Brexit to cost the FCA £5m in 2018/19
Regulator increases annual funding requirement by 3.2% to £543.9m.
The Financial Conduct Authority (FCA) has budgeted for a total annual funding requirement (AFR) of £543.9m for 2018/19.
It also predicted a total EU exit cost of £30m to the regulator.
The figures were revealed in a consultation paper on fees and levies published alongside its Business Plan.
This is an increase of 3.2%, compared to the £526.9m budgeted for 2017/18.
Brexit
The regulator detailed that its AFR includes ongoing regulatory activities budget costs, costs relating to changes to its
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