The Financial Conduct Authority (FCA) has laid out its regulatory fees and levies proposals for the new financial year and is now seeking feedback from the industry.
Consultation paper 24/6 is consulting on rules that enable the regulator to raise fees and levies this financial year to fund both itself and the Financial Ombudsman Service (FOS) and comes after the FCA published its 2024/25 business plan last month. The regulator confirmed its funding requirement of £755m for the next 12 months in the business plan – an increase on the £681.8m it spent last year. After freezing minimum and flat rate fees last financial year, the FCA has today (9 April) confirmed it plans to increase minimum and flat rate fees in 2024/25, along with application fees,...
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