On 17 April 2026, the Bank of England (BoE) published proposals for its supervisory fees for financial market infrastructure (FMI) for 2026/27.

The proposals include:

  • Fee rates to meet the BoE’s 2026/27 funding requirement for its FMI supervisory activity and the policy activity that supports this: The BoE’s proposed fees represent a reduction of 3.2% for UK central counterparties (CCPs) and an increase of 7.7% for UK central securities depositories (CSDs) compared to 2025/26, which reflects activity to scope the work on the repeal and replacement of inherited EU legislation governing CSDs (CSDR) on which the BoE intends to work with the Financial Conduct Authority and HM Treasury to provide a full roadmap later this year.
  • An extension to the phased recovery period for UK CCP rulebook costs: The BoE proposes to keep the 2026/27 cost recovery instalment at £1,500,000 and recover any excess over the original forecast in the 2027/28 fee year, and the BoE will levy fees in line with the principles set out in the November 2022 fees regime policy statements for non-UK CCPs and non-UK CSDs.

Next steps

The consultation closes on 18 May 2026.