Regulatory Alerts2024-04-05
Added · Updated
PS24/5: FCA regulated fees and levies 2024/25
The FCA finalizes the 2024/25 regulatory fees and levies for the Financial Conduct Authority and the Financial Ombudsman Service, applying to all FCA fee-payers and businesses seeking authorization. The Annual Funding Requirement is set at £755.0m, an increase of 10.7%, with ongoing regulatory activity costs rising by 8.75%. Final fee rates differ from consultation proposals due to updated fee data, and the FCA removes general insurance firms from recovering Advice Guidance Boundary Review costs. The document also includes consequential amendments to the FEES Manual and feedback on responses to consultation CP24/6.
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