This Bank of England (Bank) Policy Statement (PS) provides feedback to responses to the Consultation Paper (CP) ‘Fees regime for financial market infrastructure supervision 2020/21 and other related policy changes’. The PS covers:
- the final fee rates to meet the Bank’s 2020/21 funding requirement for its financial market infrastructure (FMI) supervisory activity and the policy activity that supports this, as permitted by the Bank’s fee levying powers;
- how the Bank will apportion the surplus from the 2019/20 FMI fee year; and
- amendments to the Special Project Fee (SPF) invoicing process and the SPF hourly rate to be charged, where applicable. This section should be read in conjunction with the ‘Fees regime for the supervision of financial market infrastructure (FMI) Policy Statement June 2018’.
The PS is relevant to all firms currently paying FMI fees or expecting to do so within the 2020/21 fee year.