1. Fees Review 2015 Overview Alex Reid 14 July 2014

2. Background Previous Fees Regulations Introduced on 1 June 2012 Further Review Required – BADA(S) Bill Changes Introduction of Minimal Asset Product (MAP) Opportunity to Revise and Simplify Fees Regulations Continuing Commitment to Full Cost Recovery Meet obligations made during Bill Take account of Comparison of International Administrations – Utilising IAIR Survey

3. Full Cost Recovery – Recent Progress

4. Fees Review 2015/16 Key Elements of Fees Review Project Forecast Volumes –Bankruptcy MAP Debtor Applications Creditor Petitions Forecast AiB and Private Trustee Administration Protected Trust Deeds Activity AiB Operating Costs – Insolvency (Excluding DAS and Policy Development)

5. Fees Review – Recommendations Recommendations of Fees Review MAP – Application Fee set at £90 Debtor Application Fee – no increase in £200 fee. Fixed Fee approach for AiB Administration and Trustee Supervision in Bankruptcy Asset Realisation/Contributions Commissions Remain Unchanged Fees for determination of accounts remain unchanged PTD fee structure remains unchanged Administration of Petitions - Fees unchanged

6. Fees Review – Recommendations Recommendations of Fees Review - Continued Fees Removed - Simplification –AiB Hourly Rates –Registering Award of Sequestration –Existing Supervision Fees –Supervising Dividend to Creditors –Sederunt Book –Reports to Court –Discharge Certificate –Certified Copy of RoI –Providing Copies of Documentation –Bankruptcy Restriction Undertaking –Petitioning for Replacement Trustee

7. Fees Review – Recommendations Recommendations of Fees Review - Continued New Fixed Fees –Trustee Supervision – Annual Fee approach (similar to Protected Trust Deeds) - £70 per year (£50 if Commissioner in post). –AiB Administration – Fixed fee of £1,100 per case. No fee for handling review requests Small fee for AiB decisions on appointment/replacement of trustee, recall applications and curing a defect in procedure Lower fee than court existing application

8. Fees Review – UK Comparison Bankruptcy – England & Wales –Fixed Fee approach - £1,850 per case –Additional time/line fees –Fees charged on asset realisation –Commissions on £10,000 asset realisation Scotland - £1,500 England & Wales - £3,545 –Commissions on £10,000 contributions Scotland - £2,500 England & wales - £3,545

9. Alex Reid, Head of Operational Policy and Compliance 0300 200 2695, alex.reid@aib.gsi.gov.uk 1 Pennyburn Road, Kilwinning, Ayrshire, KA13 6SA T 0300 200 2600 F 0300 200 2601 W www.aib.gov.uk THANK YOU