{
  "url": "https://openlegislation.uk/insurance-fees-regulations-1997/note",
  "json_url": "https://openlegislation.uk/insurance-fees-regulations-1997/note.json",
  "legislation": "uksi/1997/653",
  "legislation_title": "The Insurance (Fees) Regulations 1997",
  "legislation_url": "https://openlegislation.uk/insurance-fees-regulations-1997",
  "path": "note",
  "kind": "note",
  "number": null,
  "heading": "Explanatory note",
  "text": "(This note is not part of the Regulations)\n1 These Regulations, which come into force on 1st April 1997, revoke the Insurance (Fees) Regulations 1996 and set out the fees to be paid to the Secretary of State by insurance companies when they deposit their accounts and other documents as required by section 22(1) of the Insurance Companies Act 1982 and by the Council of Lloyd’s when the statement in respect of Lloyd’s is deposited under section 86(1) of that Act.\n2 The level of fees for an insurance company is fixed according to the amount of its gross premiums receivable in respect of its global business or, in the case of a Community deposit company, its UK business (aggregating the amount for long-term business and general business where both types of business are being carried on), for the financial year to which the annual accounts relate. In the case of a Swiss company (other than a Community deposit company) the level of fees is fixed according to the amount of its global long term business or its UK general business. Where the company is a member of a group there is a limit of £175,000 in respect of the whole group. The Regulations specify that no fee is payable in respect of an EC company (whether or not the third general insurance Directive and the third long term insurance Directive have been implemented in the State in which it has its head office) or where the company is in the process of being wound up, whether in the United Kingdom or another jurisdiction, or the company is precluded from effecting contracts of insurance in the United Kingdom at the date when the documents are deposited with the Secretary of State.\n3 The amount of gross premiums receivable for companies submitting returns with a year end prior to 23rd December 1996 are: in respect of general business, the amount required to be included in Column 1, line 11 of Form 11 in Schedule 1 to the Insurance Companies (Accounts and Statements) Regulations 1983 (S.I. 1983/1811), and in respect of long term business, the amount required to be included in Column 1 of line 9 of Form 41 in Schedule 3 to those Regulations. The amount of gross premiums receivable for companies submitting returns with a year end on or after 23rd December 1996 are: in respect of general business, the amount required to be included in Column 1, line 11 of Form 11 in Schedule 1 to the Insurance Companies (Accounts and Statements) Regulations 1996 (S.I. 1996/943), and in respect of long term business, the sum of Column 1, lines 19 and 29 of Form 41 in Schedule 3 to those Regulations. If the Secretary of State has made an order under section 68 of the Insurance Companies Act 1982 so that the gross premiums do not have to be shown in the returns, then the amount of gross premiums receivable is the amount which would be shown had the order not been made.\nNOTE ON AMENDMENTS TO THE INSURANCE COMPANIES ACT 1982 RELEVANT TO REGULATION 10\n(This note is not part of the Regulations)\nSection 11(2)(a) was amended by section 129 of, and paragraph 7(1) of Schedule 10 to, the Financial Services Act 1986 (c. 6); section 11(2)(aa) was inserted by S.I. 1990/1333, regulation 8(1) and substituted by S.I. 1994/1696, regulation 10; section 11(2)(ab) was inserted by S.I. 1994/1696, regulation 10 and amended by S.I. 1994/3132, regulation 10; section 11(2)(d) was inserted by S.I. 1993/3127, regulation 2(4); section 11(5) was substituted by S.I. 1993/3127, regulation 2(5) and section 11(7) was inserted by S.I. 1993/3127, regulation 2(6);\nsection 12(2) was amended by S.I. 1994/1696, regulation 10; section 12(2A) was inserted by S.I. 1994/1696, regulation 10 and amended by S.I. 1994/3132, regulation 10; section 12A was inserted by S.I. 1994/1696, regulation 11;\nsection 13(1) and 13(2) was substituted by S.I. 1994/1696, regulation 12; section 13(2A) and 13(2B) was inserted by section 129 of, and paragraph 7(2) of Schedule 10 to, the Financial Services Act 1986; section 13 was modified in regulation to European subsidiaries by S.I. 1992/3218, regulation 64;\nsection 15(1A) was inserted by S.I. 1994/1696, regulation 13 and section 15(1) and section 15(1A) substituted by S.I. 1994/3132, regulation 4;\nsection 15(3) was amended by section 300(2) of, and paragraph 31 of Schedule 2 to, the Trade Union and Labour Relations (Consolidation) Act 1992 (c. 52);\nsection 15(4) was amended by S.I. 1996/3011, regulation 5;\nsection 15(5) was amended by S.I. 1987/2130, regulation 2(a);\nsection 21(1) was amended by S.I. 1991/1997, regulation 2, Schedule, paragraph 47;\nsection 21A was inserted by section 135 of the Financial Services Act 1986;\nsection 27 was amended by S.I. 1993/3127, regulation 3(2);\nsection 31(5) was amended and section 31(5A) inserted by S.I. 1994/3132, regulation 5; section 31(7) was amended by section 30 of, and Schedule 2 to, the Companies Consolidation (Consequential Provisions) Act 1985 (c. 9), and S.I. 1986/1035 (N.I. 9) article 23, Schedule 1, Part II, and section 10 of, and Schedule 2 to, the Age of Legal Capacity (Scotland) Act 1991 (c. 50);\nsection 31A was inserted by section 136(1) of the Financial Services Act 1986;\nsection 32(3) was amended by S.I. 1993/3127, regulation 3(3) and S.I. 1994/1696, regulation 14; section 32(5) and 32(6) was amended by S.I. 1994/1696, regulation 14;\nsection 33(1) and 33(3) was amended by S.I. 1994/1696, regulation 14;\nsection 34(1) was amended by S.I. 1993/3127, regulation 3(4) and S.I. 1994/1696, regulation 15;\nsection 35(2) was amended by S.I. 1993/3127, regulation 3(5) and S.I. 1994/1696, regulation 16;\nsection 35A was inserted by S.I. 1994/1696, regulation 17 and amended, and section 35A(5) inserted, by S.I. 1994/3132, regulation 6;\nsection 35B was inserted by S.I. 1994/1696, regulation 18;\nsection 37(2)(aa) was inserted by S.I. 1994/1696, regulation 19(1); section 37(2)(g) was amended by S.I. 1994/1696, reg. 19(1)(c); section 37(2)(g) was amended by S.I. 1994/1696, regulation 19(1); section 37(2)(h) was added by S.I. 1993/3127, regulation 3(6); section 37(3) was amended by S.I. 1994/1696, regulation 19(2); section 37(4A) was inserted by S.I. 1994/1696, regulation 19(3); section 37(5) was amended by S.I. 1994/1696, regulation 19(4);\nsection 38(3)(a) was amended by S.I. 1993/3127, regulation 3(7), and S.I. 1994/1696, regulation 20;\nsection 39(1) was substituted, section 39(2) amended, section 39(3) amended and section 39(5) substituted by S.I. 1994/1696, regulation 21;\nsection 40A was inserted by S.I. 1994/1696, regulation 22; section 43A was inserted by S.I. 1994/1696, regulation 23;\nsection 44(2)–(4) was amended, and section 44(6) was substituted by section 77(2) of the Companies Act 1989 (c. 40);\nsection 44(2A) and 44(2B) was inserted by S.I. 1994/1696, regulation 24(1);\nsection 44(4) was amended and section 44(4A) was inserted by S.I. 1994/1696, regulation 24;\nsection 44A was inserted by section 77(3) of the Companies Act 1989;\nsection 45(1) and section 45(2) was amended by S.I. 1994/1696, regulation 25;\nsection 47A was added by the Companies Consolidation (Consequential Provisions) Act 1985 and substituted by S.I. 1994/1696, regulation 26;\nsection 47B was inserted by section 25 of the Companies Consolidation (Consequential Provisions) Act 1985; section 47B(1) was amended by S.I. 1994/1696, regulation 27;\nsection 48(1) was amended by section 30 of, and Schedule 2 to, the Companies Consolidation (Consequential Provisions) Act 1985; section 48(2) was amended by S.I. 1986/1035 (N.I. 9), article 23, Schedule 1, Part II; section 48(3) was amended by section 30 of, and Schedule 2 to, the Companies Consolidation (Consequential Provisions) Act 1985 and S.I. 1986/1035 (N.I. 9), article 23, Schedule 1, Part II;\nsections 49 to 52 were substituted by S.I. 1994/1696, regulation 28;\nsection 52A was inserted by S.I. 1990/1333; section 52A(1) was substituted by S.I. 1994/1696, regulation 29 and amended by S.I. 1994/3132, regulation 7(7); section 52A(2) was amended by S.I. 1993/174, regulation 3(4);\nsection 52B was inserted by S.I. 1994/1696, regulation 30, and amended by S.I. 1994/3132, regulation 7(8);\nsection 53 was amended by section 439(2) of, and Schedule 14 to, the Insolvency Act 1986 (c. 45) and S.I. 1989/2405, article 381(2), Schedule 9, Part II, paragraph 33;\nsection 54(1) was amended by section 30 of, and Schedule 2 to, the Companies Consolidation (Consequential Provisions) Act 1985 and by section 439(2) of, and Schedule 14 to, the Insolvency Act 1986 and paragraph (bb) was inserted in this sub section by S.I. 1990/1333, regulation 8(3) and substituted by S.I. 1994/1696, regulation 31(1); section 54(2) was amended by S.I. 1989/2405, article 381(2), Schedule 9, Part II, paragraph 34, and section 54(2)(bb) was inserted by S.I. 1990/1333, regulation 8(3) and substituted by S.I. 1994/1696, regulation 31(2); section 54(4) was amended by section 439(2) of, and Schedule 14 to, the Insolvency Act 1986 and S.I. 1989/2405, article 381(2), Schedule 9, Part II, paragraph 34;\nsection 55(5) and (6) was amended by section 439(2) of, and Schedule 14 to, the Insolvency Act 1986 and S.I. 1989/2405, article 381(2), Schedule 9, Part II, paragraph 35;\nsection 56(4) and (7) was amended by section 439(2) of, and Schedule 14 to, the Insolvency Act 1986 and S.I. 1989/2405, article 381(2), Schedule 9, Part II, paragraph 36;\nsection 57(1) was amended by section 235(3) of, and Schedule 10 to, the Insolvency Act 1985 (c. 65);\nsection 59 was amended by section 439(2) of, and Schedule 14 to, the Insolvency Act 1986 and S.I. 1989/2405 (N.I. 19), article 381(2), Schedule 9, Part II, paragraph 37;\nsection 60(3) and 60(3A) was substituted by S.I. 1994/1696, regulation 32;\nsection 61(1A) and (2) was substituted for section 61(2) by S.I. 1994/1696, regulation 33;\nsection 61(2A) was inserted by S.I. 1992/2890, regulation 4;\nsection 61A and section 61B were inserted by S.I. 1994/1696 regulations 34 and 35;\nsection 62(1) was substituted, section 62(2) amended and section 62(3) inserted, by S.I. 1994/1696, regulation 36;\nsection 63(1) was amended by S.I. 1993/3127, regulation 3 and S.I. 1994/1696, regulation 37;\nsection 66 was amended by S.I. 1986/1035 (N.I. 9), article 23, Schedule 1, Part II and S.I. 1994/1696, regulation 38;\nsection 71(1) was amended by S.I. 1994/1696, regulation 39(1); section 71(2) and (3) was amended by S.I. 1984/703, article 19, Schedule 6, paragraph 31 and Schedule 7 and S.I. 1984/253, article 2(1), Schedule 1; section 71(2A) was inserted by section 77 of the Companies Act 1989; section 71(2AA) was inserted by S.I. 1994/1696, regulation 39(2); section 71(3) was amended by S.I. 1994/1696, regulation 39(3); section 71(4) was amended by S.I. 1994/1696, regulation 39(4), section 71(5) was amended by S.I. 1994/1696, regulation 39(6); section 71(6) was amended by section 77 of the Companies Act 1989; section 71(7) was amended by sections 135(2) and 136(2) of the Financial Services Act 1986 and further amended by S.I. 1994/1696, regulation 39(7);\nsection 75(1) was substituted by S.I. 1994/3132, regulation 9; section 75(1A) and (1B) was inserted by S.I. 1993/1327, regulation 2; section 75(5) was amended by S.I. 1993/1327, regulation 2(2); section 75(5A) to (5C) was inserted by S.I. 1993/1327, regulation 2(3);\nsection 78(1)(a) was amended by S.I. 1994/1696, regulation 44;\nsection 78(2)(aa) was inserted by section 137 of the Financial Services Act 1986;\nPart IIIA was inserted by S.I. 1990/1333, regulation 10 and substituted by S.I. 1994/1696, regulation 45(1);\nsection 82(5) was amended by S.I. 1994/1696, regulation 47;\nsection 83(4) was amended by S.I. 1996/3011, regulation 6(2) and 83(4A) was inserted and 83(5) substituted by S.I. 1996/3011, regulation 6(3);\nsection 83A was inserted by S.I. 1992/2890, regulation 8 and amended by S.I. 1993/174, regulation 2(1) and further amended by S.I. 1994/1696, regulation 48;\nsection 85(5) was inserted by S.I. 1996/3011, regulation 7;\nsection 87 was amended by section 30 of, and Schedule 2 to, the Companies Consolidation (Consequential Provisions) Act 1985 and S.I. 1986/1035, article 23, Schedule 1, Part II;\nsection 88(1) was amended by section 30 of, and Schedule 2 to, the Companies Consolidation (Consequential Provisions) Act 1985 and S.I. 1986/1035, article 23, Schedule 1, Part II;\nsection 89 was amended by section 30 of, and Schedule 2 to, the Companies Consolidation (Consequential Provisions) Act 1985;\nsection 94A was inserted by the Insurance (Fees) Act 1985 (c. 46).",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/1997/653/note",
    "retrieved_at": "2026-10-29T12:22:49.777183+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}