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Bank of England sets out the Prudential Regulation Authority's (PRA) Annual Funding Requirement
The Bank of England is consulting on the regulatory fees and levies required to support the PRA’s strategic priorities and business aims for the fee year 2014/15.
Published on
02 April 2014
The fees from individual firms are based on the size of their business. Consequently, those firms that could potentially cause the greatest harm to the stability of the UK financial system will be the main contributors to the PRA’s funding needs. The Financial Conduct Authority (FCA) has separately set out its own Annual Funding Requirement.
Press release