Regulatory AlertsPS15/15: FCA regulated fees and levies
The Financial Conduct Authority issued Policy Statement PS15/15 to establish the rules for 2015/16 regulatory fees and levies for the FCA, the pensions guidance levy, the Financial Ombudsman Service, and MoneyHelper. This funding mechanism ensures these bodies can meet their statutory objectives without relying on government subsidies. All fee-payers are directly affected by these rules, which follow the consultation outlined in CP15/14.
We are publishing rules on our 2015/16 regulatory fees and levies for the FCA, the pensions guidance levy, the Financial Ombudsman Service (ombudsman service) general levy, and MoneyHelper (formerly the Money Advice Service).
Why are we publishing rules on this?
We are funded entirely by the fees and levies recovered from the firms we regulate – we receive no subsidies from other sources. The policy in this paper will enable us to raise the funding for the FCA, the ombudsman (excluding case fees) and MoneyHelper (formerly the Money Advice Service) to meet their statutory objectives in 2015/16. They will also enable the Pension Wise service (now MoneyHelper's Pension Wise), provided by the Treasury, to be funded in 2015/16. This follows the second part of our consultation on 2015/16 fees.
Policy Statement PS15/15 [PDF]
Who does this Policy Statement affect?
All fee-payers will be affected by this PS.
Our fees rules are not directly of interest to consumers, although indirectly our fees are met by consumers.
Want to find out more?
For more information:
CP15/14 FCA regulated fees and levies: Rates proposals 2015/16
our Fees web pages
our How we raise our fees paper
: Link changed FSA link now links to National Archives
: Information added Pension Wise to MoneyHelper
: Information added Money Advice Service to MoneyHelper
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