Regulatory Alerts2018-01-03
Added · Updated
CP18/1: Aligning the Financial Services Compensation Scheme levy time period
The Financial Conduct Authority proposes transitional provisions to allow the 2017/18 compensation levy year to run to its original end date of 30 June 2018 and to implement a nine-month compensation levy year from 1 July 2018 to 31 March 2019 with pro-rated class thresholds. The proposal also delays the introduction of arrangements for firms paying fees on account by one year until 1 April 2019 and clarifies that rule FEES 6.7.-1R does not apply to interim levies. These measures apply to firms contributing to Financial Services Compensation Scheme funding, specifically to preserve the support the life and pensions intermediation class receives from the retail pool.
More like this from FCA
FCA published 5 documents in the last 30 days. We email you each new one the day it's published.