The Financial Conduct Authority (FCA) and Prudential Regulation Authority (PRA) are consulting on the Management Expenses Levy Limit (MELL) for the Financial Services Compensation Scheme (FSCS) for 2015/16.
Why are we consulting on this?
The efficient and effective functioning of the FSCS helps the FCA meet its consumer protection objective as well as supports the PRA in meeting its general objective to promote the safety and soundness of PRA-authorised firms.
Who should read this paper?
You should read this CP if you are an authorised firm.
We want to know what you think of our proposals. Please use the online response form or write to us at the postal or email address on page 2 of the paper. The consultation period closes on 16 February 2015 and we will finalise the proposal in this CP to take effect on 1 April 2015. Invoices will be sent out from July 2015.