Regulatory Alerts2019-03-29
PS19/10: Recovering the costs of regulating credit rating agencies, trade repositories and securitisation repositories after the UK leaves the European Union
The Financial Conduct Authority issues final requirements for recovering regulatory costs from credit rating agencies, trade repositories, and securitisation repositories following the UK's departure from the European Union. The regulator implements proposed application and periodic fees, maintaining alignment with ESMA structures while allowing firms greater flexibility in reporting years and defining turnover based on regulated activities. These rules, which include specific charges for third-country entities and new market entrants, will come into effect on the day the UK leaves the EU to fund the FCA's supervisory activities.
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