Regulatory Alerts2017-01-13
Financial Services Compensation Scheme Management Expenses Levy Limit 2017/18
The Financial Conduct Authority and Prudential Regulation Authority propose a Management Expenses Levy Limit of £74.54 million for the Financial Services Compensation Scheme for the 2017/18 financial year. This limit comprises £69.24 million for projected operating costs and a £5.3 million contingency reserve, representing a 2.74% increase driven by higher volumes of complex claims. The regulators seek industry feedback on these proposals by 13 February 2017 before finalizing rules to take effect on 1 April 2017.
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