The FSA says the cost of assessing qualification requirements - mainly stemming from plans to publish a qualification list - amounts to £60,000 each year.
In its Competence and Ethics consultation paper, the regulator say costs incurred by the FSA " mainly arise" from plans to publish and maintain a qualifications list.
It estimates it will have to fork out an initial total cost of £110,000, followed by an ongoing annual cost of £60,000.
"Costs have been incurred through the need to recruit some additional expertise to initially assist with the assessment of qualifications and additional resource to handle those enquiries redirected by the FSSC to ourselves," it says in the paper.
The regulator adds it expects costs from all other proposals to be "minimal".
It also says FSA supervisors policing competence requirements need only spend two hours each year doing so.
"Our supervisors will need to consider the new requirements in relation to their firms but, after internal consultation; we do not consider that this will take more than one hour every six months, in addition to looking at other competence requirements, due to the nature of the proposals."
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