FCA consults on fees and levies for 2023/24

The FCA is consulting on proposals for changes to its policy on how it raises regulatory fees and levies. The consultation paper covers:

• the fees for principal firms of ARs;
• options for redefining fees calculations for IFPR firms;
• a £5,000 fee for firms which apply for permission to approve financial promotions under the new regime;
• an update on Treasury’s economic crime levy, which the FCA is required to start collecting from 2023/24.

The consultation closes on 16 January 2023.