The regulator has warned it will look to increase the financial penalties it charges to firms in breach of regulatory rules, its latest fee consultation has revealed.
The FSA's total funding needs will rise almost 10% in the next financial year - to £454.7m - largely due to Solvency II and its enhanced supervision regime.
The FSA expects to raise 16.2% more from financial penalties as it increases the amount it penalises firms.
A total of £30.8m of penalties were collected in 2009/10 and will off-set fee increases in the next financial year.
Despite the rise in funding needs, the FSA says it is attempting to minimise any fee increases by focusing on essential areas of work. Costs will rise 9.9% in total.
The costs include 280 staff hired in 2009/10 to enhance the regulator's supervision programme, and will be represented in full year costs for the first time in 2010/11.
Much of the increase in costs comes from enhanced supervision of large firms and the costs of implementing Solvency II.
Funding for the Financial Services Compensation Scheme (FSCS) will fall by 10.1% to £505.4m.
The main fees and levies consultation ends on 12 March. The full document can be viewed here.
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