Regulatory Alerts2025-01-21
Proposed 2021 Statutory Instrument: Supervisory Levies for Non-Bank Financial Institutions
The Non-Bank Financial Institutions Regulatory Authority proposes a standardized schedule of supervisory levies to fund the oversight of twenty-one categories of non-bank financial institutions. The schedule mandates fixed annual fees alongside percentage-based calculations applied to specific operational metrics, including managed investment values, gross commissions and premiums, loan book sizes, and per-member or per-fund counts. These revised charges will apply to asset managers, insurance entities, securities exchanges, custodians, and various specialized financial service providers.
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