Details on regulatory fees and levy proposals for the Financial Conduct Authority’s (FCA) funding for 2023/24 have been published today (29 November) with the regulator now seeking feedback from the industry on a range of proposals.
In a consultation opened today the regulator said it was "mindful of the significant inflationary pressures on businesses in the current climate". "We are determined to manage the rise in FCA costs as far as feasible over the coming year to ease the pressure on fees, particularly for smaller firms," it added. The regulator said it would take the December 2022 Consumer Prices Index (CPI) as a fixed measure and benchmark all estimated costs for 2023/24 against it. "We are giving due consideration to inflationary pressures as we finalise our budget for 2023/24 and do not expect it to ...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
