UK Financial Conduct Authority Policy Statement on Regulated Fees and Levies 2024/25

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The U.K. Financial Conduct Authority has finalized its regulated fees and levies 2024/25. These include the FCA periodic fees, the Financial Ombudsman Service general levy, Money and Pensions Service levies, Devolved Authorities debt advice levies and illegal money lending levy. The final rates differ in some places from the draft rates consulted on due to changes in the fee data that the FCA uses to calculate fee-rates. The relevant changes to the FCA Handbook were made by the Periodic Fees (2024/2025) and Other Fees (No 2) Instrument 2024, which entered into force on July 2, 2024. Firms can use the FCA's online fees calculator to calculate their individual fees based on the final rates.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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