Regulatory Alerts2016-11-16
Regulatory fees and levies: policy proposals for 2017/18
The Financial Conduct Authority proposes new regulatory fees and levies for the 2017/18 financial year to fund its operations and specific regulatory initiatives. The proposals include introducing a levy on consumer credit firms to recover HM Treasury's costs for tackling illegal money lending and identifying fee-blocks to recover implementation costs for MiFID II. Additionally, the Authority seeks to base fees for recognized investment exchanges and benchmark administrators on income while updating the Fees manual with technical clarifications.
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