The FCA has published CP22/7: FCA regulated fees and levies rates: rates proposals for 2022/23.
The regulator’s fees consultation follows an annual cycle, and in March and April it consults on periodic fees rates for the next financial year – i.e. 1st April to 31st March - and any proposed changes to application fees or other fees.
The Consultation Paper (CP) explains how the FCA proposes to recover the costs of carrying out its work, covering:
- its annual funding requirement (AFR) and its allocation across fee-blocks
- details of the FCA periodic fees for authorised firms
- FCA fees for other bodies
- the new structure of application fees it introduced in January 2022
- how it handles the revenue from financial penalties imposed on firms
This consultation applies to all FCA fee-payers and to any businesses considering applying for FCA authorisation or registration.
Comments on the proposals in this CP are requested by 12 May 2022. These can be submitted via an online response form, via email at firstname.lastname@example.org or in writing to David Cheesman, Financial Conduct Authority, 12 Endeavour Square, London E20 1JN.
Comments will be considered and the FCA will publish its feedback and rules in a policy statement in July 2022.