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|FCA consults on 2015/16 fees for regulated firms|
|Thursday, 26 March 2015|
The Financial Conduct Authority (FCA) is consulting on fees for regulated firms for the 2015/16 financial year. These fees are used to cover the cost of the FCA’s regulatory activities, with fees for individual firms based on the areas of business they undertake.
The FCA’s annual funding requirement is £481.6m, up 8.4% from £446.4m in 2015/16. We will use this to deliver the programme of work set out in our 2015/16 business plan (including our work on pensions, market study into competition in investment banking and implementing the Parliamentary Commission on Banking Standard’s recommendations on accountability), the development of our information systems and the continuing need to invest in our people.
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