First published on 28 February 2016
This supervisory statement is addressed to all Prudential Regulation Authority (PRA) authorised firms and anyone seeking to become PRA-authorised. It should be read alongside the Fees Part of the PRA Rulebook (the ‘Fees Part’ or ‘Fees’).
The PRA consults annually on fee rates with the publication of a consultation paper (CP). Feedback on the proposals in the CP is then published in a policy statement (PS), together with the final rule-making instrument and any agreed policy.
The PRA’s fee year is twelve months from 1 March to the end of February in the following year. New fee rates are consulted on in March to take effect from 1 March in each year.