CP18/10: FCA regulated fees and levies: Rates proposals 2018/19

Open consultation: CP18/10
09/04/2018
Consultation CP18/10 closed
01/06/2018
01/06/2018
Policy statement
July 2018

We are consulting on our proposed 2018/19 regulatory fees and levies.

Read the summary of CP18/10 (PDF)

Read the full consultation (PDF)

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:

  • Financial Conduct Authority (FCA)
  • Financial Ombudsman Service
  • Money Advice Service
  • Pension Wise service
  • Single Financial Guidance Body
  • Illegal money lending (IML) expenses of HM Treasury

Who this applies to

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.

What you need to do

Please send us your comments by 1 June 2018. 

Online response form

You can also:

  • email [email protected] or
  • write to: Peter Cardinali, Finance and Business Services, Financial Conduct Authority, 25 The North Colonnade, London E14 5HS

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.

Next steps

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.