FIN.

FCA consults on fees

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.

Emma Radmore