Prudential Regulation Authority fees and levies: policy proposals for 2014/15

Consultation Paper 10/13
Published on 31 October 2013

Background

This consultation paper sets out the proposed changes to the Prudential Regulation Authority (PRA) fee policy for the financial period from 1 March 2014 to 28 February 2015 for dual regulated Financial Conduct Authority (FCA)/PRA firms.

Summary of the key issues covered by the consultation paper

The consultation seeks views on the PRA’s:

  • Basis for reviewing the minimum fee each year;
  • Proposal to continue to levy a Special Project Fee (SPF) in relation to the work required to implement the remainder of the Solvency II Directive;
  • Intention to review the level of and methodology to levy application fees for new and existing firms prior to the April fees rates consultation;
  • Proposed changes to Special Project Fee staff recharge rates to accurately reflect the cost of PRA supervision; and
  • Plan to make rule amendments as a consequence of changes proposed by the FCA which affect shared FCA/PRA.

This consultation closed on 30 December 2013.

PDFConsultation Paper 10/13

 
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