The FSA is proposing to change the way it calculates regulatory fees to replace the existing headcount of approved persons with an income measure from 2013/14.
The plans are outlined in the FSA's consultation paper CP11/21, published today, and affects fees for the FSA, the ombudsman service and the Money Advice Service from 2012/13. The regulator is proposing to change the tariff base for fee-blocks A.10 (firms dealing as principal), A.12 (advisory arrangers, dealers or brokers), A.13 (advisory arrangers, dealers or brokers) and A.14 (corporate finance advisers). The present tariff base for fee blocks A.12-14, where most advisers reside, is based on a headcount of approved persons registered under the CF30 customer function in the other fee...
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