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FSA consultation paper, “Regulated fees and levies: Rates proposals 2012/13”, CP 12/3

Industry response,
Contact:
jeremy palmer,
Last updated:
23 January 2013

Introduction The Building Societies Association represents mutual lenders and deposit takers in the UK including all 47 UK building societies. Mutual lenders and deposit takers have total assets of over £375 billion and, together with their subsidiaries, hold residentia...

Our brief response to joint consultation on FSCS management expenses levy limit 2016/ 17

Industry response,
Contact:
andrea jeffries,
Last updated:
12 February 2016

We welcome the slight reduction in the MELL budget but argue for more detail on "strategic change" expenditure. Click here for the response.

Our brief response to the consultation paper, Financial Services Compensation Scheme – Management Ex

Industry response,
Contact:
andrea jeffries,
Last updated:
16 February 2015

Comment We welcome the overall 7.4% reduction in the budgeted FSCS management expenses but continue to be frustrated by the lack of detail about this expenditure, and therefore lack of opportunity to comment on it.   An almost permanent feature of MELL budgets is th...

Our response to FCA fees paper, “FCA regulated fees and levies: rates proposals 2013/14, CP 13/1

Industry response,
Contact:
andrea jeffries,
Last updated:
11 June 2013

Our response to FCA fees paper, “FCA regulated fees and levies: rates proposals 2013/14, CP 13/1 Background The Building Societies Association represents mutual lenders and deposit takers in the UK including all 46 UK building societies.  Mutual lenders and deposit t...

Our response to the FCA/ PRA consultation, “Financial Services Compensation Scheme – management expe

Industry response,
Contact:
andrea jeffries,
Last updated:
18 February 2014

Introduction The Building Societies Association represents mutual lenders and deposit takers in the UK including all 45 UK building societies. Building societies have total assets of nearly £330 billion and, together with their subsidiaries, hold residential mortgages o...

Our response to the FSA's annual consultation on changes to its regulatory fees and levies

Industry response,
Contact:
andrea jeffries,
Last updated:
23 January 2013

We make a short response on points of interest to BSA members. We argue that the proposed annual income measures for fee blocks A.12, A.13 and A.14 from 2013/14 needs further work; it certainly is not as transparent or straightforward as the current metric, numbers of appr...

Our response to the FSA’s consultation, Financial Services Compensation Scheme – management expenses

Industry response,
Contact:
andrea jeffries,
Last updated:
21 February 2013

Introduction The Building Societies Association represents mutual lenders and deposit takers in the UK including all 46 UK building societies. Mutual lenders and deposit takers have total assets of over £375 billion and, together with their subsidiaries, hold residential m...

Our response to the FSA's consultation on policy changes to fees and levies 2013/ 2014

Industry response,
Contact:
andrea jeffries,
Last updated:
23 January 2013

We make the point that without actual numbers it is hard to comment on the proposed policies. We also suggest that mutuals should have their own fee block and that the funding of the Money Advice Service should be reviewed. Click below to read the response in full: Our r...

Our response to the FSA's fees consultation CP 10/05

Industry response,
Contact:
andrea jeffries,
Last updated:
23 January 2013

Our response to the FSA's fees consultation This consultation includes a summary business plan for the FSA as well as providing feedback on the strategic review proposals in CP 09/26 on the fees and levy rates it intends to raise in 2010/11. FSA's fees CP 10/05 C...

Our response to the PRA consultation paper, “Prudential Regulation Authority regulated fees and levi

Industry response,
Contact:
andrea jeffries,
Last updated:
11 June 2013

Our response to the PRA consultation paper, “Prudential Regulation Authority regulated fees and levies: rates proposals 2013/14”, CP 3/13 Background The Building Societies Association represents mutual lenders and deposit takers in the UK including all 46 UK building...

Our response to the Prudential Regulation Authority fees and levies: policy proposals for 2014/15, C

Industry response,
Contact:
andrea jeffries,
Last updated:
23 December 2013

Introduction The Building Societies Association (BSA) represents mutual lenders and deposit takers in the UK including all 45 UK building societies. Mutual lenders and deposit takers have total assets of nearly £380 billion and, together with their subsidiaries, hold re...

Management expenses levy limit for the FSCS, 2017/ 18

Industry response,
Contact:
andrea jeffries,
Last updated:
13 February 2017

We are pleased to be invited to comment on these proposals.  While we welcome the 22% drop in specific budgeted costs for deposits, we are concerned by the overall increase in the proposed management expenses budget for 2017/18 of £1.847 million (2.74%) over last year.  This,...

PRA regulatory fees and levies rates proposals 2017/ 2018

Industry response,
Contact:
andrea jeffries,
Last updated:
24 May 2017

Introduction We are pleased to submit a brief response to the PRA’s consultation on Regulated fees and levies: rates proposals 2017/18 (CP 4/ 17).  We are concerned by the implicit assumption that regulatory fees will always rise (in real terms) – and that building socie...

Our response to PRA fee rates proposals for 2019/ 2020

Industry response,
Contact:
andrea jeffries,
Last updated:
14 May 2019

Implicit in this year’s fees consultation, and in previous years’, is the view that the cost of regulation, and by implication fees, will never fall.  Indeed the PRA's business plan 2019/2020  says: “The PRA’s budget is set in the context of the Bank’s overall framework of fi...

FCA regulated fees and levies: rates proposals 2019/ 2020

Industry response,
Contact:
andrea jeffries,
Last updated:
28 May 2019

We are pleased to offer high level comments on aspects of this FCA consultation.    Appropriate and proportionate regulation is key to the long term future of the UK financial services sector.  That the costs are paid for by the firms which benefit from this regulation is no...