We are consulting on our proposed 2018/19 regulatory fees and levies.
We are funded entirely by the fees and levies recovered from the firms we regulate – we receive no subsidies from other sources. The proposals in this paper will enable us to raise the funding for the:
All fee-payers will be affected by this CP. It does not contain material directly relevant to retail financial services consumers or consumers groups, although indirectly fees are met by financial services consumers.
Please send us your comments by 1 June 2018.
You can also:
On the 12 April we updated CP18/10 to provide some additional information to be consistent with CP7/18 published by the Prudential Regulation Authority. The additional information relates to the calculation of fees and levies for insurers and has been included at the end of chapters 3, 10 and under paragraph 11.9 and at the end of chapter 11. The information at the end of chapter 9 has also been updated to take account that some insurers will be notifying us of ‘relevant’ gross written premium tariff data (i.e. business conducted with consumers) in the case of the Financial Ombudsman Service general levy.
We will consider your comments and will publish a Policy Statement in July 2018, which will include our feedback on your comments and the final rules.