Open consultation: CP21/8
20/04/2021
Consultation closed
25/05/2021
Policy statement
01/07/2021
01/07/2021
PS21/7: FCA regulated fees and levies 2021/22
We publish our final 2021/22 regulated fees and levies including feedback on CP21/8.
16 July 2021 update: We published an updated version of PS21/7 with an amended fees and levies rates instrument in Appendix 1. Under FEES 7A Annex 3R the amended instrument correctly states the 2021/22 levy rate for the Money and Pensions Service (MaPS) pensions guidance levy (PGL) for the A.4 insurers life fee-block as £37.80. The original instrument incorrectly stated £17.01. The same error occurred under FEES 7C Annex 3R covering the MaPS PGL for the temporary permissions regime. MaPS is referred to in the fees rules as the Single Financial Guidance Board (SFGB).
The fees and levies are for:
- FCA
- Financial Ombudsman Service
- Money and Pensions Service (MaPS)
- Devolved Authorities
- Treasury’s expenses for tackling illegal money lending
We also publish our feedback on the responses received to the consultation on the draft fees and levies rules CP21/8.
Who this applies to
All fee-payers will be affected by this Policy Statement (PS).
- Table 1.1 on page 10 helps fee-payers identify which chapters relate to them.
How to calculate your fees
Firms can use our online fees calculator to calculate their individual fees based on the final rates in this PS. This includes FCA periodic fees and the Financial Ombudsman Service, MaPS, Devolved Authorities and illegal money lending levy final rates in Appendix 1 (where applicable) of this PS.
The fees calculator will also cover PRA (where applicable) fees and Financial Services Compensation Scheme (FSCS) levies.
What we will now do
We will invoice fee-payers from July 2021 onwards for their 2021/22 periodic fees and levies.
: Document update PS21/7 updated with amended fees and levies rates instrument in Appendix 1
: Information changed Changed to PS21/7
: Document update Updated CP21/8 published