CP22/7: FCA regulated fees and levies: rates proposals for 2022/23

Consultation opened
07/04/2022
07/04/2022
Consultation closes
12/05/2022

We are consulting on the rates for our regulatory fees and levies in the 2022/23 financial year.

Read CP22/7 (PDF)

Why we are consulting 

Our fees consultation follows an annual cycle. In March and April we consult on FCA periodic fees rates for the next financial year - 1 April to 31 March - and any proposed changes to application fees or other fees. We also consult on the Financial Ombudsman Service general levy, the Single Financial Guidance Body levies and illegal money-lending levies for the next financial year. 

Who this applies to 

  • all FCA fee-payers
  • any businesses considering applying for authorisation or registration

Background to our fee rates proposals for 2022/23

We have published the 2022/23 Business Plan - setting out our priorities for the coming year and how we plan to achieve our objectives - alongside this CP. 

This CP explains how we propose to recover the costs of carrying out this work, covering:

  • our annual funding requirement (AFR) and its allocation across fee-blocks
  • details of the FCA periodic fees for authorised firms
  • FCA fees for other bodies
  • the new structure of application fees we introduced in January 2022
  • how we handle the revenue from financial penalties imposed on firms

Next steps 

Online response form

We seek feedback on the proposals in this CP by 12 May 2022.

Complete the online form, email [email protected] or write to: David Cheesman, Financial Conduct Authority, 12 Endeavour Square, London E20 1JN.