annual eligible income

    (in FEES ) (in relation to a firm, class and category ) the annual income (as described in FEES 6 Annex 3AR ) for the firm's last financial year ended in the year to 31 December preceding the date for submission of the information under FEES 6.5.13 R attributable to that class or category. A firm must calculate annual eligible income from such annual income in one of the following ways:

      1. (a) only include such annual income if it is attributable to business in respect of which the FSCS may pay compensation (with reference to the conditions for paying compensation, including COMP 3.2.2R, COMP 3.2.4R, COMP 4.2.1R and COMP 12A); or
      1. (b) include all such annual income.
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