FCA confirms fees and levies

The Financial Conduct Authority has published its final 2021/22 regulated fees and levies following a recent consultation proposing a fee increase.

The regulator is proceeding with the proposals as consulted on, except in the case of the principal firms’ appointed representatives (ARs) fee, which following feedback from 13 trade bodies including the BVRLA, has been lowered to £75 for introducer appointed representatives with the £250 fee now only applying to full ARs. 

The FCA will invoice fee-payers from July 2021 onwards for their 2021/22 periodic fees and levies, which cover the Financial Conduct Authority, Financial Ombudsman Service, Money and Pensions Service, Devolved Authorities and HM Treasury’s expenses for tackling illegal money lending.

Firms can use the FCA’s online fee calculator to calculate the fees that apply to them.

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