Regulatory AlertsFinancial Services Compensation Scheme – Management Expenses Levy Limit 2022/23
The Financial Conduct Authority issued Handbook Notice No 97 to implement legislative changes to the FCA Handbook, including the Financial Services Compensation Scheme Management Expenses Levy Limit for 2022/23. The FCA Board set the FSCS management expenses levy limit at £110,473,324 to cover operating costs and maintain a contingency reserve for unexpected claims. This notice also details fee restructuring for consumer credit firms and clarifications to PRIIPs regulations, with most changes coming into force on 1 April 2022.
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