This consultation paper sets out the expected FMI fee rates for 2020/21 for financial market infrastructures (FMI) that are recognised by the Bank and subject to the FMI fee regime.
The proposals include:
- The fee rates set as part of the Bank’s 2020/21 funding requirement for its FMI supervisory activity and the policy activity that supports this, as permitted by the Bank’s fee-levying powers;
- How the Bank intends to apportion surpluses from the 2019/20 FMI fees; and
- Amendments to the special project fee (SPF) invoicing process and the SPF hourly rates to reflect current Bank costs.
The consultation paper is relevant to all firms currently paying FMI fees or expecting to do so within the 2020/21 fee year.