Regulatory Alerts2023-11-20
Added · Updated
CP23/22: Regulatory fees and levies: policy proposals for 2024/25
The Financial Conduct Authority proposes policy changes to the collection of regulatory fees and levies for the 2024/25 financial year, applying to all FCA fee-payers, levy-payers for the Financial Ombudsman Service and Financial Services Compensation Scheme, and prospective applicants. The proposals include resuming phased increases to minimum fees for fee-blocks A.0, CC.1, and CC.2, restricting application fee uplifts to the overall increase in Operating Regulatory Activity costs, and introducing new fees structures for firms dealing as principal. Additionally, the document outlines adjustments to proxy income measures for certain consumer credit firms and drafting changes to clarify FEES 5 and FEES 6 rules.
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