We are consulting on our proposed 2017/18 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 FCA, the Financial Ombudsman Service (excluding case fees) and the Money Advice Service to meet their statutory objectives in 2017/18.
It also includes our proposals for the ring-fencing implementation fee, application fees for Payment Services Directive 2 and levies for pensions guidance and illegal money lending.
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 9 June 2017:
You can also:
We will consider your comments and will publish a Policy Statement at the end of June/early July 2017, which will include our feedback on your comments and the final rules.
Certain fee payers have been invoiced from February 2017 for ‘on-account’ payments, and other firms will be invoiced from July 2017, on the basis of the new fees and levies.