PRA publishes Fees and Levies rates proposals for 2025/26

The PRA today published its CP 8/25, setting out its proposals for fees and levies for the current year.

The Annual Funding Requirement, to cover the PRA’s ongoing regulatory activities, is £328.7m, down £2.6m from last year; similarly, the Total Funding Requirement, which comprises the AFR and other levies, is down by £10.5m from last year, to £342.5m.

Points of interest from the consultation include an outline of how the PRA will be funding work on Future Banking Data, which will build on the Banking Data Review and the ongoing collaboration with the FCA around Transforming Data Collection.

Deletion of underused or duplicative templates will be consulted on, and a firm-facing portal will be developed, facilitating interaction with the PRA, presumably along the same lines as the recently-launched MyFCA.