The FSA has published fee figures for the 2005-6 year which it will charge at the same time as fees for the "rump" period of mortgage and general insurance regulation from their respective key dates of 31 October and 14 January until the end of March next year.
The level of fees applied will depend on which so-called “fee blocks” firms' businesses fall under, and how much business is done in terms of turnover and income, according to statements in CP04/9 - which includes feedback on CP04/2. Additionally, CP04/9 addresses the key issue of handling client money as per fee blocks A12 and A13. Block A12 is used for investment advisory firms that hold or control client money, but A13 is for those that do not. At stake is the issue of investment advisory firms that also do general insurance business, which is intended to fall under block A13. ...
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