On 21 November 2023, the FCA published Consultation Paper CP23/22: Regulatory fees and levies: policy proposals for 2024/25 (CP23/22).

In CP23/22, the FCA sets out its proposed policy changes to the way it will raise FCA fees from 2024/25, as well as some adjustments to the rules affecting Financial Ombudsman Service (FOS) and Financial Services Compensation Scheme (FSCS) levies.

The proposals are relevant to all FCA fee-payers, levy-payers of the FOS and of the FSCS, and to any businesses considering applying for FCA authorisation or registration.

The deadline for feedback to this consultation is 16 January 2024.