How is my approved person figure calculated for FSCS sub-class SC02 and/or SD02?
If your firm is in both the SC02 and SD02 sub-classes for life and pensions business and investment business respectively, you would have provided a percentage split for your firm between these two business activities. This split was then applied to your firm’s total CF30 figure as at 31 December 2007, excluding any investment managers. For those firms in SD02 and also in FSA fee-block A10 (Dealers as Principal), their number of traders have been added to the SD02 sub-class after the split was applied to their CF30 figure. Firms were asked to report separately their number of traders who may also hold a CF30 to avoid any double counting. No split of business was required for firms who are solely in SC02 or SD02 their total CF30 figure as at 31 December 2007 was used for the relevant sub-class (excluding investment managers). Similarly firms in SD02 and FSA fee-block A10 had their number of traders added to their CF30 figure.
