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Home > Prudential Regulation Authority > Regulated fees and levies: Adjustment to rates for 2017/18 - CP17/17
 

Regulated fees and levies: Adjustment to rates for 2017/18 - CP17/17

12 September 2017

Background

This consultation paper (CP), sets out the Prudential Regulation Authority’s (PRA) proposal to correct the fee rates for the PRA’s Annual Funding Requirement (AFR) for 2017/18 published in Policy Statement (PS) 17/17 ‘Regulated fees and levies: rates for 2017/18’ (the PS). 

This CP is relevant to all firms that currently pay PRA fees or are expecting to do so within the 2017/18 fee year (1 March 2017 to 28 February 2018).

Summary of proposals

The fee rates published in the PS did not reflect the most up-to-date data received from firms prior to its publication. The PRA therefore proposes to correct the rates by amending Table III of the Fees Part of the PRA Rulebook (see Appendix).

The fee rates used in the fees calculator on the Financial Conduct Authority (FCA) website, and the invoices issued by the FCA to firms on behalf of the PRA for the 2017/18 year, reflect the correct rates.

For all firms, the correct fee rates will be lower than those published in the PS.

Responses and next steps

This consultation closed on Thursday 12 October 2017.

Please address any comments or enquiries to CP17_17@bankofengland.co.uk.

Consultation paper

Regulated fees and levies: Adjustment to rates for 2017/18 - CP17/17

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