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.