PS25/8: FCA regulated fees and levies 2025/26

Policy Statement
PS25/8
FCA regulated fees and levies
2025/26: feedback on CP25/7 and
‘made rules’
July 2025

This relates to
Consultation Paper 25/7 which is available on our website at www.fca.org.uk/publications Email:
cp25-7@fca.org.uk
All our publications are available to download from www.fca.org.uk. Request an alternative format Please complete this form if you require this content in an alternative format. Or call 0207 066 1000 Sign up for our news and publications alerts See all our latest press releases, consultations and speeches.

Contents
Chapter 1 Summary . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Page 4
Chapter 2 FCA periodic fees . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Page 8
Chapter 3 Application, transaction, and notification fees. . . . . . . . . . . . . . Page 21
Chapter 4 Financial Ombudsman Service general levy . . . . . . . . . . . . . . . Page 22
Chapter 5 Levies collected on behalf of other government departments . . . Page 30
Chapter 6 Fees policy amendments and updates . . . . . . . . . . . . . . . . . . Page 34
Annex 1 List of respondents . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Page 36
Annex 2 Abbreviations used in this paper . . . . . . . . . . . . . . . . . . . . . . . . Page 37
Annex 3 Annual Funding Requirement . . . . . . . . . . . . . . . . . . . . . . . . . . Page 38
Appendix 1 Made rules (legal instrument)
Contents by sector
This table sets out which chapters are particularly relevant for each sector. This is where you will find the most relevant chapter(s) for your firm. Sector Chapter All FCA fee-payers 2, 3, 6 All FCA fee-payers and those considering authorisation or registration Firms subject to the Financial Ombudsman Service general levy 4 Firms subject to various government levies 5

Chapter 1
Summary
Introduction
1.1 We are publishing the 2025/26 regulatory fees and levies for:

the Financial Conduct Authority (FCA)
the Financial Ombudsman Service (Financial Ombudsman)
1.2 This Policy Statement (PS) also covers the rules that enable us to collect certain levies
on behalf of government departments.
1.3 We are also publishing our feedback on the responses to the consultation on draft
fees and levies rules in CP25/7. CP25/7 closed on 13 May 2025, and we received 15 responses. Who this affects
1.4 This PS applies to all FCA fee-payers and any businesses considering applying for FCA
authorisation or registration. Table 1.1 sets out the fee-payers likely to be affected by each chapter.
Table 1.1: Fee-payers likely to be affected by each chapter in the PS
Issue Fee-payers likely to be affected Chapter FCA periodic fees All FCA fee-payers 2 FCA application, transaction and notification fees All FCA fee-payers or businesses considering authorisation or registration Financial Ombudsman:
general levy rates
Firms subject to the Financial Ombudsman’s general levy Money guidance levy Firms in certain A fee-blocks, firms in the G fee-blocks, firms in fee-blocks CC.1 and CC.2 (consumer credit firms) Debt advice levy Firms in fee-blocks A.2 (home finance providers and administrators) and CC.3 (consumer credit lending) Pensions guidance levy Firms in fee-blocks A.4 (insurers – life), A.7 (portfolio managers), A.9 (managers and depositaries of investment funds and operators of collective investment or pension schemes)

Issue Fee-payers likely to be affected Chapter Devolved Authorities debt advice levy Firms in fee-blocks A.2 (home finance providers and administrators) and CC.3 (consumer credit lending) Illegal money lending levy Firms in fee-blocks CC.1 and CC.2 (consumer credit firms) FEES amendments All FCA fee-payers 6 Our approach to cost-recovery and our consultation
1.5 Our publications on fees follow an annual cycle as set out in the diagram below.
November: consult on changes to our policy on how we raise fees and levies. January: consult on the FSCS MELL, a joint consultation with the PRA. March: publish Handbook Notice with feedback on fees policy November CP and FSCS MELL CP. April: consult on FCA periodic fee-rates for the next financial year and other levies. July: publish a Policy Statement with feedback on April CP responses and levy rates.
1.6 Our fees enable us to recover the costs of delivering our priorities and strategy for
the coming year, as set out in our 2025/26 Work Programme. The total fees payable by fee-payers in 2025/26 is £711.9m, which is £8m lower than the total fees payable in 2024/25. The fees we collect pay for our annual funding requirement (AFR) to deliver our programme of work for 2025/26 which is budgeted to cost £783.5m. This is made up of the baseline cost of our ongoing regulatory activities (ORA) and our exceptional projects. We consult annually on how we will recover the AFR for the coming year. We have reduced the total fees payable amount by applying the £71.6m of financial penalty revenues we retained from 2024/25.
1.7 We distribute the recovery of our AFR across different fee-blocks. These group together
fee-payers with similar permissions so we can broadly align the costs of regulating those permissions with the relevant fee-block. In most fee-blocks, we apply retained financial

penalties as a rebate to the fees paid by firms. The final fee-rate for each fee-block will be determined by:

the AFR allocated to the fee-block;
the underlying firm population;
the tariff data submitted by each firm; and
the amount of financial penalty revenue to be applied to that fee-block.
Our consultation
1.8 Our April 2025 fee-rates consultation (CP25/7) set out our proposals for fee and levy
rates for 2025/26. Our key proposals included:
distributing new exceptional project costs between fee-blocks
increasing minimum, flat rate and application fees, in line with the increase in ORA
(2.5%)
continuing staged increases to the minimum fees paid in the consumer credit and
A fee-blocks
draft periodic fee-rates for 2025/26
the Financial Ombudsman draft general levy-rates for industry blocks for 2025/26
draft rates for the levies we have been directed to collect in 2025/26 by
government departments
consequential amendments to the FEES manual
a discussion chapter, seeking views on our fees publication timetable
What we are changing
1.9 We are finalising the rules as they were consulted on, subject to minor corrections. As
such, there is no impact on the compatibility statement in CP 25/7, including the analysis of any impact on mutual societies compared to the impact on other types of fee-payers.
1.10 We set out the final fee and levy rates for 2025/26 in Appendix 1. The final rates differ in
some places from the draft rates consulted on in CP25/7 due to changes in the fee data we use to calculate fee-rates. We explain this in paragraph 2.27.
1.11 As far as provided for in FEES 4.1.2AR, FEES 5.1.8R, FEES 7A.1.10R, FEES 7B.1.10R
and FEES 13.1.9R, the updates to fee rates will apply to Gibraltarian firms carrying on regulated activity in the UK under a passporting right. Summary of feedback and our response
1.12 We received 15 responses from stakeholders, including firms and trade bodies. We have
reviewed these responses and summarised feedback in this PS. We provide an update on our discussion chapter regarding our fees publication timetable in Chapter 7 of this PS.

1.13 Where responses asked us for technical clarification, or were firm-specific, we will
contact these respondents directly. If firms have any concerns about their invoices, they should contact the fees helpline. How it links to our objectives
1.14 In determining our cost-recovery proposals, we have carefully considered how to deliver
against our strategy by advancing our objectives. The fees we collect enable us to recover the costs of our work. Therefore, our fees policy funds our capacity to deliver against our strategy by advancing our operational objectives and secondary objective. Equality and diversity considerations
1.15 We have considered the equality and diversity issues that may arise from the changes in
this PS. Overall, we do not consider that the changes materially impact any of the groups with protected characteristics under the Equality Act 2010 (in Northern Ireland, the Equality Act is not enacted but other anti-discrimination legislation applies). What you need to do next
1.16 Firms can use our online fees calculator to calculate their individual fees based on the
final rates in Appendix 1 of this PS.

Chapter 2
FCA periodic fees
(Final rules in Appendix 1)
2.1 In this chapter, we respond to feedback on our periodic fee proposals in Chapter 3 of
CP25/7. Periodic fees are the annual fees that FCA-authorised or registered firms must pay and include the following:

Minimum fees: Within most fee-blocks, all firms pay a minimum fee.
Variable fees: Larger firms, whose fees metric takes them above a particular
threshold, pay a variable fee on top of their minimum fee. For example, consumer credit firms in fee-block CC.1 and CC.2 pay a variable fee on top of their minimum fee if they earn a regulated income above £250,000.
Flat rate fees: We set fixed fees for all firms in some fee-blocks, regardless of their
size, instead of minimum and variable fees. For example, Certified Credit Rating Agencies in fee-block J.1 pay a flat-fee whatever their size.
2.2 We also confirm the:
final 2025/26 allocation of the AFR across fee-blocks, alongside the comparison
with 2024/25 (Table 2.1)
revised structure of A-block and consumer credit minimum fees (Table 2.2)
data used to calculate final 2025/26 fee-rates, alongside the year-on-year
movement in actual fee-rates between 2024/25 and 2025/26 (Table 2.3)
final schedule of rebates of retained penalties in 2025/26 (Table 2.4)
changes between the draft variable fee-rates in CP25/7 and the final rates
(Appendix 1)
Consultation feedback and our responses
2.3 We received 15 responses to our questions on fee-rates and our exceptional projects.
We have grouped and summarised these responses below.
Fee-rates and cost of regulation
2.4 Ten respondents replied to the following question:
Question: Do you have any comments on the proposed FCA periodic fee-rates for 2025/26?
2.5 Four respondents, including 2 trade bodies, supported our proposed FCA periodic feerates for 2025/26.
2.6 Five respondents criticised the overall increase in our funding requirement, and queried
increases in the fees payable by certain fee-blocks. These respondents were concerned

about the impact a resulting increase in fees might have on fee-payers. This included 2 trade bodies questioning the benefits their members would derive from paying higher regulatory fees.
2.7 One respondent queried our calculations for fee-block G.25.
Our response
We undertake a rigorous business planning exercise to determine our funding requirement. This includes scrutinising our costs and considering the impact of inflation and our expanding remit. Our funding requirement includes the ongoing cost of operating the FCA, inflationary changes and any exceptional projects we undertake. This year, we have limited the increase of the baseline cost of operating the FCA – and the subsequent increases to fees in line with ORA – to 2.5%. This is below the rate of inflation as of May 2025. We note our total fees payable for 2025/26 is lower than in 2024/25 due to the application of retained financial penalties to certain fee-blocks. We can retain financial penalties up to the amount of relevant enforcement costs. For further information on how we retain and apply financial penalties, please see our webpage (Enforcement | FCA). All fee-payers benefit from operating within a regulated market. This year’s increase in our funding supports our ongoing work and delivery of our 4 strategic priorities that is set out in our new 5-year Strategy. We aim to mitigate the potential impact of increases to fee-rates on fee-payers by structuring our fees such that cost recovery is weighted towards the larger fee-payers with the capacity to contribute variablerate fees on top of their minimum fees. We have set out our final calculations and fee-rates for all fee-blocks using final population and tariff figures, including fee-block G.25, at Table 2.3.
2.8 One trade body proposed that we revisit our staged increases to the minimum fees
charged to all firms in the consumer credit and A fee-blocks. The trade body said that as these increases were introduced in 2022, when the rate of inflation was higher than it is now, we should moderate our increases accordingly. Our response In PS22/7, we introduced staged increases to minimum fees paid in the consumer credit and A fee-blocks so that the fees better reflected the minimum cost of regulating these firms. We did not base the increase on inflation rates.

While these fee-blocks have been subject to the staged increases, they have been exempted from the general increases in line with ORA which would capture inflationary increases. Therefore, we do not intend to re-visit the minimum fees for these fee-blocks until 2026/27, when the staged increases are due to end.
2.9 One respondent asked us to review the income threshold for variable fee-payers and
increase it from £100,000 given it has remained static for some time. Our response We have considered amending the income threshold for variable feepayers. We concluded that we will maintain variable fee thresholds at their current rates as any changes would have a disproportionate impact on variable-rate fee-payers. We will keep thresholds under review and any future changes would be consulted on. Motor finance exceptional project cost recovery
2.10 We asked 3 questions about the motor finance exceptional project cost recovery
proposals. We received 8 responses to our first question about how to recover the £6.9m costs of our review of the historical use of discretionary commission arrangements (DCAs) in the motor finance sector which we commenced in January 2024 and including our forecasted costs until March 2026. Our first question was:
Question: Do you agree with our proposal to recover the costs incurred from our review of historical motor finance DCAs from variable fee-paying lenders that sold a motor finance credit agreement between 2007 and 2021 which included a DCA?
2.11 One trade body and 3 firms supported our proposals to recover costs from DCA lenders
(new fee-block CC4).
2.12 Two firms and 2 trade bodies did not support our proposals. One firm and 1 trade body
criticised the need for our review of historical motor finance DCAs and resulting costs on the basis that the increase in consumer complaints is due to the lack of certainty provided by our 2019 motor finance review. They also said that this work should not be classified as an exceptional project and disagreed with our targeted approach to cost recovery. They questioned whether our cost recovery approach was proportionate, given that we were imposing additional costs on firms that were already experiencing operational burdens and rising costs due the review. They also asked for further detail on how the costs of the review and fees had been calculated.
2.13 Two trade bodies said that it would be fairer to base the fees on the number or value of
DCAs sold by firms. One asked if several firms in fee-block CC4 were to exit the market, whether the remaining firms in the fee-block would have to pick up the cost. They also

noted that brokers were not included in our cost recovery proposals. One respondent said they should be. One firm asked if alternative cost recovery options had been considered. Our response Our 2019 review set out our final findings at that time and clearly identified risks with commission arrangements set by lenders and the lack of oversight of their brokers. We noted in the review published in March 2019 that we expect lenders to review their systems and controls, in light of our findings. Where harm, or potential harm, is identified, this should be addressed. The harms identified by the use of DCAs eventually led to complaints, which were escalated to the Financial Ombudsman. Given the rise in complaints and our further review, which may result in further regulatory intervention, we consider it proportionate to start recovering our costs from firms. While day-to-day supervision typically addresses firm-specific risks, the scale and potential consumer harm in this case required a sector-wide approach. The decision to recover costs reflects the scale and scope of the work, which goes beyond routine supervision and directly supports our statutory consumer protection objective as well as our market integrity objective. The insights from our review to date have been embedded into ongoing day-to-day supervisory activity. We considered several models for calculating the CC4 fee, including basing the fee on the number of DCAs sold by firms. Basing our fee on the number of DCAs sold by firms would impose greater reporting requirements on firms and would result in only minor differences in the CC4 fees compared to basing the fees on annual income. We will therefore model CC4 fees based on firms’ annual consumer credit income reported in the preceding financial year as the more proportionate option. As set out in CP25/7, we considered different ways of recovering our motor finance DCA project costs. Given that most consumer credit firms are not involved in our review of historical motor finance DCAs, it would be inequitable to spread our costs across the wider fee-block. Therefore, for the 2025/26 fee year, we will target the costs of our review on motor finance lenders that sold a DCA between 2007 and 2021. We will keep this position under review, including whether to charge our costs to brokers. This position will be informed by the upcoming Supreme Court decision. Within 6 weeks of that decision, we will confirm whether a redress scheme will be proposed, and if so, how it will be implemented, and we will consult on any scheme, including whether a scheme would apply to motor finance lenders and/or brokers. Each year, we will consult on how we plan to adjust fee-rates based on the number of fee-payers and tariff data available to us, which will include consideration of changes following firms exiting the market.

2.14 As set out in CP25/7, our work into historic motor finance DCAs will continue into
2026/27. We anticipate our future costs for this part of the review to range between £10m and £20m. We asked for feedback on how to recover these costs. Our question was:
Question: Should we recover future costs over 3 years or 5 years? Please outline why and provide any other considerations we should take into account.
2.15 Two trade bodies and 1 firm responded, requesting that cost recovery be spread over 5
years to help firms in CC4 manage their costs more effectively. Our response We will recover future costs over a 5-year period. This will be reflected in the calculation of the relevant fee-rates in future years.
2.16 We also consulted on cost recovery relating to the skilled person review of historical
motor finance DCA sales across several lenders. These lenders have covered the costs of the skilled person review directly. We proposed exploring how to offset this amount against their relevant portion of the exceptional project costs, as otherwise they would face higher costs compared to other fee-payers. Our question was:
Question: Do you agree that we should offset the financial impact on firms in fee-block CC4 that paid for a skilled person review?
2.17 We received 7 responses to our proposal. Of those, 3 trade bodies and 3 firms agreed to
our proposals in principle without providing a detailed response.
2.18 One firm disagreed, stating that this would set a precedent for other firms to request
a reduction in or exclusion from future fees. The respondent said that other firms (including itself) had incurred costs unrelated to the skilled person review, but which nonetheless supported the FCA’s motor finance review. It argued that if the FCA applied a rebate for firms that had paid for the skilled person review, it should consider rebates for all firms which had contributed to the motor finance review. Our response Given the broadly supportive feedback, we will continue to explore how to account for the amounts already paid by lenders in relation to the appointment of the skilled person. We are not proposing to account for the internal costs incurred by those lenders in response to the review. Our initial analysis shows that firms which paid for the cost of appointing a skilled person will be paying higher costs compared to other fee-payers in fee-block CC4. As such, we believe it may not be equitable for these firms to pay for the skilled person review costs as well as their relevant

portion of the project costs. We will set out detailed proposals for how any rebate would impact firms’ fees within fee-block CC4 in a future fees consultation. ESG ratings providers exceptional project cost recovery
2.19 We received 6 responses to our proposal to spread the costs of bringing ESG ratings
providers into the regulatory perimeter across all fee-payers. Our question was:
Question: Do you agree with our proposed approach to cost recovery for the exceptional project of setting up the regulatory regime for ESG ratings providers?
2.20 Two trade bodies that responded disagreed on the basis that certain sectors would not
directly benefit from the regulation of ESG ratings providers and therefore should not contribute towards the cost. Two other respondents had the same concern but argued that less impacted sectors should pay a lower proportion of the costs.
2.21 Two respondents supported our proposal. However, one was concerned that our
exceptional project costs would increase because the new regime would increase the amount of authorisations work we undertake. Our response:
Where exceptional projects affect all fee-payers, we spread costs across all fee-blocks. Firms are increasingly integrating ESG considerations into their activities and using these ratings to inform investment decisions and capital allocation. As regulation of ESG ratings providers has the potential to impact all firms, sectors and consumers, we consider it is proportionate that the project costs are spread across all fee-blocks. Any costs incurred from processing authorisation applications will be recovered separately from the exceptional project costs. We will apply our standard cost recovery approach for processing authorisation applications by distributing recovery between ESG ratings provider applicants and existing fee-payers. This approach balances the cost of policing the perimeter against the need to avoid creating unnecessary barriers to entry. We will recover the cost of supervising ESG ratings providers after they have been authorised directly from ESG ratings providers through periodic fees. We will begin to charge ESG ratings providers periodic fees once we have a full population in place.

AFR allocation across fee-blocks
2.22 In Chapter 2 of CP25/7, we proposed how to distribute recovery of our costs across feeblocks. Table 2.1 shows the final allocation of the 2025/26 AFR across fee-blocks.
Table 2.1: Final 2025/26 allocation of AFR across fee-blocks and comparison
with 2024/25
AFR allocations to fee-blocks
Budgeted
2025/26
£m
Budgeted
2024/25
£m
Movement
£m
Movement
%
A.0 FCA minimum fee 31.3 28.6 2.8 9.7
AP.0 FCA prudential fee (i) 26.0 25.3 0.6 2.6 A.1 Deposit acceptors (i) 100.1 96.2 3.9 4.1 A.2 Home finance providers and administrators
24.0 23.6 0.4 1.9
A.3 Insurers – general (ii) 35.3 34.3 1.0 2.9 A.4 Insurers – life (ii) 59.7 57.7 2.0 3.4 A.5 Managing agents at Lloyd’s (ii) 0.3 0.3 0.0 1.8 A.6 The Society of Lloyd’s (ii) 0.4 0.4 0.0 2.3 A.7 Portfolio managers 60.9 59.1 1.8 3.0 A.9 Managers and depositaries of investment funds, and operators of collective investment schemes or pension schemes
16.3 15.7 0.5 3.5
A.10 Firms dealing as principal (iii) 69.6 68.0 1.6 2.3 A.13 Advisors, arrangers, dealers, brokers
106.6 103.0 3.6 3.5
A.14 Corporate finance advisers 19.2 18.7 0.4 2.4 A.18 Home finance providers, advisers and arrangers
23.5 23.0 0.5 2.4
A.19 General insurance mediation 38.8 38.0 0.9 2.4 A.21 Firms holding client money or assets or both
19.9 19.4 0.5 2.4
A.22 Principal firms – appointed representatives
7.4 7.1 0.2 3.0
A.23 Funeral Plans 1.9 1.8 0.0 0.9
A.24 Access to Cash 0.3 2.0 -1.7 -85.0 CC1. Consumer credit–limited permission
11.4 11.2 0.3 2.3
CC2. Consumer credit–full permission
59.3 57.9 1.4 2.3

AFR allocations to fee-blocks
Budgeted
2025/26
£m
Budgeted
2024/25
£m
Movement
£m
Movement
%
CC4. Motor vehicle lending with discretionary commission arrangements
6.9 n.a. 6.9 n.a.
CMC01 Claims Management
Companies
2.3 2.3 0.1 3.1
B. Recognised investment exchanges, recognised overseas investment exchanges, multilateral trading facilities, organised trading facilities, recognised auction platforms, service companies, regulated benchmark administrators, third-country legal representative, benchmark endorsers
10.6 10.3 0.3 2.7
C. Collective investment schemes 3.4 3.4 0.1 2.8
D. Designated professional bodies and professional body supervisors
2.3 2.2 0.1 2.8
E. Issuers and sponsors of securities 30.1 29.3 0.8 2.8 G. Money laundering regulations; regulated covered bonds regulations; payment services regulations; electronic money regulations; firms undertaking consumer buy-to-let business; data reporting services providers; third-party verification agents; cryptoasset businesses
13.5 14.0 -0.5 -3.5
J.1 Credit rating agencies 1.5 1.5 0.0 2.5 J.2 Trade repositories and J.3 securitisation repositories
0.7 0.6 0.0 2.9
Total AFR 783.5 755.0 28.6 3.8
Notes: (i) AP.0 FCA prudential fee-block is only recovered from FCA solo-regulated firms in proportion to the total periodic fees they pay through FCA solo-regulated fee-blocks. (ii) Fee-block activities that are dual-regulated by the FCA for conduct purposes and the PRA for prudential purposes. (iii) Includes certain investment firms that have been designated by the PRA to be regulated by the PRA for prudential purposes. These designated firms do not pay fees in AP.0, but the remaining solo-regulated firms in A.10 do.

Final minimum and flat-rate fees
2.23 This section sets out the final A-block and consumer credit minimum fees for 2025/26.
2.24 In Chapter 3 of CP25/7, we proposed to increase minimum and flat-rate fees in line
with our increased ORA costs (2.5%) and continue the staged increases of A-block and consumer credit minimum fees.
2.25 Table 2.2 sets out the revised staged uplift to A-block and consumer credit fees. Any
firm authorised to carry out any of the regulated activities covered by the A fee-blocks will pay the minimum fee in fee-block A.0, except for A.6, which has only 1 fee-payer: the Society of Lloyd’s.
Table 2.2: Revised structure of A-block and consumer credit minimum fees
2025/26 2026/27
Fee-block A.0
£2,000 £2,200
Fee-block CC.1 (limited consumer credit permission) Consumer Credit Related Income 2025/26 2026/27 Up to £10,000 £800 £1,100 £10,000-£100,000 £1,100 Over £100,000 £1,100 Fee-block CC.2 (full consumer credit authorisation) Up to £50,000 £1,500 £2,200 £50,000-£100,000 £1,750 Over £100,000 £2,000 Final variable fee-rates for 2025/26
2.26 We calculate variable fees by dividing the AFR for each fee-block by the total tariff data
reported by the fee-payers in it. We highlighted in CP25/7 that we calculated the draft fee-rates and levies using estimated fee-payer populations and data, as we did not have tariff data for all fee-payers.
2.27 The differences between the draft fee-rates published in CP25/7 and the final feerates set out in Appendix 1 are due to the variations between the estimated tariff data
and final tariff data used to calculate fee-rates. Table 2.3 shows the final figures for firm populations and the tariff data we have used to calculate the final rates in Appendix 1.

Table 2.3: Data used to calculate final 2025/26 fee-rates and year-on-year movement in actual fee-rates between 2024/25
and 2025/26
Fee block Tariff base Number of firms in fee-blocks Tariff data 2025/26 2024/25 Actual (i) Change 2025/26 2024/25 Actual (i) Change Change in rates A.1 Modified eligible liabilities 671 690 -2.8% £3,977.3bn £3,861.1bn 3.0% 1.0% A.2 Number of mortgages or other home finance transactions 374 376 -0.5% £6.3m £6.3m 0.4% 1.1% A.3 Gross written premium 318 301 5.6% £101.3bn £88.5bn 14.5% -10.6% A.3 Best estimate liabilities £170.5bn £162.4bn 4.9% -2.2% A.4 Gross written premium 127 139 -8.6% £187.8bn £166.6bn 12.7% -8.2% A.4 Best estimate liabilities £1,578.2bn £1,470.8bn 7.3% -3.6% A.5 Active capacity 55 55 0.0% £55.6bn £50.0bn 11.3% -8.7% A.7 Funds under management 2,594 2,669 -2.8% £12,622.6bn £11,519.4bn 9.6% -6.1% A.9 Gross income 1,157 1,187 -2.5% £14.7bn £14.9bn -1.2% 3.9% A.10 Traders 584 398 46.7% 8,402 7,612 10.4% -7.0% A.13 Annual income 9,752 10,343 -5.7% £39.4bn £38.5bn 2.2% 1.5% A.14 Annual income 728 756 -3.7% £9.9bn £8.4bn 17.4% -12.6% A.18 Annual income 4,965 5,160 -3.8% £2.1bn £2.0bn 2.4% 4.1% A.19 Annual income 11,105 11,701 -5.1% £24.8bn £22.3bn 11.5% -8.3% A.21 Client money 962 999 -3.7% £186.6bn £193.3bn -3.5% 4.8% A.21 Assets held £18,608.3bn £17,160.5bn 8.4% -5.1%

Fee block Tariff base Number of firms in fee-blocks Tariff data 2025/26 2024/25 Actual (i) Change 2025/26 2024/25 Actual (i) Change Change in rates A.22 Appointed Representatives 2,826 2,998 -5.7% 33,379 33,908 -1.6% 5.0% A.23 Funeral plans 209 227 -7.9% £124.0m £152.1m -18.5% 7.0% A.24 Modified eligible liabilities 14 14 0.0% £2,002.5bn £1,992.6bn 0.5% -85.1% CC1. Annual income 15,360 17,976 14.6% £3.2bn £2.6bn 23.6% -12.7% CC2. Annual income 10,764 11,524 -6.6% £32.9bn £26.6bn 23.5% -12.8% CC4. Annual income 44 n.a. n.a. £9.7bn n.a. n.a. n.a. CMC Annual income 410 433 -5.3% £153.5m £169.4m -9.4% 15.5% AB01 Annual income 10 10 0.0% £470.2m £432.2m 8.8% -12.3% BU01 Annual income 5 5 0.0% £870.6m £783.4m 11.1% -3.0% B002 Annual income 53 51 3.9% £863.1m £807.4m 6.9% -3.9% B005 Annual income 32 37 -13.5% £2,343.1m £2,318.1m 1.1% 0.7% C007 (ii) Number of funds 314 340 -7.6% 11,728 10,845 8.1% -50.0% C009 (ii) Number of funds 10 10 0.0% 49 22 122.7% -50.0% D001 Exempt professional firms 10 10 0.0% 8,976 7,668 17.1% -12.0% D002 Supervised individuals 22 22 0.0% 89,099 85,867 3.8% -2.3% E002 Market capitalisation 658 694 -5.2% £2,600.1bn £2,462.8bn 5.6% 24.8%(ii) G002 Modified eligible liabilities 309 311 -0.6% £3,962.2bn £3,846.6bn 3.0% -0.5% G003 Relevant income 539 560 -3.8% £12.5m £9,829.1m -99.9% -22.1%

Fee block Tariff base Number of firms in fee-blocks Tariff data 2025/26 2024/25 Actual (i) Change 2025/26 2024/25 Actual (i) Change Change in rates G010 Average outstanding electronic money 243 244 -0.4% £21.7bn £16.8bn 29.6% 52.8% G015 Fee for first programme Issuances 13 13 0.0% 13 13 0.0% -0.6% £11.9bn £20.7bn -42.3% 72.3% G025 Annual income 5 4 25.0% £57.5m £49.9m 15.3% 2.5% G030 Annual income 15 44 -65.9% £177.0m £162.1m 9.2% -33.1% J1 Applicable turnover 12 13 -7.7% £828.4m £670.4m 23.6% -21.5% J2 Applicable turnover 4 4 0.0% £56.9m £54.6m 4.1% -0.2% J3 Applicable turnover 2 2 0.0% £1.6m £1.4m 16.8% -0.2% Notes:
(i) ‘Actual’ refers to the final figures we used to calculate the 2025/26 fee-rates. (ii) The E002 fee-rate has increased due to changes in the underlying tariff data and allocation of exceptional project costs.

2.28 The amount we collect under the AFR is reduced by the financial penalty revenues we
retained from 2024/25. The final total of financial penalty revenues is £71.6m, compared to our estimate of £70.3m when we consulted in April 2025. The financial penalty scheme is explained on our website. Table 2.4 shows the impact of retained penalties on fee-blocks. We are distributing them in the same proportions as when we consulted.
Table 2.4: Final schedule of rebates of retained penalties in 2024/25
Fee-block
2024/25 retained penalties to be app to benefit of fee-payers in 2025/26 (£m) lied Rebate applied to 2025/26 fees AP.0 0.0 0.0% A.1 11.3 11.7% A.2 1.2 5.0% A.3 2.3 6.7% A.4 4.1 7.1% A.5 0.0 0.0% A.6 0.0 0.0% A.7 16.6 28.4% A.9 2.7 17.0% A.10 9.1 13.6% A.13 6.1 5.9% A.14 2.8 15.2% A.18 4.6 20.5% A.19 4.1 11.1% A.21 4.7 24.4% A.22 0.0 0.0% A.23 0.0 0.0% B. 0.0 0.0% CC1 0.0 0.0% CC2 0.0 0.0% CC4 0.0 0.0% E. 2.1 7.3% G.1 0.0 0.0% G.2, G.3, G.4, G.5
0.0 0.0%
G.10, G.11 0.0 0.0%
G.20, G.21 0.0 0.0%
G.25 0.0 0.0%
Total 71.6
2.29 Firms can use our online fees calculator to calculate their individual fees based on the
final rates in Appendix 1 of this PS.

Chapter 3
Application, transaction, and notification fees
3.1 In this chapter, we respond to feedback on Chapter 4 of CP25/7. In Chapter 4, we
consulted on increasing application, transaction and notification fees in line with our ORA costs (2.5%) and rounding them to the nearest £10. Feedback from consultation and our responses
3.2 We received 7 responses to our question on application, transaction, and notification
fees. The question was:
Question: Do you have any comments on the proposed FCA application, transaction and notification fees for 2025/26?
3.3 Three respondent trade bodies agreed with our proposal to raise these fee-rates in
line with ORA and noted that doing so was proportionate. Three other respondents (1 trade body and 2 firms) disagreed with our proposal. One of these firms stated that fee increases should not exceed inflation. The other 2 respondents did not provide further reasons for disagreeing with the proposed increase. The final respondent did not have any comments. Our response The minimum cost of operating the FCA (ie, our ORA budget) increases each year. This is largely due to inflationary pressures, but also due to our expanding remit and changes in underlying firm populations and tariff data. We have considered the feedback and have decided to proceed to increase our fees in line with ORA as consulted on in order to consistently recover the baseline cost of operating the FCA. This will also ensure that the value of our application fees does not erode over time. As of May 2025, the fee increase in line with ORA is below the rate of inflation.

Chapter 4
Financial Ombudsman Service general levy (Final rules in Appendix 1)
4.1 In this chapter we provide feedback on the responses to Chapter 5 of CP25/7.
4.2 We consulted on the 2025/26 general levy rates for firms in the compulsory jurisdiction
(CJ) of the Financial Ombudsman and set out the proposed levy rates for firms in each industry block. The final levy rates may differ from the draft rates we consulted on in CP25/7. This is due to the variations between the estimated tariff data and final tariff data used to calculate the levy rates. The final levy rates are set out in Appendix 1.
4.3 The Financial Ombudsman presented its final budget to the FCA Board’s Oversight
Committee in March 2025. The Oversight Committee (on delegated authority from the Board) approved the Financial Ombudsman’s total cost base of £285.1m for 2025/26. The Financial Ombudsman’s income comes from the annual levies payable for the CJ and voluntary jurisdiction (VJ) and case fees. The Financial Ombudsman has included a breakdown of its budget in its 2025/26 plans and budget publication (Financial Ombudsman Budget).
4.4 The general levy only applies to firms covered by the CJ and is raised and collected by
the FCA. It is generally payable by all firms authorised or registered by us, even if they have not had any cases referred to the Financial Ombudsman. However, firms who do not deal with eligible complainants (as defined in DISP 2.7.3R) can, by written notification to us, claim exemption from the rules on the funding of the Financial Ombudsman (see DISP 1.1.12R).
4.5 The CJ levy for 2025/26 is £70m, which is the same amount which was set in 2024/25.
The case fee will also remain at £650.
Feedback from consultation and our responses
4.6 We asked the following questions:
Question: Do you have any comments on the proposed method of calculating the CJ levy tariff rates for firms in each feeblock? Question: Do you have any comments on our proposals for how the overall CJ levy should be apportioned?
4.7 We received 8 responses to our questions on the Financial Ombudsman general levy.
One respondent trade body stated that its members broadly agreed with the proposed method of calculating the CJ levy, but were concerned how motor finance complaints about DCAs would affect the levy in the future. It said it would not want to see an

additional charge being made to the general insurance broking sector. One firm was also concerned that possible future case fees charged on motor finance commission complaints currently with the Financial Ombudsman, in addition to the CJ levy, could mean that consumer credit firms will pay a disproportionately high amount. It asked for more detail on how the Financial Ombudsman costs have been calculated. Our response The Financial Ombudsman publicly consults every December on its budget, which sets out its annual income requirement for the coming financial year and how this is split between the CJ levy and case fees. The FCA Oversight Committee scrutinises the budget on behalf of the FCA Board, which, under the Financial Services and Markets Act (FSMA), is required to approve the final budget. We would expect any impact on the Financial Ombudsman’s annual income requirement from motor finance complaints above the level forecast in the 2025/26 plan and budget to be considered as part of this process. This would include how this is split between the CJ levy and case fees. In relation to the CJ levy, the principle is that absent exceptional circumstances, costs arising from a particular type of complaint would be apportioned to the industry block covering the activity generating those complaints. We consider it is appropriate to apportion the levy in line with the Financial Ombudsman’s forecasts for the proportion of resources it will require to deal with complaints in each industry block for the year. It should be noted that the Financial Ombudsman Budget for 2025/26 shows other types of consumer credit cases make up a significant proportion of its work. The CJ levy covers all firms in an industry block whereas case fees are charged to the respondent firm based on the number of complaints they have had investigated by the Financial Ombudsman. This is consistent with the ‘polluter pays’ principle as it means that firms with more Financial Ombudsman complaints pay more in fees. The way motor finance commission complaints with the Financial Ombudsman are resolved, and whether firms will ultimately incur case fees in relation to these complaints, will be decided by the Financial Ombudsman. This will follow any action we may take in light of the Supreme Court judgment.
4.8 One trade body and 1 firm argued that requiring claims management companies (CMCs)
to make a 0.1% contribution to the CJ levy was too low, arguing that their activities place a significant cost burden on the Financial Ombudsman and consumer credit firms. The firm queried what the FCA, the Solicitors Regulation Authority (SRA) and the Financial Ombudsman are doing to address concerns about poor practice in the CMC sector.

Our response
The Financial Ombudsman’s cost forecasts for the CMC block reflects the demand it expects to be placed on its resources to consider complaints (as the Claims Management Ombudsman) about CMCs as authorised firms. We have apportioned the levy in line with these forecasts. This is separate to complaints brought by CMCs to the Financial Ombudsman as representatives of complainants. In February 2025, the Financial Ombudsman published its new rules on charging professional representatives, including FCA regulated CMCs, for cases brought to it. These rules came into force on 1 April 2025. Our supervision team considers evidence we receive concerning poor behaviour by FCA-regulated CMCs. We work closely with the SRA to ensure that our rules for firms carrying out claims management activity are aligned, and we share insight relating to the poor behaviour of firms where it concerns firms that they regulate.
4.9 While not strictly in the scope of the consultation relating to this chapter, 1 firm asked
for clarity on how ideas outlined in the Call for Input – Modernising the Redress System publication, issued jointly by the FCA and the Financial Ombudsman, could help reduce future CJ levies and when this may happen. We will be issuing a separate follow up publication on our Modernising the Redress System work in due course. Future years’ CJ levy amounts will be subject to the budget consultation process outlined above.

Table 4.1: Final general levy rates
Industry
Proposed
2025/26 tariff rate (£)
Final
2024/25 tariff rate (£)
Proposed
2025/26 minimum levy per firm (£)
Final
2024/25 minimum levy per firm (£)
Proposed
2025/26 gross total
Final
2024/25 gross total
Proposed
2025/26 contribution by block
Final 2024/25 contribution by block
I001 Deposit acceptors, home finance lenders and administrators Per relevant account
0.07120 0.07270 100 100 £20,154,101 £20,463,702 28.8% 29.2%
I002 Insurers:
general
Per £1,000 of gross written premium income
0.197 0.246 100 100 £8,998,944 £9,086,558 12.9% 13.0%
I003 The Society of
Lloyds
Flat Levy N.A. N.A. 58,669 70,056 £58,669 £70,056 0.1% 0.1% I004 Insurers: life Per £1,000 of gross written premium income
0.01200 0.02060 130 130 £1,827,033 £2,438,000 2.6% 3.5%
I005 Fund managers
Flat Levy N.A. N.A. 230 230 £242,550 £242,550 0.3% 0.3% I006 Operators, Trustees and Depositaries of collective investment schemes Flat Levy N.A. N.A. 75 60 £32,460 £32,460 0.0% 0.0%

Industry
Proposed
2025/26 tariff rate (£)
Final
2024/25 tariff rate (£)
Proposed
2025/26 minimum levy per firm (£)
Final
2024/25 minimum levy per firm (£)
Proposed
2025/26 gross total
Final
2024/25 gross total
Proposed
2025/26 contribution by block
Final 2024/25 contribution by block
I007 Dealers as principal
Flat Levy N.A. N.A. 75 75 £19,500 £19,500 0.0% 0.0% I008 Advisory arrangers, dealers or brokers (holding client money) Per £1,000 of annual income
0.208 0.191 45 45 £1,124,046 £914,667 1.6% 1.3%
I009 Advisory only firms and advisory, arrangers, dealers, or brokers (not holding client money) Per £1,000 of annual income
0.160 0.136 45 45 £1,067,055 £914,667 1.5% 1.3%
I010 Corporate finance advisors
Flat Levy N.A. N.A. 65 55 £17,710 £17,710 0.0% 0.0% IA11 Authorised payment service providers Per £1,000 of relevant Income
0.00200 0.00200 75 75 £48,263 £35,467 0.1% 0.1%

Industry
Proposed
2025/26 tariff rate (£)
Final
2024/25 tariff rate (£)
Proposed
2025/26 minimum levy per firm (£)
Final
2024/25 minimum levy per firm (£)
Proposed
2025/26 gross total
Final
2024/25 gross total
Proposed
2025/26 contribution by block
Final 2024/25 contribution by block
IS11 Small payment institutions and small e-money issuers Flat Levy N.A. N.A. 45 35 £18,060 £18,060 0.0% 0.0% I013 Cash plan health providers Flat Levy N.A. N.A. 75 65 £650 £650 0.0% 0.0% I014 Credit unions Flat Levy N.A. N.A. 70 55 £24,035 £24,035 0.0% 0.0% I015 Friendly societies whose tax exempt business represents 95% or more of their total relevant business Flat Levy N.A. N.A. 75 65 £2,600 £2,600 0.0% 0.0% I016 Home finance lenders, advisers and arrangers Flat Levy N.A. N.A. 95 85 £470,815 £470,815 0.7% 0.7%

Industry
Proposed
2025/26 tariff rate (£)
Final
2024/25 tariff rate (£)
Proposed
2025/26 minimum levy per firm (£)
Final
2024/25 minimum levy per firm (£)
Proposed
2025/26 gross total
Final
2024/25 gross total
Proposed
2025/26 contribution by block
Final 2024/25 contribution by block
I017 General insurance
Per £1,000 of relevant
0.410 0.531 100 100 £5,651,430 £6,698,093 8.1% 9.6%
mediation business annual income
IA18 Authorised electronic money institutions Per £1,000 of average outstanding electronic money
0.0001 0.0001 40 40 £9,493 £6,611 0.0% 0.0%
IS18 Small electronic money institutions Flat Levy N.A. N.A. 50 50 £1,297 £1,076 0.0% 0.0% I019 Consumer credit: limited Flat Levy N.A. N.A. 45 35 £782,390 £782,390 1.1% 1.1% IA19 Consumer credit: limited (not for profit) Flat Levy N.A. N.A. N.A. N.A. N.A. £0 0.0% 0.0% I020 Consumer Credit: Full Per £1,000 of consumer Credit Income
0.894 (on
income over
£250,000 plus minimum fee)
1.497 (on
income over
£250,000 plus minimum fee)
35 35 £29,288,469 £27,577,000 41.8% 39.4%

Industry
Proposed
2025/26 tariff rate (£)
Final
2024/25 tariff rate (£)
Proposed
2025/26 minimum levy per firm (£)
Final
2024/25 minimum levy per firm (£)
Proposed
2025/26 gross total
Final
2024/25 gross total
Proposed
2025/26 contribution by block
Final 2024/25 contribution by block
IR21 Consumer buy-to-let
Flat Levy N.A. N.A. 35 35 N.A. £0 0.0% 0.0% I022 Designated credit reference agencies Flat Levy N.A. N.A. 75 75 N.A. £0 0.0% 0.0% I023 Designated finance platforms Flat Levy N.A. N.A. 75 75 N.A. £0 0.0% 0.0% I024 Claims management companies Per £1,00 of relevant business Annual Income
0.310 0.370 50 50 £60,287 £66,667 0.1% 0.1%
I025 Funeral plans Flat Levy N.A. N.A. 65 35 £100,144 £116,667 0.1% 0.2% I026 Pension dashboard activities Flat Levy N.A. N.A. 65 35 £0 £0 0.0% 0.0% Total - all blocks £70,000,000 £70,000,000 100.0% 100.0%

Chapter 5
Levies collected on behalf of other government departments (Final rules in Appendix 1)
5.1 In this chapter, we set out the final 2025/26 funding requirements for the levies we
collect on behalf of government departments and give feedback on the responses to
Chapter 6 of CP25/7.
5.2 The levies are:

Money and Pensions Service (MaPS) levies
Devolved Authorities debt advice levies
Illegal money lending (IML) levy
Feedback from consultation and our responses
5.3 We received 9 responses to our question on the levies we collect on behalf of other
government departments. Our question was:
Question: Do you have any comments on the proposed 2025/26 rates for the levies collected on behalf of government departments?
5.4 The key points raised by consultation respondents are set out below, together with our
responses.
Levies
5.5 We received 9 responses to the proposed 2025/26 rates for the levies collected on
behalf of government departments. Two respondents raised concerns about the current approach to debt advice funding and stressed the need for determining a proportionate and sustainable funding model. One respondent stated that firms, other than consumer credit firms, should contribute to the costs of the IML. The 6 remaining respondents did not provide any substantive comments on the proposed levy rates. Our response We note the feedback on the methodologies used to determine the levies. We have shared the issues raised with the government departments who are responsible for the levies. We note that any changes to the levies would require government consultation.

Final levy rates
5.6 Table 6.1, 6.2 and 6.3 of CP25/7 showed the proposed allocations of the FSMA levies
to fee-blocks. Following consultation, we have not changed the pattern of distribution. However, some of the totals to be recovered have changed, which affects the levy amounts allocated to each fee-block. As we noted in CP25/7, some of the data we consulted on was estimated.
5.7 Tables 5.1 to 5.5 below present the final levy totals and their allocations to each feeblock. The tables also reference the parts of the FEES manual in Appendix 1 where the
fee-rates are set.
Table 5.1: Final allocation of MaPS levies 2025/26 to fee-blocks
Money guidance in the UK – levy rates in Fees 7A Annex 1 Fee-block Final 2025/26 allocation (£m) Actual 2024/25 allocation (£m) Movement (%) A.0 minimum fee 0.17 0.17 -4.4% A.1 Deposit acceptors 5.07 3.65 38.9% A.2 Home finance providers and administrators
4.24 3.20 32.3%
A.3 Insurers - general and UK ISPVs 2.35 1.76 33.4% A.4 Insurers - life 3.66 2.79 30.9% A.5 Managing agents at Lloyd’s 0.00 0.00 0.0% A.6 The Society of Lloyd’s 0.00 0.00 0.0% A.7 Portfolio managers 1.31 0.98 33.8% A.9 Managers and depositaries of investment funds, and operators of collective investment schemes or pension schemes
1.66 1.30 27.6%
A.10 Firms dealing as principal 1.47 1.09 34.3% A.13 Advisors, arrangers, dealers or brokers
2.49 1.88 32.3%
A.14 Corporate finance advisers 0.27 0.20 32.2% A.18 Home finance providers, advisers and arrangers
0.33 0.25 32.2%
A.19 General insurance distribution 0.54 0.41 32.2%

Money guidance in the UK – levy rates in Fees 7A Annex 1 Fee-block Final 2025/26 allocation (£m) Actual 2024/25 allocation (£m) Movement (%) A.21 Firms holding client money or assets, or both
0.28 0.21 32.3%
CC1. Credit-related regulated activities with limited permission
1.62 1.22 32.5%
CC2. Credit-related regulated activities
2.36 1.77 33.4%
G. Firms covered by Payment
Services Regulations 2017 (PSRs) and
Electronic Money Regulations 2011
(EMRs)
0.19 0.15 25.7%
Total 27.99 21.05 33.0%
Table 5.2: Final allocation of debt advice levies 2025/26 in England
Allocation of debt advice levies to fee-blocks Final 2025/26 allocation (£m) Actual 2024/25 allocation (£m) Movement (%) A.2 Home finance providers and administrators
51.55 44.55 15.7%
CC.3 Consumer credit lending 51.55 44.55 15.7% Total 103.1 89.1 15.7%
Table 5.3: Final allocation of pensions guidance levies 2025/26 in the UK
Allocation of pensions guidance levies to fee-blocks Final 2025/26 allocation (£m) Actual 2024/25 allocation (£m) Movement (%) A.1 Deposit acceptors 15.62 11.35 37.6% A.4 Insurers - life 15.62 11.35 37.6% A.7 Portfolio managers 15.62 11.35 37.6% A.9 Managers and depositaries of investment funds, and operators of collective investment schemes or pension schemes
10.42 7.57 37.6%

Allocation of pensions guidance levies to fee-blocks Final 2025/26 allocation (£m) Actual 2024/25 allocation (£m) Movement (%) A.13 Advisory arrangers, dealers and brokers
7.81 5.68 37.6%
Total 65.1 47.3 37.6%
Table 5.4: Final allocation of Devolved Authorities debt advice levies 2025/26 to
fee-blocks
Allocation of devolved authorities’ debt advice levies to fee-blocks Final 2025/26 allocation (£m) Actual 2024/25 allocation (£m) Movement (%) A.2 Home finance providers and administrators
8.59 6.02 42.7%
CC.3 Consumer credit lending 8.59 6.02 42.7% Total 17.18 12.04 42.7%
Table 5.5: Final allocation of IML levy 2025/26 to fee-blocks
Allocation of IML levy to fee-blocks
Final 2025/26 allocation (£m)
Actual 2024/25 allocation
(£m)
Movement
(%)
CC1. Credit-related regulated activities with limited permission
0.08 0.07 9.9%
CC2. Credit-related regulated activities 8.49 7.73 9.9% Total 8.57 7.80 9.9%

Chapter 6
Fees policy amendments and updates
(Final rules in Appendix 1)
6.1 In this chapter, we set out our final amendments to FEES in relation to:

skilled person review fees
minor clarifications
6.2 We also provide an update on the Discussion Chapter included in CP25/7 regarding our
fees publication timetable.
Skilled person review fees
6.3 We proposed amending the FEES manual to enable us to recover costs for skilled person
appointments made under the Money Laundering Regulations (MLRs). We received 8 responses, all of which supported our proposal. We have therefore amended FEES to cite the relevant MLR provisions for cryptoasset businesses and Annex 1 financial institutions as consulted on. Minor amendments
6.4 In Chapter 7 of CP25/7, we proposed making minor amendments to the FEES manual
and Handbook Glossary to improve readability, remove obsolete definitions and update references.
6.5 We did not receive any comments on our proposals so have made the rules as consulted
on.
Fees publication timetable
6.6 We received 5 responses to our discussion chapter in CP25/7. The chapter sought views
from industry on whether we should bring forward the publication of our fee-rates CP. We presented 2 options:
change our approach to modelling draft rates to enable us to publish our
consultation on fee-rates in early to mid-March but resulting in a greater differential between draft and final fee-rates.
publish at the end of March without changing our approach to modelling draft
rates.

6.7 Respondents broadly supported publication of draft fee-rates before the end of the
financial year. However, 2 respondents stated that the publication should not be brought forward if it would reduce the accuracy of the draft fee rates.
6.8 Given this support, we will publish our draft fee-rates using our current approach to
modelling at the earliest opportunity following the publication of our AFR. This will likely result in publication at the end of March, subject to Work Programme timelines.

Annex 1
List of respondents
We are obliged to include a list of the names of respondents to our consultation who have consented to the publication of their name. That list is as follows:
Association of Mortgage Intermediaries British Insurance Brokers Association LifeSearch Partners Ltd APARMA (The APA & ARM Association) Association of British Credit Unions Limited

Annex 2
Abbreviations used in this paper
Abbreviation Description
AFR Annual Funding Requirement
CJ Compulsory jurisdiction
CMC Claims management company
CP Consultation Paper
DCA Discretionary commission arrangement EMRs Electronic Money Regulations 2011 ESG Environmental, Social and Governance FCA Financial Conduct Authority FSMA Financial Services and Markets Act 2000 IML Illegal money lending MaPS Money and Pensions Service MLRs Money Laundering Regulations 2013 ORA Ongoing regulatory activities PRA Prudential Regulation Authority PS Policy Statement PSRs Payment Services Regulations 2017 SRA Solicitors Regulation Authority VJ Voluntary jurisdiction

Annex 3
Annual Funding Requirement
Estimated
2025/26 £m
Actual
2024/25 £m
Movement
£m %
Base ORA budget 746.6 729.1 17.5 2.4 Pensions Dashboard 0.4 - 0.4 - Access to Cash 0.3 - 0.3 - Total ORA budget 747.3 729.1 18.2 2.5 Advice Guidance Boundary Review 3.7 1.9 1.8 92.1(i) Open Banking / Open Finance 3.2 1.2 2.0 158.1(ii) Smarter Regulatory Framework 9.0 11.3 (2.3) (20.4) InvestSmart 2.3 2.3 - - Cryptoasset Stable Coins and Wider Regime
7.8 6.2 1.6 25.6
Funeral Plans 0.7 0.7 - -
ESG Data & Ratings 3.0 - 3.0 -
Motor Finance 6.9 - 6.9 -
Pensions Dashboard 0.7 (0.2) 0.9 (425.0) Cryptoasset Financial Promotions (1.0) 0.2 (1.2) - Financial Promotions - (0.2) 0.2 - Access to Cash - 2.0 (2.0) (100.0) Credit Information Market Study Interim Working Group

0.4 (0.4) (100.0)
Total AFR 783.5 755.0 28.6 3.8
Financial Penalty Rebate -71.6 -35.1 -36.2 Fees Payable 711.9 719.6 -7.6 -1.1 (i) In 2025/26, we will be implementing the technical solutions needed to deliver the AGBR exceptional project. The costs of implementation are limited to 2025/26 and are not expected to continue to be into 2026/27. As set out in CP24/6, this exceptional project will continue to primarily benefit insurers and asset managers, as well as financial advisers. Given the scope of the project has not altered, we will continue to recover costs from the A.3, A.4, A.7, A.9, A.13 fee-blocks. (ii) We have identified the Open Banking exceptional project as a strategic priority for 2025/26 and are increasing investment accordingly (5-year strategy). As set out in CP24/6, this exceptional project will continue to primarily benefit payment firms, retail banks, building societies, AISPs and PISPs. Given the scope of the project has not altered, we will continue to recover costs from the A.1 and G.10 fee-blocks.

Appendix 1
Made rules (legal instrument)

FCA 2025/22
PERIODIC FEES (2025/2026) AND OTHER FEES INSTRUMENT 2025 Powers exercised A. The Financial Conduct Authority (“the FCA”) makes this instrument in the exercise of the powers and related provisions in or under the following:
(1) the Financial Services and Markets Act 2000 (“the Act”):
(a) section 137SA (Rules to recover expenses relating to the Money and Pensions Service); (b) section 137SB (Rules to recover debt advice expenses incurred by the devolved authorities); (c) section 137T (General supplementary powers); (d) section 234 (Industry funding); (e) section 333T (Funding of action against illegal money lending); and (f) paragraph 23 (Fees) in Part 3 (Penalties and fees) of Schedule 1ZA (The Financial Conduct Authority); (2) regulation 118 (Costs of supervision) of the Payment Services Regulations 2017 (SI 2017/752); (3) regulation 59 (Costs of supervision) of the Electronic Money Regulations 2011 (SI 2011/99); (4) paragraph 12K (Power to charge fees) of Part 1A (Continuation of authorisation for limited purposes: Electronic Money Regulations 2011), and paragraph 35 (Power to charge fees) of Part 3 (Continuation of authorisation for limited purposes: Payment Services Regulations 2017), of Schedule 3 (Transitional Provisions) to the Electronic Money, Payment Services and Payment Systems (Amendment and Transitional Provisions) (EU Exit) Regulations 2018 (SI 2018/1201); (5) paragraph 5 (Fees) of Part 1 (Primary Legislation) of the Schedule (Modifications to Primary and Secondary Legislation) to the Regulated Covered Bond Regulations 2008 (SI 2008/346); (6) article 25 (Application of provisions of the Act to the FCA in respect of its supervision of consumer buy-to-let mortgage firms) of the Mortgage Credit Directive Order 2015 (SI 2015/910); (7) regulation 27 (FCA: penalties, fees and exemption from liability in damages) of the Data Reporting Services Regulations 2024 (SI 2024/107); (8) regulation 26 (FCA: penalties, fees and exemption from liability in damages) of the Financial Services and Markets Act 2000 (Benchmarks) Regulations 2018 (SI 2018/135);

FCA 2025/22
(9) article 6 (Qualifying provisions: fees) of the Financial Services and Markets Act 2000 (Qualifying Provisions) Order 2013 (SI 2013/419); (10) regulation 102 (Costs of supervision) of the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 (SI 2017/692); (11) regulation 27 (Costs of supervision) of the Oversight of Professional Body Anti-Money Laundering and Counter Terrorist Financing Supervision Regulations 2017 (SI 2017/1301); (12) regulations 206 (Meaning of “qualifying functions” in this Part) and 208 (Fees: Financial Conduct Authority) of the Financial Services and Markets Act 2000 (Amendment) (EU Exit) Regulations 2019 (SI 2019/632); (13) regulation 63 (Power to charge fees) of the EEA Passport Rights (Amendment, etc., and Transitional Provisions) (EU Exit) Regulations 2018 (SI 2018/1149); (14) regulation 74B (Report by a skilled person: cryptoasset businesses) of the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 (SI 2017/692); and (15) regulation 14 (Modifications to regulations 74A to 74C: reporting requirements etc. for Annex 1 financial institutions) of the Money Laundering and Terrorist Financing (Amendment) (No. 2) Regulations 2022 (SI 2022/860). B. The rule-making powers listed above are specified for the purpose of section 138G(2) (Rule-making instruments) of the Act.
C. As required by section 137SA(5) of the Act, the Secretary of State has consented to
rules made under that section and, as required by sections 137SB(5) and 333T(5) of the Act, the Treasury has consented to rules made under these sections. Commencement D. This instrument comes into force on 1 July 2025. Amendments to the Periodic Fees (2024/2025) and Other Fees Instrument 2024 (FCA 2024/8) (as amended by FCA 2025/10) E. The coversheet and part 3 of Annex B of the Periodic Fees (2024/2025) and Other Fees Instrument 2024 (FCA 2024/8) (as amended by FCA 2025/10) are amended in accordance with Annex C to this instrument. Amendments to the Handbook F. The Glossary of definitions is amended in accordance with Annex A to this instrument.

FCA 2025/22
G. The Fees manual (FEES) is amended in accordance with Annex B to this instrument. Notes H. In the Annexes to this instrument, the notes (indicated by “Note:” or “Editor’s note:”) are included for the convenience of the reader but do not form part of the legislative text. Citation
I. This instrument may be cited as the Periodic Fees (2025/2026) and Other Fees
Instrument 2025.
By order of the Board
30 June 2025

FCA 2025/22
Annex A
Amendments to the Glossary of definitions Delete the following definitions. The text is not struck through. assets outside expected RFB subgroups the assets of a ring-fencing fees group which it has advised the PRA are not intended to be held by a ring-fenced body or its UK subgroup for ring-fencing purposes from 1 January 2019. core deposit core deposits within the meaning of article 2(2) of the Financial Services and Markets Act 2000 (Ring-Fenced Bodies and Core Activities) Order 2014 (SI 2014/1960). ring-fencing fees group a banking group, or part of a banking group, which (i) has submitted forecasts to the PRA indicating that, from 1 January 2019, it will not meet the core deposit level condition in article 12 of the FSMA (Ring-fenced Bodies and Core Activities) Order 2014 and (ii) has been notified by the FCA between 1 May 2016 and 1 May 2017 that a fee relating to the implementation of ring-fencing will be payable by one or more members of its group. ring-fencing implementation fee(s) the fee or fees in FEES 4 Annex 2BR(2).

FCA 2025/22
Annex B
Amendments to the Fees manual (FEES)
In this Annex, underlining indicates new text and striking through indicates deleted text. 3 Application, Notification and Vetting Fees …
3.2 Obligation to pay fees
…
3.2.7 R Table of application, notification, vetting and other fees payable to the FCA
[Editor’s note: the amendment to (1)(e)(xi) below was introduced by the Securitisation (Smarter Regulatory Framework and Consequential Amendments) Instrument 2024 (FCA 2024/18) on 1 November 2024. However, for legal certainty it is being remade under this instrument with citation of the correct powers.]
Part 1A: Application, notification and vetting fees
(1) Fee payer (2) Fee payable (£) by reference to the pricing category in FEES 3
Annex 1AR.
Due date
…
(e) Any applicant making an application set out in FEES 3 Annex 14R – Other FCA application fees:
…
(xi) an application for authorisation registration as a third party verifier; … … … … … 3 Annex FCA pricing categories 1AR

FCA 2025/22
Category Price
Category 1 £270 £280
Category 2 £540 £550
Category 3 £1,090 £1,120
Category 4 £2,720 £2,790
Category 5 £5,440 £5,580
Category 6 £10,880 £11,150
Category 7 £27,190 £27,870
Category 8 £54,380 £55,740
Category 9 £108,750 £111,470
Category 10 £217,500 £222,940
…
3 Annex Primary market transaction fees 12R Category Fee payable (£) A1 0 A2 2,180 2,230 A3 5,440 5,580 A4 16,310 16,720 A5 21,750 22,290 A6 54,380 55,740 … … 3 Annex Other FCA application fees 14R

FCA 2025/22
[Editor’s note: the amendment to row 7 below was introduced by the Securitisation (Smarter Regulatory Framework and Consequential Amendments) Instrument 2024 (FCA 2024/18) on 1 November 2024. However, for legal certainty it is being remade under this instrument with citation of the correct powers.] Application type Pricing category in FEES 3 Annex 1AR Due date … 7 An application for authorisation registration as a third party verifier … … … … 4 Periodic fees …
4.2 Obligation to pay periodic fees
…
Calculating all other fees in the second and subsequent years of authorisation where a full year of tariff data is not available … 4.2.7K R Where the measure is not cumulative (e.g. the number of traders for feeblock A10), the firm must use the figure relating to the valuation date specified in FEES 4 Annex 1R Part 5 (e.g. 31 December for A10). Table A sets out the reporting requirements for the key fee-blocks when full actual data is not available:
Table A: calculating tariff data for second and subsequent years of
authorisation when full trading figures are not available Fee-block Tariff base Calculation where trading data are not available … CC2. Credit related regulated activities … …

FCA 2025/22
CC4. Motor vehicle lending with discretionary commission arrangements As for CC2. Credit related regulated activities G.2 Payment services institutions – deposit acceptors … … … 4 Annex FCA activity groups, tariff bases and valuation dates 1AR
Part 1
…
Activity group Fee payer falls in the activity group if:
…
A.7 Portfolio (1) … managers
OR
(2) its permission includes
ONLY either one or both of:
safeguarding and administering of investments (without arranging); and arranging safeguarding and administration of assets (a firm falling within this category is a class class (2) firm); OR (3) the firm is a venture capital firm (a firm falling within this category is a class class (3) firm if it is not a class (1) or (2) firm). … …

FCA 2025/22
A.13 (1) it is an authorised professional firm and ALL the regulated Advisors, activities in its permission are limited to non-mainstream arrangers, regulated activities (a firm firm falling within this category is a dealers or class class (1) firm); brokers … A firm falling within (2) and not (1) is a class class 2 firm. … CC2. Creditrelated regulated activities … CC4. Motor it is a firm carrying on a regulated activity defined in fee-block vehicle CC2; AND lending with discretionary between 2007 and 2021 (inclusive) it entered into at least one commission regulated credit agreement as lender which financed the arrangements purchase of a motor vehicle and included a discretionary commission arrangement between the firm as lender and a credit broker. CMC.| … …
Part 3
This table indicates the tariff base for each fee-block set out in Part 1. The tariff base in this Part is the means by which the FCA measures the amount of business conducted by a firm for the purposes of calculating the annual periodic fees payable to the FCA by that firm. Activity group Tariff base … CC2. Credit-related regulated activities … CC4. Motor vehicle lending with discretionary commission arrangements Annual income as defined in FEES 4 Annex 11BR. CMC. …

FCA 2025/22
…
Part 5
This table indicates the valuation date for each fee-block. A firm can calculate its tariff data in respect of fees payable to the FCA by applying the tariff bases set out in Part 3 with reference to the valuation dates shown in this table. Activity group Valuation date … CC2. Credit-related regulated activities … CC4. Motor vehicle lending with discretionary commission arrangements This is determined in the same manner as the relevant date in feeblock CC2. CMC. … … 4 Annex FCA Fee rates for the period from 1 April 2024 2025 to 31 March 2025 2026 2AR
Part 1
This table shows the tariff rates applicable to each of the fee blocks set out in Part 1 of FEES 4 Annex 1AR. … Activity group Fee payable A.1 Band width (£million of Modified Eligible Liabilities (MELs)) Fee (£/£m or part £m of MELs) Periodic fee >10 - 140 16.447 16.605 >140 - 630 16.447 16.605 >630 - 1,580 16.447 16.605

FCA 2025/22

1,580 - 13,400 20.559 20.756
13,400 27.138 27.398
The tariff rates in A.1 are not relevant for the permissions relating to operating a dormant asset fund. Instead, a flat fee of £7,354 £7,538 is payable in respect of these permissions. A.2 Band width (No. of mortgages and/or home finance transactions) Fee (£/mortgage) >50 3.7870 3.830 A.3 Gross written premium for fees purposes (GWP) Periodic fee Band Width (£million of GWP) Fee (£/m or part £m of GWP) >0.5 348.51 311.49 PLUS Best estimate liabilities for fees purposes (BEL) Periodic fee Band Width (£million of BEL) Fee (£/£m or part £m of BEL) >1 21.03 20.57 For UK ISPVs the tariff rates are not relevant and a flat fee of £595.00 £610 is payable in respect of each FCA financial year (the 12 months ending 31 March). A.4 Gross written premium for fees purposes (GWP) Periodic fee Band Width (£million of GWP) Fee (£/£m or part £m of GWP) >1 207.83 190.72 PLUS

FCA 2025/22
Best estimate liabilities for fees purposes (BEL) Periodic fee Band Width (£million of BEL) Fee (£/£m or part £m of BEL) >1 15.69 15.13 A.5 Band Width (£million of Active Capacity (AC)) Fee (£/£m or part £m of AC) >50 5.53 5.05 A.6 Flat fee (£) 428,246.34 438,086.14 A.7 For class 1(C), (2), (3) and (4) firms:
Band Width (£million of Funds under
Management (FuM))
Fee (£/£m or part £m of FuM)

10 5.129 4.814
For class 1(B) firms: the fee calculated as for class 1(C) firms above, less 15%. For class 1(A) firms: the fee calculated as for class 1(C) firms above, less 50%. A.9 Band Width (£million of Gross Income (GI)) Fee (£/£m or part £m of GI) >1 1,111.36 1,155.17 A.10 Band Width (No. of traders) Fee (£/person) >1 9,288.94 8,643.20 For firms carrying on auction regulation bidding, the fee in A.10 is calculated as above less 20% for each trader that carries on auction regulation bidding but not MiFID business bidding or dealing in investments as principal. A.13 Band Width (£ thousands of annual income (AI)) Fee (£/£ thousand or part £ thousand of AI) >100 2.713 2.754

FCA 2025/22
A.14 Band Width (£ thousands of annual income (AI)) Fee (£/£ thousand or part £ thousand of AI) >100 2.238 1.955 A.18 Band Width (£ thousands of Annual Income (AI)) Fee (£/£ thousand or part £ thousand of AI) >100 12.58 13.10 A.19 Band Width (£ thousands of Annual Income (AI)) Fee (£/£ thousand or part £ thousand of AI) >100 1.736 1.592 A.21 Client money Band Width (£ client money) (CM) held Fee (£/£ millions or part £ million of CM) less than £1 million 128.60 134.80 an amount equal to or greater than £1 million but less than or equal to £1 billion
96.45 101.100
more than £1 billion 64.30 67.40
PLUS
Safe custody assets
Band Width (£ safe custody assets) (CA) held Fee (£/£ millions or part £ million of CA) less than £10 million 0.507 0.481 an amount equal to or greater than £10 million and less than or equal to £100 billion
0.3803 0.3608
more than £100 billion 0.2535 0.2405

FCA 2025/22
A.22 Band Width
(Modified no. of appointed representatives) Fee (£/modified no. of appointed representatives) [tbc] >0 [tbc] 303.38 A.23 Band Width (£ thousands of annual income (AI)) Fee (£/£ thousand or part £ thousand of AI) >100 14.30 15.30 A.24 Band width (£ million of Modified Eligible Liabilities (MELs)) Fee (£/£m or part £m of MELs) >0 1.01 0.15 A.25 Flat fee (£) £10,000 £10,250 B. Service Companies Band Width Fee (£) Annual income up to and including £100,000 1,307.00 1,340.00 PLUS:
Band width Fee (£/£thousand or part £ thousand of income) Annual income over £100,000
0.81 0.71
B. Regulated benchmark administrators
Band width Fee (£)
Annual income up to and including
£100,000
1,329.00 1,362.00
PLUS:
Band width Fee (£/£ thousand or part £ thousand of income) Annual income over 100,000
1.41 1.42
Band width Fee (£)

FCA 2025/22
B. Recognised investment exchanges
Annual income up to and including
£10,000,000
126,238.00 129,394.00
PLUS:
Band width Fee (£/£ thousand or part £ thousand of income) Annual income over £10,000,000
2.70 2.62
B. Recognised auction platforms
67,292.00 68,974.00
B. Recognised overseas investment exchanges 72,095.00 73,897.00 B. MTF and OTF operators Band width Fee (£) Annual income up to and including £100,000 1,329.00 1,362.00 PLUS:
Band width Fee (£/£ thousand or part £ thousand of income) Annual income over £100,000
1.81 1.74
CC1. Creditrelated regulated activities with limited permission Band Width (£ thousands of annual income (AI)) Fee (£) 0 – 10 600.00 800.00 >10 – 100 900.00 1,100.00 >100 1,100.00 PLUS:
Fee (£/£ thousand or part £ thousand of AI)

FCA 2025/22

250 0.6297 0.5495
CC2. Creditrelated regulated activities Band Width (£ thousands of annual income (AI)) Fee (£) 0 – 50 1,250.00 1,500.00 >50 – 100 1,500.00 1,750.00 >100 1,750.00 2,000.00 PLUS:
Fee (£) (£/£ thousand or part £ thousand of AI) >250 1.7640 1.539 A fee payer which falls into fee blocks A.0 and CC2. pays a fee of £0 in relation to income falling within the CC2. fee block up to a Band Width of 250. CC4. Motor vehicle lending with discretionary commission arrangements Band Width (£ thousands of annual income (AI)) Fee (£/£ thousand or part £ thousand of AI) 0 – 250 0 >250 0.715 CMC. Band width (£ thousands of annual turnover) Fee (£) 0-50 577.00 591.00 50-100 1,155.00 1,184.00 >100 13.01 15.03 per £ thousand or part per £ thousand
Part 2
…

FCA 2025/22
Part 2(a) tariff rates (minimum fees) payable to the FCA by FCAauthorised persons
A.0 (1) £1,750 £2,000 unless it is a community finance organisation with a tariff base of:
(a) up to and including 3 mortgages and/or home finance transactions, in which case a minimum fee of £203 £208 is payable; or (b) more than 3 but no more than 10 mortgages and/or home finance transactions, in which case a minimum fee of £689 £706 is payable; or (c) more than 10 but no more than 50 mortgages and/or home finance transactions, in which case a minimum fee of £1,278 £1,310 is payable. … AP.0 Periodic fees payable under fee blocks A.2, A.7 to A.19, A.21, A23 and CC.2 in Part 1 multiplied by rate £0.10328 £0.10144
Part 2(b) tariff rates (minimum fees) payable to the FCA by PRAauthorised persons
Fee
A.0 (1) Any PRA-authorised person except as set out in (2) and (3) £875 £1000 … (2) Credit union with a tariff base (Modified Eligible Liabilities) of:
(a) £0 to £0.5million £105
£108
(b) £0.5million to £2.0million £356
£365
(c) above £2 million. £659
£675
(3) Non-directive friendly society that meets the criteria of one of the following categories (a) to (c):
Activity group the firm falls into
Gross written premium for fees purposes for that activity Best estimate liabilities for fees purposes for that activity

FCA 2025/22
(a) A.3 but not £0.5 million or Up to £1 million £284 A.4 less or less £291 (b) A.4 but not £1 million or £1 million or £284 A.3 less less £291 (c) Both A.3 and A.4 A.3 £0.5 million or £1 million or £284 less less £291 A.4 £1 million or £1 million or £284 less less £291 … … 4 Annex Periodic fees in relation to collective investment schemes, recognised 4R schemes, AIFs marketed in the UK, small registered UK AIFMs and money market funds payable for the period 1 April 2024 2025 to 31 March 2025 2026
Part 1 – Periodic fees payable
Scheme type Basic fee
(£)
Total funds/sub
-funds aggregate
Fund factor
Fee (£)
ICVC,
AUT,
ACS,
Money market funds with effect from 21 July 2018, schemes recognised under
section 271A of
the Act
80.00
40.00
1-2
3-6
7-15
16-50

50
2.5
80.00 40.00
200.00 100.00
400.00 200.00
880.00 440.00
1,760.00 880.00 non-UK AIFs recognised under
320.00 1-2 1 320.00 160.00

FCA 2025/22
section 272 of the
Act 160.00 3-6
7-15
16-50

50
2.5
800.00 400.00
1,600.00 800.00
3,520.00 1,760.00
7,040.00 3,520.00
…
Part 2 – Periodic fees for AIFs marketed in the UK, following a notification to
the FCA under regulation 57, 58 or 59 of the AIFMD UK regulation Kind of notification Fee per AIF (£) Notification under regulation 57 of the AIFMD UK regulation 397 407 Notification under regulation 58 of the AIFMD UK regulation 277 284 Notification under regulation 59 of the AIFMD UK regulation 397 407
Part 3 – Periodic fees paid by small registered UK AIFMs
The annual fee for small registered UK AIFMs is £781 £801
Annex
5R
Periodic fees for designated professional bodies: tariff base, valuation date and tariff rates …
Part 2
This table sets out the tariff rates applicable to designated professional bodies Fee payable in relation to 2024/25 2025/26 Amount payable Minimum fee, payable by all designated professional bodies £11,549 £11,838

FCA 2025/22
Variable fee, payable by designated £27.83 £24.48 multiplied by the professional bodies where the number of total number of exempt exempt professional firms regulated or professional firms in excess of 1 supervised by a designated professional body is greater than 1 … … Periodic fees in respect of payment services, electronic money issuance,
Annex regulated covered bonds, CBTL business, data reporting services, third
11R party verifiers and proxy advisers in relation to the period 1 April 2024 2025 to 31 March 2025 2026 This Annex sets out the periodic fees in respect of payment services carried on by fee-paying payment service providers under the Payment Services Regulations and electronic money issuance by fee-paying electronic money issuers under the Electronic Money Regulations and issuance of regulated covered bonds by issuers and CBTL business carried on by CBTL firms under the MCD Order and data reporting services providers under the DRS Regulations. …
Part 5 – Tariff rates
Activity group
Fee payable in relation to 2024/25 2025/26 G.2 Minimum fee (£) 607 622 £ million or part £m of Modified Eligible Liabilities (MELS) Fee (£/£m or part £m of MELS)

0.1 0.390 0.388
G.3 Minimum fee (£) 607 622
£ thousands or part thousand of Relevant Income Fee (£/£thousand or part £thousand of Relevant Income)
100 0.375 0.292
G.4 Flat fee (£) 630 646
G.5 As in G.3
G.10 Minimum fee (£) 1,993 2,043

FCA 2025/22
£million or part m of average outstanding electronic money (AOEM) Fee (£/£m, or part £m of AOEM) >5.0 28.40 43.40 G.11 Flat fee (£) 1,383 1,418 G.15 Minimum fee for the first registered programme (£) 125,370 124,649 Minimum fee for all subsequent registered programmes 75% of minimum fee for first registered programme £million or part £m of regulated covered bonds issued in the 12 months ending on the valuation date. Fee (£/£m or part £m of regulated covered bonds issued in the 12 months ending on the valuation date) >0.00 8.75 15.08 … G.20 Flat fee (£) 510 523 G.21 Flat fee (£) 254 260 G.25 Data reporting services providers. £2.38 £1.92 per £1,000 or part- £1,000, subject to a minimum payment of £27,402 £28,087 G.26 TPV Flat fee (£) 306 314 G.50 Flat fee (£) 5,438 5,574 … … 4 Definition of annual income for the purposes of calculating fees in fee blocks
Annex CC1 and, CC2 and CC4
11BR
…
(3) Where the firm’s regulated activities are being carried on by an appointed representative of the firm

FCA 2025/22
…
Guidance on the interpretation of this definition is presented in Table 2 of FEES 4 Annex 13G. (4) Calculation of fees in the CC4 fee-block The CC4 periodic fee for eligible fee payers is calculated using the annual income as reported and determined for the CC2 fee-block. …
Annex
14R
Primary market periodic fees for the period from 1 April 2024 2025 to 31 March 2025 2026
Part 1 Base fee
Activity group or invoice code (Note 1) Description Base fee payable (£) E.1 Discontinued E.2 Issuer in the equity shares (commercial companies) or closed-ended investment funds category A listed issuer of equity shares with a listing in the equity shares (commercial companies) or closed-ended investment funds category (see Note 2) 6,565 6,729 E.3 Listed issuer of shares and certificates representing certain securities A listed issuer of shares and certificates representing certain securities:
(1) with a listing in one of the following categories:
equity shares (international commercial companies secondary listing), openended investment companies, equity shares (transition), equity shares (shell companies), nonequity shares and nonvoting equity shares or certificates representing 24,872 25,494

FCA 2025/22 certain securities (see Note 2); and (2) that does not have a listing in the equity shares (commercial companies) or closed-ended investment funds categories. E.4 Discontinued E.5 Discontinued E.6 Non-listed issuer (in DTR) A non-listed issuer (in DTR) 0 E.7 Primary information provider A primary information provider 20,757 21,276 ES.01 Sponsor A sponsor (see Note 3) 34,576 35,440 …
Part 2 Variable fee additional to base fee
Activity Group Market capitalisation as at the last business day of the September prior to the fee-year in which the fee is payable in £million Fee payable in £per £million or £part million E.2 Issuer in the equity shares (commercial companies) or closedended investment funds category (as described in
Part 1)
0 – 100 0

100 – 250 55.606694
69.374911
250 – 1,000 21.454703
26.766887
1,000 – 5,000 13.206248
16.476115
5,000 – 25,000 0.322139 0.401901

FCA 2025/22

25,000 0.104076 0.129845
4 Fees relating to the recognition of benchmark administrators and the
Annex endorsement of benchmarks for the period 1 April 2024 2025 to 31 March
15R 2025 2026
Activity group Fee payable
A third country legal representative £15,673 £16,065 A benchmark endorser £9,192 £9,422 4 Annex Periodic fees for credit rating agencies, trade repositories and securitisation 16R repositories This Annex sets out the periodic fees in respect of credit rating agencies, trade repositories and securitisation repositories. …
Part 4 – Tariff rates
Fee block Activity group Fee payable in relation to the fee year 2024/25 2025/26 J.1 Registered credit rating agencies and third country certified credit rating agencies with applicable turnover of £8.670m £8,265,146 or less Exempt Registered credit rating agencies with turnover above £8.670m £8,265,146 £2.65 £2.08 per £1k or part-£1k (applies to all turnover) Certified credit rating agencies with turnover above £8.670m £8,265,146 £5,202.00 £4,959.00 J.2 Registered trade repositories £11.03 £11.01 per £1k or part- £1k, subject to a minimum payment of £26,013.00 £24,795.00

FCA 2025/22
Recognised trade repositories
£4,335.00 £4,133.00
J.3 Registered securitisation repositories £11.03 £11.01 per £1k or part- £1k subject to a minimum payment of £26,013.00 £24,795.00 4A Temporary Permissions Regime (TPR) and Financial Service Contracts Regime (FSCR) – periodic fees … 4A TP persons periodic fees for the period from 1 April 2024 2025 to 31 March
Annex 2025 2026
1R
Part 1
Activity group
Fee payable
A.1 Band Width (£ million of
Modified Eligible Liabilities
(MELs))
Fee (£/£m or part £m of MELs)
Periodic fee

10 – 140 16.447 16.605
140 – 630 16.447 16.605
630 – 1,580 16.447 16.605
1,580 – 13,400 20.559 20.756
13,400 27.138 27.398
A.2 Band Width (no. of mortgages and/or home finance transactions) Fee (£/mortgage) >50 3.787 3.830 A.3 Gross written premium for fees purposes (GWP) Periodic fee Band Width (£ million of GWP) Fee (£/£m or part £m of GWP)

FCA 2025/22

0.5 348.51 311.49
PLUS
Best estimate liabilities for fees purposes (BEL) Periodic fee Band Width (£ million of BEL) Fee (£/£m of part £m of BEL) >1 21.03 20.57 A.4 Gross written premium for fees purposes (GWP) Periodic fee Band Width (£ million of GWP) Fee (£/£m or part £m of GWP) >1 207.83 190.72 PLUS Best estimate liabilities for fees purposes Periodic fee Band Width (£ million of BEL) Fee (£/£m or part £m of BEL) >1 15.69 15.13 A.7 For class 1(C), (2), (3) and (4) firms:
Band Width (£ million of
Funds under Management
(FuM))
Fee (£/£m of part £m of FuM)
10 5.129 4.814
Class 1(C) firms are defined in FEES 4 Annex 1A A.9 Band Width (£ million of Gross Income (GI)) Fee (£/£m of part £m of GI) >1 1,111.36 1,155.17 A.10 Band Width (no. of traders) Fee (£/trader) >1 9,288.94 8,643.20 A.13 For class (2) firms

FCA 2025/22
Band Width (£ thousands of annual income (AI)) Fee (£/£ thousand or part £ thousand of AI) >100 2.713 2.754 For a professional firm in A.13 the fee is calculated as above less 10%. A.14 Band Width (£ thousands of annual income (AI)) Fee (£/£ thousand or part £ thousand of AI)

100 2.238 1.955
A.18 Band Width (£ thousands of annual income (AI)) Fee (£/£ thousand or part £ thousand of AI)
100 12.58 13.10
A.19 Band Width (£ thousands of
Annual Income (AI))
Fee (£/£ thousand or part £ thousand of AI) >100 1.7360 1.592 CC.2 Band Width (£ thousands of annual income (AI)) Fee (£) 0 – 50 1,250 1,500 >50 – 100 1,500 1,750 >100 1,750 2,000 PLUS:
Fee (£/£ thousand or part £ thousand of AI) >250 1.764 1.539
Part 2
The table below shows the tariff rates (minimum fees) applicable to each of the fee blocks set out in Part 1 of FEES 4A Annex 1R other than fee-block CC2. Activity group Fee payable A.0 £1,750 £2,000 unless it is a TP firm that also pays minimum fees set out in the PRA Rulebook, in which case it is £875 £1,000

FCA 2025/22
Part 3
TA PI firm or TA RAISP firm
Activity group
Fee payable
G.2 Minimum fee (£) 607 622
£ million or part £ million of Modified Eligible Liabilities (MELs) Fee (£/£m or part £m of MELs) >0.1 0.39 0.388 G.3 Minimum fee (£) 607 622 £ thousands or part £ thousand of Relevant Income Fee (£/£thousand or part £ thousand of Relevant Income) >100 0.375 0.292
Part 4
TA EMI firm
Activity group
Fee payable
G.10 Minimum fee (£) 1,993 2,043
£ million or part £ million of average outstanding electronic money (AOEM) Fee (£/£m or part £m of AOEM) >5.0 28.40 43.40 4A TPR funds periodic fees for the period from 1 April 2024 2025 to 31 March
Annex 2025 2026
2R
Scheme type Basic fee Total funds/sub- Fee (£) (£) funds aggregate

FCA 2025/22
EEA UCITS scheme recognised under Part 6 of The Collective Investment Schemes (Amendment etc.) (EU Exit) Regulations 2018 80.00 40.00 1-2 80.00 40.00 3-6 200.00 100.00 7-15 400.00 200.00 16-50 880.00 440.00 >50 1,760.00 880.00 Note:
Schemes are charged according to the number of funds or sub-funds which a TP UCITS qualifier is operating and marketing in the UK as at 31 March immediately before the start of the period to which the fee applies. For example, for 2024/2025 2025/2026 fees a reference to 31 March means 31 March 2024 2025. … … Financial Ombudsman Service Funding … 5 Annex Annual General Levy Payable in Relation to the Compulsory Jurisdiction 1R for 2024/25 2025/26 Introduction: annual budget
1. The annual budget for 2024/25 2025/26 approved by the FCA is £264.9m
£285.1m.
2. The total amount expected to be raised through the general levy in 2024/25
2025/26 will be £70m.
Compulsory jurisdiction – general levy Industry block Tariff base General levy payable by firm
1. Deposit acceptors,
home finance providers, home finance administrators Number of accounts relevant to the activities in DISP £0.0727 £0.0712 per relevant account, subject to a minimum levy of £100

FCA 2025/22
(excluding firms in 2.6.1R as at 31 block 14) and dormant December asset fund operators In the case of dormant asset fund operators, the tariff base is the number of eligible activated accounts (8).
2. Insurers – general Gross written £0.2456 £0.1970 per £1,000 of
(excluding firms in premium for fees GWP or RGWP, subject to a blocks 13 & 15) purposes as defined in FEES 4 Annex 1AR (GWP); or Gross written premium notified to the FCA under FEES 5.4.1R(1A) that relates to the firm’s relevant business (RGWP) minimum levy of £100
3. The Society (of
Lloyd’s)
Not applicable £70,056 £58,669 to be allocated by the Society
4. Insurers – life
(excluding firms in block 15)
Gross written premium for fees purposes as defined in FEES 4 Annex 1AR (GWP); or Gross written premium notified to the FCA under FEES 5.4.1R(1A) that relates to the firm’s relevant business (RGWP) £0.0206 £0.0120 per £1,000 of GWP or RGWP, subject to a minimum levy of £130
5. Portfolio managers
(including those holding client money/assets and not holding client money/assets) Flat fee Levy of £230
6. Managers and
depositaries of investment funds, and operators of collective Flat fee Levy of £75

FCA 2025/22 investment schemes or pension schemes
7. Dealers as principal Flat fee Levy of £85 £75
8. Advisors, arrangers,
dealers or brokers holding and controlling client money and/or assets Annual income as defined in FEES 4
Annex 11AR relating
to firm’s relevant business.
£0.191 £0.208 per £1,000 of annual income subject to a minimum fee of £45
9. Advisors, arrangers,
dealers or brokers not holding and controlling client money and/or assets Annual income as defined in FEES 4
Annex 11AR relating
to firm’s relevant business.
£0.136 £0.160 per £1,000 of annual income subject to a minimum fee of £45
10. Corporate finance
advisers
Flat fee Levy of £60 £65
11. fee-paying payment For authorised £0.002 per £1,000 of relevant
service providers payment institutions, income subject to a minimum (including firms in registered account levy of £75 industry block 18 but information service excluding firms in any providers, electronic other industry block) money issuers (except for small electronic money institutions), the Post Office Limited, the Bank of England, government departments and local authorities, TA EMI firms, TA PI firms and TA RAISP firms, relevant income as described in FEES 4
Annex 11R Part 3 that
relates to the firm’s relevant business For small payment institutions and small electronic money institutions, a flat fee Levy of £40 £45
13. Cash plan health
providers
Flat fee Levy of £65 £75
14. Credit unions Flat fee Levy of £60 £70

FCA 2025/22
15. Friendly societies
whose tax-exempt business represents
95% or more of their total relevant business Flat fee Levy of £65 £75
16. Home finance
providers, advisers and arrangers (excluding firms in blocks 13, 14 & 15) Flat fee Levy of £95
17. General insurance
distribution (excluding firms in blocks 13, 14 & 15) Annual income (as defined in MIPRU 4.3) relating to firm’s relevant business £0.5310 £0.4100 per £1,000 of annual income (as defined in MIPRU 4.3) relating to firm’s relevant business subject to a minimum levy of £100
18. fee-paying
electronic money issuers
For all fee-paying electronic money issuers except for small electronic money institutions, and TA EMI firms, average outstanding electronic money, as described in FEES 4
Annex 11R Part 3.
£0.0001 per £1,000 of average outstanding electronic money subject to a minimum levy of £40 For small electronic money institutions, a flat fee Levy of £50
19. Credit-related
regulated activities with limited permission For not-for-profit debt advice bodies, a flat fee Levy of £0 For all other firms with limited permission, a flat fee Levy of £45
20. Credit-related
regulated activities
Annual income as defined in FEES 4
Annex 11BR
Levy of £35
Plus £0.952 £0.894 per £1,000 of annual income on income above £250,000
21. CBTL firms that do
not have permission to
Flat fee Levy of £35

FCA 2025/22 carry out any regulated activities
22. designated credit
reference agencies (but excluding firms in any other industry block) Flat fee Levy of £75
23. designated finance
platforms (but excluding firms in any other industry block) Flat fee Levy of £75
24. claims management
companies
Annual income Levy of £50 plus £0.37 £0.31 per £1,000 of annual income
25. funeral plan
intermediaries and funeral plan providers Flat fee Levy of £50 £65
26. firms carrying on
regulated pensions dashboard activity
Flat fee Levy of £65
…
…
7A SFGB levies
…
7A SFGB money advice levy for the period from 1 April 2024 2025 to 31 March
Annex 2025 2026
1R
Part 1
This table shows the SFGB money advice levy applicable to each activity group (fee-block). Activity group SFGB money advice levy payable A.1 Band Width (£ million of Modified Eligible Liabilities (MELs)) Fee (£/£m or part £m of MELs) >10 0.947 1.276

FCA 2025/22
A.2 Band Width (no. of mortgages and/or home finance transactions) Fee (£/mortgage) >50 0.513 0.677 A.3 Gross written premium for fees purposes (GWP) Band Width (£ million of GWP) Fee (£/£m or part £m of GWP) >0.5 19.71 20.89 PLUS Best estimate liabilities for fees purposes (BEL) Band Width (£ million of BEL) Fee (£/£m of part £m of BEL) >1 1.10 1.38 A.4 Gross written premium for fees purposes (GWP) Band Width (£ million of GWP) Fee (£/£m or part £m of GWP) >1 12.60 11.69 PLUS Best estimate liabilities for fees purposes (BEL) Band Width (£ million of BEL) Fee (£/£m or part £m of BEL) >1 0.836 0.927 A.5 Band Width (£ million of Active Capacity (AC)) Fee (£/£m or part £m of AC) >50 0.00 A.6 Flat levy 0.00 A.7 For class 1(c), (2), (3) and (4) firms:
Band Width (£ million of Funds under Management (FuM)) Fee (£/£m of part £m of FuM) >10 0.086 0.105

FCA 2025/22
For class 1(B) firms: the fee calculated as for class 1(C) firms above, less 15%. For class 1(A) firms: the fee calculated as for class 1(C) firms above, less 50%. Class 1(A), (B) and (C) firms are defined in FEES 4 Annex 1AR. A.9 Band Width (£ million of Gross Income (GI)) Fee (£/£m of part £m of GI) >1 91.62 118.00 A.10 Band Width (no. of traders) Fee (£/trader) >1 148.19 184.09 A.13 For class (2) firms Band Width (£ thousands of annual income (AI)) Fee (£/£ thousand or part £ thousand of AI) >100 0.0479 0.0643 For a professional firm in A.13 the fee is calculated as above less 10%. A.14 Band Width (£ thousands of annual income (AI)) Fee (£/£ thousand or part £ thousand of AI) >100 0.0234 0.0272 A.18 Band Width (£ thousands of Annual Income (AI)) Fee (£/£ thousand or part £ thousand of AI) >100 0.129 0.174 A.19 Band Width (£ thousands of Annual Income (AI)) Fee (£/£ thousand or part £ thousand of AI) >100 0.0187 0.0223 A.21 Band Width (£ client money) (CM) held Fee (£/£ millions or part £m of CM) less than £1 million 1.312 1.890 an amount equal to or greater than £1 million but less than or equal to £1 billion
0.984 1.418

FCA 2025/22 more than £1 billion 0.656 0.945 PLUS Safe custody assets Band Width (£ safe custody assets) (CA) held Fee (£/£ millions or part £m of CA) less than £10 million 0.0052 0.0068 an amount equal to or greater than £10 million and less than or equal to £100 billion
0.0039 0.0051
more than £100 billion 0.0026 0.0034
G.3 Minimum fee (£) 10
£ thousands or part £ thousand of
Relevant Income
Fee (£/£thousand or part £ thousand of Relevant Income) >100 0.0177 0.017 G.4 Flat fee (£) 10 G.10 Minimum fee (£) 10 £ million or part £m of average outstanding electronic money (AOEM) Fee (£/£m or part £m of AOEM) >5.0 1.548 1.60 G.11 Flat fee (£) 10 CC.1 Minimum fee (£) 10 £ thousand of annual income (AI) Fee (£/£ thousand or part £ thousand of AI) >250 0.0833 0.1055 CC.2 Minimum fee (£) 10 £ thousands of annual income (AI) Fee (£/£ thousand or part £ thousand of AI) >250 0.0883 0.1055 Notes

FCA 2025/22
(1) The definitions of fee-blocks G.5 and G.10 under Part 2 and Part 2A of FEES 4 Annex 11R are modified, for the purposes of FEES 7A so that they exclude the Bank of England, government departments, local authorities, municipal banks and the National Savings Bank. …
Part 2
…
(3) A firm is referred to in this paragraph if it falls within the following activity groups: A.1; A.2; A.3 (excluding UK ISPVs); A.4; A.5; A.7; A.9; A.10; A.12; A.13; A.14; A.18; A.19; G.3 and G.10. … 7A
Annex
2R
SFGB debt advice levy for the period from 1 April 2024 2025 to 31 March 2025 2026 …
Part 4
This table shows the tariff rates applicable to each of the fee-blocks set out in
Part 1
Activity group SFGB debt advice levy payable A.2 Home finance providers and administrators Band width (£million of secured debt) >0 Fee (£/£m or part £m of secured debt) 27.95 31.99 CC.3 Consumer credit lending Band width (£million of value of lending) >0 (Note 1) Fee (£/£m or part £m of value of lending) 168.32 182.59 Notes (1) Credit unions and community finance organisations do not pay any SFGB debt advice levy on the first £2,000,000 of value of lending.

FCA 2025/22
7A SFGB pensions guidance levy for the period 1 April 2024 2025 to 31 March
Annex 2025 2026
3R
Activity group SFGB pensions guidance levy payable A.1 Band width (£ million of modified eligible liabilities (MELs)) >10 Fee (£/£m or part £m of MELS)
2.944 3.933
A.4 Band width (£ million of gross written premium for fees purposes (GWP) >1 Fee (£/£m or part £m of GWP)
85.30 83.24
A.7 For class 1(B),
1(C), (2) and (3) firms:
Band width (£ million of funds under management (FuM)) >10 Fee (£/£m or part £m of FuM)
0.964 1.208
A.9 Band width (£ million of gross income (GI)) >1 Fee (£/£m or part £m of GI)
533.01 740.27
A.13 Band width (£ thousands of annual income (AI)) >100 Fee (£/£ thousand or part of £ thousand of AI)
0.1445 0.202
7B The DA levy
…

FCA 2025/22
7B
Annex
1R
DA levy for the period from 1 April 2024 2025 to 31 March 2025 2026 …
Part 4
This table shows the tariff rates applicable to each of the fee-blocks set out in Part 1. Activity group DA levy payable A.2 Home finance providers and administrators Band width (£million of secured debt) >0 Fee (£/£m or part £m of secured debt)
3.777 5.33
CC.3 Consumer credit lending
Band width (£million of value of lending) >0 (Note 1) Fee (£/£m or part £m of value of lending) 22.747 30.43 Note:
Credit unions and community finance organisations do not pay any DA levy on the first £2,000,000 of value of lending. 7C Temporary Permissions Regime (TPR) and Financial Service Contracts Regime (FSCR) – Single Financial Guidance Body Levy … 7C TPR SFGB money advice levy for the period from 1 April 2024 2025 to 31
Annex March 2025 2026
1R
This table shows the TPR SFGB money advice levy applicable to each activity group (fee-block). Activity group TPR SFGB money advice levy payable
Part 1 TP firms
A.1 Band Width (£ million of Modified
Eligible Liabilities (MELs))
Fee (£/£m or part £m of MELs)

FCA 2025/22

10 0.947 1.276
A.2 Band Width (no. of mortgages and/or home finance transactions) Fee (£/mortgage) >50 0.513 0.677 A.3 Gross written premium for fees purposes (GWP) Band Width (£ million of GWP) Fee (£/£m or part £m of GWP) >0.5 19.71 20.89 PLUS Best estimate liabilities for fees purposes (BEL) Band Width (£ million of BEL) Fee (£/£m of part £m of BEL) >1 1.10 1.38 A.4 Gross written premium for fees purposes (GWP) Band Width (£ million of GWP) Fee (£/£m or part £m of GWP) >1 12.60 11.69 PLUS Best estimate liabilities for fees purposes (BEL) Band Width (£ million of BEL) Fee (£/£m or part £m of BEL) >1 0.836 0.927 A.7 For class 1(C), (2), (3) and (4) firms:
Band Width (£ million of Funds under Management (FuM)) Fee (£/£m of part £m of FuM) >10 0.086 0.105 Class 1(A), (B) and (C) firms are defined in FEES 4 Annex 1AR. A.9 Band Width (£ million of Gross Income (GI)) Fee (£/£m of part £m of GI)

FCA 2025/22

1 91.62 118.00
A.10 Band Width (no. of traders) Fee (£/trader) >1 148.19 184.09 A.13 For class (2) firms Band Width (£ thousands of annual income (AI)) Fee (£/£ thousand or part £ thousand of AI) >100 0.0479 0.0643 For a professional firm in A.13 the fee is calculated as above less 10%. A.14 Band Width (£ thousands of annual income (AI)) Fee (£/£ thousand or part £ thousand of AI) >100 0.0234 0.0272 A.18 Band Width (£ thousands of Annual Income (AI)) Fee (£/£ thousand or part £ thousand of AI) >100 0.129 0.174 A.19 Band Width (£ thousands of Annual Income (AI)) Fee (£/£ thousand or part £ thousand of AI) >100 0.0187 0.0223 CC.2 Minimum fee (£) 10 £ thousands of annual income (AI) Fee (£/£ thousand or part £ thousand of AI) >250 0.0883 0.1055
Part 2 TA PI firms and TA RAISP firms
G.3 Minimum fee (£) 10
£ thousands or part £ thousand of
Relevant Income
Fee (£/£thousand or part £ thousand of Relevant Income) >100 0.0177 0.0170
Part 3 TA EMI firms
G.10 Minimum fee (£) 10

FCA 2025/22
£ million or part £m of average outstanding electronic money (AOEM) Fee (£/£m or part £m of AOEM) >5.0 1.548 1.60
Part 4
(1) This Part sets out the minimum TPR SFGB money advice levy applicable to the TPR firms specified in (3) below. (2) The minimum TPR SFGB money advice levy payable by any firm referred to in (3) is £10. (3) A TP firm is referred to in this paragraph if it falls within the following activity groups: A.1; A.2; A.3; A.4; A.7; A.9; A.10; A.13; A.14; A.18; and A.19. 7C
Annex
2R
TPR SFGB debt advice levy for the period from 1 April 2024 2025 to 31 March 2025 2026 …
Part 4
This table shows the tariff rates applicable to each of the fee-blocks set out in
Part 1.
Activity group TPR SFGB debt advice levy payable A.2 Home finance providers and administrators Band width (£million of secured debt) Fee (£/£m or part £m of secured debt) >0 27.95 31.99 CC.3 Consumer credit lending Band width (£million of value of lending) Fee (£/£m or part £m of value of lending) >0 (Note 1) 168.32 182.59 Note (1) Credit unions and community finance organisations do not pay any TPR SFGB debt advice levy on the first £2,000,000 of value of lending. 7C
Annex
3R
TPR SFGB pensions guidance levy for the period 1 April 2024 2025 to 31 March 2025 2026

FCA 2025/22
This table shows the TPR SFGB pensions guidance levy applicable to each activity group (fee-block). Activity group TPR SFGB pensions guidance levy payable TP firms A.1 Band width (£ million of modified eligible liabilities (MELs)) Fee (£/£m or part £m of MELs) >10 2.944 3.933 A.4 Gross written premium for fees purposes (GWP) Band Width (£ million of GWP) Fee (£/£m or part £m of GWP) >1 85.30 83.24 A.7 For class 1(B), 1(C), (2) and (3) firms:
Band width (£ million of funds under management (FuM)) Fee (£/£m or part £m of FuM) >10 0.964 1.208 A.9 Band width (£ million of gross income (GI)) Fee (£/£m or part £m of GI) >1 533.01 740.27 A.13 Band width (£ thousands of annual income (AI)) Fee (£/£ thousand or part of £ thousand of AI) >100 0.1445 0.202 7D Temporary Permissions Regime (TPR) – Devolved Authorities levy … 7D TPR DA levy for the period from 1 April 2024 2025 to 31 March 2025 2026
Annex
1R

FCA 2025/22
…
Part 4
This table shows the tariff rates applicable to each of the fee-blocks set out in
Part 1.
Activity group TPR DA levy payable
A.2 Home finance providers and administrators Band width (£ million of secured debt) Fee (£/£m or part £m of secured debt) >0 3.777 5.33 CC.3 Consumer credit lending Band width (£ million of value of lending) Fee (£/£m or part £m of value of lending) >0 (Note 1) 22.747 30.43 Note (1) Credit unions and community finance organisations do not pay any TPR DA levy on the first £2,000,000 of value of lending. … Illegal money lending levy … 13 Annex Illegal money lending (IML) levy for 2024/25 2025/26 1R Limited permission (feeblock CC1):
£5 flat rate
Full authorisation (feeblock CC2):
Up to £250,000 consumer credit income:
£10
Over £250,000 consumer credit income:
£10 + 0.266 0.253 per
£1,000

FCA 2025/22
13A Temporary Permissions Regime (TPR) and Financial Service Contracts Regime (FSCR) - Illegal money lending levy … 13A TPR illegal money lending (IML) levy for 2024/25 2025/26
Annex 1R
Activity group Description Fee (£)
Activity group CC2.
Credit-related regulated activities:
Up to £250,000 consumer credit income:
Over £250,000 consumer credit income:
10 + 0.266 0.253 per
£1,000
…
App 2 Office for Professional Body Anti-money laundering Supervision fees … App 2 Periodic fees imposed under Regulation 27 of the OPBAS Regulations:
Annex 2 tariff base, review date, tariff rates
…
Part 3
This table sets out the tariff rates applicable to professional body supervisors. Fee payable in relation to 2024/25 2025/26 Amount payable (£) Minimum fee, payable by all professional body supervisors subject to the OPBAS Regulations. £5,775 £5,919 Variable fee, payable by professional body supervisors where the number of supervised individuals is 6,000 or more. £41.48 £40.52 multiplied by the total number of supervised individuals in excess of the threshold of 6,000. [See Note] Note: reference to “the number of supervised individuals” is to those supervised individuals calculated in accordance with Part 1.

FCA 2025/22
…
App 3 Fees payable by persons registered under the Money Laundering Regulations that are not cryptoasset businesses App 3.1 Fees for persons registered under the Money Laundering Regulations that are not cryptoasset businesses Application and periodic fees … App 3.1.2 … (2) Periodic fee:
Activity group
Fee-payer falls in the activity group if:
Fee payable in 2024/25
2025/26
G.1 it is registered with the FCA under the Money Laundering Regulations or any predecessor legislation and it is not an authorised person or a cryptoasset business or otherwise registered with the FCA. £1,155 £1,184 (3) Transaction fees:
Fee payer Fee payable
A person in respect of which the FCA has given notice of the FCA’s appointment of a skilled person to provide it with a report pursuant to Regulation 74B of the Money Laundering Regulations as applied by Regulation 14 of the Money Laundering and Terrorist Financing (Amendment) (No.
2) Regulations 2022.
Any amount invoiced to the FCA by a skilled person in relation to any work carried out by that skilled person in connection with its appointment by the FCA. [Note: Regulation 102 of the Money Laundering Regulations; Regulation 74B of the Money Laundering Regulations as applied by Regulation 14 of the Money Laundering and Terrorist Financing (Amendment) (No. 2) Regulations 2022]

FCA 2025/22
App 4 Fees payable by cryptoasset businesses registered under the Money Laundering Regulations … App 4.2 Application and transaction fees General … App G … 4.2.2 Appointment of a skilled person App Where the FCA has given notice to a cryptoasset business of the FCA’s 4.2.2A appointment of a skilled person to provide it with a report pursuant to Regulation 74B of the Money Laundering Regulations, the cryptoasset business must pay to the FCA any amount invoiced by the skilled person to the FCA in relation to its appointment by the FCA. [Note: Regulation 74B of the Money Laundering Regulations] … App 4 Periodic fees payable by cryptoasset businesses registered under the
Annex 2 Money Laundering Regulations
…
(2) This table sets out the tariff rates applicable to cryptoasset businesses registered with the FCA under the Money Laundering Regulations. Tariff rates in relation to 2024/25 2025/26 Fee payable Amount payable Minimum fee, payable by all cryptoasset businesses £2,175 £2,229 Variable fee, payable in addition to the minimum fee, on income above £100,000 £22.60 £15.13 per £1,000 or part- £1,000

FCA 2025/22
Annex C
Amendments to the Periodic Fees (2024/2025) and Other Fees Instrument 2024 (FCA 2024/8) (as amended by FCA 2025/10) In this Annex, underlining indicates new text and striking through indicates deleted text. The Periodic Fees (2024/2025) and Other Fees Instrument 2024 (FCA 2024/8), as amended by the Application and Periodic Fees (2025/2026) and Other Fees Instrument 2025 (FCA 2025/10), is amended as shown below. Coversheet:
Commencement
G. This instrument comes into force on 1 April 2024 except as provided below:
…
(3) Part 3 of Annex B (Fees manual) comes into force on 1 April 2026 2025.
Part 3 of Annex B:
Part 3: Comes into force on 1 April 2026 2025
…

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