FSA implements fee changes

The FSA proposed a new way of calculation fees in October last year, and these changes have been implemented following a consultation period. Fees for most firms have stayed at the same level as those suggested in the consultation paper of February 2008, according to the FSA, though some firms will actually see lower fees, lowering the overall costs suggested in the consultation paper. The three fee-blocks that will pay lower rates include: fund managers in category A7; operators, trustees and depositaries of collective investment schemes in category A9, and firms dealing as principal in ...