FCA regulated fees and levies 2017/ 2018

We welcome the falls in some of the proposed fee rates.  But we note with some disappointment the general increase in the regulator's costs.

Despite welcome falls in some individual rates this year, we remain concerned by the implicit assumption that regulatory fees – FCA and PRA - will always rise in real terms – and that building societies, coupled with banks for regulatory fee purposes, bear the brunt.  If not retrenching, regulators should at least concentrate on making the most of current resources – as the firms that fund them do.

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