On 19 February 2025, the Bank of England (BoE) published a policy statement on its fees regime for financial market infrastructure (FMI) supervision 2024/25.

The policy statement provides feedback to responses to the BoE’s consultation paper on the topic, and also confirms:

• The fee rates to meet the BoE’s 2024/25 funding requirement for its FMI supervisory activity and the policy activity that supports it, as permitted by the BoE’s fee-levying powers.
• The hourly costs incurred by the BoE for FMI special projects (including staff salaries and overheads) which have increased in line with the Prudential Regulation Authority’s hourly costs for special projects.

The BoE notes that the policy statement is relevant to all FMIs (both UK and incoming) that currently pay FMI supervisory fees to the BoE or are expecting to do so within the 2024/25 fee year.