Regulatory AlertsRegulatory fees and levies: policy proposals for 2023/24
The Financial Conduct Authority proposes policy changes to its fee and levy structure for the 2023/24 financial year, including freezing minimum fees and application charges to mitigate inflationary pressures on firms. The regulator outlines assumptions for the upcoming spring consultation on periodic fee rates, detailing cost recovery mechanisms for ongoing regulatory activities and specific projects such as the Consumer Duty and Future Regulatory Framework. Additionally, the document introduces a new fee for financial promotions applications, updates charges for appointed representatives, and announces the collection of the Economic Crime Levy on behalf of HM Treasury.
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