On 10 July 2024, the Bank of England (BoE) published a policy statement (PS) setting out its policy on the levying of fees on financial market infrastructures (FMIs) including UK central counterparties (CCPs), UK central securities depositories (CSDs), recognised payment systems and specified service providers to recognised payment systems.

The fees covered by the PS relate to the supervision and certain applications by these FMIs.

The PS sets out the BoE’s policy on topics including the methodology for levying supervision fees, the fee ratio across the categories of FMI, approach to FMIs subject to multiple regimes, fees for operators of multiple recognised payment systems, and the process for levying supervision fees.

Separate PSs are already in place for incoming (non-UK) CCPs and CSDs.