FCA has published its annual consultation paper on regulatory fees and levies. Key proposals include:
- the proposed tariff data FCA will use to calculate insurers’ FCA periodic fees and the FOS levies, building on PRA’s proposals;
- updating its financial penalty scheme; and
- how to treat consumer hire agreements in relation to credit-related income.
FCA also seeks views on administrative issues, such as charging firms that require paper invoices. Consultation closes no 15 January 2018.