Regulatory AlertsCP21/33: Regulatory fees and levies proposals for 2022/23
The Financial Conduct Authority proposes significant changes to its fee structure for 2022/23, including rebasing the minimum fee in fee-block A.0 to £2,200 based on the minimum cost of regulation. The regulator plans to integrate fully authorised consumer credit firms into fee-block A.0 and the prudential fee-block AP.0, while staggering increases for limited permission firms. Additionally, the document outlines proposals for special project fees under the Investment Firms Prudential Regime and cost recovery mechanisms for new regulatory responsibilities.
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