Regulatory Alerts2024-01-08
Added · Updated
CP24/1: Financial Services Compensation Scheme - Management Expenses Levy Limit 2024/25
The Prudential Regulation Authority and the Financial Conduct Authority set the Management Expenses Levy Limit for the Financial Services Compensation Scheme at £108.1 million for the 2024/25 financial year. This limit, which applies from 1 April 2024 to 31 March 2025, comprises a £103.1 million management expenses budget and a £5 million unlevied reserve. The amount represents a £1.7 million reduction from the previous year's limit of £109.8 million. This levy applies to all PRA and FCA authorised firms that fund the FSCS.
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