Regulatory fees and levies: policy proposals for 2019/20

This Consultation Paper sets out the Financial Conduct Authority's proposed policy changes for raising FCA fees from 2019/20, affecting all FCA fee-payers. Key proposals include new fee arrangements for credit rating agencies (CRAs) and trade repositories (TRs), with a £5,000 application fee for new applicants and periodic fees based on applicable turnover, if their regulation transfers from ESMA. It also proposes discontinuing fee-block F for mutual societies, adjusting tariff data weightings for insurers, removing consumer credit fees from community finance organisations and credit unions, and designating part of the debt advice levy for devolved authorities, including firms in the temporary permissions regime. Comments on these proposals are requested by 14 January 2019.

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Consultation Paper
CP18/34
November 2018
Regulatory fees and levies: policy proposals for 2019/20

CP18/34 Financial Conduct Authority
Regulatory fees and levies: policy proposals for 2019/20 We are asking for comments on this Consultation Paper (CP) by 14 January 2019. You can send them to us using the form on our website at www.fca.org.uk/cp18- 34-response-form Or in writing to:
David Cheesman
Financial Conduct Authority
12 Endeavour Square
London E20 1JN
Telephone:
0207 066 5406
Email:
cp18-34@fca.org.uk
How to respond Contents
1 Summary 3
2 Recovering the costs of regulating credit rating agencies and trade repositories after the UK leaves the European Union 6 3 Charges for mutual societies 12 4 Insurers’ tariff data from 2019/20 17 5 Other fees policy proposals 20 6 Debt advice levy for devolved authorities 23
Annex 1
Questions in this paper 25
Annex 2
Compatibility statement 26
Annex 3
Abbreviations used in this paper 29
Appendix 1
Draft Handbook text
Appendix 2
Draft Handbook text
Appendix 3
Draft Handbook text returns you to the contents list takes you to helpful abbreviations How to navigate this document onscreen

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Source: Financial Conduct Authority — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works