FCA set to almost double minimum fee

From £1,151 to £2,200

clock • 2 min read
The FCA has committed to investing £120 million over the next three years to strengthen its capability for surveillance and intelligence to better identify firms and individuals of concern.
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The FCA has committed to investing £120 million over the next three years to strengthen its capability for surveillance and intelligence to better identify firms and individuals of concern.

The Financial Conduct Authority (FCA) wants to raise the minimum fee paid by financial services firms to cover the increased costs of regulation.

In a consultation pubished on (30 November), the body outlined its plans to increase the minimum fee from £1,151 to £2,200, which would "better reflect the costs associated with the authorisation and supervision...

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