On 25 November 2022, the Bank of England (BoE) published a Policy Statement on fees for financial market infrastructure supervision 2022/23.
The Policy Statement confirms the following:
- The final fee rates in relation to the BoE’s 2022/23 funding requirement for its financial market infrastructure (FMI) supervisory activity and the policy activity that supports this, as permitted by the BoE’s fee-levying powers.
- The outcome of the 2021/22 actual costs incurred and the impact on FMI fees charged for 2022/23, including the BoE’s confirmation of the shortfall/surplus in fees for 2021/22.
- The BoE’s policy on fees for payment systems in respect of which the BoE has a deference arrangement with the home authority.
- The new hourly rates for the special projects fee.
Invoices are expected to be issued in November for the 2022/23 fee year.