The PRA has published a consultation paper on regulated fees and levies: rates proposals 2016/17 – CP10/16. This consultation paper (CP) consults on proposals for the PRA’s fees and levies for 2016/17. The consultation is relevant to all PRA-authorised firms.
The CP includes:
(a) the fee rates to meet the PRA’s 2016/17 Annual Funding Requirement (AFR);
(b) proposed rules for introducing a ring-fencing implementation fee;
(c) how the PRA intends to distribute a refund from the 2015/16 AFR and the retained penalties for 2015/16;
(d) a consequential amendment to the fees rules as a result of recent policy changes for credit unions.
The consultation closes on Tuesday 24 May 2016. The PRA statement and the consultation paper can be found here.