Contribution 2006 (EUR)

% of total

Insurance companies, pension funds and capitalisation companies 14.000.000 23,45

Mortgage companies 900.000 1,51

Insurance intermediaries 3.600.000 6,03

Credit institutions, investment companies, management companies for collective 12.500.000 20,94 investment, companies for investment advice, derivative specialists

Intermediaries in bank and investment services 700.000 1,17

Exchange offices 200.000 0,34

Settlement and setoff institutions 600.000 1,01

Collective investment companies 20.400.000 34,17

Market companies 800.000 1,34

Quoted companies 4.400.000 7,37

Public issuers 900.000 1,51

Other 700.000 1,17

59.700.000 100

Table 6: contribution into costs Commissie voor het Bank-, Financie- en Assurantiewezen (CBFA)

FINLAND

Category

Supervision fees 2006 (EUR)

Application fees 2006 (EUR)

Total contribution (EUR)

Credit institutions 11.016.000 76.000

Fund Management Companies 2.216.000 216.000

Issuers of publicly traded shares 1.773.000 207.000

Investment firms 1.015.000 39.000

Stock exchange and clearing organisation 536.000

Central Security Depositors 215.000

Other supervised entities and securities issuers 130.000 54.000

16.901.000 592.000 17.493.000

Table 7: contribution into costs Rahoitustarkastus (RATA)

63 FINLAND

Category

Supervision fees 2006 (EUR)

Application fees 2006 (EUR)

Total contribution (EUR)

Life insurance companies 1.129.000 32.000

Non-life insurance companies 1.122.000 32.000

Employee pension insurance companies 1.472.000 63.000

Pension funds and other pension societies 624.000 50.000

Other insurance funds (employee sickness funds and other

employee benefit funds) 138.000 41.000

Pension institutions established by law 29.000 1.000

The local government pensions institution, pension fund of

the state and pension fund of the church 93.000

Pension security centre 17.000

Mutual insurance associations 153.000 12.000

Insurance brokers 100.000 15.000

Unemployment funds 702.000 24.000

Unemployment insurance fund and fund for training 11.000 1.000

Other supervised 31.000 3.000

5.621.000 274.000 5.895.000

Table 8: contribution into costs Finnish Insurance Supervisory Authority (ISA)

FRANCE

Category

Contribution 2006 (EUR)

Issuers 22.200.000

Financial intermediaries and infrastructures 31.600.000

Total 53.800.000

Table 9: contribution into costs Autorité des Marches Financiers (AMF)

Contribution 2006 (EUR)

Total 24.800.000

Table 10: contribution into costs Autorité de Contrôle des Assurances et des Mutuelles (ACAM)

GERMANY

Category Subcategory Supervisory fees

2006 (EUR)

Application fees 2006 (EUR)

Total contribution 2006 (EUR)

Banking industry 51.830.000

Insurance industry 30.207.000

Securities industry 23.954.000

Credit institutions 18.230.000

Intermediaries 1.166.000

Financial Services Institutions 2.120.000

Issuer 2.438.000

Enforcement 6.505.000

112.496.000 24.090.000 136.586.000

Table 11: contribution into costs BaFin

64 IRELAND

Category Net levy 2006 (EUR) % of total

Credit institutions 7.389.000 34,8

Insurance 4.128.000 19,4

Reinsurance 697.000 3,3

Intermediaries 2.375.000 11,2

Securities Firms 1.486.000 7,0

CIS and other service providers 3.562.000 16,8

Credit unions 1.294.000 6,1

Moneylenders 157.000 0,7

Approved Professional bodies 19.000 0,1

Exchanges 101.000 0,5

Bureau de Change/Money transmitters 36.000 0,2

Total 21.244.000 100

Table 12: contribution into costs Irish Financial Services Regulatory Authority (IFSRA)

Levy 2006 (EUR)

Application fees 2006 (EUR)

Total contribution 2006 (EUR)

OPS fees 4.236.000 0

PRSA fees 362.000 20.000

4.598.000 20.000 4.618.000

Table 13: Contribution into costs The Pensions Board (TPB)

LUXEMBOURG

Category

Supervision fees 2006

(EUR) % of total

Banks 10.768.110 32,93

Pension funds 98.100 0,30

Investment funds 14.770.590 45,17

Securities sector 2.527.710 7,73

Other 4.535.490 13,87

Total 32.700.000 100

Table 14: contribution into costs Commission de Surveillance du Secteur Financier (CSSF)

Category

Supervision fees 2006

(EUR) % of total

Direct insurance 1.330.150 55,37

Reinsurance 866.800 36,08

Company domiciliation agents 2000 0,08

Other 203.176 8,46

Total 2.402.126 100

Table 15: contribution into costs Commissariat aux Assurances (CaA)

65 THE NETHERLANDS

Category Levy 2006 (EUR) % of total

Accountants 880.000 1,8

Security markets 938.270 1,9

Security issuers 9.244.056 19,0

Security mediation 4.228.735 8,7

Investment firms 11.964.299 24,6

Financial service providers 1.511.460 3,1

Market abuse 1.084.350 2,2

Pension funds 3.798.884 7,8

Insurers 10.046.896 20,6

Emissions 961.280 2,0

Public security offers 992.571 2,0

Correction 3.079.199 6,3

Total AFM 48.730.000 100

Table 16: contribution into costs Autoriteit Financiële Markten (AFM)

Category Levy 2006 (EUR) % of total

Banks 31.290.000 41,4

Pension funds 17.970.000 23,8

Insurers 22.190.000 29,4

Other 4.140.000 5,5

Total DNB 75.590.000 100

Table 17: contribution into costs De Nederlandsche Bank (DNB)

PORTUGAL

Category

Fees 2005 (EUR)

Acts carried out by the CMVM and other fees 177.334,01

Individual portfolio management 1.532.648,94

Supervision of issuers 543.750,00

Ongoing supervision of CIS 6.837.777,38

Supervision of marketing in foreign CIS 94.100,00

Ongoing supervision of financial intermediaries 7.953.437,52

Supervision of special public debt market 60.000,00

Regulated markets' operators 480.000,00

Supervision of markets and operations 1,05

Central securities depositaries and settlement systems 672.000,00

Total 18.351.048,90

Table 18: contribution into costs Comissão do Mercado de Valores Mobiliários (CMVM)

Category

Fees 2006 (EUR)

Insurance undertakings 15.632.646

Pension funds management entities 1.547.555

Total 17.180.201

Table 19: contribution into costs Instituto de Seguros de Portugal (ISP)

66 SPAIN

Contribution 2006 (EUR)

Permission fees 10.905.500

Supervision of markets 22.037.800

Supervision of institutions 13.357.000

Other 6.800

Total 46.307.100

Table 20: contribution into costs Comisión Nacional del Mercado de Valores (CNMV)

SWEDEN

Category

Supervision fees 2006 (EUR)

Application fees 2006 (EUR)

Total contribution 2006 (EUR)

Banking companies and saving banks 5.474.000

Credit institutions 2.368.000

Security trading companies 1.600.000

Life insurance companies 3.283.000

Non-life insurance companies 1.604.000

Local, non-life insurance companies 653.000

Friendly societies (occupational pension insurance) 794.000

Stock exchanges, clearing operations 472.000

Mutual funds 1.115.000

Other institutions 969.000

18.332.000 4.948.396 23.280.396

Table 21: contribution into costs Finansinspektionen (FI)

67 UNITED KINGDOM

Category

Adjusted AFR 2006/07

(EUR) % of total

Deposit acceptors 81.285.650 20,1

Mortgage lendersand administrators 7.776.425 1,9

General insurers 22.742.375 5,6

Life insurers 60.890.875 15,1

Managing agents at Lloyd's 1.027.075 0,3

The Society of Lloyd's 1.613.975 0,4

Fund managers 37.414.875 9,2

Operators, Trustees and Depositaries of collective investment schemes and

operators of personal pension schemes or stakeholder pension schemes 6.896.075 1,7

Firms dealing as principal 19.807.875 4,9

Advisory arrangers, dealers or brokers (holding or controlling client money or

assets, or both) 25.236.700 6,2

Advisory arrangers, dealers or brokers (not holding or controlling client money or

assets, or both) 52.527.550 13,0

Corporate finance advisers 7.923.150 2,0

Mortgage lenders, advisers and arrangers 14.232.325 3,5

General insurance mediation 42.843.700 10,6

Other 22.302.200 5,5

Total FSA 404.520.825 100

Table 22: contribution into costs Financial Services Authority (FSA)

Net levy 2005/06 (EUR)

Total TPR 46.365.100

Total PPF administration levy 19.074.250

65.439.350 Table 23: contribution into costs The Pensions Regulator (TPR)

Levy estimate 2006/07 (EUR)

Total 843.668.750

Table 24: contribution Pension Protection Fund (PPF)

B E L G IU M C a te g o ry B a s e In te rv a l n e t c o n tr ib u ti o n s ( E U R ) N o te s In s u ra n c e c o m p a n ie s , p e n s io n f u n d s a n d P re m iu m i n c o m e 2 5 0 – 1 .4 6 7 .7 4 0 c a p it a lis a ti o n c o m p a n ie s M o rt g a g e c o m p a n ie s G lo b a l a m o u n t o f b a la n c e d u e 2 5 0 - 1 5 4 .7 2 0 In s u ra n c e i n te rm e d ia ri e s F ix e d a m o u n t p e r p e rs o n 1 2 0 - 2 5 5 .0 7 0 in s u ra n c e b ro k e rs - a n d a g e n ts p a y 1 0 0 % o f th e f ix e d a m o u n t; fo r th e a g e n ts a p p lie d f o r th e d is tr ib u ti o n t h e y p a y 3 0 % o f th e f ix e d a m o u n t p e r p e rs o n C re d it i n s ti tu ti o n s , in v e s tm e n t c o m p a n ie s , 1 /2 m a x im u m r e q u ir e d n e t a s s e ts 1 .3 8 0 - 1 .9 8 5 .3 3 0 * th e d if fe re n t b a s e s a p p ly t o d if fe re n t b a n d s : d e g re s s iv e s y s te m m a n a g e m e n t c o m p a n ie s f o r c o lle c ti v e i n v e s tm e n t 1 /4 g ro s s p ro fi ts * b ra n c h e s f ro m o th e r E U c o u n tr ie s : 1 /3 o f g ro s s p ro fi ts a n d b a la n c e s h e e t c o m p a n ie s , c o m p a n ie s f o r in v e s tm e n t a d v ic e , 1 /4 b a la n c e s h e e t to ta l to ta l is t a k e n i n to a c c o u n t d e ri v a te s p e c ia lis ts In te rm e d ia ri e s i n b a n k a n d i n v e s tm e n t s e rv ic e s F ix e d a m o u n t p e r p e rs o n 9 7 - 6 1 .2 3 6 R e g is te re d i n te rm e d ia ri e s p a y 1 0 0 % o f th e f ix e d a m o u n t. I n a d d it io n , th e y p a y 1 5 % f o r e a c h a p p lie d p e rs o n w h o i s i n c o n ta c t w it h t h e p u b lic a n d f o r e a c h p e rs o n w h o i s c h a rg e d w it h t h e e ff e c ti v e c o n tr o l o f th e i n te rm e d ia ry E x c h a n g e o ff ic e s F ix e d a m o u n t p e r o ff ic e 1 .3 9 0 - 4 7 .5 4 0 (+ ) v a ri a b le a m o u n t b a s e d o n a n n u a l tu rn o v e r S e tt le m e n t a n d s e to ff i n s ti tu ti o n s % o f c o m p a n y t u rn o v e r 1 6 5 .8 7 0 * B e lg iu m i n s ti tu ti o n s p a y a m in f ix e d a m o u n t w h e n t h e a p p lic a ti o n o f th e p e rc e n ta g e r e s u lt s i n a l o w e r a m o u n t th a n t h e f ix e d f e e * fo r n o n -B e lg iu m i n s ti tu ti o n s t h e f ix e d f e e a p p lie s t o m a x a m o u n t C o lle c ti v e i n v e s tm e n t c o m p a n ie s % o f m a n a g e d a s s e ts a n d % o f th e a m o u n t o f 1 8 5 - 1 .9 4 3 .9 5 0 * C IS w it h r ig h ts o f p a rt ic ip a ti o n a re l e v ie d b a s e d o n t h e ir m a n a g e d a s s e ts re g is tr a ti o n s * C IS i n c la im s p a y a p e rc e n ta g e o f th e ir m a n a g e d a s s e ts a s a o n e -o ff p a y m e n t fo r th e r e s e a rc h o f th e ir r e g is tr a ti o n f ile , a s w e ll a s a a n n u a l p e rc e n ta g e o f th e m a n a g e d a s s e ts a t th e e n d o f th e y e a r * o th e r fo re ig n C IS t h a n C IS i n c la im s p a y a f ix e d f e e t h a t d if fe rs f o r c o m p a n ie s i n s id e ( 2 .0 0 0 ) o r o u ts id e ( 1 0 .0 0 0 ) th e E E R M a rk e t c o m p a n ie s fi x e d o n c e -o n ly p e rm is s io n f e e 8 2 .3 2 3 - 6 8 0 .2 6 0 Q u o te d c o m p a n ie s fi x e d a m o u n t + f e e c h a rg e d b a s e d o n n e t a s s e ts 2 0 7 - 6 8 0 .2 6 0 P u b lic i s s u e rs fi x e d a m o u n t p e r ty p e o f b u s in e s s 2 0 7 - 6 9 6 .2 8 0 O th e r T a b le 2 5 : fe e s tr u c tu re C o m m is s ie v o o r h e t B a n k -, F in a n c ie - e n A s s u ra n ti e w e z e n ( C B F A )

6 9

F IN L A N D C a te g o ry S u b c a te g o ry F ix e d f e e ( E U R ) B a s is p ro p o rt io n a l fe e C h a rg e % C re d it i n s ti tu ti o n s C o m m e rc ia l b a n k s a n d l im it e d l ia b ili ty s a v in g s b a n k s a n d l im it e d l ia b ili ty c o o p e ra ti v e 6 .0 0 0 B a la n c e s h e e t to ta l c re d it i n s ti tu ti o n 0 ,0 0 2 7 5 b a n k s ( if f e e i n c o m e > n e t in te re s t in c o m e , b a s ic f e e i s r a is e d w it h 9 .0 0 0 ) (+ ) C a p it a l re q u ir e m e n t 0 ,0 6 S a v in g s b a n k s a n d c o o p e ra ti v e b a n k s 2 .0 0 0 B a la n c e s h e e t to ta l c re d it i n s ti tu ti o n 0 ,0 0 2 7 5 (i f fe e i n c o m e > n e t in te re s t in c o m e , b a s ic f e e i s r a is e d w it h 9 .0 0 0 ) (+ ) C a p it a l re q u ir e m e n t 0 ,0 6 O th e r c re d it i n s ti tu ti o n s 2 .0 0 0 B a la n c e s h e e t to ta l c re d it i n s ti tu ti o n 0 ,0 0 2 7 5 (+ ) C a p it a l re q u ir e m e n t 0 ,0 6 B ra n c h e s o f fo re ig n c re d it i n s ti tu ti o n s w h o s e h o m e s ta te i s w it h in t h e E E A 2 .0 0 0 B a la n c e s h e e t to ta l b ra n c h 0 ,0 0 1 6 B ra n c h e s o f fo re ig n c re d it i n s ti tu ti o n s w h o s e h o m e s ta te i s o u ts id e t h e E E A 3 .0 0 0 B a la n c e s h e e t to ta l b ra n c h 0 ,0 0 5 5 R e p re s e n ta ti v e o ff ic e s o f fo re ig n c re d it i n s ti tu ti o n s w h o s e h o m e s ta te i s o u ts id e t h e E E A 1 .0 0 0 0 In v e s tm e n t fi rm s In v e s tm e n t fi rm s 9 .0 0 0 A n n u a l tu rn o v e r 0 ,2 (+ ) C a p it a l re q u ir e m e n t 0 ,7 5 B ra n c h e s o f fo re ig n i n v e s tm e n t fi rm s w h o s e h o m e s ta te i s w it h in t h e E E A 2 .0 0 0 A n n u a l tu rn o v e r 0 ,1 6 B ra n c h e s o f fo re ig n i n v e s tm e n t fi rm s w h o s e h o m e s ta te i s o u ts id e t h e E E A 3 .0 0 0 A n n u a l tu rn o v e r 0 ,3 5 R e p re s e n ta ti v e o ff ic e s o f fo re ig n i n v e s tm e n t fi rm s w h o s e h o m e s ta te i s o u ts id e t h e E E A 1 .0 0 0 0 F u n d m a n a g e m e n t c o m p a n ie s F u n d m a n a g e m e n t c o m p a n ie s 4 .0 0 0 T o ta l a s s e ts 0 ,0 0 5 5 (+ ) A n n u a l tu rn o v e r 0 ,3 5 B ra n c h e s o f fo re ig n f u n d m a n a g e m e n t c o m p a n ie s w h o s e h o m e s ta te i s w it h in t h e E E A 2 .0 0 0 A n n u a l tu rn o v e r 0 ,2 1 B ra n c h e s o f fo re ig n f u n d m a n a g e m e n t c o m p a n ie s w h o s e h o m e s ta te i s o u ts id e t h e E E A 3 .0 0 0 A n n u a l tu rn o v e r 0 ,5 3 R e p re s e n ta ti v e o ff ic e s o f fo re ig n f u n d m a n a g e m e n t c o m p a n ie s w h o s e h o m e s ta te 1 .0 0 0 0 is o u ts id e t h e E E A O th e r e n ti ti e s ( b a s ic f e e o n ly ) Is s u e rs o f p u b lic ly t ra d e d s h a re s 1 6 .0 0 0 o th e r O th e r e n ti ti e s s e c u ri ti e s e x c h a n g e s , o p ti o n s c o rp o ra ti o n s a n d c le a ri n g A n n u a l tu rn o v e r 1 ,5 (p ro p o rt io n a l fe e o n ly ) c o rp o ra ti o n s (m in . 5 0 .0 0 0 ) T a b le 2 6 : fe e s tr u c tu re R a h o it u s ta rk a s tu s ( R A T A )

7 0

F IN L A N D S u p e rv is e d g ro u p F ix e d f e e ( E U R ) P re m iu m s w ri tt e n ( 2 0 0 4 ) T o ta l te c h n ic a l T o ta l v a lu e e u ro / % p ro v is io n s ( 2 0 0 4 ) o f a s s e ts ( 2 0 0 4 ) p e rs o n a s % % in s u ra n c e b ro k e r 1 . L if e i n s u ra n c e c o m p a n ie s 7 .4 8 0 0 ,0 1 8 0 0 ,0 0 1 9 2 . N o n -l if e i n s u ra n c e c o m p a n ie s 7 .4 8 0 0 ,0 1 5 8 0 ,0 0 5 9 3 . E m p lo y e e p e n s io n i n s u ra n c e c o m p a n ie s 7 .4 8 0 0 ,0 1 7 9 4 . P e n s io n f u n d s a n d o th e r p e n s io n s o c ie ti e s 7 7 0 0 ,0 3 0 3 0 ,0 0 2 6 5 . O th e r in s u ra n c e f u n d s ( e m p lo y e e s ic k n e s s f u n d s 7 7 0 0 ,0 6 3 8 a n d o th e r e m p lo y e e b e n e fi t fu n d s ) 6 . P e n s io n i n s ti tu ti o n s e s ta b lis h e d b y l a w 3 .7 4 0 0 ,0 0 7 7 7 . T h e l o c a l g o v e rn m e n t p e n s io n s i n s ti tu ti o n , p e n s io n 1 5 .0 0 0 0 ,0 0 0 4 fu n d o f th e s ta te a n d p e n s io n f u n d o f th e c h u rc h 8 . P e n s io n s e c u ri ty c e n tr e 1 4 .8 5 0 9 . M u tu a l in s u ra n c e a s s o c ia ti o n s 7 7 0 0 ,0 2 9 8 0 ,0 2 7 1 1 0 . In s u ra n c e b ro k e rs 7 7 0 1 4 7 1 1 . U n e m p lo y m e n t fu n d s 3 .7 4 0 0 ,6 4 0 6 1 2 . U n e m p lo y m e n t in s u ra n c e f u n d a n d f u n d f o r tr a in in g 6 .4 9 0 0 ,0 0 3 2 1 3 . O th e r s u p e rv is e d 7 7 0 0 ,0 0 2 5 T a b le 2 7 : fe e s tr u c tu re F in n is h I n s u ra n c e S u p e rv is in g A u th o ri ty ( IS A )

IR E L A N D C a te g o ry S u b c a te g o ry F ix e d f e e B a s is p ro p o rt io n a l fe e B a n d s ( E U R ) C h a rg e E x a m p le C a lc u la ti o n C re d it i n s ti tu ti o n s A u th o ri z e d u n d e r Ir is h l e g is la ti o n 4 .5 0 0 R e q u ir e d r e g u la to ry c a p it a l (+ ) 1 6 0 - 2 9 0 m ln 4 1 7 ,8 2 p e r m ln 2 0 0 m ln 2 1 2 1 2 ,8 (+ ) 2 9 0 - 1 .0 0 0 m ln 1 3 3 ,2 3 p e r m ln 5 0 0 m ln 8 6 8 1 3 ,8 (+ ) 1 .0 0 0 - 5 .0 0 0 m ln 7 2 ,6 5 p e r m ln 3 0 0 0 m ln 2 9 8 7 7 3 ,8 (+ ) 5 .0 0 0 - 9 .0 0 0 m ln 8 ,0 4 p e r m ln 7 0 0 0 m ln 4 6 0 0 8 9 ,9 In a d d it io n , a c o n s u m e r fe e i s p a y a b le b y c re d it i n s ti tu ti o n s t h a t e n g a g e i n r e ta il le n d in g o r re ta il d e p o s it t a k in g 1 .5 0 0 R e ta il le n d in g a n d (+ ) 5 0 - 1 .0 0 0 m ln 5 7 p e r m ln 5 0 0 m ln 2 7 1 5 0 re ta il d e p o s it s (+ ) 1 .0 0 0 - 1 3 .5 0 0 m ln 1 8 ,1 7 p e r m ln 1 0 0 0 0 m ln 2 1 9 1 8 0 (+ ) 1 3 .5 0 0 - 3 0 .0 0 0 m ln 9 ,9 1 p e r m ln 2 0 .0 0 0 m ln 3 4 7 1 9 0 (+ ) 3 0 .0 0 0 - 5 0 .0 0 0 m ln 1 ,1 0 p e r m ln 4 0 .0 0 0 m ln 4 5 7 2 9 0 A u th o ri z e d i n a n o th e r E E A S ta te 1 .5 0 0 R e ta il le n d in g a n d (+ ) 5 0 - 1 .0 0 0 m ln 5 7 p e r m ln o p e ra ti n g i n I re la n d o n a b ra n c h b a s is re ta il d e p o s it s (+ ) 1 .0 0 0 - 1 3 .5 0 0 m ln 1 8 ,1 7 p e r m ln (E n g a g e i n r e ta il le n d in g o r (+ ) 1 3 .5 0 0 - 3 0 .0 0 0 m ln 9 ,9 1 p e r m ln re ta il d e p o s it t a k in g ) (+ ) 3 0 .0 0 0 - 5 0 .0 0 0 m ln 1 ,1 0 p e r m ln a u th o ri z e d i n a n o th e r E E A S ta te 0 R e ta il le n d in g a n d (+ ) 5 0 - 1 .0 0 0 m ln 5 7 p e r m ln o p e ra ti n g i n I re la n d o n a c ro s s -b o rd e r re ta il d e p o s it s (+ ) 1 .0 0 0 - 1 3 .5 0 0 m ln 1 8 ,1 7 p e r m ln b a s is (+ ) 1 3 .5 0 0 - 3 0 .0 0 0 m ln 9 ,9 1 p e r m ln (E n g a g e i n r e ta il le n d in g o r (+ ) 3 0 .0 0 0 - 5 0 .0 0 0 m ln 1 ,1 0 p e r m ln re ta il d e p o s it t a k in g ) L if e i n s u ra n c e L if e c o m p a n ie s w it h I ri s h H e a d O ff ic e 4 .5 0 0 g ro s s p re m iu m i n c o m e (+ ) 6 6 - 1 7 0 m ln 1 1 3 ,7 9 p e r m ln 1 5 0 m ln 1 4 0 5 8 ,3 6 a n d c o m p a n ie s a u th o ri z e d (+ ) 1 7 0 - 5 2 5 m ln 3 6 ,2 8 p e r m ln 4 0 0 m ln 2 4 6 7 8 ,5 6 in a n o th e r n o n -E E A S ta te (+ ) 5 2 5 - 1 .5 0 0 m ln 1 9 ,7 8 p e r m ln 1 0 0 0 m ln 3 8 6 0 9 ,0 6 O p e ra ti n g i n I re la n d (+ ) 1 .5 0 0 - 5 .0 0 0 m ln 2 ,1 9 p e r m ln 4 0 0 0 m ln 5 3 9 7 4 ,0 6 In a d d it io n , a c o n s u m e r le v y i s p a y a b le b y e n ti ti e s t h a t g e n e ra te p re m iu m i n c o m e o n I ri s h r is k b u s in e s s 1 .5 0 0 g ro s s p re m iu m i n c o m e (+ ) 6 ,5 - 5 0 m ln 4 2 9 ,0 7 p e r m ln 4 0 m ln 1 5 8 7 3 ,8 4 5 (+ ) 5 0 - 6 0 0 m ln 1 3 6 ,8 2 p e r m ln 4 0 0 m ln 6 8 0 5 1 ,5 4 5 (+ ) 6 0 0 - 2 .0 0 0 m ln 7 4 ,6 0 p e r m ln 1 0 0 0 m ln 1 2 5 2 5 5 ,5 4 5 (+ ) 2 .0 0 0 - 5 .0 0 0 m ln 8 ,2 5 p e r m ln 4 0 0 0 m ln 2 1 6 3 5 5 ,5 4 5 a u th o ri z e d i n a n o th e r n o n -E E A S ta te 1 .5 0 0 g ro s s p re m iu m i n c o m e (+ ) 6 ,5 - 5 0 m ln 4 2 9 ,0 7 p e r m ln o p e ra ti n g i n I re la n d o n a b ra n c h b a s is (+ ) 5 0 - 6 0 0 m ln 1 3 6 ,8 2 p e r m ln (e n g a g e i n w ri ti n g o f Ir is h r is k b u s in e s s ) (+ ) 6 0 0 - 2 .0 0 0 m ln 7 4 ,6 0 p e r m ln (+ ) 2 .0 0 0 - 5 .0 0 0 m ln 8 ,2 5 p e r m ln

7 2

a u th o ri z e d i n a n o th e r n o n -E E A S ta te 0 g ro s s p re m iu m i n c o m e (+ ) 6 ,5 - 5 0 m ln 4 2 9 ,0 7 p e r m ln o p e ra ti n g i n I re la n d o n a c ro s s b o rd e r (+ ) 5 0 - 6 0 0 m ln 1 3 6 ,8 2 p e r m ln b a s is (+ ) 6 0 0 - 2 .0 0 0 m ln 7 4 ,6 0 p e r m ln (e n g a g e i n w ri ti n g o f Ir is h r is k b u s in e s s ) (+ ) 2 .0 0 0 - 5 .0 0 0 m ln 8 ,2 5 p e r m ln N o n -l if e i n s u ra n c e Ir is h H e a d O ff ic e 4 .5 0 0 g ro s s p re m iu m i n c o m e (+ ) 5 - 1 0 m ln 2 9 0 ,1 5 p e r m ln 7 m ln 5 0 8 0 ,3 (+ ) 1 0 - 6 0 m ln 9 2 ,5 2 p e r m ln 4 0 m ln 8 7 2 6 ,3 5 (+ ) 6 0 - 4 7 5 m ln 5 0 ,4 5 p e r m ln 4 0 0 m ln 2 7 7 2 9 ,7 5 (+ ) 4 7 5 - 1 .0 0 0 m ln 5 ,5 8 p e r m ln 8 0 0 m ln 3 3 3 2 7 In a d d it io n , a c o n s u m e r le v y i s p a y a b le b y e n ti ti e s t h a t g e n e ra te p re m iu m i n c o m e o n I ri s h r is k b u s in e s s 1 .5 0 0 g ro s s p re m iu m i n c o m e (+ ) 0 ,5 7 - 1 ,5 m ln 1 .0 1 2 ,4 p e r m ln 1 m ln 1 9 3 5 ,3 3 2 (+ ) 1 ,5 - 6 2 m ln 3 2 2 ,8 3 p e r m ln 4 0 m ln 1 4 8 7 0 ,4 8 7 (+ ) 6 2 - 4 0 0 m ln 1 7 6 ,0 2 p e r m ln 4 0 0 m ln 8 1 4 6 7 ,5 0 7 (+ ) 4 0 0 - 1 .0 0 0 m ln 1 9 ,4 8 p e r m ln 8 0 0 m ln 8 9 2 5 9 ,5 0 7 a u th o ri z e d i n a n o th e r E E A S ta te o p e ra ti n g 1 .5 0 0 g ro s s p re m iu m i n c o m e (+ ) 0 ,5 7 - 1 ,5 m ln 1 .0 1 2 ,4 p e r m ln in I re la n d o n a b ra n c h b a s is (+ ) 1 ,5 - 6 2 m ln 3 2 2 ,8 3 p e r m ln e n g a g e i n w ri ti n g o f Ir is h r is k b u s in e s s (+ ) 6 2 - 4 0 0 m ln 1 7 6 ,0 2 p e r m ln (+ ) 4 0 0 - 1 .0 0 0 m ln 1 9 ,4 8 p e r m ln a u th o ri z e d i n a n o th e r E E A S ta te o p e ra ti n g 0 g ro s s p re m iu m i n c o m e (+ ) 0 ,5 7 - 1 ,5 m ln 1 .0 1 2 ,4 p e r m ln in I re la n d o n a c ro s s -b o rd e r b a s is (+ ) 1 ,5 - 6 2 m ln 3 2 2 ,8 3 p e r m ln (+ ) 6 2 - 4 0 0 m ln 1 7 6 ,0 2 p e r m ln (+ ) 4 0 0 - 1 .0 0 0 m ln 1 9 ,4 8 p e r m ln R e in s u ra n c e w it h I ri s h H e a d 2 .5 0 0 G ro s s w ri tt e n p re m iu m a n d (+ ) 6 - 1 8 ,2 5 m ln 3 3 ,3 2 p e r m ln 1 8 ,2 5 m ln 2 9 0 8 ,1 7 O ff ic e g ro s s t e c h n ic a l re s e rv e s (+ ) 1 8 ,2 5 - 3 2 5 m ln 1 0 ,6 2 p e r m ln 3 2 5 m ln 6 1 6 5 ,8 5 5 (+ ) 3 2 5 - 2 .5 0 0 m ln 5 ,7 9 p e r m ln 2 5 0 0 m ln 1 8 7 5 9 ,1 0 5 (+ ) 2 .5 0 0 - 8 .0 0 0 m ln 0 ,6 4 p e r m ln 8 0 0 0 m ln 2 2 2 7 9 ,1 0 5 E -m o n e y S e rv ic e P ro v id e rs 1 .0 0 0 D e fa u lt A s s e s s m e n t 3 .6 0 0 In te rm e d ia ri e s In c o m e f ro m r e g u la te d 0 - 5 .0 0 0 1 5 0 0 1 5 0 a c ti v it ie s 5 .0 0 0 - 5 0 .0 0 0 2 0 0 1 0 .0 0 0 2 0 0 5 0 .0 0 0 - 1 5 0 .0 0 0 5 0 0 1 0 0 .0 0 0 5 0 0 1 5 0 .0 0 0 - 4 0 0 .0 0 0 8 0 0 3 0 0 .0 0 0 8 0 0 4 0 0 .0 0 0 - 7 0 0 .0 0 0 1 .6 0 0 5 0 0 .0 0 0 1 6 0 0 7 0 0 .0 0 0 - 1 .5 0 0 .0 0 0 3 .4 0 0 1 .0 0 0 .0 0 0 3 4 0 0

7 3

1 .5 0 0 .0 0 0 - 3 .0 0 0 .0 0 0 8 .0 0 0 3 .0 0 0 .0 0 0 8 0 0 0 3 .0 0 0 .0 0 0 - 6 .0 0 0 .0 0 0 1 4 .0 0 0 5 .0 0 0 .0 0 0 1 4 0 0 0 > 6 .0 0 0 .0 0 0 1 8 .0 0 0 7 .0 0 0 .0 0 0 1 8 0 0 0 S e c u ri ti e s a n d D e s ig n a te d f u n d m a n a g e rs 1 .0 0 0 in v e s tm e n t fi rm s R e c e ip t a n d t ra n s m is s io n o f o rd e rs 2 .0 0 0 T u rn o v e r (+ ) 1 5 0 .0 0 0 - 5 0 0 .0 0 0 1 0 ,4 3 p e r th o u s a n d 5 0 0 .0 0 0 5 6 5 0 ,5 a n d /o r p ro v is io n o f in v e s tm e n t a d v ic e ; (+ ) 5 0 0 .0 0 0 - 2 .0 0 0 .0 0 0 3 ,3 2 p e r th o u s a n d 2 .0 0 0 .0 0 0 1 0 6 3 0 ,5 n o c lie n t m o n e y r u le s i m p o s e s (+ ) 2 .0 0 0 .0 0 0 - 1 5 .0 0 0 .0 0 0 1 ,8 1 p e r th o u s a n d 1 5 .0 0 0 .0 0 0 3 4 1 6 0 ,5 (+ ) 1 5 .0 0 0 .0 0 0 - 1 0 0 .0 0 0 .0 0 0 0 ,2 p e r th o u s a n d 1 0 0 .0 0 0 .0 0 0 5 1 1 6 0 ,5 P o rt fo lio m a n a g e m e n t; e x e c u ti o n o f 2 .0 0 0 T u rn o v e r (+ ) 1 ,5 - 2 ,5 5 m ln 3 .1 4 0 ,6 0 p e r m ln 2 ,5 5 m ln 5 2 9 7 ,6 3 o rd e rs ; c lie n t m o n e y r u le s i m p o s e d (+ ) 2 ,5 5 - 1 2 ,5 m ln 1 .0 0 1 ,4 8 p e r m ln 1 2 ,5 m ln 1 5 2 6 2 ,3 5 6 (+ ) 1 2 ,5 - 9 0 m ln 5 4 6 ,0 5 p e r m ln 9 0 m ln 5 7 5 8 1 ,2 3 1 (+ ) 9 0 m ln - 3 0 0 m ln 6 0 ,4 2 p e r m ln 3 0 0 m ln 7 0 2 6 9 ,4 3 1 O w n a c c o u n t tr a d in g ; u n d e rw ri ti n g ; 2 .5 0 0 R e g u la to ry c a p it a l (+ ) 0 ,7 5 - 5 ,5 m ln 1 .1 8 7 ,7 4 p e r m ln 5 ,5 m ln 8 1 4 1 ,7 6 5 c lie n t m o n e y r u le s i m p o s e d (+ ) 5 ,5 - 2 6 ,5 m ln 3 7 8 ,7 5 p e r m ln 2 6 ,5 m ln 1 6 0 9 5 ,5 1 5 (+ ) 2 6 ,5 - 1 0 0 m ln 2 0 6 ,5 1 p e r m ln 1 0 0 m ln 3 1 2 7 4 (+ ) 1 0 0 - 3 0 0 m ln 2 2 ,8 5 p e r m ln 3 0 0 m ln 3 5 8 4 4 S to c k e x c h a n g e m e m b e r fi rm s 4 .5 0 0 T u rn o v e r (+ ) 1 ,5 - 4 m ln 4 1 4 6 ,8 8 p e r m ln 4 m ln 1 4 8 6 7 ,2 (+ ) 4 - 1 5 m ln 1 .3 2 2 ,3 6 p e r m ln 1 5 m ln 2 9 4 1 3 ,1 6 (+ ) 1 5 - 1 0 0 m ln 7 2 1 ,0 1 p e r m ln 1 0 0 m ln 4 0 2 2 8 ,3 1 (+ ) 1 0 0 - 2 0 0 m ln 7 9 ,7 8 p e r m ln 2 0 0 m ln 4 8 2 0 6 ,3 1 C IS a n d o th e r C IS s in g le f u n d 2 .0 5 0 S e rv ic e P ro v id e rs C IS u m b re lla 2 .0 5 0 5 5 0 p e r s u b -f u n d t o 4 s u b f u n d s 4 2 5 0 a m a x im u m o f 5 s u b - fu n d s A g e n c y f u n d m a n a g e rs 1 .5 0 0 M a n a g e r/ A d m in is tr a to r a n d T ru s te e 4 .5 0 0 N e t a s s e t v a lu e a d m in is te re d 0 - 2 .3 0 0 m ln 0 2 3 0 0 m ln 4 5 0 0 (+ ) 2 .3 0 0 - 6 .0 0 0 m ln 0 ,5 5 p e r m ln 6 0 0 0 m ln 6 5 3 5 (+ ) 6 .0 0 0 - 3 7 .0 0 0 m ln 0 ,1 8 p e r m ln 3 7 0 0 0 m ln 1 2 1 1 5 (+ ) 3 7 .0 0 0 - 1 3 0 .0 0 0 m ln 0 ,1 0 p e r m ln 1 3 0 0 0 0 m ln 2 1 4 1 5 (+ ) 1 3 0 .0 0 0 - 1 8 0 .0 0 0 m ln 0 ,0 1 p e r m ln 1 8 0 0 0 0 m ln 2 1 9 1 5 C re d it U n io n s T o ta l a s s e ts 0 ,0 1 %

7 4

M o n e y le n d e rs 9 0 0 T o ta l v a lu e o f lo a n s o u ts ta n d in g 0 ,2 % ( m a x 1 8 .0 0 0 ) 2 0 0 .0 0 0 1 3 0 0 A p p ro v e d P ro fe s s io n a l B o d ie s 6 .6 0 0 E x c h a n g e s a p p ro v e d s to c k e x c h a n g e s 6 5 .6 5 0 fi n a n c ia l fu tu re s a n d o p ti o n s e x c h a n g e s 1 7 .6 7 5 B u re a u d e C h a n g e

8 0 0 p e r p la c e o f b u s in e s s o p e ra te d T a b le 2 8 : fe e s tr u c tu re I ri s h F in a n c ia l S e rv ic e s R e g u la to ry A u th o ri ty ( IF S R A ) C a te g o ry B a s is p ro p o rt io n a l fe e B a n d s ( E U R ) C h a rg e O c c u p a ti o n a l P e n s io n S c h e m e s N u m b e r o f m e m b e rs 1 9 ,5 p e r m e m b e r (+ ) 2 -5 0 0 9 ,5 p e r m e m b e r (+ ) 5 0 1 -1 0 0 0 4 .7 5 0 f la t fe e (+ ) > 1 0 0 0 4 ,7 5 p e r m e m b e r P e rs o n a l R e ti re m e n t S a v in g s P ro d u c ts re g is te re d p ro d u c ts 2 0 0 0 p e r re g is te re d p ro d u c t (+ ) a s s e ts u n d e r m a n a g e m e n t 0 ,0 5 % T a b le 2 9 : fe e s tr u c tu re T h e P e n s io n s B o a rd ( T P B )

7 5

L U X E M B O U R G C a te g o ry S u b c a te g o ry F ix e d f e e B a s is B a n d s ( E U R ) A d d . fi x e d fe e A p p li c a ti o n f e e N o te C re d it i n s ti tu ti o n s 1 2 .5 0 0 B a la n c e s h e e t to ta l 0 - 2 5 0 m ln 2 7 .2 5 0 In a d d it io n , a f ix e d f e e o f 1 0 .0 0 0 f o r e a c h b a n k in g s u b s id ia ry c o m p a n y 2 5 0 - 1 .2 5 0 m ln 3 4 .0 0 0 In a d d it io n , a f ix e d f e e o f 5 .0 0 0 f o r e a c h in v e s tm e n t s u b s id ia ry c o m p a n y > 1 .2 5 0 m ln 5 5 .0 0 0 In a d d it io n , a f ix e d f e e o f 1 0 .0 0 0 f o r e a c h b ra n c h t h a t is e s ta b lis h e d a b ro a d In a d d it io n , a f ix e d f e e o f 1 2 5 a m e n d e d a t th e e x p e n s e o f e a c h c o u n tr y p a y -d e s k S e c u ri ti e s m a rk e ts 3 7 5 .0 0 0 C o lle c ti v e i n v e s tm e n t fi rm s C I fi rm s u n d e r th e l a w o f L u x e m b o u rg 2 .6 5 0 2 .6 5 0 C I fi rm s w it h m u lt ip le d e p a rt m e n ts 5 .0 0 0 5 .0 0 0 O th e r C I fi rm s P e n s io n f u n d s S e p c a v ( S o c ié té d ’é p a rg n e -p e n s io n a 2 .6 5 0 2 .6 5 0 c a p it a l v a ri a b le ) S e p c a v w it h m u lt ip le d e p a rt m e n ts 5 .0 0 0 5 .0 0 0 A s s e p ( A s s o c ia ti o n s d ’é p a rg n e -p e n s io n ) 3 .2 5 0 3 .2 5 0 A s s e p w it h m u lt ip le d e p a rt m e n ts 6 .2 5 0 6 .2 5 0 O th e r (a ll fi x e d f e e s ) T a b le 3 0 : fe e s tr u c tu re C o m m is s io n d e S u rv e ill a n c e d u S e c te u r F in a n c ie r (C S S F )

7 6

T H E N E T H E R L A N D S C a te g o ry S u b c a te g o ry F ix e d F e e (E U R ) B a s e p ro p o rt io n a l fe e B a n d s V a ri a b le f e e (E U R ) T y p ic a l s e c u ri ti e s c o n d u c t s u p e rv is io n E x a m p le C a lc u la ti o n A s s e t m a n a g e m e n t c o m p a n ie s L ic e n c e -h o ld e r 5 .0 0 0 T o ta l b a la n c e s h e e t 0 - 3 .5 0 0 m ln 2 5 ,1 0 p e r 4 5 0 .0 0 0 0 3 .5 0 0 m ln 2 0 0 2 2 2 (+ ) 3 .5 0 0 m ln - 5 .0 0 0 m ln 1 0 p e r 4 5 0 .0 0 0 5 .0 0 0 m ln 2 3 3 5 5 6 (+ ) > 5 .0 0 0 m ln 0 8 .0 0 0 m ln 2 3 3 5 5 6 S to c k e x c h a n g e s 0 T ra n s a c ti o n s 0 - 1 0 .0 0 0 5 0 .0 0 0 n /a 1 0 .0 0 0 5 0 0 0 0 1 0 .0 0 0 - 2 5 0 .0 0 0 1 2 0 .0 0 0 2 5 0 .0 0 0 1 2 0 0 0 0 2 5 0 .0 0 0 - 1 .2 5 0 .0 0 0 2 4 0 .0 0 0 1 .2 5 0 .0 0 0 2 4 0 0 0 0 1 .2 5 0 .0 0 0 - 1 0 m ln 4 8 0 .0 0 0 1 .5 0 0 .0 0 0 4 8 0 0 0 0 > 1 0 m ln 8 3 0 .0 0 0 1 2 .0 0 0 .0 0 0 8 3 0 0 0 0 S e c u ri ti e s m e d ia to rs N o t fo r o w n a c c o u n t 5 .5 0 0 S to c k a c c o u n ts 0 - 1 0 .0 0 0 7 p e r s to c k a c c o u n t n /a 1 0 .0 0 0 7 5 5 0 0 (i n c lu d in g c re d it i n s ti tu ti o n s (+ ) 1 0 .0 0 0 - 2 0 .0 0 0 5 p e r s to c k a c c o u n t 2 0 .0 0 0 1 2 5 5 0 0 w it h s e c u ri ty a c ti v it ie s ) (+ ) 2 0 .0 0 0 - 4 0 0 .0 0 0 1 ,2 p e r s to c k a c c o u n t 4 0 0 .0 0 0 5 8 1 5 0 0 (+ ) > 4 0 0 .0 0 0 0 ,3 5 p e r s to c k a c c o u n t 5 0 0 .0 0 0 6 1 6 5 0 0 F o r o w n a c c o u n t 1 .0 0 0 D e a le rs 1 d e a le r 0 n /a 1 1 0 0 0 (+ ) 2 -5 d e a le rs 4 0 0 p e r d e a le r 5 2 6 0 0 (+ ) > 5 d e a le rs 4 5 0 p e r d e a le r 1 0 4 8 5 0 S e c u ri ti e s i s s u e rs O th e r in s ti tu ti o n s w it h s h a re q u o ta ti o n 0 A v e ra g e m a rk e t 0 - 5 0 0 m ln 3 4 0 0 n /a 5 0 0 m ln 3 4 0 0 (S u p e rv is io n p ri c e c a p it a liz a ti o n 5 0 0 - 6 .5 0 0 m ln 1 0 .7 0 0 6 5 0 0 m ln 1 0 7 0 0 s e n s it iv e i n fo rm a ti o n ) > 6 .5 0 0 m ln 2 2 .0 0 0 9 0 0 0 m ln 2 2 0 0 0 In v e s tm e n t c o m p a n y 7 5 0 0 O th e r n o te d i n s ti tu ti o n s ( d e b t p a p e r) 3 6 5 0 S e c u ri ti e s i s s u e rs (W e t m e ld in g z e g g e n s c h a p ) In v e s tm e n t c o m p a n y w it h v a ri a b le c a p it a l 0 0 n /a O th e r tr a d in g p a rt n e rs h ip s 3 .5 8 0 0 C re d it i n s ti tu ti o n s W e t F in a n c ië le D ie n s tv e rl e n in g 2 .0 0 0 R is k W e ig h te d A s s e ts 0 - 1 b n 8 ,5 0 p e r 1 m ln R W A 9 .0 0 0 1 0 0 0 m ln 1 9 5 0 0 (R W A ) (+ ) 1 b n - 5 b n 5 p e r 1 m ln R W A 5 0 0 0 m ln 3 9 5 0 0 (+ ) 5 b n - 5 0 b n 2 p e r 1 m ln R W A 5 0 0 0 0 m ln 1 2 9 5 0 0 (+ ) > 5 0 b n 0 9 0 0 0 0 m ln 1 2 9 5 0 0 P e n s io n f u n d s 0 M a n a g e d a s s e ts 0 - 1 0 0 m ln 0 3 .7 0 0 1 0 0 m ln 3 7 0 0 1 0 0 m ln - 1 b n 7 .4 0 0 1 m ld 7 4 0 0 1 b n - 5 b n 2 2 .5 0 0 5 m ld 2 2 5 0 0 > 5 b n 4 1 .0 0 0 1 0 m ld 4 1 0 0 0

7 7

In s u re rs L if e i n s u ra n c e 7 5 0 P re m iu m i n c o m e 0 - 1 m ln 1 0 0 2 .4 0 0 1 m ln 3 2 5 0 (+ ) 1 m ln - 5 0 0 m ln 2 0 0 p e r 1 m ln 2 3 p e r 1 m ln 5 0 0 m ln 1 1 4 5 2 7 (+ ) > 5 0 0 m ln 0 0 7 0 0 m ln 1 1 4 5 2 7 In d e m n it y a n d f u n e ra l in s u ra n c e 7 5 0 P re m iu m i n c o m e 0 - 1 m ln 3 0 ,7 2 4 0 0 1 m ln 3 1 8 1 fr o m 1 - 1 b n 3 0 ,7 0 p e r 1 m ln 7 ,5 0 p e r 1 m ln 1 0 0 0 m ln 3 8 9 1 2 (+ ) > 1 b n 0 0 3 8 9 1 2 Is s u e r c o n s u m e r c re d it 7 5 0 C lie n ts 0 - 7 .5 0 0 2 ,3 p e r c lie n t 0 (+ ) 7 .5 0 0 -1 0 0 .0 0 0 0 ,1 p e r c lie n t (+ ) > 1 0 0 .0 0 0 0 A d v is e r, i n te rm e d ia ry , a u th o ri z e d P a rt ic ip a n t F o u n d a ti o n f in a n c ia l s e rv ic e s 4 2 0 ft e (+ ) 0 - 1 0 0 a n d u n d e r a u th o ri z e d a g e n t (+ ) 1 - 2 1 7 0 p e r ft e (+ ) 2 1 -2 0 1 6 5 p e r ft e (+ ) > 2 0 1 0 N o n p a rt ic ip a n t F o u n d a ti o n f in a n c ia l 7 7 0 ft e 0 -1 0 0 s e rv ic e s (+ ) 1 - 2 1 7 5 p e r ft e (+ ) 2 1 -2 0 1 7 0 p e r ft e (+ ) > 2 0 1 0 Is s u e r o f in v e s tm e n t o b je c t 2 0 .0 0 0 D e p o s it s 0 - 5 m ln 2 .0 5 0 p e r 4 5 0 .0 0 0 0 5 m ln 4 2 7 7 8 (+ ) 5 - 1 0 0 m ln 1 .0 0 0 p e r 4 5 0 .0 0 0 1 0 0 m ln 2 5 3 8 8 9 (+ ) > 1 0 0 m ln 0 1 2 0 m ln 2 5 3 8 8 9 T a b le 3 1 : fe e s tr u c tu re A u to ri te it F in a n c ië le M a rk te n ( A F M )

7 8

T H E N E T H E R L A N D S C a te g o ry S u b c a te g o ry F ix e d f e e B a s e p ro p o rt io n a l fe e B a n d s P ro p o rt io n a l fe e In s u re rs h e a lt h i n s u re r 6 8 1 g ro s s p re m iu m i n c o m e 0 ,0 3 2 5 % ( 1 j a n -3 0 J u n 2 0 0 6 ) to ta l in s u re d p e rs o n s 0 ,0 1 9 % ( 1 j u ly -3 1 D e c 2 0 0 6 ) n o n -h e a lt h i n s u re r 6 8 1 g ro s s p re m iu m i n c o m e 0 ,0 3 2 5 % ( 1 j a n -3 0 J u n 2 0 0 6 ) g ro s s p re m iu m i n c o m e 0 ,0 3 9 0 % ( 1 j u ly -3 1 D e c 2 0 0 6 ) P e n s io n f u n d s 6 8 1 p re m iu m i n c o m e + 0 ,0 8 6 7 % d ir e c t in v e s tm e n t tu rn o v e r C re d it i n s ti tu ti o n s c re d it i n s ti tu ti o n s 3 1 .5 0 0 R is k W e ig h te d A s s e ts 0 - 1 .0 0 0 m ln 1 9 7 p e r m ln (R W A ) (+ ) 1 .0 0 0 - 5 .0 0 0 m ln 8 5 p e r m ln (+ ) 5 .0 0 0 - 5 0 .0 0 0 m ln 4 4 p e r m ln (+ ) > 5 0 .0 0 0 m ln 1 2 p e r m ln E le c tr o n ic m o n e y i n s ti tu ti o n s 4 0 .0 0 0 B ra n c h e s 2 5 .0 0 0 A s s e t m a n a g e m e n t c o m p a n ie s a rt ic le 1 6 , a , u n d e r 1 a n d 2 1 .0 0 0 B a la n c e s h e e t to ta l 0 - 5 b n 4 ,4 5 p e r 4 5 0 .0 0 0 R e g e lin g b e k o s ti g in g f in a n c ie e l to e z ic h t (+ ) > 5 b n 0 a rt ic le 1 6 , a , u n d e r 3 ,4 ,5 a n d 6 0 B a la n c e s h e e t to ta l 0 - 5 b n 4 ,4 5 p e r 4 5 0 .0 0 0 R e g e lin g b e k o s ti g in g f in a n c ie e l to e z ic h t (+ ) > 5 b n 0 S e c u ri ti e s c o m p a n ie s fo r o w n a c c o u n t 1 0 0 0 N u m b e r o f d e a le rs 0 – 1 0 6 2 5 p e r d e a le r (+ ) > 1 0 3 7 5 p e r d e a le r n o t fo r o w n a c c o u n t 1 .5 0 0 S to c k a c c o u n ts 0 – 1 5 0 1 5 p e r s to c k a c c o u n t (+ ) 1 5 0 - 5 0 0 1 4 p e r s to c k a c c o u n t (+ ) 5 0 0 - 5 0 0 0 1 3 p e r s to c k a c c o u n t (+ ) > 5 0 0 0 1 2 p e r s to c k a c c o u n t T a b le 3 2 : fe e s tr u c tu re D e N e d e rl a n d s c h e B a n k ( D N B )

7 9

P O R T U G A L C a te g o ry S u b c a te g o ry B a s e M o n th ly a m o u n t (E U R ) M a rk e ts a n d o p e ra to rs O p e ra to rs o f th e s p e c ia l p u b lic d e b t m a rk e t 5 0 0 0 O p e ra to rs o f s to c k m a rk e ts o r o th e r re g u la te d m a rk e ts 3 0 0 0 0 O p e ra to rs o f n o n -r e g u la te d m a rk e ts th e v a lu e o f c o m m is s io n a ri s in g f ro m o p e ra ti o n s i n v o lv in g 5 % s h a re s l is te d o n t h e s to c k m a rk e ts o r o th e r re g u la te d m a rk e ts , (m a x 2 0 .0 0 0 ) c a rr ie d o u t o n m a rk e ts w h ic h t h e y o p e ra te C e n tr a l S e c u ri ti e s D e p o s it o ri e s a n d S e tt le m e n t O p e ra to rs o f s e tt le m e n t s y s te m s a n d c e n tr a l d e p o s it o ri e s 4 5 0 0 0 S y s te m s F o re ig n e n ti ti e s t h a t o p e ra te a s a C le a ri n g h o u s e 1 3 0 0 0 fo r o p e ra ti o n s c a rr ie d o u t in r e g u la te d m a rk e ts o f s e c u ri ti e s r e g is te re d i n P o rt u g a l F in a n c ia l in te rm e d ia ri e s C re d it i n s ti tu ti o n s , b ro k e r d e a le rs a n d b ro k e ra g e f ir m s th e v a lu e c o rr e s p o n d in g t o t h e s e c u ri ti e s r e g is te re d o r d e p o s it e d 0 ,0 0 7 5 ‰ in a c c o u n ts o p e n e d a t th e l a s t d a y o f e a c h m o n th (m in 7 5 0 , m a x 3 0 .0 0 0 ) F in a n c ia l in te rm e d ia ri e s w h ic h d o n o t e x e rc is e t h e 7 5 0 a c ti v it y o f re g is tr a ti o n a n d d e p o s it o f s e c u ri ti e s B ra n c h e s o f c re d it i n s ti tu ti o n s w it h in P o rt u g a l a n d f o re ig n 7 5 0 in v e s tm e n t fi rm s e q u iv a le n t to t h e t y p e s o f fi n a n c ia l in te rm e d ia ry r e fe rr e d t o a b o v e , p ro v id e d t h a t th e y d o n o t e x e rc is e t h e a c ti v it y o f re g is tr a ti o n a n d d e p o s it o f s e c u ri ti e s C IS T re a s u ry -, m o n e y -m a rk e t- , a n d s e c u ri ti s a ti o n f u n d s n e t a s s e t v a lu e o f e a c h o f th e f u n d s t h e y m a n a g e 0 ,0 0 6 7 ‰ (a t la s t d a y o f m o n th ) (m in 1 0 0 , m a x 1 0 .0 0 0 ) S e c u ri ti e s i n v e s tm e n t fu n d s a n d r is k c a p it a l fu n d s n e t a s s e t v a lu e o f e a c h o f th e f u n d s t h e y m a n a g e 0 ,0 1 3 3 ‰ ( a t la s t d a y o f m o n th ) (m in 1 0 0 , m a x 1 0 .0 0 0 ) R e a l e s ta te f u n d s n e t a s s e t v a lu e o f e a c h o f th e f u n d s t h e y m a n a g e 0 ,0 2 6 6 ‰ ( a t la s t d a y o f m o n th ) (m in 2 0 0 , m a x 2 0 .0 0 0 ) o th e r C IS n e t a s s e t v a lu e o f e a c h o f th e f u n d s t h e y m a n a g e 0 ,0 3 ‰ ( a t la s t d a y o f m o n th ) (m in 2 0 0 , m a x 2 0 .0 0 0 ) M a rk e ti n g o f u n it s i n f o re ig n C IS 1 0 0 In d iv id u a l P o rt fo lio M a n a g e m e n t to ta l v a lu e m a n a g e d a t th e l a s t d a y o f m o n th 0 ,0 0 7 5 ‰ (m in 2 0 0 , m a x 2 0 .0 0 0 ) T a b le 3 3 : fe e s tr u c tu re C o m is s a o d o M e rc a d o d e V a lo re s M o b ili a ri o s ( C M V M )

8 0

P O R T U G A L C a te g o ry S u b c a te g o ry B a s e A n n u a l C h a rg e In s u ra n c e u n d e rt a k in g s L if e N e t p re m iu m i n c o m e 0 ,0 5 % N o n -l if e N e t p re m iu m i n c o m e 0 ,2 5 % P e n s io n f u n d m a n a g e m e n t c o m p a n ie s C o n tr ib u ti o n s o f th e s p o n s o ri n g u n d e rt a k in g s a n d m e m b e rs 0 ,0 5 % In s u ra n c e i n te rm e d ia ri e s ( e x c lu d in g t ie d a g e n ts ) O n a n a c t b y a c t b a s is T h e r e g u la ti o n f o r in s u ra n c e i n te rm e d ia ri e s h a s j u s t e n te re d i n to f o rc e ( 2 0 0 7 ) T a b le 3 4 : fe e s tr u c tu re P o rt u g u e s e I n s u ra n c e I n s ti tu te ( IS P )

8 1

S P A IN C a te g o ry B a s e B a n d s C h a rg e N o te C IS T o ta l a s s e ts 0 ,0 1 *1 0 0 0 S G II C , S G C a n d S G F T In d is p e n s a b le o w n r e s o u rc e s , 0 ,1 2 5 *1 0 0 0 F ix e d m in : 1 6 9 ,2 2 a c c o rd in g t o t h e n o rm S o c ie ti e s a n d A g e n c ie s A v e ra g e o f in d is p e n s a b le o w n r e s o u rc e s a c c o rd in g t o t h e n o rm 0 ,7 *1 0 0 0 M e m b e rs o f s to c k m a rk e ts N º o f o p e ra ti o n s o f p u rc h a s e a n d s a le o f v a lu e s b y o w n O p e ra ti o n s o f fi x e d i n c o m e a c c o u n t o r in w h o s e t ra n s m is s io n t h e y p a rt ic ip a te o r m e d ia te 0 - 3 0 ,0 5 0 e x c e p t n a ti o n a l d e b t 3 0 ,0 6 - 3 0 0 ,5 1 0 ,0 0 6 7 6 9 3 0 0 ,5 1 - 1 .5 0 2 ,5 3 0 ,0 1 3 5 3 5 1 .5 0 2 ,5 4 - 3 .0 0 5 ,0 6 0 ,0 2 0 3 0 5 3 .0 0 5 ,0 7 - 6 .0 1 0 ,1 2 0 ,0 3 3 8 4 3 6 .0 1 0 ,1 3 - 1 5 .0 2 5 ,3 0 0 ,1 0 1 5 2 6 1 5 .0 2 5 ,3 1 - 3 0 .0 5 0 ,6 1 0 ,1 6 9 2 0 9 3 0 .0 5 0 ,6 2 - 4 5 .0 7 5 ,9 1 0 ,2 0 3 0 5 1 4 5 .0 7 5 ,9 2 - 1 5 0 .2 5 3 ,0 3 0 ,2 3 6 8 9 3 1 5 0 .2 5 3 ,0 4 - 3 0 0 .5 0 6 ,0 5 0 ,2 7 0 7 3 4 > 3 0 0 .5 0 6 ,0 6 0 ,3 3 8 4 1 9 O p e ra ti o n s o f v a ri a b le i n c o m e 0 - 3 0 ,0 5 0 3 0 ,0 6 - 3 0 0 ,5 1 0 ,0 1 3 5 3 5 3 0 0 ,5 1 - 1 .5 0 2 ,5 3 0 ,0 3 3 8 4 3 1 .5 0 2 ,5 4 - 3 .0 0 5 ,0 6 0 ,0 6 7 6 8 4 3 .0 0 5 ,0 7 - 6 .0 1 0 ,1 2 0 ,1 3 5 3 6 6 6 .0 1 0 ,1 3 - 1 5 .0 2 5 ,3 0 0 ,3 3 8 4 1 9 1 5 .0 2 5 ,3 1 - 3 0 .0 5 0 ,6 1 0 ,6 7 6 8 3 7 3 0 .0 5 0 ,6 2 - 4 5 .0 7 5 ,9 1 0 ,8 1 2 2 0 5 4 5 .0 7 5 ,9 2 - 1 5 0 .2 5 3 ,0 3 0 ,9 4 7 5 7 2 1 5 0 .2 5 3 ,0 4 - 3 0 0 .5 0 6 ,0 5 1 ,0 8 2 9 3 9 > 3 0 0 .5 0 6 ,0 6 1 ,2 1 8 3 0 7 F ix e d m in im u m : 1 6 ,9 3 M e m b e rs o f s e c o n d a ry m a rk e ts N º o f o p e ra ti o n s o f p u rc h a s e a n d s a le o f v a lu e s b y o w n O p e ra ti o n s o f fi x e d i n c o m e (o rg a n iz e d n o n o ff ic ia l) a c c o u n t o r in w h o s e t ra n s m is s io n t h e y p a rt ic ip a te o r m e d ia te 0 - 3 0 ,0 5 0 M e m b e rs o f th e m a rk e t o f th e A IA F e x c e p t n a ti o n a l d e b t 3 0 ,0 6 - 3 0 0 ,5 1 0 ,0 0 6 7 6 9 3 0 0 ,5 1 - 1 .5 0 2 ,5 3 0 ,0 1 3 5 3 5 1 .5 0 2 ,5 4 - 3 .0 0 5 ,0 6 0 ,0 2 0 3 0 5 3 .0 0 5 ,0 7 - 6 .0 1 0 ,1 2 0 ,0 3 3 8 4 3 6 .0 1 0 ,1 3 - 1 5 .0 2 5 ,3 0 0 ,1 0 1 5 2 6 1 5 .0 2 5 ,3 1 - 3 0 .0 5 0 ,6 1 0 ,1 6 9 2 0 9

8 2

3 0 .0 5 0 ,6 2 - 4 5 .0 7 5 ,9 1 0 ,2 0 3 0 5 1 4 5 .0 7 5 ,9 2 - 1 5 0 .2 5 3 ,0 3 0 ,2 3 6 8 9 3 1 5 0 .2 5 3 ,0 4 - 3 0 0 .5 0 6 ,0 5 0 ,2 7 0 7 3 4 > 3 0 0 .5 0 6 ,0 6 0 ,3 3 8 4 1 9 F ix e d m in im u m : 1 6 ,9 3 M e m b e rs o f th e o ff ic ia l fu tu re s a n d o p ti o n s m a rk e ts F ix e d m in : 1 6 ,9 3 1 . M e m b e rs o f M E F F R F N º o f c o n tr a c ts d e ri v e d f ro m n a ti o n a l d e b t. 0 ,0 0 5 1 1 7 2 . M e m b e rs o f M E F F R V N º o f c o n tr a c ts d e ri v e d f ro m v a ri a b le n o m in a l in c o m e 0 ,0 0 1 8 2 7 < = 6 .0 1 0 ,1 2 3 . M e m b e rs o f M E F F R F N º o f c o n tr a c ts d e ri v e d a t th e M ib o r. 0 ,0 1 0 1 5 2 4 . M e m b e rs o f M E F F R V N º o f c o n tr a c ts d e ri v e d f ro m v a ri a b le n o m in a l in c o m e 0 ,0 1 6 9 2 2 > 6 .0 1 0 ,1 2 5 . M e m b e rs o f M F A O F ix e d f e e 1 6 ,9 3 P a rt ic ip a ti n g o rg a n iz a ti o n s i n t h e N o m in a l v a lu e o f th e v a lu e s o f v a ri a b le i n c o m e 0 ,0 1 2 *1 0 0 0 F ix e d m in : 1 6 ,9 3 S o c ie d a d d e G e s ti ó n d e l o s S is te m a s d e R e g is tr o , C o m p e n s a c ió n y N o m in a l v a lu e o f th e v a lu e s o f fi x e d i n c o m e 0 ,0 0 6 *1 0 0 0 F ix e d m in : 1 6 ,9 3 L iq u id a c ió n d e V a lo re s T a b le 3 5 : fe e s tr u c tu re C o m is ió n N a c io n a l d e l M e rc a d o d e V a lo re s ( C N M V )

8 3

S W E D E N C a te g o ry B a s is B a n d s ( E U R ) M a x c h a rg e , % A c tu a l c h a rg e , % L o w e s t p o s s ib le f e e ( E U R ) E x a m p le A m o u n t p a y a b le B a n k in g c o m p a n ie s a n d s a v in g b a n k s B a la n c e s h e e t to ta l 0 - 1 0 8 m ln 0 ,0 4 0 ,0 0 6 7 1 0 8 2 ,8 1 0 0 m ln 6 7 0 0 (+ ) 1 0 8 - 1 .0 8 3 m ln 0 ,0 3 0 ,0 0 5 0 2 1 0 0 0 m ln 5 2 0 1 4 (+ ) 1 .0 8 3 - 6 .4 9 7 m ln 0 ,0 0 6 0 ,0 0 1 6 0 0 0 m ln 1 0 5 3 5 1 (+ ) > 6 .4 9 7 m ln 0 ,0 0 5 5 0 ,0 0 0 9 3 1 0 0 0 0 m ln 1 4 2 8 9 9 C re d it i n s ti tu ti o n s B a la n c e s h e e t to ta l 0 - 1 0 8 m ln 0 ,0 1 5 0 ,0 1 3 6 5 1 0 8 2 ,8 1 0 0 m ln 1 3 6 5 0 (+ ) 1 0 8 - 6 .4 9 7 m ln 0 ,0 0 1 0 ,0 0 0 9 1 1 0 0 0 m ln 2 2 8 5 9 (+ ) 6 .4 9 7 - 1 0 .8 2 8 m ln 0 ,0 0 0 8 0 ,0 0 0 7 2 1 0 0 0 0 m ln 9 8 1 0 4 (+ ) > 1 0 .8 2 8 m ln 0 ,0 0 0 6 0 ,0 0 0 5 4 8 0 0 0 0 m ln 4 7 7 5 9 4 S e c u ri ty t ra d in g c o m p a n ie s B a la n c e s h e e t to ta l 0 - 1 0 8 m ln 0 ,2 0 ,0 7 0 4 4 2 1 6 5 ,6 1 0 8 m ln 7 6 0 7 5 (+ ) 1 0 8 - 5 4 1 m ln 0 ,0 5 0 ,0 1 7 6 1 5 4 1 m ln 1 5 2 3 2 7 (+ ) > 5 4 1 m ln 0 ,0 1 0 ,0 0 3 5 2 9 0 0 m ln 1 6 4 9 6 3 L if e i n s u ra n c e c o m p a n ie s B a la n c e s h e e t to ta l 0 - 5 4 m ln 0 ,1 0 ,0 1 3 3 3 2 1 6 5 ,6 5 4 m ln 7 1 9 8 (+ ) 5 4 - 1 0 8 m ln 0 ,0 7 5 0 ,0 1 1 0 8 m ln 1 2 5 9 8 (+ ) 1 0 8 - 2 1 7 m ln 0 ,0 4 0 ,0 0 5 3 3 2 1 7 m ln 1 8 4 0 8 (+ ) > 2 1 7 m ln 0 ,0 1 0 ,0 0 1 3 3 5 0 0 m ln 2 2 1 7 2 N o n -l if e i n s u ra n c e c o m p a n ie s B a la n c e s h e e t to ta l 0 - 5 4 m ln 0 ,1 0 ,0 1 7 7 2 1 6 5 ,6 5 4 m ln 9 5 5 8 (n a ti o n w id e b u s in e s s ) (+ ) 5 4 - 1 0 8 m ln 0 ,0 7 5 0 ,0 1 3 2 7 1 0 8 m ln 1 6 7 2 4 (+ ) 1 0 8 - 2 1 7 m ln 0 ,0 4 0 ,0 0 7 0 8 2 1 7 m ln 2 4 4 4 1 (+ ) > 2 1 7 m ln 0 ,0 1 0 ,0 0 1 7 7 5 0 0 m ln 2 9 4 5 0 L o c a l, n o n -l if e i n s u ra n c e c o m p a n ie s B a la n c e s h e e t to ta l 0 - 5 4 m ln 0 ,1 0 ,0 2 3 2 4 ,8 4 5 4 m ln 1 0 8 0 0 (+ ) 5 4 - 1 0 8 m ln 0 ,0 7 5 0 ,0 1 5 1 0 8 m ln 1 8 9 0 0 (+ ) 1 0 8 - 2 1 7 m ln 0 ,0 4 0 ,0 0 8 2 1 7 m ln 2 7 6 2 0 (+ ) > 2 1 7 m ln 0 ,0 1 0 ,0 0 2 5 0 0 m ln 3 3 2 8 0 F ri e n d ly s o c ie ti e s B a la n c e s h e e t to ta l 0 - 5 4 m ln 0 ,1 0 ,0 2 6 2 3 2 4 ,8 4 (o c c u p a ti o n a l p e n s io n i n s u ra n c e ) (+ ) 5 4 - 1 0 8 m ln 0 ,0 7 5 0 ,0 1 9 6 5 (+ ) 1 0 8 - 2 1 7 m ln 0 ,0 4 0 ,0 1 0 4 8 (+ ) > 2 1 7 m ln 0 ,0 1 0 ,0 0 2 6 2 S to c k e x c h a n g e s , c le a ri n g o p e ra ti o n s B a la n c e s h e e t to ta l 0 - 1 1 m ln 0 ,9 0 ,3 6 3 2 1 6 5 ,6 (+ ) 1 1 - 1 0 8 m ln 0 ,4 5 0 ,1 8 2 (+ ) 1 0 8 - 5 4 1 m ln 0 ,1 1 0 ,0 4 4 5 (+ ) > 5 4 1 m ln 0 ,0 3 0 ,0 1 2 1 M u tu a l fu n d s T o ta l re p o rt e d f u n d v a lu e s 0 ,0 2 1 0 8 2 ,8 T a b le 3 6 : fe e s tr u c tu re F in a n s in s p e k ti o n e n ( F I) ( N o te : 2 0 0 6 : 1 S E K = 0 .1 0 8 2 8 E U R )

8 4

U N IT E D K IN G D O M C a te g o ry F ix e d f e e ( E U R ) B a s is p ro p o rt io n a l fe e B a n d s ( E U R ) C h a rg e o r p a rt t h e re o f E x a m p le C a lc u la ti o n D e p o s it a c c e p to rs 2 2 0 M o d if ie d E lig ib le L ia b ili ti e s 0 - 0 ,7 3 m ln 0 0 ,5 m ln 2 2 0 (N o te : w h o le s a le d e p o s it o rs g e t (+ ) 0 ,7 3 - 2 ,9 m ln a d d it io n a l fl a t fe e o f 5 2 8 2 m ln 7 4 8 a d is c o u n t o f 3 0 % ) (+ ) 2 ,9 - 1 4 ,7 m ln a d d it io n a l fl a t fe e o f 7 4 8 1 0 m ln 1 4 9 6 (+ ) 1 4 ,7 - 2 9 3 m ln 4 5 ,4 3 p e r m ln 2 9 3 m ln 1 4 1 3 9 (+ ) 2 9 3 - 2 .9 3 5 m ln 4 5 ,3 8 p e r m ln 2 9 3 5 m ln 1 3 4 0 3 3 (+ ) 2 .9 3 5 - 1 4 .6 7 3 m ln 4 5 ,3 1 p e r m ln 1 4 6 3 7 m ln 6 6 5 8 8 2 (+ ) 1 4 .6 7 3 - 2 9 .3 4 5 m ln 4 5 ,1 3 p e r m ln 2 9 3 4 5 m ln 1 3 2 8 0 2 9 (+ ) > 2 9 .3 4 5 m ln 4 4 ,7 8 p e r m ln 3 5 0 0 0 m ln 1 5 8 1 2 6 0 In a d d it io n , th is f e e i s p a y a b le b y U K b a n k s a n d b u ild in g s o c ie ti e s (d is c o u n t fo r w h o le s a le d e p o s it o rs d o e s n o t a p p ly t o th is f e e ) if 0 - 2 .9 3 5 m ln : 0 M o d if ie d E lig ib le L ia b ili ti e s 0 - 7 .3 3 6 m ln 0 2 0 0 0 m ln 0 if > 2 .9 3 5 m ln : 2 .9 3 5 (+ ) 7 .3 3 6 - 1 4 .6 7 3 m ln 1 ,0 1 p e r m ln 1 0 0 0 0 m ln 5 6 2 6 (+ ) 1 4 .6 7 3 - 2 9 .3 4 5 m ln 0 ,9 2 p e r m ln 2 0 0 0 0 m ln 1 5 2 4 6 (+ ) > 2 9 .3 4 5 m ln 0 ,8 7 p e r m ln 4 0 0 0 0 m ln 3 3 1 1 3 M o rt g a g e l e n d e rs a n d 6 6 0 N o o f m o rt g a g e s 0 - 5 0 0 2 5 6 6 0 a d m in is tr a to rs (+ ) 5 1 - 5 0 0 6 ,4 p e r m o rt g a g e 5 0 0 3 5 3 4 (+ ) 5 0 1 - 1 0 0 0 2 ,5 7 p e r m o rt g a g e 1 0 0 0 4 8 1 6 (+ ) 1 0 0 1 - 5 0 .0 0 0 1 ,9 4 p e r m o rt g a g e 5 0 0 0 0 9 9 8 7 4 (+ ) 5 0 .0 0 1 - 5 0 0 .0 0 0 0 ,6 5 p e r m o rt g a g e 5 0 0 0 0 0 3 9 2 3 7 3 (+ ) > 5 0 0 .0 0 0 0 ,1 3 p e r m o rt g a g e 6 0 0 0 0 0 4 0 5 3 7 3 G e n e ra l in s u re rs 6 0 2 G ro s s p re m iu m i n c o m e 0 - 0 ,7 3 m ln 0 0 ,7 3 m ln 6 0 2 (+ ) 0 ,7 3 - 2 ,9 m ln 2 .6 0 9 ,5 6 p e r m ln 2 ,9 m ln 6 2 6 5 (+ ) 2 ,9 - 7 ,3 m ln 2 .4 2 4 ,7 5 p e r m ln 7 ,3 m ln 1 6 9 3 4 (+ ) 7 ,3 - 2 9 ,3 m ln 2 .2 7 4 ,5 2 p e r m ln 1 0 m ln 2 3 0 7 5 (+ ) 2 9 ,3 - 1 1 0 m ln 7 2 4 ,0 7 p e r m ln 4 0 m ln 7 4 7 2 1 (+ ) 1 1 0 - 2 2 0 ,1 m ln 6 3 4 ,7 5 p e r m ln 2 2 0 ,1 m ln 1 9 5 2 9 2 (+ ) > 2 2 0 ,1 m ln 8 9 ,4 7 p e r m ln 4 0 0 m ln 2 1 1 3 8 7 (+ ) G ro s s t e c h n ic a l lia b ili ti e s 0 - 1 ,5 m ln 0 1 ,5 m ln 0 (+ ) 1 ,5 - 7 ,3 m ln 6 3 ,9 0 p e r m ln 7 ,3 m ln 3 7 1 (+ ) 7 ,3 - 7 3 ,4 m ln 5 9 ,2 2 p e r m ln 7 3 ,4 m ln 4 2 8 5 (+ ) 7 3 ,4 - 1 4 7 m ln 5 4 ,9 6 p e r m ln 1 4 7 m ln 8 3 3 0 (+ ) 1 4 7 - 1 .4 6 7 m ln 1 7 ,3 1 p e r m ln 1 .4 6 7 m ln 3 1 1 7 9 (+ ) > 1 .4 6 7 m ln 6 ,4 1 p e r m ln 2 0 0 0 m ln 3 4 5 9 6

8 5

L if e i n s u re rs 3 0 1 A d ju s te d a n n u a l g ro s s p re m iu m 0 - 1 ,4 7 m ln 0 1 m ln 3 0 1 in c o m e (+ ) 1 ,4 7 - 7 3 ,4 m ln 1 .1 0 9 ,8 6 p e r m ln 7 3 ,4 m ln 8 0 1 3 3 (+ ) 7 3 ,4 - 1 .4 6 7 m ln 1 .0 3 4 ,6 9 p e r m ln 1 0 0 0 m ln 1 0 3 8 8 7 7 (+ ) 1 .4 6 7 - 2 .9 3 5 m ln 7 1 0 ,2 5 p e r m ln 2 9 3 5 m ln 2 5 6 4 7 2 4 (+ ) > 2 .9 3 5 m ln 4 8 7 ,6 4 p e r m ln 4 0 0 0 m ln 3 0 8 4 0 6 1 2 0 5 (+ ) M a th e m a ti c a l re s e rv e s 0 - 1 ,4 7 m ln 0 1 m ln 2 0 5 (+ ) 1 ,4 7 - 1 4 ,7 m ln 5 5 ,3 1 p e r m ln 1 4 ,7 m ln 9 3 7 (+ ) 1 4 ,7 - 1 4 6 ,7 m ln 5 0 ,6 3 p e r m ln 1 4 6 ,7 m ln 7 6 2 0 (+ ) 1 4 6 ,7 - 1 .4 6 7 m ln 3 4 ,2 9 p e r m ln 1 4 6 7 m ln 5 2 8 9 3 (+ ) 1 .4 6 7 - 7 .3 3 6 m ln 2 4 ,1 1 p e r m ln 7 3 3 6 m ln 1 9 4 3 9 5 (+ ) 7 .3 3 6 - 2 2 .0 0 9 m ln 1 8 ,7 5 p e r m ln 2 2 0 0 9 m ln 7 4 4 6 1 3 (+ ) > 2 2 .0 0 9 m ln 1 4 ,5 7 p e r m ln 2 3 0 0 0 m ln 7 5 9 0 5 2 M a n a g in g a g e n ts a t L lo y d 's 8 0 7 A c ti v e c a p a c it y 0 - 7 3 ,4 m ln 0 (+ ) 7 3 ,4 - 2 2 0 m ln 1 4 5 ,7 9 p e r m ln (+ ) 2 2 0 - 3 6 7 m ln 1 2 2 ,6 9 p e r m ln (+ ) > 3 6 7 m ln 3 6 p e r m ln T h e S o c ie ty o f L lo y d 's 1 .5 6 7 .0 2 3 F u n d m a n a g e rs 1 .6 8 7 F u n d s u n d e r m a n a g e m e n t 0 - 1 4 ,7 m ln 0 1 0 m ln 1 6 8 7 (+ ) 1 4 ,7 - 1 4 7 m ln 7 7 ,2 9 p e r m ln 1 0 0 m ln 8 2 8 0 (+ ) 1 4 7 - 3 .6 6 8 m ln 2 4 ,8 6 p e r m ln 3 0 0 0 m ln 8 2 8 3 8 (+ ) 3 .6 6 8 - 1 4 .6 7 3 m ln 1 3 ,8 4 p e r m ln 1 0 .0 0 0 m ln 1 8 7 0 7 9 (+ ) > 1 4 .6 7 3 m ln 1 ,5 6 p e r m ln 1 5 .0 0 0 m ln 2 5 2 2 6 4 O p e ra to rs , T ru s te e s a n d 2 .6 4 1 G ro s s i n c o m e 0 - 1 ,4 7 m ln 0 D e p o s it a ri e s o f C IS a n d o p e ra to rs (+ ) 1 ,4 7 - 7 ,3 m ln 1 .5 7 6 ,6 9 p e r m ln o f p e rs o n a l p e n s io n s c h e m e s o r (+ ) 7 ,3 - 2 2 m ln 1 .5 5 0 ,0 2 p e r m ln s ta k e h o ld e r p e n s io n s c h e m e s (+ ) 2 2 - 5 8 ,7 m ln 1 .5 2 4 ,6 6 p e r m ln (+ ) > 5 8 ,7 m ln 1 .5 1 3 ,7 3 p e r m ln F ir m s d e a lin g a s p ri n c ip a l 3 .2 2 8 N o o f tr a d e rs 0 - 2 t ra d e rs 0 (+ ) 3 - 5 t ra d e rs 3 ,0 3 6 p e r tr a d e r (+ ) 6 - 1 0 t ra d e rs 2 ,1 9 4 p e r tr a d e r (+ ) 1 1 - 5 0 t ra d e rs 2 ,0 2 8 p e r tr a d e r (+ ) 5 1 - 2 0 0 t ra d e rs 1 ,7 5 5 p e r tr a d e r (+ ) > 2 0 0 t ra d e rs 1 ,4 1 6 p e r tr a d e r In a d d it io n , th is f e e i s p a y a b le b y U K d o m e s ti c f ir m s if 0 - 1 0 0 t ra d e rs : 0 N o o f tr a d e rs 0 - 1 2 5 t ra d e rs 0 if > 1 0 0 t ra d e rs : 1 .4 6 7 (+ ) 1 2 6 - 2 5 0 t ra d e rs 1 0 6 ,6 8 p e r tr a d e r (+ ) > 2 5 0 t ra d e rs 7 7 ,5 3 p e r tr a d e r

8 6

A d v is o ry a rr a n g e rs , d e a le rs o r 2 .5 1 6 N o o f p e rs o n s 0 -1 p e rs o n 0 b ro k e rs ( h o ld in g o r c o n tr o lli n g (+ ) 2 -4 p e rs o n s 1 ,4 9 p e r p e rs o n c lie n t m o n e y o r a s s e ts , o r b o th ) (+ ) 5 -1 0 p e rs o n s 7 5 6 p e r p e rs o n (+ ) 1 1 -2 5 p e rs o n s 5 5 3 p e r p e rs o n (+ ) 2 6 -1 5 0 p e rs o n s 3 0 1 p e r p e rs o n (+ ) 1 5 1 -1 5 0 0 p e rs o n s 2 2 9 p e r p e rs o n (+ ) > 1 5 0 0 p e rs o n s 1 5 3 p e r p e rs o n A d v is o ry a rr a n g e rs , d e a le rs o r 2 .3 5 5 N o o f p e rs o n s 0 -1 p e rs o n 0 b ro k e rs ( n o t h o ld in g o r c o n tr o lli n g (+ ) 2 -4 p e rs o n s 1 .2 8 8 p e r p e rs o n c lie n t m o n e y o r a s s e ts , o r b o th ) (+ ) 5 -1 0 p e rs o n s 1 .2 5 6 p e r p e rs o n (+ ) 1 1 -2 5 p e rs o n s 1 2 0 5 p e r p e rs o n (+ ) 2 6 -5 0 0 p e rs o n s 1 1 1 1 p e r p e rs o n (+ ) 5 0 1 -4 0 0 0 p e rs o n s 1 0 2 1 p e r p e rs o n (+ ) > 4 0 0 0 p e rs o n s 9 6 4 p e r p e rs o n G e n e ra l in s u ra n c e m e d ia ti o n 5 8 7 A n n u a l in c o m e 0 - 1 4 7 t h o u s a n d 0 (+ ) 1 4 7 - 1 .4 6 7 t h o u s a n d 5 ,6 p e r th o u s a n d (+ ) 1 .4 6 7 - 7 .3 3 6 t h o u s a n d 4 ,9 p e r th o u s a n d (+ ) 7 .3 3 6 - 2 2 .0 0 9 t h o u s a n d 3 ,5 p e r th o u s a n d (+ ) 2 2 .0 0 9 - 1 4 6 .7 2 5 t h o u s a n d 1 ,4 p e r th o u s a n d (+ ) > 1 4 6 .7 2 5 t h o u s a n d 0 ,5 7 p e r th o u s a n d C o rp o ra te f in a n c e a d v is e rs 1 .7 9 0 N o o f p e rs o n s 0 -1 0 (+ ) 2 p e rs o n s 1 ,6 1 p e r p e rs o n (+ ) 3 -4 p e rs o n s 1 ,5 1 p e r p e rs o n (+ ) 5 -1 0 p e rs o n s 1 3 8 9 ,4 9 p e r p e rs o n (+ ) 1 1 -1 0 0 p e rs o n s 1 3 1 9 ,0 6 p e r p e rs o n (+ ) 1 0 1 -2 0 0 p e rs o n s 9 2 2 ,9 0 p e r p e rs o n (+ ) > 2 0 0 p e rs o n s 5 5 4 ,6 2 p e r p e rs o n M o rt g a g e l e n d e rs , a d v is e rs a n d 9 3 2 A n n u a l in c o m e 0 -1 4 7 t h o u s a n d 0 a rr a n g e rs (+ ) 1 4 7 -1 .4 6 7 t h o u s a n d 7 ,8 9 p e r th o u s a n d (+ ) 1 .4 6 7 -7 .3 3 6 t h o u s a n d 6 ,5 7 p e r th o u s a n d (+ ) 7 .3 3 6 -1 4 .6 7 3 t h o u s a n d 5 ,2 7 p e r th o u s a n d (+ ) 1 4 .6 7 3 -2 9 .3 4 5 t h o u s a n d 3 ,9 5 p e r th o u s a n d (+ ) > 2 9 .3 4 5 t h o u s a n d 3 ,3 0 p e r th o u s a n d T a b le 3 7 : fe e s tr u c tu re F in a n c ia l S e rv ic e s A u th o ri ty ( F S A ) (N o te : 2 0 0 6 : 1 G B P = 1 .4 6 7 2 5 E U R )

8 7

U N IT E D K IN G D O M C a te g o ry B a s is p ro p o rt io n a l fe e B a n d s ( E U R ) C h a rg e M in p a y m e n t (E U R ) E x a m p le A m o u n t p a y a b le O c c u p a ti o n a l s c h e m e s n u m b e r o f m e m b e rs 0 3 5 ,2 1 5 3 5 ,2 1 in t h e s c h e m e 1 2 -9 9 3 ,6 7 p e r m e m b e r 9 9 3 6 3 ,3 3 1 0 0 3 6 6 ,8 1 ( m in f e e ) 1 0 0 -9 9 9 2 ,6 4 p e r m e m b e r 3 6 6 ,8 1 6 0 0 1 .5 8 4 ,0 0 1 0 0 0 -4 9 9 9 2 ,0 5 p e r m e m b e r 2 .6 4 1 ,0 5 3 .0 0 0 6 .1 5 0 ,0 0 5 0 0 0 -9 9 9 9 1 ,5 6 p e r m e m b e r 1 0 .2 7 0 ,7 5 8 .0 0 0 1 2 .4 8 0 ,0 0 > 1 0 0 0 0 1 ,0 9 p e r m e m b e r 1 5 .5 5 2 ,8 5 1 2 .0 0 0 1 5 .5 5 2 ,8 5 ( m in f e e ) P e rs o n a l/ s ta k e h o ld e r/ g ro u p n u m b e r o f m e m b e rs 2 -1 1 0 1 5 ,2 6 2 4 7 ,5 p e rs o n a l p e n s io n s c h e m e s in t h e s c h e m e 1 2 -9 9 1 ,4 7 p e r m e m b e r 1 0 0 -9 9 9 1 ,0 3 p e r m e m b e r 1 4 6 ,7 3 1 0 0 0 -4 9 9 9 0 ,8 8 p e r m e m b e r 1 0 2 7 ,0 8 5 0 0 0 -9 9 9 9 0 ,5 9 p e r m e m b e r 4 4 0 1 ,7 5 > 1 0 0 0 0 0 ,4 4 p e r m e m b e r 5 8 6 9 ,0 0 T a b le 3 8 : fe e s tr u c tu re T h e P e n s io n s R e g u la to r (T P R ) (N o te : 2 0 0 6 : 1 G B P = 1 .4 6 7 2 5 E U R )