CP23/22: Regulatory fees and levies: policy proposals for 2024/25

Read CP23/22 (PDF)[1]

Why we are consulting

The fees we collect fund the work we do. By explaining our approach, fee-payers have an opportunity to comment on changes to the way fees and levies are raised.

Who this applies to

This document applies to:

• all FCA fee-payers
• levy-payers of the Financial Ombudsman Service and of the Financial Services Compensation Scheme
• any businesses considering applying for FCA authorisation or registration

Each chapter in the consultation paper covers a specific policy area. See which sections are relevant to your firm[2].

This consultation is not directly relevant to retail financial services consumers, although our fees are indirectly paid by users of financial services.

Due to proposals in Chapter 4 of this consultation paper, we are inviting certain consumer credit firms to resubmit data to calculate their fees for 2024/25. If you are a consumer credit firm that currently applies the proxy measure of income to complete the CCR002 or CCR007 regulatory return, please refer to Chapter 4 for further information.

Background

Proposals in this consultation are not intended in themselves to advance our objectives[3], but the fees fund our work to further them.

We are also consulting on some adjustments to the rules affecting the Financial Ombudsman Service and Financial Services Compensation Scheme levies.

Find out more about the fees we charge and what they cover[4].

Next steps

The consultation paper contains 15 questions covering our proposals. Please give your comments by 16 January 2024.

Have your say via:

Online response form[5]

Alternatively:

Email: [email protected]

Write to: David Cheesman, Financial Conduct Authority, 12 Endeavour Square, London E20 1JN

Telephone: 0207 066 5406