Background
The FCA is funded by fees and levies from the firms it regulates. In relation to this, the FCA are publishing the revised final 2026/27 fees and levies intended to enable the FCA, Financial Ombudsman Service (FOS) and certain government departments to fund their operations and provide responses to feedback to its consultation draft fees and levies (CP26/11).
Summary
The FCA has confirmed that it is making the following key changes:
- Final minimum and flat-rate fees:
- The FCA proposed to increase minimum and flat-rate fees in line with its increased ORA costs (1%) and continue the staged increases of A-block and consumer credit minimum fees.
- Table 2.2 in PS26/14 sets out the revised staged increases. In particular, any firm authorised to carry out any of the regulated activities covered by the A fee-blocks will pay the minimum fee in fee-block A.0, except for A.6, which has only 1 fee-payer.
- Final variable fee-rates for 2026/27:
- The FCA calculates variable fees by dividing the annual funding requirement (AFR) for each fee-block by the total tariff data reported by the fee-payers in it.
- The differences between the draft fee-rates in CP26/11 and the final rates are set out in Appendix 1 to PS26/14 and the FCA explain that these are due to the variations between the estimated and final tariff data.
Next steps
Firms can use the FCA’s online fees calculator to calculate their individual fees based on the final rates in Appendix 1 of this PS.