Regulatory Alerts2020-09-30
Added · Updated
CP20/16: Debt advice levy rates for 2020/21 – additional funding
The Financial Conduct Authority proposes to collect an additional £14.2 million for the Money and Pensions Service (MaPS) and £2.087 million for Devolved Authorities to fund debt advice in 2020/21. These costs will be allocated equally between the Home Finance (A.2) and Consumer Credit (CC.3) fee blocks. Firms in these categories will be invoiced from December 2020, with payment required within 30 days of the invoice date.
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