Regulatory AlertsCP19/30: Regulatory fees and levies: policy proposals for 2020/21
The Financial Conduct Authority proposes regulatory fee and levy changes for the 2020/21 financial year, including a new £5,000 annual charge for proxy advisors and a £50 administration fee for paper invoicing. The regulator intends to shift the periodic fee calculation basis for Multi-lateral Trading Facilities, Organised Trading Facilities, and Recognised Overseas Investment Exchanges from flat rates to annual income measures. Additional proposals involve updating special project fee applicability, adjusting valuation dates for premium listed issuers, and consulting on funding mechanisms for free-to-consumer debt advice.
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