On 29 November 2024, the Financial Conduct Authority (FCA) published a consultation paper, CP24/25, on regulatory fees and levies: policy proposals for 2025/26. CP24/25 sets out proposed changes to the way the FCA will raise its fees from 2025/26, and the way it will collect levies payable to the Financial Ombudsman Service and the Financial Services Compensation Scheme.

CP24/25 includes proposed changes to the FEES Manual (including FEES 5 (Financial Ombudsman Service) and FEES 6 (Financial Services and Compensation Scheme), as well as fees policy updates.

The deadline for responses to CP24/25 is 24 January 2025. The FCA plans to consider comments received and publish its feedback on rule changes and any rules made by the FCA Board in its Handbook Notice in March 2025.