FCA sets out fee consultation
Proposed changes include charging fees to firms who still use paper invoices and revised tariff data for calculating insurers’ fees and levies from 2018/19.
The Financial Conduct Authority (FCA) has published its consultation on Regulatory fees and levies: policy proposals for 2018/19.
The proposals include developments into how the regulator could calculate insurers FCA periodic fees and Financial Ombudsman levies.
The document includes a proposal to adopt the Prudential Regulation Authority’s revised tariff data but to propose different weightings between premium income and liabilities elements for general insurers.
The FCA noted: “Since the
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