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Home > Prudential Regulation Authority > Regulated fees and levies: rates for 2017/18 – PS17/17
 

Regulated fees and levies: rates for 2017/18 – PS17/17

06 July 2017

Update 6 November 2017: The PRA publishes PS27/17 ‘Regulated fees and levies: Adjustment to rates for 2017/18’  which corrects the fee rates for the PRA’s Annual Funding Requirement for 2017/18, published in Policy Statement (PS) 17/17 ‘Regulated fees and levies: rates for 2017/18’.

Overview

This Prudential Regulation Authority (PRA) policy statement (PS) provides feedback to responses to Consultation Paper (CP) 4/17 ‘Regulated fees and levies: rates proposals 2017/18’ (‘the CP’).  It sets out the final fee rates and rules to recover the PRA’s Annual Funding Requirement (AFR), the ring-fencing implementation fee (RFIF) and the International Financial Reporting Standard (IFRS) 9 fee for the financial period 1 March 2017 to 28 February 2018. It also provides the final rules and an updated Supervisory Statement (SS) 3/16 ‘Fees: PRA approach and application’ (‘the SS’), to implement changes to the supervisory approach relating to Special Project Fees (SPF) for restructuring and regulatory transaction fees. The final rules are included in Appendix 1 and the updated SS3/16 in Appendix 2.

This PS is relevant to all firms that currently pay PRA fees or are expecting to do so within the 2017/18 fee year.

Feedback on consultation responses

The PRA received six responses to the CP. Chapter 2 summarises the feedback received and the PRA’s response. The PRA received no responses relating to its proposals for SPFs for restructuring and new firm authorisations. As a result, no changes have been made to the draft rules. The PRA also received no comments on the proposed revisions to the SS, as such the updated SS is unchanged from the draft.

Policy statement

Regulated fees and levies: rates for 2017/18 – PS17/17

Appendices

  1. PRA PERIODIC FEES (2017/18) AND OTHER FEES INSTRUMENT 2017
  2. Fees: PRA approach and application - SS3/16 UPDATED
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