Overview
On Friday 21 November the the Prudential Regulation Authority (PRA) and the Financial Conduct Authority (FCA) published a joint consultation, Chapter 4 of which proposes to update the invoice due dates for firms who pay £50,000 or more in PRA and FCA fees in a year (referred to as ‘payments on account’) to avoid invoices being labelled as overdue due to procedural issues.
CP25/33 – Regulatory fees and levies: policy proposals for 2026/27
Responses and next steps
The consultation closes on 16 January 2026. All responses should be sent to the FCA at cp25-33@fca.org.uk.